Student Accounts and Balances
Students must pay all outstanding charges in full or finalize payment arrangements
prior to registering for the next term. To determine the upcoming term’s balance,
students should use the Student Financial Calculator. The balance due is the difference between the total amount of outstanding charges
and the total net amount of awarded financial aid.
Tuition balances may be paid using any of the following methods:
- Online: eCheck transfer or credit card;
- Cash, personal check, cashier’s check, money order, wire transfer or Flywire;
- Received or anticipated disbursement of financial aid;
- Tuition Pay Payment Plan; or
- Any combination of the above.
Additional Information:
- Delinquent accounts are referred to an outside collection agency.
Questions regarding payment of student account balances and financial aid should be directed to The One Stop.
Returned Payments
The fee for unpaid/returned payments is $25.00. All unpaid/returned payments must be paid with cash, cashier’s check, money order, wire transfer, or online with a credit card, within five business days. The student’s check/e-check payment privileges will be terminated for one year if two check/e-check payments are rejected by the payee’s financial institution. All further payment transactions must be in the form of cash, cashier’s check, money order, wire transfer, or credit cards.
Return of Financial Aid at The Time of Withdrawal and Leave of Absence
Students who take a leave of absence or withdraw from Otis College may lose all or part of their financial aid. The Financial Aid Office adheres to the Department of Education Return of Title IV fund calculation. The amount of earned financial aid may be prorated based on the last day of attendance. Students must complete at least 60% of the semester to earn 100% of the disbursed federal funds. The last date of attendance is confirmed by the Registrar and used as an official withdrawal date. Returns are processed in the following order:
- Federal Direct Loan (Unsubsidized)
- Federal Direct Loan (Subsidized)
- Federal Direct Parent/Grad PLUS Loan
- Federal Pell Grant
- Federal SEOG
- Cal Grant
The student is responsible for any outstanding balance caused by the returned funds.