A finance charge will be assessed against a student’s account for failure to meet payment due dates. The university will use a rate of 1 percent per month to compute finance charges. The calculation assesses a 1% per month finance charge on all outstanding student account balances (balances as of the 15th of the month). Actual charge posting may appear on your student account a day or two after the 15th.

In addition, failure to make payment when due can result in a financial restriction (stop) being placed on the student’s account. The financial restriction will result in a “stop” being placed on the student’s academic records, including registrations, transcripts and diplomas, and use of payment plans or other credit privileges.

If a student’s courses are dropped (cancelled) due to nonpayment, a financial restriction will also be placed on his or her account. Restrictions may be removed following the reinstatement of all courses originally dropped. To reinstate courses, the student must make arrangements with the Collections Office and pay the account in full (including a $100 reinstatement fee and all associated finance charges). The university reserves the right to delay clearance until a personal check clears a financial institution. For more information on cancellation of registration, please visit our Registration Cancellation page.

A student who has once had a financial restriction placed against his or her account may be denied future advance registration and payment plan privileges even though the student has been reinstated upon payment of the reinstatement fee. Repeated failure to make payments when due may result in severance of the student’s relationship with the university.

Students who incur financial obligations in the parking and traffic office, library, health center, or athletic department will need to contact those offices directly and may be subject to the 1% finance charges, late payment fees and/or financial restriction procedures. If you seek resolution to and restriction/stop from one of the other university offices, you will need to contact them directly for resolution.

Students who fail to pay tuition or fees will be responsible for all costs of collection, including attorney’s fees in the amount of up to 15 percent of the total balance due.