Monthly interest is charged at 1.5% on all past due balances. The late fee and interest charges will not be waived.
It is possible that the statement of account does not accurately reflect the balance due for a particular term. The amount due by the stated due date is the amount listed on your statement of account less approved financial aid (please refer to your financial aid award letter for details). Students receiving Social Security or Veteran's Educational Benefits may defer the amount covered by these benefits. The following types of financial aid will not be credited to your student account until the following conditions are met.
- Pell Grants*: 1/2 of yearly award is credited.
- State Grants*: 1/2 of yearly award is credited after the official award notification is received and certified from the state grant agency.
- Stafford and PLUS Loans*: These loans will not be credited until the signed promissory note is returned to AES/PHEAA.
- Employer payments or other aid from external sources: Are not credited until funds are received by the Business Office.
*Federal and state regulations prohibit the College from crediting your account until three days prior to the beginning of the semester.