Holds and Late Fees
At Rollins College, we are committed to ensuring students understand and manage their financial responsibilities effectively. Please review the following important policies related to financial holds, late fees, and the Student Financial Responsibility Agreement:
Financial Hold:
Students with a past-due balance of $1,000.00 or greater will be placed on a financial hold. This hold will restrict the ability to register for future courses, modify class schedules, maintain enrollment for upcoming terms, or move into campus housing.
Late Fees:
All past-due balances of $1,000.00 or greater will incur a monthly late payment fee of one percent (1%).
Student Financial Responsibility Agreement Hold:
All students are required to complete the Student Financial Responsibility Agreement before registering for any term in My Rollins. For example, if you are registered for the fall term, you must complete the Student Financial Responsibility Agreement for the spring term prior to registering for any spring classes.
Important Notice Regarding Financial Aid Adjustments:
Please be aware that any adjustments to your financial aid that result in an increased account balance, such as loan cancellations, financial aid that did not disburse due to incomplete documentation, or reductions in aid, are considered past due, even if the corresponding balance has not yet been billed.
If the amount of financial aid originally reflected on your account is not disbursed, a 1% late fee may be applied if the undisbursed aid caused an increase to your account balance that results in a total balance of $1,000 or greater. As a result, a financial hold may be placed on the student’s account.