An outstanding balance is the total amount still owed on a loan.
What does tuition balance mean?
Tuition Balance means the balance of the full tuition amount specified on Exhibit A hereto, which must be timely paid in order to facilitate and maintain access to the VSA Course as described in Section 2 below.
How do I pay my tuition balance off?
- Get on a Payment Plan. Not all colleges expect you to pay their tuition in a lump sum.
- Contact the Financial Aid Office.
- Apply for Private Student Loans.
- Apply for Scholarships.
- Don't Sweat It.
What does balance mean on financial aid?
When financial aid is disbursed to a student's account, it is applied to the student's account balance. If there is a credit remaining after all tuition and fees are paid, the student's account is reviewed to determine if the credit should be refunded to the student.
What does account balance mean on financial aid?
Account Balance net of Authorized Financial Aid: the total balance for the current and previous terms, less the selected term's authorized financial aid. Current Due net of Authorized Financial Aid: the total balance due for the selected term, less the aid authorized for the selected term.
What does it mean if my tuition balance is negative?
A negative balance indicates that your bill was overpaid and that you may be eligible for a refund. You may only receive your refund after the semester starts and your anticipated credits are disbursed to your student account.
How do I pay my tuition off?
- Borrow only what you need. Don't view student loans as free money.
- Live like a student. The phrase “broke college student” exists for a reason.
- Take on freelance work or a side hustle.
- Pay student loan interest payments.
- Apply for scholarships and grants.
- Negotiate lower tuition.
- Consider community college classes.
How do I pay off my college balance?
- Fill out the FAFSA to claim federal loans. If you need to cover college expenses (such as past-due tuition), your first step should be filling out the Free Application for Federal Student Aid (FAFSA).
- Speak to your financial aid office about emergency loans.
- Use private student loans.
What happens if I don't pay my tuition balance?
What Happens When You Have Unpaid Tuition? An unpaid tuition bill can also end up in collections. Your school may have its own collection department or it may sell unpaid tuition debt to a collection agency. If collections aren't resolved and the amount owed paid, your school may choose to take legal action.1 May 2021