Conditions of Payment 

Charges are listed for the university year. Fifty percent of the comprehensive fee is due by August 1. The balance for all students is due by the start of spring classes in January. Payments must be made before students can register for classes. 

Deadlines for Payment 

Students will not be permitted to begin classes until all tuition and fee payments for the first semester have been paid and will not be permitted to begin second semester classes until all tuition and fee payments have been paid. In order for seniors to participate in Commencement activities, all financial obligations must have been paid two weeks before graduation day. In order for juniors, sophomores and first-year students to participate in Room Draw, all financial obligations must be paid. The university policy for all students is that past and current obligations must be paid in full as a precondition to register or reside on campus. 

Note: The University will not issue transcripts or diplomas if any outstanding balances are due to the MBU business office or bookstore. 

Finance Charges 

An interest charge of 15% a year may be applied to outstanding balances owed after October 15 for the fall semester and February 15 for the spring semester. 

Collection Procedures 

Active collection efforts are made by MBU personnel to collect delinquent payments from current students. When a student who has withdrawn from the university has a delinquent account, MBU pursues legal means to collect balances due. If the university must refer unpaid obligations to a collection agency, the university includes the full cost of collection and/or attorney fees as part of the outstanding obligation.