Student Financial Responsibility
Students who attend Virginia Commonwealth University assume the responsibility of:
- Full payment of tuition and fees
- Full payment of all charges for housing and dining services
- Keeping a current address on file
- Establishing an official VCU email address
- Reading email on a regular basis
The university does not mail paper bills to enrolled students. Failure to acknowledge and review the electronic bill does not relieve responsibility for timely payments.
Students are ultimately responsible for any unpaid balance on their account as a result of the Office of Financial Aid or their sponsor canceling or reducing the award. The student remains financially liable for the charges deferred on the basis of any financial aid, if later the student is determined ineligible.
It is the student's responsibility for ensuring that all necessary actions have been taken to receive their financial aid awards. Students are also responsible for paying any increase in charges that may occur after the generation of a refund.
The university reserves the right to revise or alter all tuition and fees, regulations pertaining to student tuition and fees, and tuition and fee collection procedures whenever such revisions or alterations are deemed necessary.
Students whose payments are received after the payment deadline may be assessed a late fee, which is 10 percent of the unpaid balance, up to $100. Payment of the late fee is due immediately.
Until all balances owed to the university have been paid, students with past-due accounts will have a hold placed on their account and will:
- Not be allowed to register for future classes
- Not be allowed to receive their diplomas
- Not be issued official transcripts of grades or grade reports
Past-due accounts will be referred to the VCU Collection Unit. Pursuant to sec. 2.2-4805 et seq., of the Code of Virginia, and in accordance with the rules and regulations promulgated by the state comptroller and attorney general of the Commonwealth of Virginia, will charge interest, costs and fees on all past-due accounts. An additional fee of 25% of the outstanding balance will be assessed immediately upon referral to the VCU Collection Unit.
Debt Set-Off Collection Act
Under the provisions of this act, an individual’s Virginia income tax refund will be subject to the university’s claim for any unpaid balance of tuition and fees.