RE: Request for Late Fee/Returned Check Fee Information

Sarah,

SIU Edwardsville charges a 1.5% late fee on the balance that was not paid
when due and a $25 bank-returned check fee. After 2 bad checks, no more
checks accepted on the account for 2 years.

Barry Greenberg

-----Original Message-----
From: bursar-l-bounces@list.mail.Virginia.EDU
[mailto:bursar-l-bounces@list.mail.Virginia.EDU] On Behalf Of Steger, Sarah
M.
Sent: Tuesday, June 21, 2005 02:46 PM
To: bursar-l@Virginia.edu
Cc: Steger, Sarah M.
Subject: Request for Late Fee/Returned Check Fee Information

Hi Everyone, we are reviewing our charges for Late Fees and Returned Check
Fees. Would you please share the amount your institution charges for late
fees on past due charges on a monthly basis? In addition, how much is your
institution charging for returned check fees?

Central Michigan University charges $20 in late fees each month for balances
for $40.00 or more, up to a maximum of $120.00 in late charge fees for the
existing past due.

Central Michigan University charges $25.00 for returned check fees, if the
account becomes past due because of the returned check then they would
receive a $20 late fee. In addition, if the returned check is for tuition,
an addtional returned check fee of $25.00 is charged.

Thank you for your assistance. Sarah

Sarah Steger
Central Michigan University
Assistant Coordinator
Receivable Accounting

Mail Payments/Correspondence to: UC 119
Mount Pleasant, MI 48859
(989) 774-3159 Fax: (989) 774-1452

stege1sm@cmich.edu
Or Pay Credit Cards or Electronic Checks Online @ oasis.cmich.edu

Or Walk-In Service Available UC 119 Bovee Center Lower Level Student Service
Court

Detailed Account History @ oasis.cmich.edu