Student Accounts: Business Office

Spring Semester Notice 

Payments are due January 4, 2012.  Returning students must check the “Registration Hold” list to see if their account must be cleared in the Business Office.  If payment is not received, or the account is not current with the monthly payment plan, or a satisfactory payment arrangement is not in place, then the student’s classes will be put on hold.  The “hold” list will be posted Wednesday, January 11th by the end of the day.  

Students with registration holds will be assessed a $40 late fee and must pay by January 16th or come into the Business Office and make payment arrangements. Students with holds on their registration who do not clear the hold by January 16th with payment or a payment arrangement will be assessed further late fees and may have their classes canceled.  This includes students with permission to return late.  

The “registration hold” list will be posted on my.lakeforest.  Students can view this list and their most current account balances, but must log in with a username and password.  PLEASE double check your student account balance. 

Payments for new or transfer students are also due January 4th. 

Returning students who are not on the “hold” list, do not need to see the Registrar or the Business Office to confirm registration. Students may simply go to class when classes begin. 

Students who are not returning in the Spring need to notify the Dean of Students office, in order to avoid penalties on their student account.

                      

2011-2012 Billing Cycle and Due Dates 

For Fall 2011, payment is due by August 12 unless you are enrolled in the Forester monthly Payment Plan (FPP).  Payment in full and on time insures that you keep your chosen classes and prevents fines for delinquent payments.  Please remember – while returning students pre-register in the spring, your registration is not confirmed until you complete your financial obligations.

For Spring 2012, payment is due by January 4, 2012. Students with unpaid accounts will be required to come to the Business Office prior to confirmation of registration.

Bills are available online on my.lakeforest. Students can access these accounts at any time. Statements are mailed on these approximate dates:

June 30	fall semester charges
October 1	statement for fall semester
November 21	spring semester charges
February 1	statement for spring semester
March 1	unpaid balances will prevent room draw
April 1	unpaid balances may prevent participation in graduation

Interim statements are mailed as additional charges are added, such as parking tickets or library fines. Any outstanding balances are billed in May. 

Student Mailing Address for Billing Purposes

Statements are mailed to the student’s “legal home permanent” address. If you would like the bills mailed to an additional address, the student must come into the Business Office and fill out an address form for the “billing address.”

 

Financial Aid 

Until registration, all financial aid is applied in preliminary status only.  You will see your anticipated loan proceeds on your statement during this preliminary time, net of any fees the banks charge. After registration is final each semester, the institutional and federal grants are disbursed. At that time, the preliminary status loans and outside scholarships “disappear” and are applied to the account when the proceeds are actually received.

Remember that your family contribution as shown on your award letter from Financial Aid does not include the extra cost of a single room! 

Also, work study funds will not appear on your statement as a credit.  You may use paychecks from a work study job for books and expenses, or may turn the check over, in whole or in part, to pay tuition and fees.  If you need to arrange student payroll deductions to make payments toward your bill, please call our office.

Bookstore Vouchers

There are two situations in which you can charge books and supplies on your tuition account. 

• The first is when there will be an anticipated refund due to you after all payments and financial aid is applied. This type of voucher is administered by the Business Office. 
• The second type of voucher is given by the Financial Aid Office and is dependent upon financial need.

 

Emergency Loans

Emergency loans are approved by the Business Office for a maximum of $400. The approved loan is presented to the Cashier in order to obtain the funds, and payments for the loan are made to the Cashier. Any unpaid student loans are placed on your account at the end of the semester with a penalty of $25. Loans are subject to interest charges and are only approved under specific situations. Students that default on repaying an emergency loan will no longer be eligible to receive funds under the program. 

Matriculation Deposits 

When students leave the College, whether by withdrawal or graduation, the Business Office will return the matriculation deposit by check, net of any charges left on the account, to the student at the home address. 

• The Business Office must be officially notified of the withdrawal by the Office of Student Affairs before this can happen. All withdrawals from the College are processed through the Dean of Students. 
• Deposits for graduates are returned at the end of May.

Review Your Account
Review your tuition and fees account through my.lakeforest, the College’s intranet that requires a username and password. Once the statement is retrieved, the student has the option to print it or to e-mail it to a parent or guardian. You can also get a copy of your account from the Cashier.