The Student Accounts Office exists to assist students with their account needs throughout their enrollment at Concord University. The primary function of the Student Accounts Office is to coordinate and maintain all aspects of the student’s financial account including: issuing eBill statements, confirming attendance, processing payments, maintaining payment plans, and releasing refunds. The Fall 2023 term is quickly approaching! Here is a list of important dates and what you need to know: Attention ALL Students: DO NOT PURCHASE COURSE MATERIALS! CU and Follett and have you covered! ALL enrolled students will be automatically enrolled in the Follett ACCESS program. This program allows the receipt of all required course materials for a flat fee of $23 per credit hour. Read more about the Follett ACCESS program here. All student accounts must be settled by the first day of each semester. An account is considered settled when it reflects a zero or credit balance. This can be achieved by any combination of the following: Students whose bills are not settled by the published Last Day to Pay, in the Academic Calendar, may have their registration removed. Re-enrollment will result in the additional assessment of a reinstatement fee. In addition to the standard forms of payment: cash, checks, and all major credit/debit cards, the Student Accounts Office also accepts online payments, wire transfers (domestic and international), and international payments. The Student Accounts Office is available to accept in-person payments being made in the form of cash, check and credit/debit cards during regular office hours, 8:30 am to 3:30 pm. Check payments can also be mailed to Attn: Student Accounts Office, Concord University, P.O. Box 1000, Athens, WV 24712. Please be sure to include the student ID number on the Memo line. If you need to make a payment outside of regular office hours or just like the convenience of making online payments, you can do so through the WV State Auditors’ Office’s Online Payments portal. Tip: The first page, or Applicant Page, of the process is referring to the Student. The second page, or Cardholder page, of the process is referring to the individual submitting the payment. Domestic and international wire transfers can be sent to Concord University as follows: Bank Name: Truist Account Name: State of West Virginia, Office of the State Treasurer Account Number: 5174294463 ABA/Routing Number: 051503394 Account Address: 322 70th Street SE, Charleston, WV 25304 Swift Code: BRBTUS33 Reference: Concord University for {student’s name and ID number} Failure to include the required reference information WILL result in the return of the wire to the originating bank. Concord University currently accepts international payments processed through FlyWire. International students may benefit by using FlyWire over the traditional wire transfer bank-to-bank. FlyWire typically allows you to pay in your own currency which may reduce the conversion rate and any additional bank service fees that may be charged by the receiving bank for a standard international wire transfer. Please visit FlyWire for more information. Concord University utilizes a Confirmation of Attendance Policy in order to comply with federal regulations regarding disbursements of financial aid funds for enrolled students. The Student Accounts Office issues electronic requests to the students MyConcordU email to confirm attendance for the current semester regularly until the confirmation of attendance is completed. Confirmation of attendance is considered part of the payment process, since financial aid cannot be disbursed until the confirmation of attendance is completed. As such, the confirmation of attendance is also due to be completed by the payment date established by the University each semester. When students receive financial aid assistance in excess of their actual charges for a semester, the Student Accounts Office will release a refund to BankMobile on behalf of the student. Students can receive their financial aid refund from BankMobile under two options: direct deposit into an existing bank account or open a VIBE checking account through BankMobile. Students can enroll in BankMobile Disbursements to make or change their preferred refund selection by visiting BankMobile. Refunds will be given ONLY upon withdrawal from the institution. The Student Accounts Office will release any refund to BankMobile on behalf of the student. All refunds are determined based on the Policy CU-BA-19: Assessment, Payment, and Refund of Fees. More information can be found by accessing the Academic Catalog and by viewing the full Board of Governors’ approved Policy CU-BA-19. The following benchmark dates for withdrawal periods is being provided for general information only. Withdrawing can have an academic and financial impact. All students are strongly encouraged to consult their Academic Advisor, a Financial Aid Advisor, and the Center for Academic and Career Development prior to officially withdrawing. Veterans should also consult the Veteran Representative and the Certifying Official prior to officially withdrawing. Summer I 2023 Summer II 2023 Summer 2023, Full-term Fall 2023 Spring 2024 Pursuant to the Department of Education under Section §668.164(e)(2)(viii) and (f)(4)(v) the following information is being provided regarding the electronic financial aid refund services available at Concord University: BankMobile Contract Page. Form 1098-T (Domestic Students only) The 1098-T Form, is required by the IRS to be provided to all U.S. taxpayers who paid eligible tuition expenses above and beyond any institutional scholarships, grants or other awards, except those that have to be repaid, greater than eligible tuition and fees charged by the University. Since the form is on a cash basis, all transactions posted during the calendar year are considered when generating the 1098-T form. Should a transaction be posted for a term that occurred prior the calendar year, those transactions will be displayed as an adjustment. The chart below illustrates the 1098-T cycle for a typical student beginning in a fall semester. As illustrated, the initial form contains two terms of charges and only one term of payments and the final form contains no charges and the last term of payments. This cycle will result in lower eligible tuition expenses for the first year, often $0, and a higher eligible tuition expense in the final year. Keep in mind, this is a general view of the process. If for any reason, the student does not make payments as scheduled or participate in the ability to pre-register for courses, the terms included in form 1098-T could vary as a result. What are you required to do with form 1098-T? How do you receive form 1098-T? 1098-T Electronic Consent: https://heartland.ecsi.net/index.main.html#/access/eConsent The benefits to receiving electronic notification are: Form 1042-S (International Students only) Keep in mind, this is a general view of the process. If for any reason the student does not make payments as scheduled, the terms included in Form 1042-S could vary as a result. What are you required to do with Form 1042-S? How do you receive Form 1042-S? Are exemptions available?Student Accounts Office
Upcoming terms:
Financial Aid Refunds
Tuition and Fee Refunds
90% Refund: May 25, 2023
70% Refund: May 31, 2023
50% Refund: June 7, 2023
40% Refund: June 10, 2023
0% Refund: June 11, 2023
90% Refund: June 29, 2023
70% Refund: July 5, 2023
50% Refund: July 12, 2023
40% Refund: July 14, 2023
0% Refund: July 15, 2023
90% Refund: May 28, 2023
70% Refund: June 11, 2023
50% Refund: June 24, 2023
40% Refund: July 1, 2023
0% Refund: July 2, 2023
90% Refund: August 24, 2023
75% Refund: September 9, 2023
70% Refund: September 15, 2023
50% Refund: October 6, 2023
40% Refund: October 16, 2023
0% Refund: October 17, 2023
90% Refund: January 18, 2024
75% Refund: February 3, 2024
70% Refund: February 9, 2024
50% Refund: March 1, 2024
40% Refund: March 21, 2024
0% Refund: March 22, 2024
Calendar (Tax) Year
2021
2022
2023
2024
2025
Enrollment Year
Fall 2021 Freshman
2nd year
3rd year
4th year
May 2025 Graduate
Fall 2021 Charges
Spring 2022 Payments
Spring 2023 Payments
Spring 2024 Payments
Spring 2025 Payments
Fall 2021 Payments
Summer 2022 Charges
Summer 2023 Charges
Summer 2024 Charges
Spring 2022 Charges
Summer 2022 Payments
Summer 2023 Payments
Summer 2024 Payments
Fall 2022 Charges
Fall 2023 Charges
Fall 2024 Charges
Fall 2022 Payments
Fall 2023 Payments
Fall 2024 Payments
Spring 2023 Charges
Spring 2024 Charges
Spring 2025 Charges
As a general rule, if you are issued a Form 1098-T, you may be eligible for a tax deduction when filling your federal tax return with the IRS (www.irs.gov). Form 1098-T is designed for tax deduction purposes only, and not for the calculation of any educational tax credits. Typically, documentation necessary for tax credits are available in the student’s MyConcordU account under Account Summary by Term. Should you have any questions about your legal requirements, you should contact either the IRS or a tax professional. The University can only guarantee the accuracy of Form 1098-T. The student’s requirements for the proper reporting of Form 1098-T is a legal tax matter and the University cannot provide tax advice.
Concord University has partnered with ECSI/Heartland, offering you the opportunity to receive your 1098-T Tuition Statement electronically this year. If you would like to receive your Form 1098-T electronically, please give your consent by following the link provided below and following the step by step instructions. 1098-T’s will be provided by the end of January 2021. If electronic consent is not received by January 1, 2021, the 1098-T will be mailed to the current address on file.
Form 1042-S is required by the IRS to be provided to all non-resident aliens who receive institutional scholarships, grants or other awards greater than assessed eligible tuition and fees charged by the University. Since the form is on a calendar basis, all terms within the calendar year are considered when generating the 1042-S form. The chart below illustrates the 1042-S cycle for a typical student beginning in a fall semester.
Calendar (Tax) Year
2021
2022
2023
2024
2025
Enrollment Year
Fall 2021 Freshman
2nd year
3rd year
4th year
May 2025 Graduate
Fall 2021 Charges
Spring 2022 Charges
Spring 2023 Charges
Spring 2024 Charges
Spring 2025 Charges
Fall 2021 Payments
Spring 2022 Payments
Spring 2023 Payments
Spring 2024 Payments
Spring 2025 Payments
Summer 2022 Charges
Summer 2023 Charges
Summer 2024 Charges
Summer 2022 Payments
Summer 2023 Payments
Summer 2024 Payments
Fall 2022 Charges
Fall 2023 Charges
Fall 2024 Charges
Fall 2022 Payments
Fall 2023 Payments
Fall 2024 Payments
As a general rule, if you are issued a Form 1042-S, you are required to file a tax return, Form 1040NR, with the IRS (www.irs.gov). You may be entitled to a full or partial refund of the funds withheld from your institutional scholarships as listed box 7a. Should you have any questions about your legal requirements, you should contact either the IRS or a tax professional. The University can only guarantee the accuracy of Form 1042-S. The student’s requirements for the proper reporting of Form 1042-S is a legal tax matter and the University cannot provide tax advice.
All 1042-S forms will be distributed by February 28th of the following year (i.e. February 28, 2021 for the 2020 calendar year). The forms will be mailed to the home address on file at the time of distribution.
IRS Publication 515 requires United States payers (i.e. the University) to assess a 14% withholding to any taxable scholarship income for non-resident aliens. For more information about what portion of scholarships (Code 16) may be taxable and/or to determine if you are eligible to claim an exemption based on an eligible tax treaty, please visit https://www.irs.gov/pub/irs-utl/tax-treaty-table-2.pdf. The withholding can only be waived if the Student Accounts Office is provided a completed Form W-8BEN or Form 8233 based on an eligible tax treaty for each calendar year enrolled.
The Student Accounts Office exists to assist students with their account needs throughout their enrollment at Concord University. The primary function of the Student Accounts Office is to coordinate and maintain all aspects of the student’s financial account including: issuing eBill statements, confirming attendance, processing payments, maintaining payment plans, and releasing refunds. The Fall 2023 term is quickly approaching! Here is a list of important dates and what you need to know: Attention ALL Students: DO NOT PURCHASE COURSE MATERIALS! CU and Follett and have you covered! ALL enrolled students will be automatically enrolled in the Follett ACCESS program. This program allows the receipt of all required course materials for a flat fee of $23 per credit hour. Read more about the Follett ACCESS program here.Student Accounts Office
Upcoming terms:
