Financial Responsibility Statement
Method of Billing: The University at Buffalo uses electronic billing (e-Bill) as its official billing method, and therefore the student is responsible for viewing and paying the student account e-Bill by the scheduled due date. Failure to review the e-Bill does not constitute a valid reason for not paying the bill on time. e-Bill information is available here.
Billing Errors: Administrative, clerical or technical billing errors do not absolve the student of the financial responsibility to pay the correct amount of tuition, fees and other associated financial obligations assessed as a result of registration at the University at Buffalo.
Payment of fees: Registration for any class at the University at Buffalo incurs full responsibility to pay all tuition, fees and other associated costs assessed as a result of registration. Students must drop any courses before the semester starts or during the first week of classes to remove all tuition liability. Non-attendance in classes will not remove financial liability.
Dropping/Withdrawing from Courses: Students may be responsible for partial or full tuition and fee liability when dropping courses. If a student wishes to drop a course, or formally withdraw from the University, he or she must login to the MyUB student portal and drop their course(s) and follow all withdrawal procedures. Non-attendance of course(s) for which the student is registered does not constitute a withdrawal from the course(s). Enrollment changes may impact the student’s financial aid. Online information is available regarding the tuition liability schedule and withdrawal procedures and financial aid information.
Financial Hold: If the student fails to pay their student account bill or any monies due to the University at Buffalo by the scheduled due date, the University at Buffalo will place a financial hold (BIL) on the student account, preventing registration for future classes, requesting transcripts, or receiving a diploma.
Late Payment Charge: If the student fails to pay the student account bill or any monies due to the University at Buffalo by the scheduled due date, the University at Buffalo will assess an administrative and/or late payment fee per billing cycle on the past due portion of the student account until the past due account is paid in full.
Returned Payments: If a payment made to the student account is returned by the bank for any reason, the student must repay the original amount of the payment. The student account will be assessed a returned check/credit card fee of $20.00 in addition to a late payment fee.
Loss of Anticipated Aid: If the student becomes ineligible for an award and he/she no longer has actual or estimated anticipated aid on their student account, the outstanding charges become immediately due. Do not wait for a revised eBill as failure to pay may result in late payment fees and registration holds. The student must view their current account activity in his/her HUB Student Center via MyUB. In the Student Center under the Finances section, click on the ‘Payment Options’ link, then click on the ‘View Accounts’ menu option.
Returned Financial Aid: Students are responsible for repaying the University any funds that were returned on their behalf to the financial aid program(s) for which they may have lost eligibility. There are various reasons that this might occur, particularly with federal regulations surrounding attendance, academic progress, overpayment, withdrawal, etc.
Collection Policy and Fees: Students with an unpaid balance on the student account at the end of the semester could be subject to additional collection activity. The University may refer the delinquent account to a collection agency and/or the New York State Attorney General’s Office. Students are responsible for paying the collection agency fee of up to 22% and the assessment of additional interest and fees that may be added to the outstanding account balances referred to collection.
IRS Form 1098-T Tuition Statement: Students are to provide a Social Security number (SSN) or taxpayer identification number (ITIN) to the University at Buffalo upon request as required by Internal Revenue Service (IRS) regulations for Form 1098-T reporting purposes. Failure to provide the SSN or ITIN could result in the student being responsible for payment of any and all IRS fines assessed as a result of the missing SSN-ITIN.
Last updated: April 17, 2017 4:59 pm EST