Student Financial Services

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The Student Financial Services department manages billing, student account statements and payment processing for Embry-Riddle.

Services by Campus

Daytona Beach, Prescott and Worldwide & Online Campuses

Student Financial Services, is accessible through ERNIE, our secure student portal for Daytona Beach, Prescott and Worldwide & Online campuses.

There you can do the following securely online:

View Payment Deadlines
Make a payment
Enroll in a Payment Plan
View and print your student account statements
Access tax documents
View financial aid awards

Payment Plans

Students can take advantage of interest free payment plans available each term
Residential students can make up to 4 installments and Worldwide students can make up to 3 installments, depending on when they enroll.
Allowable charges include tuition, mandatory fees, meal plans, housing and course fees. Flight charges, books and supplies are not allowed in the payment plan.
An enrollment fee is required and included with the first installment payment.

Deferments

The University may grant a deferment for the following resources:

Financial Aid: Financial Aid begins disbursing awards after the end of add/drop each term. Students using financial aid to pay their university charges may have a payment deferment up to the amount of their accepted award. Any out-of-pocket expenses must be paid by the published payment deadline.
Third Party Sponsorships: Students whose tuition and fees are paid by a third party (such as an employer, foreign embassy, or the U.S. Government) are considered sponsored students. To receive a deferment on their account, students must submit the required sponsorship documentation to the Student Financial Services office before each term payment deadline. The deferment will be applied for the appropriate approved amount.
Veterans Affairs (VA) Benefits: VA students who intend to use their benefits must submit their Registration Intent Form electronically to the Embry-Riddle Veterans Student Services Office. Student Financial Services works directly with Veterans Student Services to apply the student’s benefits to their student account each term as a deferment. Find campus-specific information at Veterans' Student Services.

Visit Student Financial Services in ERNIE

Asia Campus

Payments and Financial Services

For the Embry-Riddle Asia campus, the Office of Student Services — in partnership with the Finance Department — is your go-to source for student billing. Invoices are generated based on the fees outlined in your student contract and the number of course modules you’re enrolled in, keeping all your charges clear and in one place.

Payment of Tuition Fees

After the student contract has been executed and a student has been registered for course modules, invoicing will commence. The Office of Student Services, working with the Finance Department, will issue invoices based on the fees stated in the student contract and the number of course modules for which a student has been registered. Students at ERAU Asia Institute pay fees on an installment basis depending on the number of course modules taken each term.

Fees will differ from student to student depending on the course modules the individual student is enrolled in each term. Fees are due one week before the start of each term, as indicated on the invoice.

Students can make payment fees via bank transfer to ERAU Asia Institute or pay via TransferMate/Touchnet using our online payment portal. Additional information on payment options is provided on the invoice. The Finance Department will issue an original receipt to students within 7 to 14 days after payment is received.

The Finance Department will actively communicate with students who have outstanding fees to settle balances after the payment due date. The Finance Department may put a student on financial hold and/or drop from any term course module registrations if there is no reply or an outstanding balance is not settled by the stipulated deadline.

Late Fees, Mandatory Fees and Fee Increases

A late fee will be imposed for late payments (10 days after the payment due date) unless there is an approved payment extension. All Mandatory Fees (as stated under Schedule B in the Student Contract) paid by students will need to be protected under the FPS.

Course module fees are reviewed annually by the Embry-Riddle Aeronautical University Board of Trustees. Any increase in course module fees will be announced on the ERAU Asia Institute website and will not exceed five percent annually. Students must sign an addendum to the original contract should there be an increase in course module fees within the stipulated course/degree program duration period.

ERAU Asia Institute is committed to avoiding over- and undercharging fees. A detailed breakdown of tuition fees, including miscellaneous fees, is clearly defined in the student contract and payment schedule.

Miscellaneous Fees

Miscellaneous Fees refer to any non-compulsory fees that the students pay only when applicable. Such fees are typically collected by ERAU Asia Institute when the need arises. Miscellaneous fees are listed in Schedule C of the Standard PEI-Student Contract. Miscellaneous fees are non-refundable. All Mandatory Fees (as stated under Schedule B in the Student Contract) paid by students will need to be protected under the FPS.

Payment Extensions

In extenuating circumstances, students may request a payment extension. The Finance Department will approve requests for a payment extension based on a case-by-case basis, taking into consideration circumstances outside a student’s control. An example of such a situation is a bank delay for which evidence can be provided. Also considered when approving payment extensions is the record of previous payments and whether or not repeat requests for payment extensions have been made.

Fee Breakdown

ERAU Asia Institute is committed to the avoidance of over- and undercharging of fees. Detailed breakdown of tuition fees, including miscellaneous fees, is clearly defined in the student contract and payment schedule (Schedule B — Course Fees and Schedule C — Miscellaneous Fees).

Fee Protection Scheme (FPS)

It is compulsory for all Private Education Institutions in Singapore to protect any student fees paid in advance. The scheme ensures that if ERAU Asia Institute fails to deliver its programs due to closure for any reason, students can claim back any fees that have been paid in advance.

This fee protection is provided through a Fee Protection Scheme (FPS) group insurance taken out by the ERAU Asia Institute on behalf of students. ERAU Asia Institute engages Lonpac Insurance as the provider of all policies taken out under the FPS. The policy provides the refund of unconsumed fees paid should ERAU Asia Institute close or be unable to deliver the academic program as detailed in the contract for any reason. The premium is 0.9% of the sum of all fees invoiced in any term.