Accounts Receivable Policies

Late Payment Fees

• North Dakota State University assesses a monthly late payment fee of 1.75% on all past due accounts.
• The late payment fee assessed is based on the principal balance owed at 11:59 p.m. on the 15^th of each month and will be posted to the account on the first business day after the 15^th.
• Late fees for student accounts begin after thirty days of delinquency; corporate accounts begin after sixty days.
• Unpaid late payment fees do not accrue additional fees.

Non-Sufficient Funds (NSF) Payments

For Individuals WITH an NDSU Campus Connection Account

Check or electronic check payments returned for non-sufficient funds, stop payment requests or a closed account may result in:

• A $25.00 Returned Check Fee.
• The amount being reflected in Campus Connection as owed to NDSU.
• The placement of a Customer Account Services hold denying the account holder the ability to pay by personal check.
• Cancellation of the student's enrollment in the current or future semester.

Students are responsible for making sure their payments successfully clear the bank. Any registration hold that was removed because of the payment will be placed back on the account and the student will be required to make a new payment immediately. If payment is not reissued by the required date, the student’s registration may be cancelled. Students with repeated returned payments may face additional restrictions, such as being required to pay with certified funds, losing check or bank draft payment privileges, or waiting up to fourteen days for a registration hold to be lifted to ensure the payment clears. The college is not responsible for enrollment, academic, or financial aid issues caused by returned payments.

For All Businesses and Individuals WITHOUT an NDSU Account

Check or electronic check payments returned for non-sufficient funds, stop payment requests or a closed account will result in:

• A $25.00 Returned Check Fee.
• May result in the referral of the debt to the North Dakota State Attorney General's Office
• May result in the suspension of payer's ability to submit future payments by personal check.

For questions regarding this procedure or to make arrangements to resolve a returned payment please contact Customer Account Services at (701) 231-8782.