College costs are typically broken down into two categories - direct costs and indirect costs.
Direct costs are those for which students will be billed directly by the Accounting Office. These include tuition, fees, room and board. The Beloit College health insurance plan is also a direct cost for those students who are required (i.e. - international students), or choose, to purchase the plan.
Indirect costs refer to those expenses that students incur by attending college, but which are not billed directly to their account. Indirect costs include travel, books, supplies and other miscellaneous personal expenses which can vary considerably from individual to individual.
Direct costs of tuition, fees, room and board are billed by semester. The first semester's charges are billed in July, with payment due in early August. The second semester's charges are billed in December, with payment due in early January. Beloit also offers a convenient payment plan through Tuition Management Services (TMS). For a small annual fee - but no finance charges - families can contract with TMS to make equal monthly payments on an eight, ten, or twelve month option. More detailed information on fees, billing cycle, and payment plans can be found at the Accounting Office website.
When calculating the cost of attendance and determining a family's financial need, the College takes into consideration both direct costs and and an estimate of indirect costs.
Costs for the 2008-2009 Academic Year
| Tuition | $31,310 |
| Fees | 230 |
| Room (double) | 3,282 |
| Board (20 meal plan) | 3,414 |
| Direct Costs | $38,236 |
| Books (est.) | 400 |
| Misc. Personal (est.) | 900 |
| Health Insurance* (est.) | 700 |
| Indirect Costs | $2,000 |
| Total Costs | $40,236 |
* all international students must purchase the College's health insurance plan