Students

70.01         Installment Carrying Fee                                                                  Issued: May 15, 1998

1.     Definition and Purpose

        The installment carrying fee is assessed to each student that elects to pay their tuition and
        fees on the statutory authorized installment payment plan. The fee is non-refundable after the
        add/drop period. 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 carrying fee is assessed to all students in an automated fashion by the
                student information system (SIS+).

        2.2   The installment carrying fee is removed for all students who have paid by the state
                mandated pay date (i.e. 20th class day for Fall/Spring).

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

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

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

Contact:     Manager of Treasury Services