University of Virginia Library

REGULATIONS GOVERNING THE PAYMENT OF TUITION, FEES AND ROOM
RENT ON A DEFERRED PAYMENT PLAN

The President explained that it was necessary to change the regulations governing the payment of tuition and other charges because of changes in the University calendar.

The following resolution was adopted:

• RESOLVED by The Rector and Visitors of the University of Virginia that the University regulations governing the payment of tuition, fees and room rent on a deferred payment plan be and they are hereby revised to read as follows:
• Deferred Payment Plan - In exceptional cases, the student may sign an agreement form for semester charges permitting payments as follows:
• First Semester - the amount due, as shown on the student bill, is payable one-third (1/3) or more, in person, during the registration procedures; the balance of two-thirds (2/3) is deferred in two equal installments by signing the agreement form, payable on or before October 15th, and on or before November 15th.
• Second Semester - the deferred payment agreement form will be available in advance from the Student Accounts' Section of the Treasurer's Office. The amount due is payable one-third (1/3) or more by mail on or before the final date for payment as stated on the student's bill; the balance of two-thirds (2/3) is deferred in two equal installments payable on or before February 15th, and on or before March 15th, by completing, signing, and returning the agreement form by mail along with the one-third (1/3) payment.
• Penalties for Failure to Meet Payments When Due - A student (having signed an agreement form) who fails to make payment when due, but who pays within a period of two (2) calendar weeks following the due date is charged a service fee of $2.00. A student who fails to make payment within the two (2) calendar weeks following the date on which payment was due will be automatically suspended from the University and may not attend classes until he has been officially reinstated and has paid all accrued fees and a reinstatement fee of $5.00.

A student suspended for failure to make payment when due may not be reinstated for the semester after two (2) weeks from the date of suspension. Applications for reinstatement are to be made at the office of the Treasurer.