1988-1989 Academic Catalog

172 Financial Informati011 Financial Registration Policy To enable the College to be responsible in meeting its financial responsibilities, each student must make provision for the pay– ment of his or her college bill at the beginning of each quarter. A student's registration for classes is his/her obligation and commit– ment to pay for related charges as stated in the college catalog. To help students care for this responsibility, the first two days of each quarter are set aside for this purpose. A student is not considered registered until arrangements for payment have been finalized with the business office. Any student who is not able to make financial arrangements for the payment of his or her college bill will not be permitted to eat in the college cafeteria, use the library, or attend classes and may be asked to leave the College. Notification of the College Bill Each student receives a Student Data Sheet (SDS) at the begin– ning of each quarter. This computer-generated sheet lists the stu– dent's schedule, tuition, room, board, fees, and financial aid for the quarter as well as basic information about the student. The amount listed on the SDS determines the amount due the College at the beginning of the quarter. Any student may determine his or her bill by contacting the business office. A student account report is sent each month to each student with an unpaid balance. Forms of Payment Students may pay their college bills using cash, money orders, personal checks, certified checks, VISA, or MASTERCARD. Only United States currency (U.S. dollars) is accepted. Payment Penalties Students who fail to make acceptable payment arrangements within a reasonable period of time will be denied access to the cafeteria and library until such arrangements are made. Students who do not make financial arrangements within the first two days of the quarter will be charged a $25 late registration fee. Those who do not pay their bills in full will be charged 1 1/2% interest per month on the unpaid balance. Students with unpaid balances at the end of a quarter will be denied enrollment in the next quarter, grade reports, transcripts, and/or college diploma. Payment Plans Students may take advantage of one of two payment plans: 1. Payment in Full is the most popular payment plan. This plan involves paying the full amount due as indicated on the Student Data Sheet within the first two days of the academic term (quarter). Payment envelopes available on campus during registration enable students to send checks through intracampus mail and avoid standing in lines. 2. Three-Pay Plan makes it possible for the student to pay his/her college bill in three payments spread over sixty days. An interest charge of 1 1/2% per month is made on the unpaid balance. First Payment: At least one-third of the amount the student is required to pay is due at financial registration. This is the amount of the student's bill remaining after financial aid grants and scholarships are deducted. When this payment is made, the student has completed financial registration. Second Payment: At least one-half of the student's remain– ing balance is due within four weeks following financial registration. An interest charge of 1 1/2% per month is made on the unpaid balance. Third (final) Payment: The remaining balance owed by the student is due within eight weeks of financial registration. A late payment charge of $10 is assessed on all student accounts with a balance remaining after this deadline. An interest charge of 1 1/2% per month is made on the unpaid balance. The use of the Three-Pay Plan constitutes a debt obligation of the student to the college and is payable in terms as stated. Each parent and each student must consider and understand the full cost and obligation of the commitment being made.