SFU Graduate Overdue Accounts and Dishonoured Payments

By | January 28, 2017

SFU Graduate Overdue Accounts and Dishonoured Payments

Simon Fraser University Graduate Overdue Accounts and Dishonoured Payments

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Students with overdue accounts will be considered to be in bad financial standing and will be precluded from enrolling in subsequent terms. In addition, the University will withhold certain services, including but not limited to the release of various letters and documents such as official transcripts of academic record and parchments for degrees, diplomas and certificates. An account that is delinquent without approved resolution will be forwarded to a collection agency for appropriate action.

A student who presents payment in the form of a cheque that is subsequently returned by the student’s Letters of Permission financial institution for lack of sufficient funds or because a stop payment has been placed on that cheque will be assessed a penalty fee of $25. In the event that a student on more than one occasion submits a cheque that is dishonoured for any reason, the University reserves the right to require all future financial transactions with the University to be by cash, certified cheque or money order. The University may cancel a student’s enrollment in a term when payments made by the student are subsequently dishonoured by the student’s financial institution. Late payment fees will apply.

Students with overdue accounts will be assessed a late fee penalty on outstanding fees. 2% will be assessed each month on the outstanding balance, regardless of any pending scholarships, bursaries, awards, tuition waivers and school associate certificates. Total penalties will be adjusted to conform to Canadian laws and regulations when the final payment is made.

Full Time and Part Time Attendance

All graduate students in per term fee programs are considered full time students.

All graduate students enrolled for thesis, project or field exams are considered full time students.

Graduate students in per unit fee programs who enrol for six or more units in a term are considered full time students.