1908 - Financial Hold/Collection Hold

Document purpose

Financial hold to assist in the collection of past due amounts.

effective

March 2006

revised

May 2025

Reviewed

May 2025

Responsible Office

Student Registration & Financial Services

Approval

Student Registration & Financial Services

Subject

Tuition, Fees and Other Student Charges

The Policy

  1. A financial hold will be placed on any student account with a past-due balance of $1,000 or more.

  2. Students on financial hold cannot register for future academic terms or make changes to their existing registration, including dropping or swapping courses, and are subject to a monthly late payment penalty of 1.5% on all past-due balances.

  3. Effective February 1, 2023, students on financial hold may still access academic transcripts and view grades, but registration restrictions remain in place.

  4. Students with past-due balances of $500 or more who are not currently enrolled will have their accounts referred to the University’s third-party vendor, Recovery Select.

  5. The Student Fund Recovery Team will manage and bill accounts with balances under $500.

    • Please note: An administrative fee will be added to the student’s balance at the time of transfer to the Student Fund Recovery Team.
  6. The schedule for collection transfers is determined by the Associate Vice President for Student Registration and Financial Services.

  7. A graduation hold will be placed on any student account with a balance of $200 or more, which will prevent the release of the student’s diploma