Finance Charges

Billing statements are available online around the first of each month if you still have a balance due or there has been activity on your account since your last statement. Your payment due date will be listed on the statement.

A finance charge of 1% per month is added to any unpaid balance remaining after the due date. To avoid this charge, payments must be received by 4 p.m. on the due date.

If you are expecting financial aid, the estimated aid amount is temporarily applied to your account to help prevent finance charges on the portion expected to be covered by that aid.

However, if your financial aid is canceled or reduced before the due date, finance charges may be added to both:

• the unpaid balance from your statement, and
• the amount of financial aid that was removed.