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Interest Charges

It is the responsibility of the student to adhere to the published payment due date.

DAILY INTEREST CHARGES WILL APPLY to all balances outstanding after the payment due date each term at the rate of 14% per annum, calculated daily, compounded monthly.

Interest = (14% x Outstanding Balance X number of days outstanding) / 365.

If you are subject to interest charges, they will appear on your account on the first day of the month following the interest assessment. See the University Calendar for Financial Regulations and Policies.