Late Payment Fees
- North Dakota State University assesses a monthly late payment fee of 1.75% on all past due student accounts.
- Late fees for student accounts begin after thirty days of delinquency.
- The late payment fee assessed is based on the principal balance owed at 11:59 p.m. on the 15th of each month and will be posted to the account on the first business day after the 15th.
- Loans, both federal and from private lenders, must be received by NDSU before the late payment fee deadline. No consideration will be granted for loan applications in progress, loans delayed by missing documentation, or lender-imposed waiting periods. Students should allow a minimum of four weeks for the lender to process their loan application and transfer the funds to NDSU.
- Late payment fees will not be waived in instances where the receipt of financial aid was delayed due to inaction by the student. Examples include, but are not limited to, the completion of the FAFSA, accepting loans in Campus Connection, the completion of U.S. Department of Education documents (e.g. MPN) and tasks (e.g. entrance loan counseling), and the submission of verification documents.
- Students with a third-party payor arrangement may be responsible for late payment fees if the required written authorization to bill the sponsor is not received by NDSU prior to the semester due date.
- Unpaid late payment fees do not accrue additional fees.
- Apartment rent is not subject to the 1.75% late payment fee on the fifteenth of each month, however, a separate flat fee of $35 is assessed by the NDSU Residence Life department on late rent payments.