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POLICY NUMBER: SS.012
EFFECTIVE DATE: 06/01/2006
APPROVAL DATE: 06/01/2006
REVISED DATE: 01/15/2023
REVISION APPROVAL DATE: 11/18/2024
PURPOSE: States responsibility and when payment is due
SCOPE: All Students (COC&CGUS) of Life University
RESPONSIBLE AUTHORITY: Student Affairs
ADDITIONAL AUTHORITY: N/A
RECIPIENTS: N/A
PUBLICATIONS: N/A
DEFINITIONS:N/A
POLICY TITLE
Payment Policy
POLICY STATEMENT
Tuition payment is due in full upon registration. Any charges such as tuition, housing, meal plans and/or student fees/fines are due by the second Sunday of each academic quarter. The due date can be seen in EagleNet, under Student Accounts by term, or in the Quarterly Announcements.
Payment for LU charges can be accomplished in any of the following ways:
Financial Aid (loans, grants, and internal/external scholarships)
If awarded financial aid falls short of total charges for the quarter, the student is responsible to pay the difference.
Debit/Credit Cards and electronic checks via EagleNet
Third Party payments
LU Payment Plan
Life University reserves the right, at any time during the quarter, to dis-enroll any student from classes for failure to pay tuition, housing, meal plans and fees/fines. An accounting hold will be placed on the record of any student who has an outstanding financial obligation to the University. The student will not be permitted to register for further course work or receive (or have forwarded to external third parties) any transcripts until the obligation is settled
Failure to pay all charges due on a student’s account will restrict their ability to register for future quarters. Students not in good standing with their payment history may result in the deletion of future quarters’ registration. Your Diploma will not be released until all financial obligations to the University have been met. For accounts with balances, partial transcripts will be issued for any quarters where the following conditions are met:
- The student received Federal or state financial aid -AND-
- All institutional charges are paid at the time of the request
If charges on a students’ account are not settled when due, the student will be dis-enrolled. This will result in the student not being eligible to continue to participate in classes, Work-Study jobs, use meal plans, remain in housing and/or the clinic/OSCE in the dis-enrolled quarter. Also, the student will be assessed a 25% dis-enrollment charge based upon the remaining unpaid charges incurred in the dis-enrolled quarter.
Students should contact Financial Aid to determine the possibility of receiving additional financial aid.
Unpaid Balances
Any open balances owed to Life University will prevent full official transcripts from being released. You will also be blocked from registration. If you leave Life University with unpaid debts, you will be referred for collection activities. You will be liable for all applicable collection agency fees, attorney fees and interest charges for the collection of the balance.
PROCEDURE(S)
N/A
OTHER NOTES
N/A
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