2014-2015 Undergraduate Academic Catalog

Financial Registration Policy To enable the University to be responsible in meeting its financial responsibilities, students must make provision for the payment of their bill on the due dates established by the University each semester. A student’s registration for courses indicates a commitment to pay for related charges as stated in the University catalog. The following payment plan schedule was established to help students care for this responsibility: Fall 2014 Spring 2015 First Payment Due: Aug. 5, 2014 Jan. 5, 2015 Second Payment Due: Sept. 1, 2014 Feb. 1, 2015 Third Payment Due: Oct. 1, 2014 March 1, 2015 Fourth Payment Due: Nov. 1, 2014 April 1, 2015 A student is not considered financially registered until at least the first one-fourth payment has been received by the Cashiers Office. Students who do not make financial arrangements for the first payment due on their University bill will not be permitted to attend the University. Failure to make subsequent payments could result in the loss of dining hall and library privileges and the withholding of grades and online registration. Making Payment Students and parents may pay their University bill using several payment methods, including check, cash (in person), debit/credit card with a convenience fee, or online through our EZPAY system. For your protection, please do not mail cash. Please send payments made payable to: Attn: Cashiers Office Cedarville University 251 N. Main Street Cedarville, OH 45314 *Please remember to include your student ID# and student name on all checks. Payment by Internet, please visit: cedarville.edu/ezpay For more information on payment options, visit the Cashiers Office website at cedarville.edu/cashiers. Notification of the University Bill Students who preregister will receive an invoice based on their preregistration schedule 20 to 30 days before the semester begins. Students are responsible for making their payments by the due dates. A statement of the student account is generated each month that the account has activity. Monthly bills are sent via email to the student’s Cedarville University email. The student can request the invoice/statement be sent to additional email accounts. Paper invoices/statements can also be requested for a $3/month fee. You may view your student account history at any time by using CedarInfo and selecting “View your student account.” Invoices and Statements Online Students may view their student account, current invoice, and most recent transactions online using CedarInfo. Students may also assign their parents a password, giving them access to their student account and invoices. Parents can view this information by logging onto CedarInfo through their own Internet service provider. Payment Penalties Students who fail to make acceptable payment arrangements within a reasonable period of time will be denied access to the dining hall and library until such arrangements are made. Students who do not make payments by the stated due dates will be charged $25. Students with unpaid balances at the end of the semester may be denied grade reports, transcripts, diploma, or enrollment in the next semester. Students with past due accounts will also be responsible for any fees incurred in the collection of their past due account. Interest Rates An annual interest rate of 13 percent (1.083 percent per month) will be charged during the academic year on accounts of current students. An annual interest rate of 15 percent (1.25 percent per month) will be charged during the academic year on accounts of students no longer enrolled and on all student accounts during the summer months. (May–July) Prepayment Incentive Credit Plan (PIC-Plan) This plan enables a student to earn interest on a student account that has a credit balance of $500 or more on the first day of the calendar month. The PIC-Plan account and the student account are one and the same. PIC-Plan interest is taxable and anyone earning $10 or more in interest will receive a 1099-INT form. Please go to cedarville.edu/cashiers for the maximum deposit amount and the current interest rate. Withdrawals From a Student Account Students may withdraw cash from their student account during the semester, provided they have a credit balance. Cash withdrawals may not exceed $100 per week. No more than two cash withdrawals may be made per week. Withdrawals of amounts greater than $100 are issued by EFT deposit; requests can be made by using CedarInfo by selecting “Request a payment from your student account” under Financial Transactions . Refunds are issued within three to four business days of the request. New Student Reservation Deposit Refund A reservation deposit must be submitted by new students as an indication of the intention to enroll. The amount of the deposit is $250. This money will be credited to the student’s account and Page 278 2014–15 Undergraduate Academic Catalog Financial Information Financial Information