2017-18_Student_Handbook - page 156

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.Lives.
STUDENT HANDBOOK
155
STUDENT FINANCE
TUITION AND FEES
Tuition and fee rates are established each July for the upcoming academic year. The 2016-
2017 rates can be found at:
. Some
programs or courses may have additional fees.
All tuition, fees, room and board are payable in full on September 7, 2016 for fall semester
and January 25, 2017 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).
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