Overview
Upon admittance to the University of Oregon a student billing account is established in the student’s name. This account is used for most charges incurred at the university. All students are sent a Revolving Charge Agreement that explains the terms and conditions of the account. Students are asked to complete and return the Revolving Charge Agreement to acknowledge that they’ve read and understand the terms and conditions of their student billing account.
Oregon Administrative Rules 571-060-0005 and 571-060- 0040 give the U of O the legal authority to charge a $6.00 - $10.00 billing fee and 9% annual interest on the account, after the 10 day grace period has expired.
University of Oregon
Revolving Charge Account - Terms and Conditions
DEFINITIONS:
Student- Any person who is currently or has in the past been enrolled at the University of Oregon.
Authorized Payer- Any person the student authorizes to have access to their billing statement online in QuikPAY®.
Due Date- Date set by the University of Oregon for payment, as specified on the billing statement or other form of the notification, such as class schedule.
Future Date- Amounts shown on the account, which are due at a future date not in the current billing cycle.
Grace Period- The amount of time after the due date a payment can be made without incurring interest and billing charges.
Statement Balance- Total amount of account balances at any given time.
Total Due- All charges on the billing statement that are due and need to be paid by the end of the grace period to avoid interest and billing fees.
Minimum Due- The amount that should be paid to keep the account current, subject to interest and billing fees.
Past Due- The total of past due amounts, including fees, charges, prior interest and penalties, less payments and credits received to date. Amounts are considered past due when not paid by the due date, and on which University of Oregon may impose penalties. The past due balance does not include any new charges added to an account since the last billing or to charges assigned future due dates.
Delinquent Account- Any account on which the required payments have not been paid.
Initial Registration- The first registration action for a (future) term. This action should take place as soon as possible after a student’s assigned registration time as noted in the Schedule of Classes.
1. Eligibility. Any person, organization or agency that incurs charges, fines, or penalties at University of Oregon is eligible to participate in the Revolving Charge Account program.
2. Required Payments. Students must pay all past due amounts and a specified amount of the current term's tuition and fees by the designated due date. Any unpaid balance is subject to the terms and conditions of the Revolving Charge Plan. The option to pay the unpaid balance in full always exists. Specific payment dates are listed in the class schedule. University of Oregon may deny use of the minimum payment privilege to a person who does not have a good credit history with the University of Oregon or who has been in default on student loans.
3. Late Registration. Students are expected to register using DuckWeb during the open registration period several weeks prior to the start of classes. A late registration fine will be charged to any student who processes an initial registration after the fourth week of classes as noted in the Schedule of Classes. This fine may only be exempted by staff members of the Office of the Registrar for reasons beyond the control of the student.
4. Interest Charges. University of Oregon charges interest on account balances not paid within the grace period.
a. Periodic rate of interest is .75 percent per month or fraction thereof. The annual rate is 9 percent.
b. Balance Computation Method Used. University of Oregon computes the interest charge on an account by applying the periodic rate to the past due balance remaining on the account as of the tenth of the month. This charge is calculated and applied monthly by multiplying the past due balance (as defined above) times the periodic interest rate.
5. Penalties. University of Oregon may impose penalties on delinquent accounts as follows:
a. A billing charge of $6.00-$10.00 will be charged on the next billing date if the total amount due has not been paid during the grace period.
b. Registration may be denied or canceled.
c. The extension of credit, provision of services, grade reports, transcripts, diplomas, and graduation may be withheld.
d. Eviction from student housing may result when accounts are past due.
e. The status of the account may be reported to credit reporting agencies.
f. Accounts may be referred to the Oregon Department of Revenue and/or outside collection agencies.
6. Collection Costs. Accounts referred for collection will be assessed as follows:
a. A charge will be assessed for each collection letter issued on accounts which become 90 or more days delinquent.
b. A charge will be assessed on each account referred to an outside agency for collection.
c. All costs and charges incurred in the collection of any amount not paid when due, including, but not limited to, credit report fees, skip-tracing services fees, Oregon Department of Revenue charges, collection agency charges, reasonable attorney's fees, including attorney fees on appeal, and court costs.
7. Address Updates. Until all outstanding account balances are paid in full, the debtor is solely responsible for immediately notifying the Student Billing Department or the Office of the Registrar of any changed address. Contact the Office of the Registrar for name changes.
8. Repayment through Financial Aid. It is the policy of the University of Oregon to apply all Title IV Higher Education Act financial aid, as well as all scholarships, grants, fee remissions and loans to the current term's charges and any past due balance BEFORE any monies are released to the student. Students wishing to decline the automatic crediting of Title IV aid to a prior term's unpaid institutional charges or to current charges other than tuition, mandatory fees, and room and board must communicate their declination in writing to the Accounts Receivable Department in the Office of Business Affairs no less than 21 days before the first day of classes for the new term.
9. Billing Rights Summary. In case of errors or questions a debtor may challenge a charge within sixty days after the first bill on which the suspected error or problem appeared, by directing his or her inquiry to the office initiating the charge. If an error occurred, affected charges will be adjusted.
10. Notification of Changes. University of Oregon may amend these terms and conditions without securing a new agreement. University of Oregon will notify you of any changes in interest, charges or fees in advance of the change. You have the right to pay your account in full at any time. If you do not, you will be bound by the changes.