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THE BILLING AND PAYMENT PROCESS
UNDERSTANDING YOUR BILL


Billed Balance
Your billed balance is the balance that the University will require you to pay. If you have anticipated financial aid, this is the amount owed on your student account that is not covered by financial aid. If the minimum payment on your statement is less than the billed balance amount, you may choose to utilize the installment program the University offers you. If you elect to take advantage of the monthly payment plan any unpaid billed balance will be subject to a monthly 1% finance charge. Otherwise the billed balance is the amount you owe the University by the due date on your monthly billing statement.


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Updated December 15, 2006