Enrollment Services
Business Services-Student Accounts
Revolving Charge Account Plan Terms and Conditions
All students who enroll at Southern Oregon University or incur any charges may establish a Revolving Charge Account after returning the acknowledgement set out below. This plan allows students to pay tuition and other charges with moreflexibility than if payment were required upon registration or receipt of services. Any person who incurs charges, fines, or penaltiesat Southern Oregon University establishes a Revolving Charge Account Plan and agrees to its terms and conditions. The Southern Oregon University Revolving Charge Account Plan is fully set out in Oregon Administrative Rule 573-015-0010, a copy of which is available by mail or at the Business Services office.
- Eligibility. If you incur charges, fines, or penalties at Southern Oregon University and you have established a Revolving Charge Account and you have agreed to its terms and conditions by returning the acknowledgement below, you may pay chargesas set out herein. As a student, any credit extended to you is an educational benefit or loan.
- What is the RCA Plan? A Revolving Charge Account (RCA) is similar to a credit card account in that you are billed on orabout the 10th of each month and requested to pay a minimum due amount by a specific date to avoid late fees or penalties. Duedates for various charges may vary, and Southern Oregon University will apply all scholarships, grants, fee remissions, and loansto your account in accordance with applicable federal or state regulations before any money is released to you.
- What does it cost to use the RCA?
- Service Charge. If all tuition and housing is not paid by the required date in any given term, a $15.00 charge will be added to your account for the use of the plan. This allows deferral of two-thirds of tuition and one-half of housing costs until the first day of the closing month of the term. Short-term loans, which are separate loans granted on merit, require an additional $15.00 charge. Should a check tendered for payment of any charge or service be returned by the bank, a $20.00 charge is assessed.
- Interest. Southern Oregon University charges interest on account balances not paid within the grace period. Interest is charged on the previously billed amount at an annual interest rate of 9.00 percent. The interest is computed by applying the periodic rate to the previously billed amount remaining on the account as of the billing date. The previously billed amount is multiplied by the periodic interest rate, multiplied by the number of days since the last interest calculation, and divided by 365 (this adjusts to a monthly rate from the annual rate).
- Penalties. Although we prefer not to use such remedies, Southern Oregon University has the right to impose penalties on delinquent accounts as follows: (a) registration may be denied or canceled; (b) the extension of credit, provision of services, grade reports, transcripts, diplomas, and graduation may be withheld; (c) eviction from student or family housing may result when past-due amounts relate to housing or family housing charges; (d) report may be made to credit bureaus; (e) accounts may be submitted to the Oregon Department of Revenue or outside collection agencies; (f) Oregon state tax refunds may be withheld and applied to the delinquent account.
- Collection Costs. Past-due accounts not paid in full by the beginning of the following term may be assessed an institutional collection fee of 15 percent of the amount due. Accounts referred to outside collection will be assessed all costs and charges incurred in collecting any amount not paid when due, including but not limited to Oregon Department of Revenue costs, collection agency costs, reasonable attorneys’ fees including attorney fees on appeal, and court costs.
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