1993-1994 Academic Catalog

To help students care for this responsibility, the first two days of each quarter are set aside for financial registration. A student is not cm1s1~L1e1·eo until payment Any student who does not 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. College Students who preregister will receive an invoice based on their preregistration schedule ten to fifteen days before the quarter begins. A statement of student account is generated each month that the account has activity. Invoices and account statements are directed to the student at his/her current college residence. Students may request to have statements sent to their parents address; however, they are still addressed to the student. Forms Students may pay their college bills using cash, money orders, personal checks, certified checks, or checks drawn on a major credit card. Payments may be made at the cashiers office or at their temporary location during financial registration. Payment Students who fail to make acceptable payment ar– rangements 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 $20 late registration fee. Those who do not pay their bills in full will be charged 1.083 % interest per month on the unpaid balance. Students with unpaid balances at the end of a quarter could be denied enrollment in the next quarter, grade reports, transcripts, and/or college diploma. They will also be responsible for any fees incurred in the collec– tion of their past due account. Interest Rates An annual interest rate of 13 % ( 1.083 % per month) will be charged from the beginning of fall quarter to the end of spring quarter on accounts of students enrolled in the current quarter. An annual interest rate of 15 % (1.25 % per month) will be charged during the academic year on accounts of students no longer enrolled; and, during the summer months on all student accounts. Payment Students may take advantage of one of two payment plans: 1. in Full is the most popular payment plan. This involves paying the full amount due as indicated on the Student Invoice within the first two days of the academic term (quarter). Payment enve– lopes available on campus during registration enable students to send checks through intracampus mail and avoid standing in lines. 2. makes it possible for the student to pay his/her college bill in three payments spread over sixty days. An interest charge of 1. 083 % 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 registra– tion. 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. A late fee of $20 is assessed if the first payment is not made by the end of the finan– cial registration period. Second Payment: At least one-half of the student's remaining balance is due within four weeks following financial registration. An interest charge of 1.083 % per month is made on the unpaid balance. A late payment charge of $20 is assessed on all accounts that at least two-thirds of the students quarterly bill after financial aid has not been paid by the second payment due date. Third (final) Payment: The remaining balance owed by the student is due within eight weeks of financial registration. A late payment charge of $20 is assessed on all student accounts with a balance remaining after this deadline. An interest charge of 1.083 % per month is made on the unpaid balance. 3. (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 auto– matically 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 anytime. All payments are credited immediately to the student's account. The College reserves the right to limit the amounts depos– ited under the PIC-Plan and the right to change the interest rate upon a written notice to all participating students one month prior to the change. Please request a current PIC-Plan brochure from the Admissions or Cashier's Offices for more details.