Any student who has not paid or does not expect to have sufficient funding scheduled to cover his or her outstanding account balance prior to the first day of classes may be subject to the Administrative Withdrawal Policy and academic withdrawal. The student may complete and sign a student promissory note at the Bursar’s Office in order to start classes. To complete this promissory note, the Bursar will require the student to demonstrate a financial plan that will cover the entire outstanding balance.
Examples of acceptable financial sources include:
- Any combination of approved student loans
- Approved parent loans
- A private scholarship notice
- A TuitionPay monthly payment plan contract
- A one-time per-semester credit card payment through the TuitionPay in Full plan
- Documented federal and state aid
- Proof of expected payment from a 529 Prepaid Tuition Plan
NOTE: If the school has not received the results of the student’s FAFSA prior to the completion of the promissory note, the estimated federal financial aid cannot be used to complete the promissory note. If the student is not able to demonstrate a financial plan, and/or no student promissory note has been signed, he or she will be administratively withdrawn (i.e., the student will not be allowed to attend classes, rehearsals, auditions, or participate in any other Conservatory activities). In addition, he/she will not be allowed to move into Conservatory housing or use a meal plan.
When a student signs a promissory note, that student has the first 10 class days to complete the financial plan outlined in the promissory note. A student who presents a viable financial plan can sign a promissory note up until the end of the ninth day of classes. However, all promissory notes have to be fulfilled by the end of the 10th day of classes. If the requirements outlined in the promissory note are not met by the end of the 10th day of classes, the student will be administratively and academically withdrawn from classes, housing, the meal plan, and all other Conservatory activities, including auditions and rehearsals. If a student is in Conservatory housing and/or on a meal plan, he/she will have to vacate the room and can no longer use the meal plan. The student must vacate his/her room by the third day after the 10th day of classes.
The dean of academics will be notified of any student who signs or does not sign a promissory note. The dean will notify all students who may be administratively and academically withdrawn.
A late payment fee of $200 will be assessed to any student account that has a balance due after the published due date.
Outstanding Balances from Prior Semester
A student with an outstanding balance from a prior semester is subject to the Administrative Withdrawal Policy, if this prior semester balance is not paid in full before the first day of the new semester. He or she will be administratively and academically withdrawn from classes, housing, the meal plan, and all other Conservatory activities, including auditions and rehearsals.
Outstanding Balances during the Semester
If expected funding from loans and/or TuitionPay monthly payments are in default or cancelled on a student’s account during the semester, the student may be administratively and academically withdrawn from classes, housing, the meal plan, and all other Conservatory activities, including auditions and rehearsals.
NOTE: It has been and remains the policy of the Conservatory to withhold all diplomas, degrees, official transcripts, and other official recognition of work done at the Conservatory from students with any outstanding debts to the Conservatory. This policy includes, but is not limited to, amounts owed in satisfaction of tuition, loan agreements, fees and charges, and monies owed for occupancy of Conservatory residences and food service. No student with an outstanding balance, including library fines, will be allowed to participate in commencement. No student may withdraw from the Conservatory in good standing or graduate from the Conservatory unless all current obligations to the Conservatory are paid in full. Any student who does not fulfill the financial commitments to which they agreed may be subject to the Administrative Withdrawal Policy.