DEFERRED FEES AND FINANCE CHARGES
Unpaid balances on student accounts will be assessed a finance charge.
Reason for Policy/Purpose
This policy is required for the effective communication of university policy on deferred fees and finance charges.
Who Needs to Know This Policy
All students attending The University of Southern Mississippi.
Website Address for this Policy
Southern Miss applies a monthly periodic rate of 1.5 percent to all unpaid balances and transactions.
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.
The Bursar is responsible for the review of this policy every four years (or whenever circumstances require immediate review).
Amendments: Month, Day, Year – summary of changes
11/01/11: Formatted for Institutional Research website.
02/20/13: Formatted for template. Minor editing of punctuation and word usage throughout.