Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

REGENTS’ POLICY MANUALSECTION 4—FINANCE AND MANAGEMENT4.5—OBLIGATION AND COLLECTION OFSTUDENT FEES AND CHARGESTuition and fees and other fees for special educational services are due prior to the first day of class.The University’s administration shall establish and publish a deadline when tuition and fees are payable,after which the payment may be subject to a service/late payment charge.4.5.1—ADD/DROP PERIODChanges of schedule may be made during the first two weeks of a regular semester and the first weekof a summer term with appropriate charges and charge removals.4.5.2—LATE PAYMENTLate payment will require payment in full and will be subject to a service/late payment charge in anamount determined and published by the University.The following procedures modify and clarify existing practices of the University governing financialobligations incurred by students, including both initial payments and delinquent debts. These proceduresmay be categorized as:• Obligation and collection of tuition and fees• Obligation and payment of other charges and fees• Insufficient funds checks• Delinquent housing paymentsOBLIGATION AND COLLECTION OF TUITION AND FEES1) A financial obligation is incurred at the time a student elects to register. Registrationmay be canceled without financial obligation at any time before the scheduled firstday of classes or during the first two weeks of a regular semester or first week of asummer term.2) Students may pay fees in the Bursar’s Office beginning one week prior to the firstday of the fall or spring semester or the first day of the summer term. Monthlystatements will be prepared and mailed prior to the fee payment deadline. Failure toreceive a statement will not exempt a student from late penalties. It is the student’sresponsibility to determine his or her financial obligation and how it is to be met.THE UNIVERSITY OF OKLAHOMA 230