Late Payment Fine Explanation
A late payment fine will be assessed against the account of any student whose account balance remains unpaid after the due date. This late payment fine shall be calculated and assessed for each month that the balance remains $1,000.00 or greater. Each monthly fine shall be the greater of $25.00 or a flat amount calculated by multiplying 1.5% by the amount of the outstanding balance.
*These dates reflect a 5 business day grace period.