Thank you for choosing to attend Biola University. Before finalizing your payment plan you must review and agree to the following terms and conditions.
Biola University will not be liable for the following payment errors
A $25.00 fee will be assessed for any returned payment, regardless of the reason for the return. Examples of reasons for a returned payment are, but not limited to, non-sufficient funds and a stop payment.
CURRENT ACTIVITY: Billing statements display current period transactions on the account prior to the closing date. Transactions that take place after the statement’s closing date will show in both the my.Biola Student Account block of the Student Financial Tab under Account Detail for Term and in the Authorized User site under Account Activity.
AMOUNT DUE: The amount due is payable in full by 4:00 p.m. on the due date with the following exceptions: Current traditional fall and spring tuition, fees, room and board may be paid in three installments as outlined in the University catalog if the student has signed up for a payment plan (August-October for fall semester and January-March for spring semester).
PERMISSION FOR ELECTRONIC WITHDRAWAL: When you provide a check as payment, you authorize Biola either to use information from your check to make a one-time electronic fund transfer from your account or to process the payment as a check transaction. When we process your check electronically, your payment may be withdrawn from your account as soon as the same day we receive your check, and you will not receive the cancelled check with your account statement.
FINANCE CHARGES: The finance charges on your account are calculated by applying 1.35% per month (APR 17.46%) to the past due amount. To calculate the past due amount, we take the balance owed on your previous month’s statement and subtract payments received and credits issued.
LATE FEES ON PAYMENT PLANS: When you enroll in a payment plan, you will be assessed a plan enrollment fee. If payments are late, a 1% late fee is assessed monthly on the account balance.
CREDIT BALANCE (CR) is shown by a negative sign ("-") to the left of the amount. No payment is due when a credit balance exists. Payments to a student account which result in a credit balance will be refunded upon request, or in accordance with federal regulations for students receiving federal aid.
Students understand and agree that academic transcripts and diplomas will be withheld if there is an outstanding obligation to the University or if they are in default on any government-based loans. Students will also not be allowed to register for new classes at Biola University until their previous balance is paid in full. If a previous debt has been turned over to a Collection Agency and the student pays off the previous debt, the student may return to Biola but must prepay in full for all future classes.
Biola University extends credit to students by means of their school accounts and applies funds to the student account balances. Students promise to pay all charges plus any additional charges incurred including finance charges (which accrue at the rate of 1.35% monthly and 17.46% per annum) according to their payment plan or within 30 days of billing.
Students acknowledge and agree that the credit extended by the University constitutes a qualified educational loan for the payment of educational expenses as defined in Section 523(a)(8) of the U.S. Bankruptcy Code and Section 221(d)(1) of the Internal Revenue Code.
Students understand that should they rescind authorization to apply any and all Title IV funds to their account, the amount rescinded shall become due and payable to the University. Failure to make such payment may result in administrative withdrawal from the University.
If the amount of financial aid changes, the student agrees to be responsible for the balance due.
If students do not pay their school account in full, the obligation may be assigned to an outside collection agency. Students agree to pay all reasonable costs of collection and expenses incurred by Biola University in connection with the enforcement of collection of their obligation to the extent permitted by applicable law. Students further agree to pay all costs of suit and reasonable attorney’s fees in any action to enforce payment of this obligation or any part of it.
Students understand and accept that if they leave school under any circumstances with a balance due, they hereby authorize Biola University and/or its agents, including attorneys and/or collection agencies, to make contact via cellular telephone and/or electronic technology to collect the outstanding debt, unless such parties are notified in writing to cease such communication.
Pursuant to California Code of Civil Procedure 360.05, students waive defense afforded by the statute of limitations as a defense to demand for payment of this note or any part thereof or any sum payable hereunder.
DISPUTED AMOUNTS: You may withhold payment of any disputed amount and any related finance charges until we resolve your billing inquiry. If you believe your bill is incorrect, or if you need more information about a transaction on your bill, contact us in writing as soon as possible. We must hear from you no later than 60 days after the original statement on which the error or problem appeared. You may telephone us, but doing so will not preserve your rights.
In your letter or email, please provide the following information:
You do not have to pay any amount in question while we are investigating, but you are still obligated to pay the transactions on your bill that are not in question. While we investigate your question, we will neither report you as delinquent for nor take any action to collect the amount in question. This is a summary of your rights. A full statement of your rights and/or responsibilities under the Federal Fair Credit Billing Act will be provided upon request.
CORRESPONDENCE: If you have questions concerning your bill or need to notify us of an error, please email us at firstname.lastname@example.org or write to us at the address below. Please include the student's name and ID number.ACCOUNTING OFFICE
You may reference the Biola University Catalog for financial policies related to enrollment and school accounts at www.biola.edu/catalog.