Past-Due Balance Policy

Students are responsible for the payment of tuition/room and board bills by the due date, as stated on the Student Statement of Account Invoice. The billing process and procedures regarding student account balances is as follows:

It is the responsibility of the student to ensure that the billing address is correct.

The exact payment due date will be printed on the initial billing invoice. This date is linked to the General Registration date. On or after this date, any student who registers for Fall or Spring semesters must pay in full upon registration.

Payment for the Fall Semester is due early August, as noted in the Academic Calendar.

Payment for the Spring Semester is due early January, as noted in the Academic Calendar.

Students who fail to comply with the statement due date will receive monthly past due invoices, for a minimum of three invoices per semester. In addition, a Bursar Hold will be placed on the student account. The consequences of a Bursar Hold include:

  • The student is prevented from making any changes to their current registration
  • The student is not permitted to register for any upcoming semesters
  • Clearance to take state or professional examinations will not be granted
  • Requests for copies of Official Transcripts will not be accepted

To avoid having a Bursar Hold placed on their account, students may take the following steps:

  • Complete all financial aid paperwork according to the filing deadlines. (Failure to complete required financial aid documents in a timely manner causes delays in the awarding of student aid and may result in a past-due balance and a Bursar Hold.)
  • Pay tuition and fees in full, in advance, if financial aid is not yet in place.
  • Apply for loans (federal/private) before the payment due date.
  • Arrange to have payment vouchers for Employer Tuition Deferment Plans on file in the Bursar's Office, prior to the start of classes each term.
  • Arrange for the Monthly Payment Plan with CASHNET to sufficiently cover each semester's charges for tuition and fees.

After an account is 60 days past due, account holders may expect to receive Molloy College reminder letters.

A late fee of $15. may be imposed on any outstanding balances 60 days and older.

An invoice that is 120 days past due may be assigned to a collections agency. This action will result in a collection fee of 25% of the outstanding balance. The collection fee will be added to the past-due balance owed to Molloy College. An account assigned to a collection agency may affect the student's personal credit rating.

If an account assigned to collections remains unpaid after one year and must be placed with a second collection agency, the collection fee may be up to 33 1/2% (added to the past-due balance owed to Molloy.

IMPORTANT: No student will be allowed to register for a new academic semester if they owe money from a previous semester.

Additional information on Tuition Policies and Procedures