Bursar Policies and Procedures
Students are responsible for the payment of tuition/room and board bills by the due date as stated on the Student Statement of Account Invoice. The following information includes the billing process and procedures regarding student account balances.
It is the responsibility of the student to ensure that their billing address is correct.
The exact due date will be printed on the initial billing invoice. This date is linked to the General Registration date. On or after this date, any student who registers for Fall or Spring semesters must pay in full upon registration.
Payment for the Fall semester is due early August, as noted in the Academic Calendar.
Payment for the Spring semester is due early January, as noted in the Academic Calendar.
Students who fail to comply with the statement due date will receive monthly past due invoices for a minimum of three invoices per semester. In addition, a Bursar Hold will be placed on the student account. The consequences of a Bursar Hold include:
* The student will be prevented from making any changes to their major/minor or current registration
*The student will not be permitted to register for any upcoming semesters.
*Clearance to take state or professional examinations will not be granted.
*Requests for copies of Official Tranxcripts will not be accepted.
To avoid having a Bursar Hold placed on the student's account, students may take the following steps:
*Complete all financial aid paperwork according to the filing deadlines (Failure to complete all financial aid documents in a timely manner causes delays in the awarding of student aid and will result in a past-due balance and a Bursar Hold).
*Pay tuition and fees in full, in advance, if financial aid is not yet in place.
*Apply for loans (federal/private) before payment due date.
*Arrange to have payment vouchers for Employer Tuition Deferment Plans on file in the Bursar's Office prior to the start of classes each term.
*Arrange for the Monthly Payment Plan with Tuition Management Systems, Inc. to sufficiently cover each semester's charges for tuition and fees.
After an account is 60 days past due, account holders may expect to receive Molloy College reminder letters.
An invoice that is 120 days past due may be referred to a collection agency. This action will result in additional collection costs to the past-due balance and may affect the student's personal credit rating.
IMPORTANT: No student will be allowed to register for a new academic semester owing money from a previous semester.