The Business Office is responsible for maintaining the financial records of Lewis College of Business. This includes all cash receipts and disbursements.

Tuition and Fees

For tuition and fees currently in effect, see Catalog insert. Tuition and fees are subject to change without notice by action of the Board of Trustees. For current charges in effect at the time of registration, consult the Office of Finance and Accounting in advance of each semester.

Payment Policy

All tuition and fees are due at registration. Students receiving financial aid will be allowed to register providing their financial aid awards can be certified by the Office of Finance and Accounting. Any tuition and fees that are not covered by financial aid are due and payable at registration. The College reserves the right to request payment on all tuition and fees pending receipt of financial aid funds by the Office of Finance and Accounting.

A Deferred Payment Plan Agreement is available for cash-paying students. Participating students must sign the Agreement. For participating students. The required minimum payment at registration is 40% percent of tuition, plus fees. The balance due must be paid in equal installments: the first payment is due 30 days after registration and the second payment is due 60 days after registration.
The total deferred balance is due and payable upon demand for failure to maintain installment payments. Students are responsible for the deferred balance, even if they withdraw from courses in accordance with the refund and adjustment policy.

All payments to the College must be either credit card, cash, or money order. All balances on tuition and fees must be paid prior to the completion of registration for a new semester.

Payment Options for Students

The option of payment in full always exists, or partial payments can be made as described below:
A student's account balance shall be paid in full if sufficient funds are available from, or upon receipt of, financial aid funds from any source. An account balance may be paid in full before the College's last business day of the semester, avoiding late charges to the student.

The required initial payment will be one-half of the current semester’s account balance (rounded up to the next whole dollar amount) with the remaining balance paid off by the end of the semester.
Payments must be received in sufficient time for posting to your account on or before the College's last business day of the month. (No personal checks are accepted)

Payment by Mail. Make official checks or money orders payable to the College. Be sure your student number or social security is on the check. Allow enough time to ensure postal delivery before the College's last business day of the month.

Payment by VISA/MasterCard. VISA or MasterCard will be accepted for payment in full for your account. Payments can be made during business hours at the Business Office. No phone authorization will be allowed.

Payment by Cash. Cash payments can be made during business hours at the Business Office.

Payments and credits are allocated to the oldest pending account balance. It is the policy of the institution that all registration fees are due and payable on registration day. However, the institution recognizes that financial emergency may occasionally make it difficult for the student to tender payment in full on registration. Therefore, students who have no delinquent accounts with the College, nor have defaulted on any previous financial obligations incurred at the College, are given special consideration and may be permitted, at the discretion of the C.F.O. or designee, to defer payment of fees. All deferred agreements will be evidenced by a signed promissory note, a copy of which shall be presented to the cashier at the time of the initial payment. Failure to comply with the terms of the deferred agreement may result in the following actions:

• All grade reports will be retained by the College.
• The student will not receive a transcript.
• The student will not be permitted to register for a subsequent semester until all financial
  obligations are paid in full.
• All future deferred payment privileges may be revoked.
• Cannot take final exams.

Once a student's records have been retained for nonpayment of fees, reinstatement will require submission of a $50 administrative charge. Should it become necessary to employ the services of a collection agency, all collection costs will be added to the outstanding obligation.

Failure to Pay

If payment is not made on time, the College can require immediate payment of the entire balance, including late payment charges. The College will refer the account to an outside collection agency and report the status of the account to a credit reporting service. If the account is placed in the hands of an attorney and/or collection agency, collection and court costs will be added to your account

Returned Bank/Credit Card Payments

If any credit or bank card payment tendered to the College is returned unpaid by the bank, the amount of the credit or bank card payment, plus a reasonable returned check or bank card payment fee of $45.00 will be assessed and added to your account.

Account Termination/Suspension

The College has the right without prior notice, to stop or suspend the extension of credit and to withhold services and registration for classes and workshops if required minimum monthly payments per promissory note are not made on time.

Credit Limits

The College will establish a credit limit on the account and may raise or lower that limit at any time without prior notice.

Grades and Transcripts

The College has the option of withholding grade reports, transcripts, and other certificates and certifications if an account is in a delinquent status.

Changes in the Terms

The College may change the terms of this agreement at any time. Notice will be made in advance of any such changes, as required by law. Any changes will be applied to any existing account balance and to future charges.

Credit Reports

The College may obtain information about students from credit reporting agencies and other creditors as permitted by law. Credit information obtained will be used in the College's own credit operation and for forwarding information about students’ accounts to other credit reporting agencies and to other creditors.

Omit - Delinquent Accounts Process

During the course of the semester or year, students may incur additional fees, fines, or assessments that must be paid in full at the time they are billed. When an account becomes delinquent, the following steps are taken:
The student must sign a promissory note.
If two promissory note payments are missed, a financial hold is placed on student’s account.
Internal collection process begins: student is sent warning letters.
If letters are ignored, The student is barred from registration for a subsequent term, and the student’s account is referred to a collection agency.

Enrolled Students

Pre-registration occurs approximately at midterm for the following term. Students with outstanding balances will receive a letter advising them that registration for the following term is conditional.
The letter also reviews financial aid procedures and offers assistance to students needing special arrangements. If the college does not receive full payment of the outstanding balance by the end of the term (a specific date is given) or have a promissory note on file, it will cancel the pre-registration for the following term. A student paying in full after the cancellation would have to re-register, risking closed classes.

Frequently Asked Questions

Q - WHAT TYPE OF PAYMENTS DO YOU ACCEPT?

A - CASH, MONEY ORDERS, CASHIER CHECKS AND CREDIT CARDS. SORRY NO PERSONAL CHECKS.

Q - DO YOU ACCEPT TUITION REIMBURSEMENT?

A - YES, WE WOULD PREFER FOR THE STUDENT TO GET AN APPLICATION AND BRING IT TO THE SCHOOL AND LET THE SCHOOL BILL THE COMPANY FOR THEM.

Q - DO I HAVE TO BRING MY PAYMENTS INTO THE OFFICE?

A - IF YOU CAN'T MAKE IT INTO THE OFFICE DURING OFFICE HOURS, YOU CAN MAIL YOUR PAYMENTS IN JUST ATTENTION TO BUSINESS OFFICE.