5.11.4 Tuition and Fee Extension and Deferment Policy
Minnesota State Colleges and Universities Policy 5.12 http://www.mnscu.edu/board/policy/512.html, outlines the requirements for tuition and fee due dates, refunds, withdrawals and waivers. Alexandria Technical & Community College will extend payment of tuition and fees as billed by the Business Office for students who have been accepted for an approved financial aid award. Payment of these costs will be extended until financial aid is applied to the student account.
Students who have applied for financial aid, but have not received approval, will be allowed to extend the payment of tuition until financial aid has been accepted and applied to the student account. Once financial aid has been applied to the student’s account any remaining balance is due immediately. For purposes of this policy, "applied for financial aid" means that an Instructional Student Information Record (ISIR), which is results of a Free Application for Federal Student Aid (FAFSA) in electronic format, must be loaded into ATCC's financial aid processing module by the end of business day five of the current term.
Students receiving Veteran's Administration Benefits will be allowed to extend payment of tuition until benefits are disbursed. Students must provide proof of application (VA Form 22-1990) for Veteran’s Administration benefits by the end of the fifth business day of the term.
The president or designee may grant short-term tuition and fee payment deferrals in cases where, due to exceptional circumstances, a student needs additional time to arrange third-party financing or otherwise satisfy a tuition and fee balance due. Deferrals must document the reason for and time duration of the deferral and must be signed by the president or designee.
Approved by: ATCC Leadership Council
Effective Date: 3/02/05
Last Date Revised: 3/02/05