Tuition & Fees

A Sound Investment

In the business world, it’s important to recognize the difference between cost and value. For your convenience, this page lays out exactly what a Nichols education costs. What gives a Nichols education its value, though, is how far it will take you in your career.

Payscale.com ranks Nichols among the top ten business colleges in the country, when it comes to the return students get on their investment in a degree. According to their report, over a 30-year career, a Nichols graduate earns an average of $612,000 more than an individual without a college degree. That averages at a 5.4 percent annual return on investment for a Nichols degree, which puts us in the top ten private business schools in terms of return on investment, according to payscale.com. That’s what we call a sound investment.

What’s more, last year 98% of our incoming students received financial assistance. More than 95% of our students received grants directly from Nichols. When looking at all funding sources, the average financial assistance package for a full time student is over $30,155 per year. For more information about financial assistance, contact the Office of Financial Assistance.

Have a look at the numbers below, and if you have questions, please contact our Business Office at 508-213-2288 or businessoffice@nichols.edu.

2014-2015 Fall and Spring Terms

Description

Fall Term

Spring Term

Year Total

Undergraduate Day4 $16,035 $16,035 $32,070
SGA Fee $150 $150 $300
Parking Fee
(Can be waived)
$130 $130 $260
Commuter Total4 $16,315 $16,315 $32,630
Standard Room and Board
(All residence halls except Copper Beech)
Standard Room1,3 $3,412.50 $3,412.50 $6,825
Standard Meal Plans2 $2,705 $2,705 $5,410
Total Standard Room5 $6,117.50 $6,117.50 $12,235
Copper Beech
Copper Beech Apts.1,3 $4,252 $4,252 $8,504
Cooper Beeach Apts. Meal2 $1,895 $1,895 $3,790
Total Copper Beech $6,147 $6,147 $12,294

Notations

1 Housing Deposit: A non-refundable* deposit of $200 is required of all returning resident students. The deposit is applied to the Fall term. Please note that students who were commuters for the Fall term and wish to be residents for the Spring term will be required to make the $200 housing deposit and the deposit will be applied to the Spring term.

*Deposits may be withdrawn by June 2, 2014 by emailing Reslife@nichols.edu. Withdrawn deposits will be applied to your student account for the upcoming term.

2 Meal Plan: All Resident students are required to have a meal plan. A Commuter Meal Plan is available. Refer to Dining Services for additional information.

3 Single Room: There is an additional charge of for a single room. This must be requested in advance and is subject to availability. 2014-2015 single room supplement: $825 per semester

Textbooks: The cost of textbooks is not included in tuition charges. Textbooks are purchased separately at the Nichols College Bookstore. Students may be eligible to obtain a book voucher from the Business Office.

5 Residency Changes During the Term
Resident to Commuter: If you move off campus during the term, your room and meal is pro-rated according to the Withdrawal Policy. There is a very limited time frame to receive a pro-rate of charges.

Commuter to Resident: Becoming a resident student mid-term is subject to room availability. Please contact the Residence Life department to discuss your options at ResLife@nichols.edu.

6 Additional Fees may apply.

Health Insurance Options

Massachusetts State law requires that students who attend college full-time pay a health insurance fee. The rate for the 2014-2015 is $1,850. You may qualify to waive this fee. Under state law, every student enrolled in at least a 75% full-time course load must participate in a qualifying student health insurance program or in a health benefit plan with comparable coverage. Additional information can be found on the Consolidated Health Plans website.

Billing and Payment

Statements are mailed prior to the start of the semester and billed on the following schedule (subject to change):

  • Fall 2014: Payment in full or a payment plan must be finalized by Thursday, July 31, 2014
  • Spring 2015: Payment in full or a payment plan must be finalized by Friday, January 2, 2015. This is an estimated date and may be changed.
  • Summer 2014 and Winter 2015 sessions: Payment is due by the posted payment date for the session.

There are many ways to pay your statement charges:

  • Check/Cash
  • Credit/Debit Cards
  • Online Payment
  • Financial Aid
  • Payment Plans

Refund Policy

Additional fees may apply and are posted online for your convenience. Our withdrawal policy is available as a downloadable PDF. Please contact the Business Office at 508-213-2288 or businessoffice@nichols.edu with any additional questions.

Additional Fees

Fee Description

Amount 2014-2015

Can the fee be waived?1

Graduation Fee $150  
Health Insurance $1,850 Yes
Lab & Course Fees $30 to $90  
Late Payment Fee $250 per semester  
Overload Fee (excess of 19 credits) $1,069 per credit  
Parking Fee $130 per semester Yes
Refund Insurance Fee $105 Yes
Residence Life:
Single Room Supplement
$825 per semester  
Returned Check Fee $50  
Student Government Assoc. Fee $150 per semester  
Study Abroad Fee $500  

1 Restrictions may apply

Miscellaneous Adjustments

Adjustments may be made to the student account during the year. These adjustments are typically done once a month and students will receive an email informing them that they should check their statements online. The most common adjustments are for damage billing, disciplinary fines, library fines, parking tickets and replacement ID cards. Please contact the Business Office at businessoffice@nichols.edu or 508-213-2288 if you have specific questions about any fees or policies.