Settling of Financial Accounts
The Business Office is under the supervision of the Chief Financial Officer of the University.
Payment in full for tuition and fees or enrollment in a payment plan along with the designated initial payment is required for boarders, non-boarders, and APS & Graduate students, before classes begin each term or semester. All students must electronically accept the Business Office “Terms and Conditions Agreement” to complete their registration. Billing is done online through TouchNet. Settling of accounts should be done online through Banner Web and TouchNet. Payments should be made online through TouchNet. Instructions are on the CBU website and emailed to the students prior to the start of each term. CBU reserves the right to refuse payment plan option to students who did not honor the scheduled payments in previous terms. Any student who has not settled their financial account by the announced drop date will have their schedules dropped from the University. If a student re-registers after their classes have been dropped, there is an additional $250 LATE FEE that will be added to their account and that account must be settled at the time the student re-registers. No student will be charged more than $250.00 in Late Fees.
Upon notification of acceptance, day applicants must submit an ENROLLMENT DEPOSIT of $300.00. This will ensure a place in the University.
Returning residence hall students are required to make a $300.00 room reservation deposit in the spring to reserve a residence hall room for the following academic year.
Students who enter at the second semester are subject to the same financial requirements listed herein.
A SECURITY DEPOSIT of $150.00 is required of all first time resident students. This must be paid regardless of the scholarship or student aid arrangements with the University. The security deposit will be refunded at the end of the senior year or at the time of withdrawal from the University.
CONTRACT CANCELLATION FEE: Fall housing agreements are for the full academic year. Prior to August 1, any continuing student who wishes to cancel his/her residence hall agreement must submit a letter in writing to the Office of Student Life and receive approval from the Director of Residence Life. All continuing students cancelling prior to the August 1 deadline will be responsible for a $300.00 cancellation fee. After the August 1 date, any resident student who enrolls in classes at the University will be responsible for room and board charges for the semester. Exemptions to this policy may be made only by the Vice President for Academics.
Any incoming first-year student or transfer student who wishes to cancel his/her residence hall agreement must submit a letter in writing to the Office of Student Life and receive approval from the Director of Residence Life. After May 1, deposits are non-refundable. After August 1, any first-year student or transfer student will be responsible for room and board charges if he/she remains enrolled in classes. Exceptions to this policy may be made only by the Vice President for Academics.
No diploma, transcript of credit, or information concerning academic or disciplinary record is given until the student’s account has been settled.
Students with accounts in arrears may be excluded from final examinations, graduation ceremonies, issuance of academic documents and records, and readmission to future academic programs until the accounts in arrears are paid in full. There is a one percent monthly interest charge on all delinquent accounts.