Policy Manual

The assistance of collection agencies and attorneys may be necessary to ensure repayment of amounts due the University.

To ensure the timely collection of student loan receivable balances.

To establish authority and responsibility for administering, disbursing and collecting student financial aid advances.

To assist students in financing their cost of education.

To ensure selection and use of the most cost-effective debt financing to meet current operation and capital project needs.

A constant monitoring of the University’s debt capacity is essential for good financial management.

The use of debt may be used for operating capital needs.

Debt financing may be required in support of capital projects.

Secured and unsecured lines of credit may be established as a contingency to meet operating cash requirements.

Bank letters of credit may be required, or preferred, in support of University activities.