Student Accounts Information Payment of Bills Students are responsible for full payment of their tuition balance, minus pending financial aid, approximately two weeks prior to the start of classes. SVC recognizes that the parent(s) may also be involved with this process and might have questions regarding the bill. If this is the case, SVC encourages students to communicate with their parent(s) regarding the status of their student account. The “balance due” can be calculated by taking the student account invoice and deducting the “pending financial aid” from his or her financial obligation worksheet. The student may contact the Student Accounts Office at anytime for a calculation of his or her balance due. Forms of Payment Payments can be made online with a credit card by visiting the Student Accounts Web page at www.svc.edu/ studentaccounts. SVC also accepts payment in the form of a check or money order that can be mailed to the Student Accounts Office. Cash payments can be made in the Business Office at any time. SVC does recognize that full payment due at the beginning of each semester may present a problem, so the College has formed a relationship with Tuition Management Systems (TMS) to provide a monthly tuition payment plan. Students may set up a payment plan by contacting TMS directly at 1-800-356-8329 or www.afford.com. An enrollment fee is mandatory to open a payment plan; how-
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ever, it is a one-time fee for the year, and the plan will not accrue interest. It is the student's responsibility to make sure that the payment plan contract matches the amount owed to Southern Vermont College. If at any time the payment plan is not up to date or in default, the student's account will be placed on transcript and registration holds until the account has been brought into a current status. Students are encouraged to contact the Student Accounts Office any time if a recalculation of the balance due is needed. Students are responsible to settle any balances that remain on their student account after their payment plan through TMS has ended. Unpaid Balances Students with unpaid balances will not receive grades, transcripts, diplomas, or be allowed to enroll in future classes at Southern Vermont College. Unpaid balances will result in transcript and registration holds until the balances are paid in full. Financial Aid and the Student Account The student's Financial Obligation Worksheet will reflect his or her financial aid eligibility only after he or she has signed and returned his or her award letter. Pending financial aid will then appear under the "anticipated credits" section of the student's obligation worksheet and will reduce the amount the student will be expected to pay. The "Anticipated Balance" line indicates what the student can expect to pay out of pocket.
Southern Vermont College Catalogue 2012-2014