Financial Services - Procedures/Fees

III.4. Overdue Accounts

Overdue accounts include: fees not paid in full, parking violation fines outstanding, library (WLU or University of Waterloo) fines outstanding, residence or food service charges outstanding, unpaid balance in the Bookstore, disciplinary obligations imposed by the Office of the Dean of Students, or charges owing to other University offices, clubs, etc.

Interest charges of 1.25 percent monthly (16.08 percent per annum) will be assessed on all outstanding balances. Students paying with OSAP will be charged all penalties.

HOLDS will be placed on delinquent accounts at the end of the first month of term. Individuals with delinquent accounts will not receive final grade reports, will not be allowed to register for a subsequent term, graduate, receive an official University transcript nor will an official University transcript be released on their behalf in any manner until the account has been paid in full by cash, certified cheque, or money order. Holds on overdue accounts will not be released until three weeks after receipt of non-certified payment.

Overdue accounts may be referred to a collection agency.

1996-1998 Undergraduate Calendar Addendum III. Financial Services - Procedures/Fees