Payment, Financial Aid and Credit Policies
The cost of tuition and fees is due and payable to the university in full on the first day of classes for the term in which the student is enrolled. Domestic students who wish to pay university charges due in increments will be expected to select a payment plan on the Student Accounts pages on my.lakeland.edu. Regardless of which type of payment method students choose, students are required to electronically sign a Lakeland University Disclosure Agreement as part of the registration process. Due to federal regulations with the Truth in Lending Act, all students must sign a disclosure statement each term unless they are paying in full at the time of registration and are not applying for federal financial aid or participating in a payment plan. Failure to submit a disclosure form before the end of the third week of the term may result in the loss of access to Blackboard.
Balances owed to the university shall be paid in accordance with the payment plan terms selected. If payment is not received in accordance with the terms of the payment plan, a student may be administratively withdrawn from the university. Students with unpaid balances will not be allowed to enroll in future courses.
All financial aid accepted by the student as outlined in the financial aid award letter will be applied to the student’s account. Students are responsible to the university for all balances due, including those created by the late or incomplete submission of financial aid application forms. Finance charges shall accrue due to late or incomplete submissions of financial aid forms and requests for documentation or delayed verifications.
The general policies outlined in this section include types of credit that may be advanced and the deadlines for repayment to the university or other agencies. Students who believe they have grounds for appeal in any area dealing with the billing and payment costs owed to Lakeland University should address those appeals to the Bursar.
Tuition and Fees Payment Options
- Payment in Full: Prior to the first day of class.
- Extended Payment Plan: Students may split payment of charges into three payments. Information regarding this plan is available on the Student Accounts page on my.lakeland.edu and from the Bursar’s Office. Finance charges may apply.
- Interest Free Tuition Payment Plan: For a small annual fee, this options allows a student to spread all or part of his/her annual educational expenses over several months without interest charges. Contact the Bursar’s Office for more information.
- Military Benefits: A student who qualifies for military benefits, verified by the Veterans Coordinator, will be allowed to carry his/her balance until the last day of the term without accruing finance charges.
- Employer Reimbursement: A student whose employer reimburses tuition expenses is allowed to carry his/her balance for 45 days following the end of the academic term. If a student wishes to participate in this option, a student must submit an application for Employer Reimbursement with employment verification to the Bursar’s Office. The fee to participate in this option shall be sent with the application. The fee is $50.00 for the first class, $90.00 for two classes, and $120.00 for three classes. During the term, and the 45 days following the term, Lakeland University will not charge any finance charges.
- Alternative Loans/Bank Sponsored Loans: The student borrowed often needs a co-signer. Information is available in the Office of Financial Aid or through Lakeland University’s website.
Unpaid account balances may result in administrative withdrawal from the University and shall result in the inability to register for subsequent courses and/or terms. Student account balances must be paid in full prior to the start of a subsequent semester. Any student incurring financial difficulties is encouraged to meet with Lakeland University’s Financial Aid Office or Bursar’s Office.
International students are required to have their tuition, fees, room and board paid in full by the first day of the term.
Book Charges
Students who have an anticipated credit balance after tuition and fees are satisfied may use the balance to purchase or rent textbooks at the Lakeland Campus Shop. Book credit forms may be printed from the Student Accounts page on my.lakeland.edu. Students with funding from outside sources need to contact the Bursar to have the outside funding applied to their student account.
Miscellaneous Charges and Balances
Fines and other miscellaneous charges shall be paid within 30 days of date incurred. All account balances must be paid in full before students will be eligible to enroll in classes in the following term.
Health Insurance Policy for International Students
It is mandatory for all international students to be full time students and register and pay for health insurance for the entire period of their stay in the United States as Lakeland University students. Lakeland University’s health insurance plan covers the period from August 1 and runs through July 31 of the following year. All international students are required to participate in the health insurance plan. The policy must be renewed each year. Upon graduation or withdrawal from the university, a student may request a refund, through the Business Office, of partial year costs. International Students consult the university’s website regarding the plan’s details and enrollment.
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