Guide to Financial Settlement
The Student Accounts Offices are here to assist you with your financial settlement as you continue your academic journey. Here is all you need to know about being financially settled at the start of each semester.
Financial Settlement Defined
Financial settlement is the process of securing your courses and housing (if applicable) by satisfying all financial responsibilities for the upcoming semester. This means that your semester balance is either paid in full OR you have made payment arrangements with our office to cover your entire balance.
Financial Settlement Deadline
The deadline to be financially settled is one week before the first day of classes each semester. See the Important Dates page for more information.
Failure to meet the financial settlement deadline may result in being administratively withdrawn from courses for the semester and/or receiving a $150 late settlement fee.
Ways to Become Financially Settled
Most students use more than one of the following payment options to become financially settled.
-
Payment Plans
Students who will be paying out of pocket but are unable to pay in full or need additional time to get financial aid requirements in order, may set-up a payment plan though our payment portal. See Payment Portal page for more information or to use the Payment Plan Calculator.
To be financially settled: Students must enroll in a payment plan before the deadline.
-
Out-of-Pocket Payments
Students may make payments to pay their balance in full via the online payment portal. See Payment Portal page for more information.
To be financially settled: Students must pay in full before the deadline.
-
Corporate or Third-Party Tuition Assistance
Students may be eligible for tuition assistance through their employer or other third-party vendors.
To be financially settled: Students must submit a letter of credit, a letter of intent to pay, or a voucher from the third party at least one month prior to the financial settlement deadline to guarantee that these funds will be projected on their student account before the deadline.
-
Military Benefits
Students that are currently Active Duty or Veterans may be eligible to receive benefits. See Veteran Services page for more information.
To be financially settled: Students must complete the veteran application process at least two weeks prior to the financial settlement deadline.
-
Parent PLUS and Private Loans, and Outside Scholarships
Students and parents may apply for parent and private loans, and outside scholarships through third party vendors. See Financial Aid page for more information.
To be financially settled: Students must submit approval documents to financial aid and meet all requirements at least one month prior to the financial settlement deadline to guarantee that these funds will be reflected on their student account before the deadline.
-
Federal Student Aid
Students need to complete the FAFSA application every year to determine federal and state aid eligibility and awards. See Financial Aid page for more information.
To be financially settled: Students must satisfy all financial aid requirements at least two weeks prior to the financial settlement deadline to guarantee their financial aid can be authorized to their student account before the deadline.
-
Institutional Scholarships
Students may qualify for institutional or departmental scholarships such as merit scholarships, athletic scholarships, tuition remission, and more. See Financial Aid page for more information.
To be financially settled: Students must submit documentation by the scholarship deadline and work with financial aid to have their scholarships applied at least two weeks prior to the financial settlement deadline to guarantee that these scholarships will be reflected on their student account in time to meet the deadline.
Additional Information
Students participating in courses agree to all financial obligations in the event they become ineligible for any previously agreed settlement information. This may include but is not limited to:
- Loss of financial aid
- Loss of military benefits
- Loss or change in employment or scholarship benefits
- Additional tuition or fees due to registration changes