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Deferred Fees and Finance Charges

Southern Miss applies a monthly periodic rate of 1.5 percent to all unpaid balances and transactions. The corresponding annual percentage rate is 18 percent. The finance charge on your account is calculated by applying the periodic rate to the balance billed after deducting any payments or credits.

All charges for a semester are due at the end of that semester. Any account with a balance due at the end of the semester will be assessed a $100.00 late payment fee.