Previous Page  25 / 41 Next Page
Information
Show Menu
Previous Page 25 / 41 Next Page
Page Background

www

.LRSC

.edu

LRSC

24

STUDENT FINANCE

TUITION AND FEES

Tuition and fee rates are established each July for the upcoming academic year. The 2015-

2016 rates can be found at:

http://www.lrsc.edu/paying-for-college/tuition-fees.

Some

programs or courses may have additional fees.

All tuition, fees, room and board are payable in full on September 9, 2015 for fall semester

and January 26, 2016 for spring semester. Registrations will be cancelled if payment is not

received by the 12

th

day of classes unless arrangements have been made with the Business

Office.

Students can check their bill and make credit card payments in Campus Connection.

LATE FEES

Tuition and fees are due 12 days after a class begins. LRSC will assess a late fee on balances

more than 30 days past due. Students with a past due balance will be charged a late fee of

1.75% To avoid a late fee you can:

a. Pay the balance due on your account prior to the due date.

b. Keep your payments current for those that are on a approved payment plan. If the

payments on your payment plan are late you will be charged a late fee.

REFUND/REPAYMENT PROCEDURES

LRSC POLICY AND PROCEUDRE MANUAL SECTION 400.08

01. The Registrar, located in Student Services, enters “Percent of Refund” on individual

student accounts when an Add/Drop form is received from the student. The “Percent

of Refund” is to be based upon current North Dakota University System guidelines as

adopted by Lake Region State College.

02. Add/Drops will be forwarded by the Registrar to the Business Office on a daily basis.

03. The Business Office will review a listing of “student accounts” to be run as needed. A

separate listing of student accounts with credit balances” may also be run.

04. The Business Office will review each student account with the Financial Aid Director to

determine the extent, if any, of financial aid involvement in the account.

05. The Business Office with the Financial Aid Director will determine:

a. Amount, if any, to be repaid to Financial Aid.

b. Amount, if any, to be refunded to third parties.

c. Amount, if any, to be refunded to the student.

06. The Business Office will initiate the appropriate refund and the appropriate billing to

students for any required repayments.

STANDARDS OF SATISFACTORY ACADEMIC PROGRESS

In order to receive Federal Financial Aid, students must meet certain academic requirements

called Standards of Satisfactory Academic Progress (SAP). LRSC is required by federal

and state regulations to determine whether a student is meeting SAP requirements. SAP

evaluations apply to all terms, including summer, and to all students (both aid and non-aid

recipients).

All credits, including transfer credits, will be used in calculating quantitative components