You are here: Home Summer 2009 - Spring 2010 Undergraduate Catalog Financial Information Financial Settlement

Financial Settlement





At a glance:  


 

Continuing registration

Regular registration

Financial settlement options

Financial penalties

Withdrawal policy

Tuition reductions

Financial aid recipients


 

Office of the Bursar

Office of Housing and Residence Life

Office of Student Financial Aid

Kentucky Higher Education Assistance Authority

Continuing registration

Tuition and fees are due on, or before, the designated due date for the semester. Payment may be made by cash, check, money order, charge card (MasterCard, Visa, or Discover), or financial aid credit. Payments may be made by mail, by use of the deposit box located in the front entrance of the Houchens Building, or at the Office of the Bursar.

Failure to receive a Statement of Account will not relieve the student of the responsibility for making financial settlement by the designated due date. Continuing registrations which are not financially settled by the designated due date may have their course registration cancelled and/or be assessed financial penalties. The Continuing Registration designated due dates are listed in the current Registration Information newspaper and on the Bursar’s web site.

Regular registration

Students who register after continuing registration should be prepared to fully settle financial obligations by the last day to drop/add for the semester. Failure to fully settle financial obligations may result in financial penalties.

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Financial Settlement Options

>Due dates, payment information, payment plan options, and payment plan forms for specific semesters is updated regularly on the Bursar's Office web site. Please address your questions to the Bursar's Office by email and receive an email response (bursar@louisville.edu). The Bursar's Office phone number is 502-852-6503.

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Financial penalties

Students whose accounts are not paid by established semester deadlines may be subject to financial penalties.  Students with unpaid account balances will be placed on Financial Hold by the Bursar’s Office. Students placed on Financial Hold become ineligible for further registration and transcripts will not be released until the student account is paid in full. A late payment fee of $50.00 may be assessed when student accounts are not paid by the last day to drop/add.

A student whose payment is not honored by the bank on which it was drawn may be assessed a return payment fee. If restitution is not made within 10 days of notification, the student may be subject to course cancellation and/or legal action.

Debtors who do not make satisfactory payment arrangements on their past due accounts may have their accounts placed with a collection agency. It is the policy of the University that unpaid accounts will be assessed the costs and expenses of collection, including attorney fees.  The University may report unpaid financial obligations to credit bureau organizations.

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Withdrawal Policy

The effective withdrawal date is the date on which the withdrawal is processed in the Student Records System. This date is used in calculating any applicable tuition reduction.

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Tuition Reduction

When a student officially withdraws from the University or from any course, or courses, for which hourly tuition rates apply, tuition and student activity fee charges will be adjusted according to the tuition reduction schedule printed in the Registration Information newspaper. The full amount of tuition/fee charges for the semester will be due unless the withdrawal occurs during the tuition reduction period.  The tuition reduction schedule for each semester is available on the Bursar’s web site.

This policy applies to all tuition and student activity fees except for nonrefundable deposits. Course fees, special fees, and laboratory fees are reduced only with the 100% adjustment.

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Financial Aid Recipients

Determinations regarding refunds of resulting credit balances will be based on regulations governing the financial aid awarded to the student. Federal regulations mandate that students have the right to cancel all or a portion of an EFT loan. To request cancellation of all or a portion of your loan, contact the Financial Aid Office in writing. (Financial Aid Office, University of Louisville, Louisville, KY 40292).

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