Fee Payment

Fees and charges are payable on the first day of each term. Payments may be made via cash, check, or credit card (Visa, MasterCard, or Discover) using the CardinalWeb Online Payment system linked at right.

At the time a student formally registers for classes, either by signing and submitting the appropriate registration forms to the Registrar's Office, or by registering online, the student agrees to:

• Assume financial responsibility for any charges and/or fees as posted to his/her student account.
• Abide by the official college policies regarding withdrawal from the College.
• Assume the responsibility for understanding the College's official policy concerning schedule changes and satisfactory academic progress which may result in additional charges or the loss of eligibility for certain types of financial aid. It is considered the student's responsibility to understand how these changes can affect his/her financial situation with regard to financial aid eligibility.

Late Payments
Please note the following policies regarding late payments and delinquent accounts:

• All accounts not paid in full by the first day of each term are subject to a late payment fee of $25 in addition to monthly interest at a rate of 1.5 percent per month. Loan funds or any other sources of financial aid not received by the first day of each term are subject to late charges and interest. Therefore, all loans should be applied for prior to July 1 to help ensure timely receipt.

• All accounts must be paid in full in order for students to enroll in succeeding terms or to receive copies of certificates, diplomas, and transcripts.

• Otterbein reserves the right to recover all costs involved with the collection and/or litigation of delinquent accounts.

• If an account must be sent to collection or litigation due to nonpayment of the outstanding balance, the College reserves the right to demand payment in full of subsequent terms of enrollment, prior to the beginning of each term to ensure enrollment.

• Otterbein College is a non-profit institution of higher learning. As such, student receivable accounts are considered to be educational loans offered for the sole purpose of financing an education and are not dischargeable in bankruptcy proceedings.

• The College reserves the right to cancel the registration of any student if a balance due from a previous term remains unpaid at the start of a subsequent term.

• The College reserves the right to demand payment in the forms of a certified check, money order, cash, or credit cards in the event that one or more checks have been returned unpaid for any reason.