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POLICIES AND PROCEDURES

Procedure Number: SS66-01
Title: Tuition Payment Plan*
Date Approved: 1/22/00
Updated & Approved: 6/3/04; 4/10/05; 4/5/07; 3/19/09, 3/3/10
Related Policy 3354:2-66-01

 

 

  1. Students will be eligible to participate in a tuition loan plan to provide up to 100% of tuition and fees. Under the tuition loan plan, repayment in installments is required for the Fall and Spring Semester, but not for the Summer Semester.
  2. A tuition loan plan promissory note must be signed by the student. This may be by electronic signature or by a signed document delivered to the Cashier's office on or before the tuition due date. In special circumstances other arrangements may be made.
  3. A $25 non-refundable processing fee will be charged to, and paid by, the student at the time each tuition loan plan is executed.
  4. The College will establish three installment due dates for Fall and Spring Semesters and one due date for Summer Semester.
  5. If an installment payment is not received by the due date, the following will occur:
    1. A $20 late fee shall be assessed for each missed payment due date installment for the Fall and Spring Semesters with one $60 late fee for the Summer Semester;
    2. A hold placed on students records which will:
      1. prevent receipt of grades;
      2. prohibit the processing of transcripts;
      3. block further registration for classes, unless that student's total balance due Lakeland is less than $100.00.
  6. If, at the end of the semester, an outstanding balance remains due, collection procedures can be initiated by the College.
  7. In special circumstances, the Controller's Office may waive processing and late fees if approved by the Controller and Bursar.
Staging Enabled