Student Financial Services (SFS) provides you with three options to meet your financial obligations:

Option A: Pay in Full. Default option; everyone is automatically enrolled in this option.

Option B: Combined-Installment Plan. Must apply by August 1, 2008; good for the full year.

Regardless of the option chosen, you are responsible for the billed amount due each month.

Option A: Pay in Full

You may meet your financial obligation each quarter by paying in full (less any financial aid*) on the following quarterly payment due dates. If payment in full is not received by these dates, the account will be subject to late fees and registration/transcript holds (please see Late Charges and Payments). No need to let us know if you are choosing this option.

Autumn Quarter: October 10, 2008

Winter Quarter: January 12, 2009

Option B: Combined Installment Plans

Students who would like to enroll in a payment plan for the entire academic year (Autumn, Winter, and Spring quarters), and wish to pay one annual application fee, may choose this payment option. This plan will divide estimated costs (less any financial aid*) into three payments per quarter, for a total of nine payments for the year. SFS will provide a payment plan schedule each quarter that will notify you of your estimated payments.**

In order to participate in this plan, you must return a completed application along with?an $80 application fee to SFS by August 1, 2008 (a new application and fee must be submitted each academic year). If payments are not received by the following dates, the account will be subject to late fees and registration/transcript holds (see Late Charges and Payments). See www.spu.edu/sfs for more details and applications.

2008–09 Academic Year

Option C: Three Installment Plan

Students who would like to enroll in a payment plan on a quarter-by-quarter basis may choose to use this payment option. Typically students who do not plan to be enrolled the entire academic year choose this option. If you choose this agreement with SPU, your total estimated charges (less any financial aid*) will be divided into three payments per quarter. SFS will provide a payment plan schedule that will notify you of your estimated payments.**

To participate in this plan, you must return a completed application along with a $40 application fee each quarter to SFS according to the following schedule. If payments are not received by these dates, the account will be subject to late fees and registration/transcript holds (see Late Charges and Payments). Please visit www.spu.edu/sfs for more details and applications.

Did you know that all students are enrolled in Option A: Pay in Full unless they elect to apply for Options B or C? Please read “Payments & Billing” to find out more about SPU payment options.

* Financial aid includes SPU scholarships, grants, federal grants and scholarships, state grants and scholarships, outside scholarships, student loans, and parent PLUS loans. Work study cannot be used in the calculation of payments.

** If financial aid and/or account charges change after enrollment in the payment plan, the estimated payment will change. Consult your monthly electronic statements for actual payment amounts due.

Employer Reimbursement Program and Third-Party Billing

If your tuition is reimbursed by your employer or a third party (such as an embassy or government agency), you may be eligible for the Employer Reimbursement program.

Documentation confirming enrollment in an employer reimbursement program is required annually and allows tuition deferment up to approximately 30 days after the quarter ends. If a third party is involved, the University will bill the third party directly, provided SFS has been given the appropriate documents, such as purchase order, official authorization, etc. All other fees and charges are due when billed.

If you participate in the Boeing Tuition Voucher program, your eligibility is subject to approval by the Boeing Company. Until SFS receives an approved voucher from the Boeing Company for participation in its Third-Party Billing program, you will receive monthly account statements and be responsible for all charges.

Once the process has been completed, the approved tuition and fees will be paid on your student account. You will continue to receive monthly statements if you incur charges not covered by Boeing. For more information about this program, contact SFS.

Late Charges and Payments

If the billed statement balance is not paid each month, your account will be considered past due and the following penalties will apply:

• A late fee of 1.25 percent of the owing balance will be assessed after the payment due date.
• You will not be able to register for future quarters or obtain official transcripts until your account is in good standing.
• If you were in Option B or C payment plan, you will be removed from the plan.
• Severely past due accounts may be referred to a collection agency. You will be responsible for collection costs in addition to the amount due SPU.

Refunds and Account Adjustments

If you decide to add or drop courses, withdraw from school, or delete other contracted services, an official change of registration must be processed.

This may be handled by filing the change of registration form in Student Academic Services or on the SPU home page using the Banner Information System. If you plan to withdraw from University housing (i.e., cancel the room and meal plan contract), proper notification must also be provided to University Services. If you do not provide proper written notification to the University or through Banner, financial obligations will remain binding, regardless of whether you attended classes or whether or not any of the contracted services were utilized.

Refunds or additional charges for courses are posted to your account when the official change of registration form is received and processed or the transaction is completed using Banner according to SPU’s refund schedule. Charges for added courses are made at the full quarter’s rate, regardless of when the course is added.

Deadlines to withdraw from housing and have your deposit returned are as follows:

New students, if your first quarter is

• Autumn: June 30, 2008
• Winter: December 12, 2008
• Spring: March 20, 2009

Students who were in campus housing the prior quarter

• Autumn: no refund available
• Winter: December 1, 2008
• Spring: March 6, 2009

In the event that enrollment or housing changes result in a refund, tuition or housing charges will be refunded according to the schedules found in the SPU Online Undergraduate Catalog. All refunds, including overpayments, will be remitted to the student and are subject to federal, state, institutional, or private-donor requirements and regulations. If there is an owing balance on your account, the refund will first be applied to the owing balance.

Credit Balances

If your financial aid exceeds your charges, you are eligible for a credit balance refund. Credit balances are delivered either by mail or direct deposit. You may sign up for direct deposit or check your addresses in Banner. We will send an email to your SPU account when your credit balance is released.