Financial Policies

This policy governs the extension of internal loans from the University’s working capital for the purpose of financing equipment acquisitions. The objectives of the EPLP include the following: Provide a source of funding for equipment purchases which the school or center cannot self-fund. Provide bridge funding for project gift pledges maturing in five years or less. Promote efficient working capital management by generating a higher rate of return on University liquidity balances. Ensure that internal equipment loans will not be authorized without the borrowing school or center submitting a fiscally responsible and achievable business plan in support of timely repayment.

This policy governs the extension of internal loans from the University’s working capital for the purpose of financing construction.

The billing of student tuition, fees and charges depends upon the proper and timely registration of students.

To establish responsibility and authority for the billing, collection and administration of student tuition, fees and other charges.

Students may be eligible for a full or partial refund of tuition, fees or financial assistance.

To identify those circumstances where deferments of tuition, fee and other charges may be granted to a student. Temporary credit may be issued to students awaiting receipt of external loans, financial aid, and other funds from external sources and faculty/staff benefits. Temporary credit within the Pennant Account Receivable system is designated as a 'memo' or an 'authorization'.

To encourage timely payment of student tuition, fees and other charges.

To ensure that certification of loan eligibility from all external Federal, State and private loan programs is performed in compliance with all applicable governing regulations. Also, to ensure that all loan disbursements from external sources are recorded in the applicable University system(s) and credited to student tuition accounts according to loan program requirements.

To receive reimbursement for a returned payment.