Financial Holds and Past Due Balances

Financial Holds and Past Due Balances

Account balances not paid by the payment deadlines are assessed a 1.5% Late Payment Charge per month on any unpaid balance.  Bursar holds will be placed on student accounts with past due balances and will restrict specific student privileges until the hold is resolved.  

Past due balances greater than $500 will prevent a student from receiving a diploma or an official transcript from the University.

Past due balances greater than $1,000 will prevent a student from pre-registering for any upcoming semester, charging Bookstore purchases to the student account, receiving a diploma, or receiving a transcript.

Past due balances greater than $5,000 will prevent students from continuing enrollment into the upcoming semester, charging Bookstore purchases to the student account, receiving a diploma, or receiving a transcript. 

Students who fail to meet their financial obligation in accordance with established University regulations will have the status of their account reported to the University Student Account Committee for appropriate action, including cancellation of enrollment/dismissal.

The University reserves the right to refuse to furnish grades, transcripts, certificates, diplomas, letters of honorable dismissal or recommendations, for students who fail to pay their student account balances. When required, the University may utilize the service of a commercial collection agency to assist in the collection of unpaid student accounts.

Refer to the Brown University Bulletin Financial Information for additional details.