Payment Plan For Full Time Students

All students are required to sign and return the payment plan form and monthly interest charge agreement prior to July 15. Payment in full or enrollment in a payment plan for the year’s tuition is due before July 15th.  The University’s payment plan offers a 10 month payment schedule July 15th – April 15th. If using the monthly payment plan, you are required to return the ACH or automatic credit card form prior to July 15th.  For any check or ACH returned for non-sufficient funds, there is a charge of $30 per occurrence.  A 1.5% interest charge will be applied to delinquent accounts monthly.

If full payment has not been made or you have not established your payment plan by July 15, your registration for classes will be placed on hold until you have worked out arrangements with the Business Office. You will not receive a key to your room until your payment plan is in place, nor will you be able to attend classes.

Books and supplies are additional expenses. At the time of registration, books can be ordered by credit card or charged to the student account. Keep in mind if charged to the student account you will see this as an additional charge on the statement.

Work Study funds are not applied to student accounts. If a student wants to use these funds towards the balance, they will make payment at the business office located in the University Chapel.

General

All financial obligations to the University must be paid in full or satisfactory payment arrangements made with the Business Office before a student may register for a new semester.

Statements are sent to the student’s home address on file. It is the student’s responsible to notify the Business Office of address changes.

Services of the University, including but not restricted to grades, diploma, certificate transcript, letter of honorable dismissal, or recommendation may be withheld from students who have an outstanding balance with the University.  The University reserves the right to deny students the privilege of participating in Commencement ceremonies if their account is not paid in full.

Refund Policy

Refunds of credit balances will be available only after an account has been paid in full.  Refunds are made the week after the add/drop date at the beginning of each semester.  Any credit balances associated with payment by personal check will be delayed until the check used for payment has cleared the bank.  Normally ten business days will be allowed for such clearance.  Requests for refund of enrollment deposits should be directed to the Admissions Office.

Financial Impact of Withdrawal from Classes

Students who withdraw from one or more classes following the end of the add/drop period at the start of each semester will have their tuition and financial aid recalculated.  Under certain scenarios, students may be responsible for paying additional charges.  Calculations of these amounts are made in accordance with federal and state financial aid regulations and are based on the date of withdrawal and the University’s obligation to return federal financial aid funds. Students are responsible for meeting their financial obligations upon withdrawal and are encouraged to check with the Financial Aid office prior to withdrawal to determine what the financial impact will be.

Financial Aid Suspension

A student who fails to meet SAP requirements after Financial Aid Warning is placed on Financial Aid Suspension and is not eligible to receive financial aid without a successful appeal.

Financial Aid Office

Email: financialaid@iw.edu

Phone: 319-385-6242 or 800-582-2383

Location: Chapel

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