Policy
4313
STUDENT FINANCIAL OBLIGATIONS
I. PURPOSE
The purpose of this policy is to establish a standard of student financial responsibility for financial obligations to Longwood University.
II. POLICY
It is the policy of the University for students to be
responsible for
promptly settling their financial obligations to the institution.
A. Student Financial Obligations: These obligations may include, but are not limited to:
1. Tuition and Fees/Room and Board
2. Parking Fines and Fees
3. Residence Hall Damage Assessments
4. Library Fines
5. Personal checks or credit card payments returned unpaid by the bank
6. Telecommunications Charges
7. Non-returned equipment or materials
8. Other outstanding financial obligations
B. Cancellation Policy for Unpaid Student Accounts: Any student account with an unpaid balance not secured by a payment plan and/or financial aid will be subject to cancellation of course schedules. If a student is administratively withdrawn for non-payment of tuition and fees, the student will continue to owe Longwood according to the section titled Refunds and Charges in the Longwood Catalog. If a student is administratively withdrawn for non-payment of tuition and fees, and wishes to be reinstated, he/she must pay a reinstatement fee of fifty (50) dollars in addition to any outstanding charges. Arrangements must be made with the Office of Registration and professors to authorize reinstatement, and payment in full, must be made to the Office of Cashiering.
No official transcripts or diplomas will be released and blocks will be placed on all future registrations until all financial obligations to the institution have been paid or secured to the satisfaction of the University.B. Sanctions: Students failing to satisfy their financial obligations are subject to having a hold placed on their student records. This hold will restrict the student from registering for a subsequent semester, adjusting the course schedule, receiving a diploma, and having official transcripts furnished. No official transcripts or diplomas will be released and blocks will be placed on all future registrations until all financial obligations to the institution have been paid or secured to the satisfaction of the University.
C. For information on the University's policy on Unpaid Student Accounts, please reference Board of Visitors Policy 4315.
III. PROCEDURE
The State Comptroller promulgates procedures for the collection of all
Commonwealth receivables. The Director of Cashiering and Student Accounts (CSA)
is
responsible for assisting departments in administering these procedures.
Specific procedures and departmental responsibilities may be obtained from the
Director of CSA.
Approved by the Board of Visitors, September 7, 2002.
Revised and approved by the Board of Visitors, December 10, 2005.