Responsible Office: Business Office Approved By: VP/Provost Approved Date: 7/1/2017 Effective Date: 7/1/2017 Category: Student Description/Purpose: Terms of Tuition Payment Details: As a student at Saint Francis University, you are responsible and obligated to Saint Francis University for the timely payment of tuition, fees and other charges incurred by you or on your behalf while at Saint Francis University (collectively, your "student financial obligation"), regardless of your expected reliance on third-party resources such as financial aid, family gifts, employer reimbursement, government assistance or other similar sources. Your student financial obligation is due and payable prior to the start of each semester. All financial arrangements must be completed before the first day of the semester. All student financial obligations older than 30 days will be assessed a late fee of 1.25% per month or the highest rate permitted by applicable law on the unpaid balance. Each student will receive an on-line billing statement approximately 45 days prior to the start of fall and spring semesters. This billing statement will include all tuition, room, board and fees associated with the student's enrollment at this time. Another on-line billing statement will be produced within the first 30 days of each semester for any additional charges due to changes during the University's drop/add period. A summer semester on-line billing statement will be produced as soon as practical but within 30 days after the start of a course. A monthly billing statement will be produced at the end of each month for any outstanding charges on the student's billing account. A student's billing activity is available at My.Francis.edu under the "Current Students" section. As soon as payment is received, the student will be officially placed on the active student roster. Payments may be made with cash or check in person or by mailing to the attention of the Business Office. Credit card payments (Mastercard, Visa, Discover or American Express) are accepted through CASHnet. CASHnet may be accessed within the student's online My.Francis.edu account or by a third-party link https://commerce.cashnet.com/francispay. A convenience fee of 2.75% will be assessed for processing a credit card transaction. Electronic funds transfer (ACH Drafts) from a bank checking or savings account through CASHnet does not occur any processing fee. If a student has an outstanding balance owed, Saint Francis University may place a financial hold on your student's account that may prevent the student from registering for courses in the future, the issuance of any report of grades, and the receipt of academic transcripts, diploma or other records of academic achievement. Your agreement to the terms of your student financial obligation to Saint Francis University will be governed by and construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania. Saint Francis University may pursue any rights and remedies that are available to it at law or equity in order to collect the portion of your student financial obligation which is past due. If you fail to timely pay any portion of your student financial obligation in full by the date it is due, as part of exercising its rights, Saint Francis University may, at its option, place the portion of your student financial obligation which is past due in the hands of an attorney or other third party (such as a collection agency) for collection and, in such case you will also be obligated to pay, in addition to your unpaid student financial obligation and interest, all reasonable costs and expenses of collection, including, without limitation, reasonable court costs and attorneys' fees and/or collection agency fees and charges. Saint Francis University may also disclose to credit bureau organizations that you have defaulted on your student financial obligation to Saint Francis University. Budget/Payment PlansCashNet Payment Plans CashNet offers families monthly payment options to help make education expenses more affordable. The Interest-Free Monthly Payment Option enables families to spread all or part of the semester expenses over equal, monthly payments. There are no interest charges, only a small fee to enroll. Billing Problems Contact the appropriate office indicated for explanation or correction concerning these matters.
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