What is the Payment Policy?
In order to confirm your intent to participate for the upcoming term, you must submit your $1,000 deposit online. Cabin space is not guaranteed solely upon admission. Deposits are accepted by check (payable to “Institute for Shipboard Education” Mail to: Semester at Sea, Colorado State University, Campus Delivery 1587, Fort Collins, CO 80523) or by credit card (Visa, MasterCard, American Express, or Discover). The deposit is not a supplemental expense and will be your first payment toward the total cost of the program.
The entire balance of the program cost is due 90 days prior to sailing (excluding participants enrolled in the Cashnet payment plan). Students anticipating financial aid should plan to provide documentation of approval from aid source(s) indicating details of the disbursement to ISE. Necessary forms are provided to students. Documentation of any financial aid that is to be credited to a student’s account (such as Stafford loans or Parent PLUS loans) must be submitted to ISE by the payment deadline. Participants who have not made arrangements for full payment by the due date may forfeit enrollment in the program.
NOTE: The $1,000 deposit is refundable until the 90-day payment deadline. Deposits are refundable past the 90-day deadline for waitlisted participants only. Participants confirmed into cabins from the waitlist will have two weeks to make full payment.
What if I pay my deposit after the payment deadline for my voyage?
If students place their deposit after the advertised final payment/cancellation deadline for their voyage, they will have 21 days (3 weeks) to make payment in full, provide proof of deferred payment due to home institution aid (financial aid notification form), or request a full refund of the deposit.
Will I be charged late fees?
A penalty of $250 may be assessed on outstanding accounts after the due date. Participants enrolling with the Cashnet payment plan and those receiving documented pending financial aid will not be charged a late fee.
What if I need to cancel from the program?
SAS is committed to making the voyage possible for all students. If you are considering cancellation, we encourage you to contact the SAS Financial Aid Office to discuss options.
All cancellations or transfer requests must be submitted via the cancellation form linked below. Only the confirmed participant (not parents/legal guardians) may submit a cancellation request.
The Institute for Shipboard Education’s payment and cancellation policy is as follows:
- Cancel over 90 days prior to the voyage – Full Refund of Program Fee and Deposit (Excluding the $50 Application Fee)
- Cancel 89-60 days prior to voyage – Lose 25% of program fee and deposit*
- Cancel 59-45 days prior to voyage – Lose 50% of program fee and deposit*
- Cancel 44-31 days prior to voyage – Lose 75% of program fee and deposit*
- Cancel 30 days or less prior to the voyage and after voyage departure – Lose 100% of program fee and deposit*
After departure no refund will be made to a Participant who voluntarily withdraws from the program or who must withdraw from the program due to any violation of the Standards of Conduct. No refund of any kind will be made if the Participant must interrupt the semester due to a medical or psychological illness.
If a participant’s departure or dismissal from the program requires a return or reduction of applicable federal or institutional aid or loans, the student is responsible for the program fees that were covered by these funds.
*Students may opt to transfer to another voyage, however all funds will become 100% non-refundable.