University Bursar - Why do I have a financial hold on my student account?
University Bursar will place a financial hold on your student account that will prevent registration if:
- You have a past due balance over $1,500.
- You need to rebalance your UI-Pay Payment Plan.
- Your account is in Collections. To be eligible for registration, students with a Bursar Collections hold must pay their full account balance.
Once payment is received for the past due balance, the hold will automatically be removed within approximately 30 minutes. Past due balances are subject to a late payment charge of $1.00 or 1.5%, whichever is greater, per month until your student account is paid in full. Account balances 60 days or more past due will be assessed a past due charge of $2.00 per month in addition to the late payment charge. Accounts placed in collections are charged a $42.00 administrative collection fee.
See Also
- University Bursar - Why hasn't my financial aid posted to my student account?
- University Bursar - What happens if I don't pay my bill by the due date?
- University Bursar - Why do I have a campus-based loan hold on my account?
- University Bursar - Can I enroll in classes if my account is in collections?
- University Bursar - Who should I contact with my financial questions?