OLOL College

Bursar Policies

Tuition and Fee Payment Deadlines

Students must have payment arrangements in place for the full balance due by the published payment deadline each semester.  Payment arrangements include the following.

  • Payment out of pocket – Balance must be paid by the deadline
  • Nelnet (FACTS) payment plan – Must be enrolled by the deadline
  • Financial Aid* – Aid must be awarded and accepted by the deadline
  • Any combination of these options

*This includes federal, state, and institutional aid received directly by Our Lady of the Lake College. Outside scholarships and/or loans, VA benefits, etc, disbursed directly to the student will not be considered as pending aid towards the balance due.

For payment arrangements not listed above, please contact the Bursar’s Office well in advance of the payment deadline.

Students who do not have satisfactory payment arrangements in place by the deadline will be purged from their classes.  Purged students who re-register will be assessed a late registration fee and will need to have payment arrangements in place before the next purge.

Please note: Students who do not plan on attending must officially withdraw through the Registrar's Office.  DO NOT depend on the purge as a method to withdraw.

Refund Policy

When a student drops or withdraws from a course, refunds of tuition and fees are made according to the following schedule.

16 and 8 week courses (Policy in effect through Summer 2014)

On or before last day before semester begins 100% Tuition and Fees
Through 1st Week of classes 100% Tuition(Fees Not Refundable)
Through 2nd Week of classes 75% Tuition(Fees Not Refundable
Through 3rd Week of classes 50% Tuition(Fees Not Refundable)
Through 4th Week of classes 25% Tuition(Fees Not Refundable)
After 4th Week of classes 0% Tuition and Fees

 

4 week (or less) courses 

On or before last day before semester begins 100% Tuition and Fees
Through 2nd day of classes 100% Tuition(Fees Not Refundable)
Through 3rd day of classes 75% Tuition(Fees Not Refundable
Through 4th day of classes 50% Tuition(Fees Not Refundable)
Through 5th day of classes 25% Tuition(Fees Not Refundable)
After 1st week of classes 0% Tuition and Fees

 

 For information regarding issuance of credit balances and financial aid refunds, go to the Refund Disbursement page.

 


Privacy Policy

The Bursar's Office strictly follows the guidelines provided by FERPA (The Family Rights and Privacy Act of 1974).  Financial records will only be released to the student who holds the account (and to any approved institutions/agencies who have a financial stake in the account).  If a student wishes to allow a parent/spouse or other person access to financial records, he/she must provide written authorization to the Registrar's Office.  The release form is available on the Registrar's Forms page.