Students are required to meet all financial obligations for tuition, fees, and instructional materials purchased through the College Bookstore by the date specified at the time of registration. Students who are not able to meet all financial obligations may request a deferred payment schedule.

Procedure

A student who has an outstanding financial obligation for tuition, fees, or instructional materials may request deferred payment under the following conditions:

1. The student has applied for financial aid in one or all of the following areas: Illinois Student Assistance Commission (ISAC), Pell Grant, or Stafford Loan Program, but has not, as yet, received notice of his/her eligibility.
2. The student is an eligible Veteran and has not yet been paid by the Veterans Administration.
3. The Director of Financial Aid, based upon a review of appropriate documented application forms, certifies that, to the best of his/her knowledge, the student will receive grant or loan assistance within ninety (90) days.

There will be a non-refundable surcharge as established by the College administration credited to the Education Fund for processing all deferments. This charge must be paid at the time the deferment is processed.

Students who fail to fulfill their financial obligations by the date specified shall have their academic records held by the Admissions and Records Office and shall not be permitted to re-enroll for any subsequent semester or term until all financial obligations are satisfied (see Policy No. 6011).

There will be a 3% administrative fee charged on the total deferment which will be paid at the time the "principle" deferment is paid.