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OFFICE OF THE BURSAR

LATE PAYMENTS AND FINANCIAL HOLDS

If full payment is not received by the due date, the University will assess a late payment fee of 1% of the amount past due. Normally the bursar will not cancel late payment fees.

A financial hold is placed on all accounts with a past due balance. Students with a financial hold are not allowed to register for the next semester, receive transcripts, participate in housing lottery, or receive diplomas. Students with delinquent balances at the end of a semester may be withdrawn from the University. All prior year balances must be paid in full before the start of the next academic year. Students whose past due balance is $5,000 or greater, or who submit a check that is returned by the bank, are subject to cancellation of registration for the current semester and withdrawal from the University unless acceptable arrangements are promptly made.