Late Payment Fees
A late payment fees of 10% of the past due balance (not to exceed $125 per term) will be assessed to students who have not paid or do not have sufficient financial aid or other credit to cover institutional charges
If a student pre-registers for fall classes in March for the following summer and fall, the student will be billed for these charges in May and July, respectively. If the student does not pay by the payment deadline on their statement, a late fee will be assessed. If the student does not add classes until the drop/add period for first summer and then does not pay by the specified payment deadline, a late fee will be charged.
Finance Charges will be assessed to all accounts with a past due balance. Students, however, will not be assessed finance charges unless there is a past due balance at the end of the term.
Finance Charges will be charged monthly at the rate of .583% per month (7% APY) on the past due billed balance on non-student accounts. Finance Charges will be assessed to students on any prior term past due charges. For example, a student who has a past due balance at the end of Spring semester will incur a finance charge of .583% per month on these unpaid charges after the end of Spring term.