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From: Student Account Services

Dear Students, 

We write to announce important changes related to student billing beginning in Fall 2023.

Student Account Late Fee

What’s Changing

  • Starting September 1, 2023, OSU will no longer charge registered students the 1% monthly interest on unpaid balances. In its place, only those students who do not pay their account balance down to $500 or lower by the due date each term will be charged a flat $85 late fee.
  • Registered students who are enrolled in an OSU payment plan and current with their payments for the current term are exempt from the late fee.

This change is in coordination with ASOSU’s recommendation in resolution SR-82.07 which addressed the unique efforts some international students face with international banking. ASOSU recommended the university replace the existing 1% per month (12% APR) interest with a flat late fee charged once toward the end of the term.

The determining factors behind that resolution from ASOSU are compelling for all students. This alternative method of a flat late fee of $85 instead of monthly interest will reduce the number of students impacted, be more transparent and predictable, and still encourages students to manage their student account each term. 

What’s Not Changing

  • Billing accounts for former students and non-students will still be charged 1% interest per month on unpaid balances. 

Payment Plans

What’s Changed

  • There are now more student account payment plan options of varying lengths available each term.
  • A $15 enrollment fee is charged when a student signs up for a payment plan each term.

What’s Not Changing

  • Students who are enrolled and in good standing for a payment plan for the current term are exempt from the account balance registration hold process.

Reach us at [email protected]

We’re also partnering on the Student Financial Readiness & Success page program. Find out more info here:

Sincerely,

Student Account Services, 
Oregon State University | Business Services, Phone: +1 541-737-3775 | Fax: 541-737-4099
Address: 1500 SW Jefferson | Mailing: 100B Kerr Admin Building, Corvallis, Oregon 97331

Send Date: 
Monday, August 28, 2023