Sample Billing Statement

Explanation of Numbered Items on Sample Billing Statement

1. The academic year is divided into two billing periods – Fall Semester and Spring Semester. Bills are generated in the middle of each month. This section of the statement contains the Bill Date, Due Date, Previous Balance, Current Charges, Current Credits, and Amount Due.

2.  As per the Payment Agreement and Disclosure Statement, a finance charge will be applied monthly on any unpaid balance (see back of billing statement for further information on finance charges).

3. This section of the statement contains any activity that has occurred on the account during the previous month. You will find charges (tuition, room, board, etc.), payments, credits, and financial aid (loans, grants, etc.). Charges and credits on the account are listed in their respective columns. If your Amount Due appears in brackets, ex. $(500.00), you have a credit balance on your account and do not need to remit payment.

4. Authorized Financial Aid-If loans appear under this section, all steps to apply for these loans has been completed. Authorized Financial Aid has already been subtracted from the account.

5.  Memo Aid-Memo Items have not been subtracted from the balance due. You may subtract these amounts from the balance due provided you plan to complete the process to apply for these loans.

6.  This is the amount due on the account.  You may subtract Memo Items discussed in number 5 above if you complete the financial aid process for these loans. The remaining balance is subject to a finance charge per the Payment Agreement and Disclosure Statement.