Students will receive an electronic billing statement before the beginning of each term. Full-time student tuition, room, board, and fees are billed in both Fall and Winter terms. Additional tuition, room, and/or board charges for May term will be based on the student's status during Winter term. All student billing account activity is reflected as received. Some financial aid, loans in process, outside scholarships, and/or additional charges may not display immediately at the beginning of a term. Federal loans, including Direct and PLUS loans, cannot be dispersed to the student account until the appropriate paperwork is complete. If an outside scholarship is anticipated, please make sure it is forwarded to the Financial Aid Office by the first day of classes. Student employment wages and future monthly payment plan amounts will be reflected on student billing accounts as earned/received.
The net balance due (i.e. the charges less financial aid) should be paid by the due date of each term or it will be subject to finance charges. Any new charges added throughout the term are due by the 10th of the following month. Finance charges of 1.5% per month (18% annual percentage rate) are assessed on balances older than 30 days.
If students’ billing account balances are not paid in a timely manner, the students will be placed on financial hold, and their current and/or future class registration may be cancelled. Wartburg College also retains the right to turn any past due student billing account balances over to a collection agency. Students will be charged for all costs and expenses incurred by Wartburg College in enforcing or protecting its rights and remedies, including, but not limited to, reasonable interest fees, collection costs, attorney’s fees, and legal expenses on any defaulted account.
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