Student Accounting

Policies

• Late Fees: Tuition and fees are due in full by the stated due date on the statements. Any balance remaining on the account after the due date will be subject to a 2% late fee each month the outstanding balance remains on the account.
• Holds: Various holds can be placed on a student’s account at any time throughout the school year. One of the more common holds is the Student Accounting Hold. This hold is placed on accounts with past due balances. In order to have the hold removed, you must pay your account balance in full. Until the balance due is paid you will not be allowed to drop/add a class, request a transcript, or register for classes for the following semester.
• Wire Transfers: Washington University will not accept a wire transfer for more than $10,000 over the balance due on the student account. For example, if the total amount due is $10,000, the most that can be wired is $20,000. Any amount wired over the $10,000 maximum will be returned, in total, to the originating bank.
• Returned Checks: A $25 fee is charged to the student's account when a check is returned for any reason. This fee is charged by the bank and then passed on to the student.
• Returned Online Payments: A $5.25 fee is charged to the student's account when a check is returned for any reason. This fee is charged by the bank and then passed on to the student.
• Holding period of refunds for cash payments:
  • If a payment is made by check, it has to be held for 21 days from the date posted to the student’s account to be certain the payment has cleared the banking system before a refund can be issued.
  • If a payment is made online, it has to be held for 7 days from the date posted to the student’s account to be certain the payment has cleared the banking system before a refund check can be issued.