University of Virginia Library

APPROVAL OF POLICY REVISION: REGULATIONS GOVERNING PAYMENT OF TUITION, FEES AND ROOM RENT ON A DEFERRED PAYMENT PLAN

The following resolution was adopted:

• WHEREAS, the original Policy on Regulations Governing Payment of Tuition, Fees and Room Rent on a Deferred Payment Plan was approved by the Board of Visitors on October 26, 1973;
• WHEREAS, the Ad Hoc Committee on Policy Reform has examined the above-mentioned Policy on Regulations Governing Payment of Tuition, Fees and Room Rent on a Deferred Payment Plan for accuracy and applicability and has determined that current practice deviates substantially from the terms outlined in the policy;
• WHEREAS, on April 12, 1997, the Ad Hoc Committee on Policy Reform referred the policy to the Finance Committee for review and revision; and
• WHEREAS, the University Treasurer no longer administers a payment delay program; and the University Bursar presently administers a payment delay program restricted to graduate assistants and veterans.
• RESOLVED that the policy entitled "Regulations Governing Payment of Tuition, Fees, and Room Rent on a Deferred Payment Plan" be rescinded and the attached Graduate Assistant and Veteran Payment Plan be adopted.

UNIVERSITY OF VIRGINIA

Graduate Assistant and Veteran Payment Plan

Graduate assistants (teaching and research assistants) and veterans are eligible for a special payment arrangement each semester. Eligibility for the program is subject to verification of status by and approval of the appropriate Dean's office in each of the schools.

Eligible graduate assistants and veterans may sign an agreement with the University permitting payment of tuition, fees and room rent charges on the following schedule:

Fall semester: 1/3 of charges for the semester are due on or before Wednesday of the first full week of October, onethird are due on or before Wednesday of the first full week of November, and one-third (final) payment must be made by Wednesday of the first full week of December.

Spring semester: 1/3 of the semester charges are due on or before Wednesday of the first full week of February, one- third are due on or before Wednesday of the first full week of March, and one-third (final) payment must be made by Wednesday of the first full week of April.

The penalty for failing to make a payment by the due date is $10.00 per installment that is overdue. Late payments can result in other actions for past due balances, including a hold on the student's official academic transcript. Actions for late or non-payment of amounts owed the University are outlined in the Graduate and Undergraduate Record.