Financial Policies (Continued)
A finance charge will be imposed on each item of a student’s account which has not been paid by the 25’th of the month following the billing month. The FINANCE CHARGE is computed at a rate of one percent per month or an ANNUAL PERCENTAGE RATE of 12%.
The finance charge is computed by taking the previous month’s statement balance and subtracting any payments, deferred payments, credits, or financial aid received during the current month. The remaining balance owing, if any, is multiplied by one percent to obtain the periodic finance charge.
PLEASE NOTE: The University is in the process of considering charging a fee for those who pay their bill by credit card commencing Fall Quarter of 2014. The fee will likely range between 1% and 1.5% of the payment amount. Alternatively, WWU may decide to out-source credit card payments to a third party vendor who will charge a fee to accept credit card payments. Note: This fee only applies to credit card payments and will not be imposed on checks, cash, or online e-Check payments paid directly from a bank account.
RELEASE OF TRANSCRIPTS OR DIPLOMAS
By action of the Board of Trustees of the University, a diploma or transcript (official or unofficial) may not be released until the following criteria are met:
The student’s account is paid in full.
The student has paid off any short-term loan cosigned by WWU.
The student’s Nursing, Perkins, or institutional loans are current.
The student’s loan exit interviews are complete. (Diploma only).
To expedite the release of transcripts, diplomas, and other legal documents, a money order, credit card payment, or certified check should be sent to cover the balance of the student’s account. Requests for transcripts must be made in writing, signed by the student, and either faxed or mailed to the Office of Academic Records.
International students who are not citizens or permanent residents of the United States (except Canadian students) are asked to place a $8,000 (U.S.) deposit with the University before final acceptance can be given and the I-20 form, necessary to secure the U.S. Student visa, can be sent. International students on student visas are not eligible to fill out the FAFSA, do not qualify for the majority of loans and grants, and may only accept employment on campus. Spouses and children who are not students may not accept employment under any circumstances. To determine the ability of applicants to meet educational costs, the University requires them to submit a declaration of finances before final acceptance is given. This is done through the international student adviser. International students will be expected to use the Regular Payment Plan described in the WWU Financial Bulletin.
CHANGE IN EXPENSES
Because of fluctuations in the economy, the University Board of Trustees reserves the right to adjust costs and policies throughout the school year, or to supersede statements published in this bulletin.
Last update on August 26, 2014