Full payment of tuition and fee charges for each term is due on or before the first day of class. Failure to remit payment will result in a $30 Administrative Late Payment Fee. Payment for subsequent charges must be received on or before the due date as listed on the billing statement, or a late payment fee in the amount of $30 per month will be assessed.
Please be advised that the failure to pay any debt in full within thirty days of the deadline will result in the assessment of interest or a late payment charge, whichever is greater. Interest will be assessed from the date of your presumed receipt of notice (primarily via electronic billing e-mail notifications and subsequent collection letters), at the corporate underpayment set by the Commissioner of Taxation and Finance minus four percent. Interest will be compounded daily on your principal balance. To avoid assessment of interest or a late payment charge, you should pay the amount due in full on or prior to the deadline. In addition, should you fail to pay this debt in full within ninety days of your deadline, a collection fee equal to 22% of the outstanding debt, including interest, may be added to the amount which you owe.
For more information regarding New York State Finance Law Section 18 (Debt Payment/Collection), please visit Outstanding Balances - NYS Finance Law Section 18.
Page last updated February 18th, 2013.