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.
2.1 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
2.3 Requests for waivers of this fee are considered on a case-by-case basis by the
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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