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STUDENT ACCOUNTS

It is the policy of McPherson College that no individual will be permitted to enroll for any classes if that person has a balance due on their student account. If the balance is in a current status through the authorized payment plan, the above restriction will not apply. Returning students with an account balance of $500 or less and who are current in all payments will be allowed to pre-enroll for the next semester. However, if for any reason the account is not current, restrictions will be placed on the student's ability to pre-enroll. A student in this category may be permitted to start the pre-enrollment process, but the process will not be finalized and classes will not be confirmed until the account is made current. After financial aid has been applied, full payment of any remaining balance is required at enrollment each term. Account balances under $500 or in a current status through the authorized payment plan are not subject to this requirement. Students who do not meet this requirement will not be allowed to move into the residence halls, eat meals in the dining hall, attend classes or participate in any athletic practices. In addition, the policy will adhere to the following criteria:

  1. All necessary applications and forms for financial aid, including grants, scholarships and loans, must be completed, signed and submitted no later than one month prior to the start of the academic year.
  2. Students are expected to make full payment for all tuition, fees, room and board, and other charges prior to, or at the time of enrollment.
  3. At the conclusion of the enrollment process, students with a small balance remaining of not more than $500 will be required to sign a promissory note, and agree to pay off the note in four equal payments.
  4. Interest on student accounts will be charged at the rate of 1% per month; however there will be no penalty for early payment of the account balance.
  5. Amounts earned by students working for the college, either directly or through Federal Work Study, may be applied by the student towards payment of their account balance.


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