Payment, Financial Aid and Credit Policies
All students are required to electronically sign a Lakeland University Disclosure Agreement as part of the registration process. If the student is under 18 years of age, all documents will need to be printed and also signed by their parent or guardian.
The cost of tuition, fees, room, and/or board 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.
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 If payment is not received in accordance with the terms of the payment plan, a student may be administratively withdrawn from the university.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 the following academic term. Flight students with a deficit balance in their flight account will not be able participate in flight instruction until their account is replenished.
Financial aid will be credited to the student’s account and listed on invoices and statements. Students must apply for institutional, state, and federal financial aid and loans. These aid types will only be credited to a student’s account if all application forms are completed, signed and all required documents received. 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 may be incurred if these procedures are not completed on time.
The general policies outlined in this section include the 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 of costs owed to Lakeland University should address those appeals to the Bursar.
Tuition, Fees, Room and Board Payment Options
The following options are available for payment of tuition, fees, and room and board charges due to the university:
- Payment in Full - Prior to the first day of class.
- Lakeland University 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 option 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.
- PLUS Loan - This federally-sponsored loan program allows parents to borrow money for their child’s educational costs. Information is available in the Financial Aid and Educational Funding Office and through Lakeland University’s website.
- Alternative Loans/Bank Sponsored Loans - The student borrower often needs a co-signer. Information is available in the Financial Aid and Educational Funding Office or through Lakeland University’s website.
Unpaid account balances may result in administrative withdrawal from the University and will result in the inability to register for subsequent 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 and Educational Funding 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, fees, room and board 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
Lakeland University requires all traditional undergraduate program students to carry health insurance while attending Lakeland. If a student is enrolled through an individual or parent plan, it is strongly recommended that the student and family works with their insurance provider to ensure coverage is appropriate. This is especially important for students attending from out-of-state. Students who do not proved a hard waiver of insurance will be automatically enrolled in Lakeland University’s student health insurance plan.
Information regarding the Student Health Insurance plans may be obtained from my.lakeland.edu. Students with additional questions are encouraged to contact Human Resources.
Health Insurance Policy for International Students
It is mandatory for all international students to register and pay for health insurance for the entire period of their stay in the United States as Lakeland University students. The plan begins August 1 and runs through July 31 of the following year. 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 should contact the International and Administrative Specialist in the Registrar’s Office for additional information.
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