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School of Medicine and Dentistry

Late Charge

A late payment penalty of 1% per month will be assessed on the unpaid balance of all bills on their due date and every 15th of the month thereafter until payment is made in full. The Late Charge will be calculated on the amount derived by subtracting from total charges all payments made or financial aid credits received by the 10th of the month, and anticipated credits which can be documented by the Financial Aid Office. Late charges may be waived upon written appeal to the Bursar if failure to pay is the result of an error in the Bursar's Office. Otherwise, there will be no waiver of late fees.

If past due amounts are not paid promptly, an additional administrative fee may be charged as follows:

Past Due Period    Administrative Fee
3 months    $ 500
6 months    $1000
9 months    $2000
Subsequent 3 month intervals    Most recent fee doubled