1995-1996 Academic Catalog

Notification of the College Bill 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 ofPayment 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 Penalties Students who fail to make acceptable payment arrange– ments within a reasonable period of time will be denied access to the cafeteria and library until such arrange– ments 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 collection 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 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 indi– cated on the Student Invoice within the first two days of the academic term (quarter). Payment envelopes avail– able 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 1.083% per month is made on the unpaid balance. Financial 93 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. A late fee of $20 is assessed if the first payment is not made by the end of the financial registration period. Second Payment: The student is required to pay the second third within four weeks of financial registration. A late payment charge of $20 is assessed to all accounts that do not meet this criteria. An interest charge of 1.083% 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 registra– tion. 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. 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. 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 anytime. All payments are credited immediately to the student's account. The College reserves the right to limit the amounts deposited under the PIC-Plan. Interest rates are established on a quarterly basis beginning January 1, April 1, July 1, and October 1. Please call (513) 766-7665 for the current rate. Please request a cmTent PIC-Plan brochure from the Admissions Office or the Cashier's Office for more details. Withdrawals from a Student Account (Credit Balance) A student may withdraw funds from his or her account if the account has a credit balance. Cash withdrawals totalling $50 maximum may be made on a weekly basis. No more than two cash withdrawals may be made in a week. No withdrawals are allowed during the week of financial registration. Withdrawals of amounts greater than $50 are issued by check upon request at the cashier's office. Check processing normally requires one or two full business days.