Payment, Financial Aid and Credit Policies
The cost of tuition, fees, room, and/or board is due and payable to the college on the first day of classes for the term the student is enrolled. Students who defer payment of college costs beyond the first day of the term will be expected to select a payment plan on the Student Accounts page on my.lakeland.edu. Regardless of which type of payment method students choose, students must electronically sign a Lakeland College Disclosure Agreement as part of the registration process.
Balances owed to the college must be paid in accordance with the payment plan terms. 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.
Lakeland College financial aid will be credited to the student account and will show on their billing statements. Students must apply for institutional, state, and federal financial aid. These aid amounts will be credited to their accounts only after all application papers and any applicable loan promissory notes have been completed. Students are responsible to the college 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 college 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 College should address those appeals to the Manager of Student Accounts.
Tuition, Fees, Room and Board Payment Options
Account balances must be paid in full before the start of a subsequent semester. The following options are available for payment of tuition, fees, and room and board charges due to the college:
- Payment in Full - by date published on your student invoice.
- Interest Free Tuition Payment Plan - For a small annual fee, this convenient option allows a student to spread all or part of his/her annual educational expenses over eight to ten monthly payments without any interest charges. Information on this plan is available from Tuition Management Service (TMS) at 888-713-7234 or at www.afford.com.
- Lakeland College Payment Plan - This installment plan provides the opportunity for three payments due each term. The first installment will be due the first day of the term. The two remaining installments will be determined each term. Balances will have to be paid in order to register for courses in future terms. Students will incur finance charges on any balance after thirty days of billing. The finance charge of 1.5% per month will be applied after the first payment each term.
- PLUS Loan - This federally sponsored loan program allows parents to borrow money for their child’s educational costs. Information is available in the Office of Financial Aid and through Lakeland College’s website.
- Alternative Loans/Bank Sponsored Loans - The student borrower often needs a co-signer. Information is available in the Office of Financial Aid or through Lakeland College’s website.
International students are required to have their tuition, fees, room and board paid in full by the first day of the term.
Book Charges
Credit memos charged to a student’s Lakeland College account for purchase or rental of college textbooks at the Lakeland Campus Shop will available approximately 30 days prior to the beginning of the term if there is an anticipated credit balance in the student’s account. The book credit can be printed from the Student Accounts page on my.lakeland.edu. Students with funding from outside sources need to contact the Manager of Student Accounts 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 and any balance on fines or other fees must be paid prior to registration for the following semester. All miscellaneous account balances must be paid in full before students will be eligible to enroll in classes in the following term.
Health Insurance Policy
Lakeland College requires students to carry health insurance while attending Lakeland. Individual or parental plans will qualify for this insurance requirement. It is strongly recommended that students and families work with their insurance provider to assure appropriate coverage, especially when students are attending from out of state. Students who do not provide evidence of insurance by the start of each term will automatically be enrolled in the Lakeland College Student Health Insurance plan and applicable fees added to their student account. Information regarding Lakeland College Student Health Insurance plans may be obtained from my.lakeland.edu. Students with additional questions are encouraged to contact health services.
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 College students. Enrollment in this 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 college, 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.
Note: All students participating in intercollegiate athletics are required to have effective health insurance coverage before their first day of Lakeland athletic practice. Students with questions about intercollegiate athletic coverage are encouraged to contact the Athletic Department.
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