Installment Late Fee

Students

70.02         Installment Late Fee                                                                        Issued: May 15, 1998


1.     Definition and Purpose

        The installment late fee is assessed to each student who fails to pay their second or third
        installment on tuition and fees by the installment due date. The fee is non-refundable. The
        revenue generated from the fee is used to underwrite the costs associated with operating the
         installment payment plan.

2.     Procedures

        2.1    The installment late fee is assessed in an automated fashion by the student information
                  system (SIS+) to all students with a balance due after the installment due date.

        2.2    The Manager of Treasury Services is responsible for ensuring the approved rates are
                 assessed.

        2.3   Requests for waivers of this fee are considered on a case-by-case basis by the
                Controller.

        2.4   The revenues from the fee assessment are credited to the Fiscal Affairs Department
                local operating account (2-22210).  

Contact:     Manager of Treasury Services


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