2006-2008 Bulletin of the Graduate Programs

- Page 11 - Revision as of 10/11/2006 F INANCIAL R EGISTRATION P OLICY To enable the University to be responsible in meeting its financial responsibilities, students must make provision for the payment of their bill at the beginning of each term. A student’s registration for classes indicates a commitment to pay for related charges as stated in the university catalog. Payment in full is required prior to the start of classes each semester. A student will not be considered officially registered until arrangements for payment have been finalized with the Cashier’s Office. Payment may be made by mail or in person. The Cashier’s Office is open from 8:30-4:00, Monday through Friday. Classes held at teaching points other than the main campus may pay balances by mail. Students who do not make financial arrangements for the payment of their bill may not be permitted to attend classes and may be asked to leave the University. N OTIFICATION OF THE U NIVERSITY B ILL Students who pre-register for classes will normally receive a statement based on their pre-registration schedule 10 to 15 days before the semester begins or on the first day of class. A statement of the student’s account is generated each month when that account has activity. Invoices and account statements are directed to students at their current home residence. F ORMS OF P AYMENT Students may pay their bill using cash, money orders, personal checks, certified checks, or checks drawn on a major credit card. Payments may be made at the Cashier’s Office or by mail. P AYMENT P ENALTIES Students not making financial arrangements within the first two days of the semester will be charged a $20 late payment fee. Students with unpaid balances at the end of a semester may be denied enrollment in the next semester, grade reports, transcripts, and/or a university diploma. They will also be responsible for any fees incurred in the collection of their past due account. I NTEREST R ATES An annual interest rate (currently 15% or 1.25% per month) will be charged from the beginning of the term in which the student first enrolled. P AYMENT O PTIONS Payment in Full is the preferred payment plan. This plan involves paying the full amount due as indicated on the Student Invoice either before the first class or within the first two days of the academic term. Prepayment Incentive Credit Plan (PIC- Plan) enables students to earn interest on student accounts that have a credit balance of $500 or more. Interest earned is credited monthly. This plan operates automatically as soon as the student has a credit balance of $500 or more on the first day of a calendar month. Prepayments can be made any time. All payments are credited immediately to the student’s account. The University reserves the right to limit the amounts deposited under the PIC-Plan. Interest rates are established on a semester basis beginning January 1, April 1, July 1, and August 1. Please call 937-766-7665 for the current rate. For more details, please request a current PIC-Plan brochure from the Cashier’s Office.