Billing

NYITCOM has a secure e-billing process to provide a fast, efficient way to view your monthly billing statement. Electronic billing is our official means of generating tuition bills. Each time a bill is available, an email will be sent to your official New York Institute of Technology email address. You also have the ability to view up-to-the-minute transactions by visiting the Student Service HUB—Your Home for University Business—logging into your account, and selecting the account summary by term option.

Please note: If you are expecting financial aid, students are required to read and accept the Financial Aid Disclosures before any financial aid can be applied to a student’s account. Visit your Student Service HUB and click on the To Do list under My Tasks to complete this task.

For assistance in determining how much is due, see the Office of the Bursar.

To expedite processing of your payment we encourage all payments to be made online via the Student Service HUB or mail your payment to the following address:

New York Institute of Technology Office of the Bursar
P.O. Box 392
Old Westbury, N.Y. 11568

If you need assistance with navigating the Transact Payments Full-Service Payment Plan website or enrolling into a payment plan, please contact the Transact Payments Customer Care Center, Monday through Friday, 8 a.m. – 8 p.m. ET at 888.381.8054. (First choose option “1” then choose option “2” for students and parents).

Tuition and Fees Due Dates

Annual Payment Plan (NYITCOM Students Only)

TERMS: Students must include their entire yearly balance (including health insurance and dental insurance if applicable) in the payment plan budget upon enrolling in the plan. NYITCOM Annual Payment plan opens March 15, 2024:

• Enrollment before April 14, 2024 (10 payments due on or before the 15th): April, May, June, July, August, September, October, November, December, January
• Enrollment after April 14, 2024 (9 payments): May, June, July, August, September, October, November, December, January
• Enrollment after May 14, 2024 (8 payments): June, July, August, September, October, November, December, January
• Enrollment after June 14, 2024 (7 payments): July, August, September, October, November, December, January
• Enrollment after July 14 , 2024 (6 payments): August, September, October, November, December, January
• Enrollment after August 14, 2024 (5 payments): September, October, November, December, January
• Enrollment after September 14, 2024 (4 payments): October, November, December, January
• Enrollment after October 14, 2024 (3 payments): November, December, January
• Enrollment after November 14, 2024 (2 payments): December, January

The last day to enroll in the 2024–2025 payment plan is November 14, 2024. We encourage you to enroll early to maximize your payment options.

1. Get started today by logging in to Student Service HUB:
2. Under the Finance section, go to “Account Summary” (My Account)
3. Select “Payment Plans” to enroll in a plan.
4. To activate the payment plan, you must make your first payment and pay an enrollment fee to activate the plan. Future payments follow the monthly schedule noted for each term below.

Note: There is an administrative fee retained by New York Tech charged in addition to the enrollment fee charged by Transact Payments.

Contact the Office of the Bursar at 516.686.7510 or bursar@nyit.edu for assistance in determining your payment plan budget or with any tuition and fee questions.

Tuition Refund Insurance

Optional Tuition Refund Insurance coverage, offered through A.W.G. Dewar, supplements New York Tech’s published refund schedule through its Tuition Refund Plan (TRP). Subscribers are eligible for a refund throughout the term, even when the refund policy has expired. Costs covered by the TRP program include tuition, room, mandatory fees, and meal plan. Participation is entirely optional. For more information or to enroll, please visit collegerefund.com or call 617.774.1555.

Please note that enrollment in the plan must take place prior to the start of the semester.

Refunds

If you are due a Title IV credit balance, the Bursar’s Office will process a refund within 14 days. All refunds will be disbursed in two lump sums: at the beginning and midpoint of the year. All forms of student assistance (including private loans and Grad PLUS loans) are disbursed twice a year.

If New York Institute of Technology owes you money from overpayment on a bill, you have choices on how to receive your refund. Our school delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc.

• For payments by personal check, bank check, or domestic wire transfer, refunds will be issued via paper check or direct deposit.
• For payments by credit card, refunds will be issued directly to the credit card used. The credit can take anywhere from 5–7 business days to be applied to your credit card from the date the University processes it.
• For payments by international wire transfer, refunds will be distributed to the bank and account that issued the wire payment. The Bursar’s and/or Controller’s Office will reach out to the student to collect the necessary information for these types of refunds to be processed.

The Office of the Bursar provides your refund disbursement via direct deposit to your checking or savings account (U.S. Bank only).

Requesting A Refund

Select your refund preference through BankMobile Disbursements and request a refund by following these steps.

Online:

1. Log in to my.nyit.edu
2. Select the Student Service HUB tile
3. Access the Finances section and select “Choose My Refund Method”
4. Then request a refund by selecting “Submit Refund Request”

Note: If a credit balance is due to a personal check or ACH check, it will be subject to a 30-day hold unless proof of clearance has been provided. For more information about BankMobile Disbursements, visit bankmobiledisbursements.com.

To view our third party servicer contract for refund management.

In Person or via Mail or Fax:

1. Download, print, and fill out a Refund Request Form (PDF).
2. Return the form by mail, email, fax, or in person to the Office of the Bursar in Long Island or New York City.

2024–2025 Disbursement Schedules

If New York Institute of Technology owes you money from overpayment on a bill, you have choices on how to receive your refund. For more information, visit: bankmobiledisbursements.com/refundchoicessso

• For payments by personal check, bank check, or domestic wire transfer, refunds will be issued via paper check or direct deposit.
• For payments by credit card, refunds will be issued directly to the credit card used. The credit can take anywhere from 5–7 business days to be applied to your credit card from the date the University processes it.
• For payments by international wire transfer, refunds will be distributed to the bank and account that issued the wire payment. The Bursar’s and/or Controller’s Office will reach out to the student to collect the necessary information for these types of refunds to be processed.