- Unpaid balances can result in obstacles to re-enrolling next semester.
- Some schools will place blocks on your transcript.
If you’re a returning college student, failure to close out an account balance could strip you of student status at your school. Don’t make the mistake of not paying off your student account; see below for more details about lingering account balances.
As the semester winds down, many students find that they still owe their school money. Balances on student accounts accrue for various reasons – unpaid tuition, higher meal costs than budgeted, miscellaneous charges, etc. – but no matter the reason it is important for students to clear these charges.
In some cases, student loans can be used to cover these balances. This is most straightforward if the balances are from the current semester or academic year. So, before the academic year officially ends, if you think student loans might be appropriate to cover your balances, you shouldn’t delay.
Paying for the Second Year
- College Finances Home
- Are you keeping track of how much you borrow?
- College Costs Keep Rising
- College Tax Benefit News
- Deciding to Transfer Colleges
- Paying for the Second Year of College?
- Preparing College Finances
- Separation Causes Emotional and Financial Worries
- The End of Freshman Year
- Tightening College Finances