Students who are not returning to the university must pay in full within sixty (60) days of separation. To avoid collection procedures, students must arrange monthly payments through the Office of Financial Resolution prior to the 60-day deadline.
If full payment or satisfactory arrangements are not made within ninety (90) days, the account will be referred to a collection agency. Once referred, students will have thirty (30) days to dispute the charges or make payment directly to Oakwood University before the account is permanently assigned to the agency. After assignment, additional collection costs of up to 33% will be applied.
It is in the student's best interest to pay their full balance by the end of each semester. Students are advised to regularly review their account online to ensure that all expected payments and resources have been received. The student remains responsible for any outstanding debt, regardless of whether a billing statement has been received.
Note: Transcripts will not be released for students with outstanding balances.