Should a student desire to pay educational expenses in monthly installments during the semester, a minimum of one-fourth of the amount due must be paid before August 1 for fall and before or at matriculation for spring. The remainder must be paid in three monthly installments during the semester with interest assessed at the rate of one percent per month—twelve percent per annum, subject to change from year to year.

Any student whose account is not current will be ineligible to participate in preregistration or room draw and may be prohibited from charging at the college’s bookstore. Any student whose account is not fully settled by the conclusion of a semester will be ineligible to obtain (or maintain, if preregistered) a class schedule for the subsequent semester. A semester grade report, transcript, and/or diploma will not be issued to any student whose account is not settled. Also, any senior student whose account is not settled may be prohibited from participating in commencement activities. Should a period of 120 days pass without any activity on an account with an unpaid balance, then the college may refer the account to a collection agency. The student will be responsible for any attorneys’ fees and/or other costs associated with the collection of the unpaid balance. A delinquent account also may be reported to major credit bureaus.