DESCRIPTION

ccounts Receivable signifies all funds to be collected (receivable) by the University of Oklahoma. The Bursar's Office, Room 105, Buchanan Hall, is responsible for collection of accounts receivable and is the designated depository for all cash collections.

All tuition and fees, University Housing charges, Goddard Health Center charges, miscellaneous service charges and fines are billed and collected through an automated Accounts Receivable System. Monthly bills are mailed to all students, staff or faculty who have University accounts with balances. The Bursar's Office processes charges and collects payments for other departments as an institutional support service. Any questions concerning bills, transaction listings or other aspects of the Accounts Receivable System should be referred to the Office of the Bursar at 325-3121. Questions concerning specific charges should be directed to the department originating the charge.

Tuition and Fee Charges for each semester or summer session are posted on the Accounts Receivable System. Students are encouraged to pay their tuition when these bills become available. To avoid any penalty and service charge, all charges must be paid by published deadlines.

The University also provides a tuition and fees payment plan. Participation in the Fee Payment Plan will be limited to currently enrolled students for the semester in progress. College of Continuing Education charges are excluded from the payment plan. Students receiving Financial Aid will be required to apply all of their aid to their account up to the total amount owed.

Participation in the Fee Payment Plan requires no application or acceptance. Simply paying the minimum payment amount on each monthly statement by the due date listed on the statement constitutes participation in the plan.

The Fee Payment Plan applies to current semester tuition and fees (including course user charges) only. All other charges (housing, telephone bills, Continuing Education, Goddard, etc.) are due on the 15th of the month following the statement containing the charge. Parking and Transportation citations are due within 30 days of date of the citation.

The minimum payment due will be calculated as the total month's ending balance of non-tuition and fee charges plus the appropriate percentage of tuition and fees. Percentages used are 25% for the first month of Fall or Spring Semester, 33.33% for the second month, 50% for the third month, and 100% for the fourth month.

A Service Charge will apply to all accounts (student, ex-student, faculty, staff, etc.) and will be assessed on the total account balance (tuition/fees and non-tuition/fees, Continuing Education).

The 1.5% service charge will be computed on the prior month's statement ending balance minus payments and other credits received during the first 15 days of the current month. The minimum monthly service charge is fifty cents ($0.50). The service charge will be assessed on the 16th of each month or the last working day preceding the 15th if the 15th is not a working day. A $50.00 semester end penalty will be charged on any outstanding tuition and fees.

Service charges will continue to be assessed to old delinquent accounts until such time that the account is paid, charged off, or placed for collection with a collection agency.

Service charges will be assessed in addition to (not in lieu of) late charges in effect for Telecommunications, Housing, Parking and Transportation, or other departments with late charge policies.

The Loans and Scholarships section of the Bursar's Office is responsible for the disbursement of financial aid funds. Beginning one (1) week prior to the first official day of the fall and spring semesters, the Bursar's Office will distribute financial aid funds to students who have been authorized by the Office of Financial Aid Services and met all eligibility requirements for disbursement.

Students eligible for any general fee/tuition waivers should contact this section of the Bursar's Office at 325-3123 to insure their account is adjusted properly.

tuition, fees and other charges for students on scholarship may be billed by the Bursar directly to the scholarship sponsor. Documentation authorizing the scholarship must be presented to the Scholarships and Loans section.

Graduate Assistants, Teaching Assistants and Research Assistants eligible for non-resident tuition waivers may check with the Bursar's Office to determine if their account has been adjusted. All appointments (.50 FTE for the entire semester to be eligible) must be within the payroll system to be processed.

Information and questions regarding the disbursement of financial aid, scholarship, and loans should be directed to this section at 325-3123.

Payroll warrants can be picked up at Buchanan Hall, Room 208, on payroll dates. Arrangements can also be made to have your payroll deposited automatically into your account at any participating financial institution. Contact the Payroll Disbursement Section of the Bursar's Office for additional information at 325-5878.



Click HERE to return to the TOP of this page