Above all, students are responsible for their statement balance. Keep the Office for Financial Services informed about pending financial aid (including loans) and your personal circumstances. If you have a life-changing event, it could be beneficial to talk with Financial Aid to determine if there is additional aid available.
On the 10th of each month, a $100 late charge will be assessed on student accounts that have a balance due.
Students will receive the late charge if one of the following is true:
- Your “Amount to Pay” is $1,000 or more.
- It is October (for Fall) or March (for Spring) and you still have a pending loan or Luther Aid. This indicates you are missing information (such as the FAFSA) or haven’t completed your loan application. Please refer to the missing documents on https://norsehub.luther.edu or contact the Financial Aid Office so your aid can be finalized.
**Tuition, Room, Board and Fees: If you intend to be a Full-Time student and have not yet registered for classes or been assigned a residence hall room, you are responsible for increasing your “Amount to Pay” on your statement of account to include tuition, room, board, the technology fee, and co-curricular activity fee. Calculate the total and remit your payment by the due date to avoid a late charge. After you register for classes and are assigned a room and board plan, your statement will be updated to reflect these charges. (Note: A delay in registering for classes does not delay your responsibility for paying your Luther bill by the due date.)
*Anticipated Outside Scholarships and EPIC & Founding Congregation Grants (Luther’s share and the church’s share): These grants and scholarships will be considered exceptions and no late charge will be assessed if they haven’t been credited to your student account. However, it is important that you work with the organization or church to ensure the funds are sent to Luther College in a timely manner.
*Pending Vocational Rehabilitation Grants and Davis United World Scholarships: These grants and scholarships will be considered exceptions and no late charge will be assessed if they haven’t been credited to your student account. Luther College will work with these organizations to ensure your funds are collected in a timely manner.
*Pending Veterans Benefits: Luther College will not impose any penalty including the assessment of late fees, denial of access to classes, libraries or other institutional facilities and/or the requirements that a Chapter 31 or Chapter 33 recipient borrow additional funds to cover the individual’s inability to meet his or her financial obligations to the insitution due to the delayed disbursement of a payment by the U.S Department of Veteran Affairs.