New Tuition Policy Details

Effective — Fall Semester 2007

Brigham Young University has a new Tuition and Fees Policy which significantly changes payment due dates and the university’s response to late payment. Students, parents and providers of Off-Campus Scholarships are encouraged to read the following information carefully and make sure that they comply with the provisions of this new policy.

Significant provisions of the revised policy

    Tuition and fees are considered due and payable seven calendar days prior to the first day of class.

    Failure to pay by the due date will result in a hold being placed on the student’s account restricting their ability to add additional classes.

    The hold will not be placed if the student has financial aid (grants, loans, scholarships) sufficient to cover the cost of tuition and fees which have been awarded but have not yet been disbursed to the student’s account. This does not include scholarships or benefits from non-BYU entities (i.e., Off-Campus Scholarships)

    The final date to pay tuition will be 11:59pm of the Registration Add Deadline.

     If payment is not received by the final payment date, the student’s classes will automatically be deleted.

    The student’s classes will not be deleted if the student has financial aid (grants, loans, scholarships) sufficient to cover the cost of tuition and fees which have been awarded but have not yet been disbursed to the student’s account. This does not include scholarships or benefits from non-BYU entities (i.e., Off-Campus Scholarships).

    Once a student’s classes have been deleted the classes will not be reinstated for payments received after the payment deadline.     

     Because students’ classes are deleted for non-payment, the university will no longer charge a late payment fee.

    Short-Term loans will continue to be available to assist students with short-duration financing needs.

    Short-Term loans are due approximately three quarters of the way through the semester or term (for deadlines, see Short Term Loans), providing adequate time for the student to make long-term financial arrangements.

    Short-Term loans will continue to be subject to a $20 processing fee. The loans will continue to be interest free if paid by the due date. Loans not paid by the due date will bear interest based on prevailing rates (currently 12% per annum).

    The new policy will result in recipients of Short-Term loans immediately having a hold placed on their account restricting registration for future semesters/terms. The hold will not be released until the loan is paid in full. This could delay the student’s ability to take advantage of priority registration.

    The university will continue to charge pro-rata tuition charges for classes dropped which result in a change in enrollment status. In other words, a pro-rata tuition charge will be applied for dropped classes which result in a student moving from full-time to three-quarter time or three-quarter time to part-time or fewer hours within part-time status. However the process is simplified and more favorable to students. The charges do not begin until after the Add Deadline. Additionally, there are fewer payment tiers and the timing of the tiers will result in lower charges. The pro-rata charge applies to tuition and most class fees. Certain class fees relate to the delivery of required supplies or services and are not refundable.

 

More details on the reasons for the New Tuition Policy.