Fees for Tuition, Compulsory Incidentals, Residence, and Meal Plans are due on or before the deadline. Payments made after the deadline are subject to interest. If you register after the deadline, you must pay your fees within 1 business day to avoid interest. Unless arrangements have been made with the Student Accounts Office, accounts not fully paid by the due date are subject to sanctions. The University will not:
- Permit course changes in the current term
- Permit registration in future terms
- Issue transcripts of grades nor a University Degree Parchment
- Issue income tax receipts for any semester(s) which remain unpaid
- Issue any letters of permission or confirmation of graduation eligibility
The University reserves the right to refuse production of documentation for additional purposes at their sole discretion. You will not receive your degree at convocation if you owe the University money. Reminders are sent out prior to convocation.
If payment is not received and a student has not made attempts to address the outstanding balance or contact email@example.com, the account may be listed with an external collection agency. The University wants to avoid this extreme measure and we encourage students to discuss their situation with us. Please contact firstname.lastname@example.org to discuss your account and your payment options.
Once an account is listed with our external collection agency, they follow up on your account on our behalf.
Student account balances that are unpaid after the financial deadline are charged interest at 14% per annum, calculated daily, compounded monthly. Interest is calculated by (14% X Outstanding Balance X number of days outstanding) / 365. Your account will continue to accumulate interest on a daily basis until it is paid in full.
If you are subject to interest charges, these charges are calculated daily but not entered onto your account until the beginning of the following month.
If you pay your balance before interest is applied, you are responsible for interest calculated for the time period before the payment. Check your account regularly.