Tuesday, April 11, 2017

Penalties for Late Payment and Non-Payment

Financial Requirements for Registration

Although you register for classes through the Office of the Registrar, your eligibility to register for courses is be affected by your financial standing with the University.

All students who register for courses incur a financial obligation to the University. Returning students may not be permitted to register for a subsequent semester until all financial obligations are settled, including current semester fees, parking violations, library fines, medical charges, and other miscellaneous charges. In addition, if you become financially ineligible after completing registration, your registration is held subject to cancellation unless your account is settled by a prescribed date.

Students who owe a prior balance and participate in early registration are sent an email notification of their bill by the Bursar's Office before the start of classes. Payment is due in full by the early scheduled due date.

On the other hand, if you register for classes after the notices are sent, you must settle your bill in full immediately or your registration is subject to cancellation. If your registration is canceled you then must re-register and select from classes currently available.

Late Payment Fees/Finance Charges

If you participate in early registration for either the fall or spring semesters, the charges will appear on the bill(s) generated prior to the start of classes. An email is sent notifying you every time a bill is generated. This occurs in July and August for the fall semester, and in December and January for the spring semester, depending upon the date you register for classes. Payment in full must be received in the Cashier's Office by the due date or late fees will be assessed. In the event your account is not settled by the due date, we are required to assess your account with a late payment fee of $10.00 or 5% of the unpaid balance, whichever is higher. A finance charge of 1.5% will be added to the outstanding balance each month thereafter until your account is paid in full. For more information, visit: http://www.umd.edu/bursar/MonthlyBilling.html.

Subsequent monthly billing statements are generated anytime there is activity resulting in charges and/or credits to your account. This activity includes but is not limited to: payments, schedule adjustments, scholarships, parking tickets, library fines, etc. that are incurred during the course of the semester. Each monthly billing statement has a payment due date indicated on the bill, and a 1.5% finance charge of the unpaid balance will be assessed in the event payment in full is not received by the due date. To avoid late fees and finance charges, please be sure that your bill is always paid by the due date. For monthly due dates, please visit: http://www.umd.edu/bursar/t_billDueDates.html.

Note that parking violations should be paid directly to the Department of Campus Parking before they become overdue. Tickets left unpaid for 30 days will be assessed a late ticket payment fee of $10.00 per ticket and will then be posted to the student's account. All library fines are automatically posted to a student's account, usually within 5 to 8 business days of incurring the fine. No payments are accepted at the library. Health Center charges are also directly posted to a student's account. Payments are accepted at the Health Center for pharmacy items only.

Payments are received and processed by the Office of the Bursar daily. Late payment fees and finance charges resulting from late payments are not canceled. The University does not defer payment of bills on the basis of pending financial aid applications or Stafford loans. Under special circumstances, the Financial Services Center will consider removing the penalty fees on an individual basis after the original balance has been paid. If you feel your case merits special consideration, you may appeal the late fee or finance charge assessment by submitting it in writing (letter, email or fax). Please note: It is the student's responsibility to monitor his/her account and make payments by the appropriate due dates. Lack of knowledge is not a special circumstance.

Referral to Collection Agency

As an agency of the State of Maryland, the University is required by state law to refer delinquent accounts to the State Central Collection Unit (SCCU). At the time of referral, a minimum collection charge of 17% is added to the balance of the account, plus any additional attorney and/or court costs. In addition, SCCU is authorized by state law to intercept an individual's state income tax refund to apply toward an outstanding debt. Also note that the SCCU has the authority to post delinquent accounts to credit bureaus at the time the University refers the account to SCCU. Help us help you avoid this situation by insuring that your account is consistently settled in a timely manner.

If there are any questions about this information, please Contact Us.