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![]() Course CatalogAppendix E - Financial Policies/Procedures SummaryAcademic Year 2006-2007 Summary of Costs
Tuition Refund Policy
Payment CollectionPayment in full or defined payment plan arrangements are due by the end of the first week of classes. Payment in Full options: cash, personal or cashier's check, money order, VISA, MasterCard, Discover Payment Plan Arrangement options:
Accounts not paid in full by the end of the semester will be in delinquent status and subject to collection efforts, including restriction from registering for future semesters as well as grades, transcripts and diplomas being withheld until the debt is satisfied. Please note accounts are also put on hold for delinquent library fines owed to UAA since the Consortium Library is jointly owned by APU and UAA. Interest at the legal rate of 10.5% per annum shall begin to accrue on the overdue amount. The student is liable for all costs of collection, including reasonable attorney fees which may include a contingent fee of as much as 35% of balance due. After two official notifications of delinquent status are sent, giving the student an additional 25 days to resolve the payment issues, accounts without appropriate responses are turned over to a Collection Agency. Payment Options - Students may pay their account balance with cash, personal check, money order, cashier's check, VISA, MasterCard, or Discover. Pay in Person: Student Financial Services Office, Grant Hall room #125 or Mail payments to: Credit Card payments: Call 1-800-252-7528 and ask for Student Financial Services Office or in Anchorage call 564-8341 Financial AidIf you have expected financial aid, all paperwork should be filled out and submitted well in advance of the beginning of the semester. To receive financial aid checks you must have a valid picture ID. If you are receiving scholarships, a copy of the letter/letters stating the amount awarded must be submitted to the Student Financial Services when making payment arrangements. Any remaining balance after expected financial aid is determined, is due the first week of classes. Please contact the Student Financial Services Office for any questions - 907-564-8341 or sfs@alaskapacific.edu. Tuition Management Systems Interest-Free Monthly Payment Plan: Mail payments directly to TMS for processing: Payments not received by the due date will be assessed a late fee by TMS. Employer Reimbursements
Emergency Student Loan If a student has Financial Aid forthcoming, the student may borrow up to $1,000 against the pending aid (provided expected tuition and fees will still be covered once aid is received). If a student has already been disbursed the financial aid, or does not have financial aid forthcoming, a student may borrow up to $350. The application process begins with the Dean of Students Office. Special Consideration of Financial Policy It is important to note that although a student may have been granted a Request for Special Consideration of Academic Policy or In- Progress, etc., a separate Request for Special Consideration of Financial Policy is required to address waiver of any tuition and fees still due. Instructors, Academic Advisors, etc., may make a recommendation regarding waiver of fees associated with waiver of academic policy or in-progress work; however, the applicable financial policy must be addressed separately. These forms are initiated in the Business Office. Contact the Student Financial Services Office with any payment questions at 907-564-8341, toll free 1-800-252-7528 and ask for the Student Financial Services office or by email: sfs@alaskapacific.edu. |
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