Financial Obligations

Payment for all financial obligations each semester is required by the stated payment due date of the semester (for classes taken for credit) or two weeks prior to the start of class (for certificate courses). Bills are mailed to students approximately one month prior to the start of the semester; however, failure to receive a billing statement does not exempt any student from the obligation to make payment by the stated due date.

Payment in full, or other satisfactorily completed financial arrangements must be made before a student may attend classes. For financial arrangements to be considered complete, any and all loans, scholarships and other awards necessary for full payment, must be approved. For these arrangements to be considered complete, the College must receive payment in full for any remaining balance on the account after financial aid is applied. It is the student’s responsibility to ascertain this amount even if financial aid credit is not yet applied to his or her bill. An alternative to full payment is the Deferred Payment Plan. For details, see the description in the following pages under Deferred Payment Note or contact the Mercy College Business Office.

Failure to make payment in full or satisfactory financial arrangements by the stated due date for a semester will result in a late payment charge. After a two-week grace period from the due date, any student who has not fulfilled his or her financial obligations will be dropped from classes. For certificate courses, the grace period is one week. To be reinstated, a student must satisfy the obligations in full and pay the required reinstatement and late fees within the time frame allotted. Registration for succeeding semesters will be prohibited until satisfactory settlement arrangements are made.

For certificate courses, payment in full is due two weeks prior to the start of class. A student will only be considered registered when payment has been made. Space will not be held for students who have not made payment.

Due Dates
Please consult the College calendar in the front of this catalog.

Payment of Funds
Mercy College accepts cash, checks, money orders and electronic wires as well as certain credit and debit card payments. Credit and debit cards accepted include VISA, MasterCard and Discover. Payment by credit and debit card may be made in person, by telephone, online or by mail. When paying by check, the Mercy College Business Office encourages students to either pay several days early in person or by mail, to avoid lines and lengthy delays. It is the student’s responsibility when paying with currency to obtain a numbered receipt.

Collection
In the event that student develops a past due balance for the semester after having been authorized to attend classes, a hold will occur and the student will be unable to obtain grades and transcripts or register for classes until the hold is lifted. An attempt will be made to collect the balance due. If it is not paid in full the students account will be sent for collection. A student who is not in "good standing" with the college is not permitted to register for and attend classes.