Undergraduate Bulletin - Loyola Marymount University

46 / TUITION AND FEES
Payment of Student Charges
Tuition, fees, and board charges are payable by the semester.
Financial clearance is necessary prior to registration and
subject to Late Financial Clearance/Deferment Fee after the
deadline. Clearance may be obtained from the Controller’s
Office Student Accounts Department at the time of payment
or by making arrangements for the payment plan described
below.
Registration for classes may be canceled for any student
whose payment check for tuition or fees is returned
unpaid from the bank or who has defaulted on payment
arrangements.
Financial clearance cannot be granted, and pre-registration
will not be permitted, if a student’s account is delinquent.
Failure to pay tuition and other outstanding debts will result
in the withholding of the academic transcript. The student
diploma will not be released until all debts are satisfied in
full. Students are prohibited from future registrations due to
delinquent accounts.
Sickness Insurance
The annual Sickness Insurance fee of $630 (estimated) is
mandatory for students who are U.S. citizens taking 7 or more
semester hours. Domestic students may waive coverage by
submitting the appropriate form to the Controller’s Office by
September 1, 2006. Students entering for the first time or
returning to the University during the Spring 2007 semester
and taking 7 or more semester hours will be charged a
prorated amount for the Spring semester unless a waiver
form is submitted to the Controller’s Office by February 1,
2007.
International (Visa) students, regardless of the number of
semester hours in which they are enrolled, must purchase
the Mandatory International Student Sickness Insurance.
The International Sickness Insurance may not be waived,
and the cost is $630 (estimated) for single coverage. Higher
premiums may be charged depending upon marital status
and number of dependents.
(Accident Insurance is mandatory for all students registered
for 7 or more semester hours and may not be waived.)
Monthly Payment Plan
Parents who prefer to meet educational expenses out of
monthly income rather than in a single payment at the
beginning of each semester may apply for the University’s
annual 10-month or 12-month payment plan. The 10month
payment plan requires the first two months’
payments to start the plan. The plan requires a $115.00 fee
for enrollment; however, interest is 0% on the outstanding
balances. The 10- or 12-month Debit Checking Plan
requires a $45.00 enrollment fee and is a 0% interest plan.
The 12-month plan is for Automatic Checking Deduction
only. A monthly late fee is assessed on students who fail
to make their payment by the end of each month. Students
may take advantage of the Automatic ACH Debit Checking
feature that allows a one-time authorization followed by
regular monthly charges and deductions. Debit cards are
accepted.
Certificate of Eligibility for Veterans
All expenses incurred by a veteran that have not been
properly authorized by the Veterans Administration must be
paid by the veteran. Therefore, it is the responsibility of
every veteran to see that papers are in proper order at the
time of the first and each subsequent registration. Also, all
veterans who are receiving benefits for educational expenses
are required to contact the Financial Aid Office.
The University is required by the Veterans Administration to
report failure on the part of the student to complete 75% of
the semester hours attempted in any given term. Benefits
to a veteran who fails to complete 75% of the semester
hours originally enrolled in may be suspended. Failures,
withdrawals, and NCs are not recognized as making
satisfactory progress.
Refunds/Cancellation
Refunds for tuition and/or housing are made only after a
complete withdrawal or leave of absence from the University
(dropping all courses) has been processed by the Office of
the Registrar and, in the case of a resident student, also
by the Housing Office. For resident students, if the official
withdrawal dates from the Office of the Registrar and the
Housing Office are different, the respective dates will be
used for tuition or housing refunding purposes. See the
accompanying table for the allowable refund percentage.
Meal plans are non-refundable. A student should complete
the Withdrawal/Leave of Absence form in the Office of the
Registrar and, if a resident student, the withdrawal form in
the Housing Office.