Lakewood University Internal Payment Plan Policy
Purpose:
The purpose of this internal payment plan is to provide financial flexibility to students enrolled in vocational programs at Lakewood University. This policy outlines the terms and conditions for students who wish to participate in the university’s internal payment plan.
Eligibility:
The internal payment plan is available to any enrolled student interested in utilizing this option to pay their tuition and fees. To participate, students must be actively enrolled in a vocational program at Lakewood University.
Payment Plan Terms:
- Enrollment Requirement: Students must officially enroll in a vocational program at Lakewood University to qualify for the payment plan.
- Payment Duration: Students utilizing the payment plan must ensure that their outstanding balance is paid in full no later than 180 days from the end of their enrollment period.
- Continuation Requirement: The full balance of the payment plan must be paid before the student can begin training for the next term or any subsequent enrollment period starting on or after the expiration of the payment plan.
- Payment Schedule: Payment amounts and due dates will be determined at the time of enrollment in the payment plan. Payments must be made in accordance with the agreed-upon schedule.
- Late Payments & Penalties: Failure to adhere to the agreed payment schedule may result in late fees, registration holds, and ineligibility for future payment plans. Repeated non-compliance may result in further administrative actions, including withdrawal from the program.
- Method of Payment: Payments may be made via credit card, debit card, ACH transfer, or other approved payment methods through the university’s financial office.
- No Carryover Balance: Students with an outstanding balance beyond the 180-day limit will not be allowed to register for additional coursework, receive official transcripts, or continue enrollment until their balance is settled.
Compliance & Enforcement:
Students who fail to meet the terms of the payment plan will be subject to administrative restrictions, including but not limited to:
- Academic registration holds.
- Ineligibility to receive transcripts, certificates, or diplomas.
- Suspension from future enrollment until all financial obligations are met.
By participating in this payment plan, students acknowledge and agree to abide by all terms and conditions outlined in this policy. Questions or concerns regarding payment plans should be directed to the Lakewood University Financial Services Office.
Approval & Acknowledgment:
Students must sign a formal agreement before participating in the internal payment plan, acknowledging their understanding and acceptance of these terms.
