
252.0 VIII-2.20-POLICY ON PAYMENT OF TUITION AND FEES (Issued by the Chancellor, March 1, 1989) 1. Each institution shall be responsible for the administration of this policy. 2. Tuition and fees are due and payable in full on or before the due date stipulated on the billing, except under the following circumstances: a. Financial aid awarded by the institution has not been completely processed; b. Guaranteed bank loans (i.e., GSL, HEAL) have not yet been disbursed; c. Third-party student support contracts have been awarded but not yet received by the institution from the awarding entity; or d. Payment shall be made in accordance with an installment payment plan as provided in written procedures approved by the President of the institution. 3. The student may be required to submit written documentation in support of postponement of payment from the institution's Office of Student Financial Aid, the bank, or other awarding entity. 4. If timely payment is not received by the institution in conformance with procedures implemented pursuant to this policy, appropriate administrative action shall be initiated. Such action may include barring attendance at classes and withholding of transcripts and grades. 5. Effective date: March 1, 1989 Replacement for: BOR V - 14.02 BOT XII - K