Mockup for Check Fin Aid Requirements Page
Billing and Payment Information
Contact Information
You may reach the OUWB Financial Services Office via telephone at: (248)
370-3611 or by mail at:
Oakland University William Beaumont School of
Medicine, Financial Services, Attention: Tina Cardamone, Associate
Director, 216 O’Dowd Hall, Oakland University, Rochester, Michigan
48309-4401.
You may review your account via the Internet by visiting eBill at www.oakland.edu/ebill
Tuition and housing are assessed at approximately fifty-percent of the annual cost in the first semester and the remainder in the second semester.
For more information about on-campus and off-campus housing, click here.
Projected increases for tuition and housing are included in the estimated cost of attendance.
Tuition Rates Subject to Revision
The Oakland University Board of Trustees reserves the right to change any and all tuition rates when circumstances make such a change necessary.
PLEASE NOTE: Our policies regarding tuition and housing bill due dates and payment plans are currently under review. All students will be provided with the revised Financial Aid Policies and Conditions once the review is completed.
Student Business Services will send billing notifications electronically to each student’s official Oakland University e-mail address. Students are instructed on OU email setup post May 15. Students can access their account information, including bills and payment information via the Ebill system using the Grizzly ID and pin number. Questions about your bill may be addressed to the OUWB Financial Services Office.
FAILURE TO RECEIVE AN ELECTRONIC NOTIFICATION DOES NOT EXCUSE STUDENTS FROM REQUIRED PAYMENT ON THE SPECIFIED DUE DATE.
Payment in full of the total balance due will avoid assessment of a 1½% monthly late payment penalty. Student accounts must be paid in full by the established due dates for students to be eligible to register during the next registration period. Online transcripts, diplomas or other statements of record will be withheld and students will be ineligible to enroll and/or continue to be enrolled in future semesters until their obligations have been fulfilled. If an account is not paid in full by the end of the semester, it will be referred to an outside collection agency that will report it to the Credit Bureau.
Financial Aid Recipients
Grants, scholarships and loans are reflected on your bill and deducted from any university allowable charges provided all financial aid requirements are met. If you receive a bill with an amount due, it is important for you to pay your bill by the due date on your billing notification. If you have any amount due and you are expecting to acquire financial aid to pay your bill and your financial aid is not reflected on your bill, you must pay your bill by the due date. Common reasons why financial aid is not on the billing notification are:
-
did not yet apply for financial aid
-
recently applied for financial aid
-
did not complete financial aid requirements
-
recently submitted requested documentation
-
financial aid did not fully cover the bill
A 1.5% monthly late penalty is assessed on any unpaid balance. ANY LATE PAYMENT PENALTIES ASSESSED ARE THE RESPONSIBILITY OF THE STUDENT AND WILL NOT BE PAID BY FINANCIAL AID.
Collection of Delinquent Accounts
By registering for courses or contracting for on campus housing at Oakland University, students acknowledge that they have read and accept the Student Business Services Terms and Conditions
If an account is not paid in full by the end of the semester the university will refer the unpaid student account balance to an outside collection agency and/or charge the student for the actual costs and attorneys’ fees incurred by the University in collecting the account balance; report the account to a credit bureau; and potentially offset the amount due against any future state tax refunds due the student.
If a student account has been referred to a collection agency, the student will receive notification from one of the collection agencies listed below. All future contact regarding the account should be made directly to the collection agency.
General Revenue Corp (800) 234-1472
Make payments and check your balance at www.generalrevenue.com.
Williams and Fudge (800) 849-9791
Make payments and check your balance at www.wfpayaccounts.com
State of Michigan (800) 950-6227
What are the consequences for defaulting on a student account?
-
Credit report damage
-
No mortgage loans
-
May be unable to rent an apartment
-
Garnishment of state tax refunds
-
May have difficulty obtaining car loans
All registrations for a given semester are considered to be temporary and tentative, based on satisfactory academic progress as defined in the OUWB student handbook and total satisfaction of all financial obligations to the university. Oakland University will reverse the future semester registration of any student if the student has a delinquent account balance from a prior semester.
-
All payments must be in U.S. currency.
-
Remittance should be made payable to “Oakland University” and
identified with the student name and the last four digits of the Grizzly
ID number.
-
Payments returned by the bank are considered nonpayment and may
result in cancellation of registration. A $25.00 charge will be assessed
for returned items.
Payment options are as follows:
-
Online through eBill at oakland.edu/eBill. You will need your Grizzly ID number and six-digit SAIL PIN. Payment methods include online checking or savings account (ACH), debit card and credit card. The account will be credited immediately when paying by eBill. Electronic payment confirmations will be sent.
- Authorized User: You may assign your parents or spouse as an authorized user to your eBill account to allow them to view your bill and make payment to your account. To Authorize a User:
- Login to eBill and Select the Authorized Users” tab
- Enter the e-mail address the user you want to authorize
- Select permissions you want to allow (view billing statement and/or payment history)
- Click Continue
- Read Authorization Agreement and check box if agree
- Print agreement and select continue
- The authorized user will be sent an e-mail notification.
-
By mail, to Cashier’s Office, 120 North Foundation Hall, Oakland University, Rochester, MI 48309-4401. Please allow 5-6 days for mail delivery. All payments should include the last four digits of the Grizzly ID number to ensure correct and timely processing. Receipts will not be mailed; your cancelled check is proof of payment.
-
In person,
at the Cashier’s Office, by cash, check, debit card or credit card. The student account will be credited immediately when paying in person. Be sure to bring your driver’s license, OU Spirit Card or other government issued picture identification. Receipts will be mailed to the student if the payment is made by a third party who does not know the Grizzly ID at the time of payment.
PAYMENT PLAN OPTIONS
Disbursable financial aid such as loans and scholarships will appear as a credit on your student bill once it has been approved and applied to your student account. If there is a balance due on your bill, it must be paid by the due date shown to avoid assessment of a 1½% monthly late payment penalty.
Access eBill at oakland.edu/eBill to determine what aid has been
credited to your account. If you think a credit is missing after reviewing your charges by semester, go to the Financial Aid menu in SAIL at sail.oakland.edu to review your financial aid award and requirements.
If you still have questions, contact: OUWB Financial Services, 216 O’Dowd Hall at: (248) 370-3611.
Students whose financial aid is not showing as "authorized" on their bill should see OUWB Financial Services for immediate assistance to ensure all paperwork has been completed. A student's financial aid credit is based on the student maintaining the status specified in his/her award documents. If the student does not complete the semester, aid may be canceled or reduced.
It is important that you read the Financial Aid Policies and conditions and understand how things such as changes to your enrollment, housing plans or withdrawal from classes might affect your award. Important dates related to these issues can be found on the Academic Calendar.
Financial aid policies and conditions, can be found in this document. REPLACE FORM
When the amount of financial aid applied to a student account exceeds tuition and University Housing room and board, a refund will be issued to the student within 14 days of the disbursement of aid. If a student has educationally related expenses assessed to their student account (such as Graham Health Center charges, lost student ID charges, Counseling Center charges, etc.), the student will be responsible for paying these charges out-of-pocket. Financial aid cannot be used to cover these charges.
Processing of credit balance refunds resulting from excess financial aid generally begins 10 days before the first day of the semester. Students who elect to receive their refund by direct deposit will generally receive their refund in 4-6 days from the date it is posted to their account. Students who elect to receive their refund by check will generally receive their refund in 7-10 days (due to mailing time). Refund checks are mailed to the current address on file.
Processing of credit balance refunds resulting from overpayments, dropped course, etc. generally begins after the last day for OU students to add/drop courses for the semester. Students who elect to receive their refund by direct deposit will generally receive their refund in 4-6 days from the date it is posted to their account. Students who elect to receive their refund by check will generally receive their refund in 7-10 days (due to mailing time). Refund checks are mailed to the current address on file.
Direct Deposit:
To elect to have your refund direct deposited:
Students can enroll in direct deposit online through the portal at sail.oakland.edu. After logging in, click SAIL:
Non-Payroll: go to Student Services and Financial Aid, Direct Deposit – Non-Payroll:
- refunds of financial aid
- payments for dropped classes that were made by cash or check
- reimbursements for student organization-related expenses
Payroll: go to Employee Services, Direct Deposit - Payroll
NOTE: Each type of direct deposit enrollment must be completed separately.
Credit Card Refunds:
If a payment is made on a student account by credit card, the credit will be issued to the original credit card. Credit card refunds are processed according to the schedule above. Students must keep in mind that it can take the credit card company up to 3 weeks to complete its portion of the refund process.
Escheats/Unclaimed Property (Un-Cashed Checks): Per State of Michigan regulations, all un-cashed payroll and refund checks (except for Title IV financial aid funds) are to be escheated (sent) to the State of Michigan. Oakland University escheats these checks when they become one year old.
Federal Regulations stipulate that if a refund check that resulted from the application of Title IV financial aid funds is due to escheat to the State of Michigan, the university must instead return the Title IV funds to the appropriate aid program. Oakland University returns un-cashed federal financial aid refunds on a monthly basis.
Please cash your refund check in a timely manner to avoid having to contact the State of Michigan or Oakland University to retrieve funds that were escheated and/or to avoid losing financial aid funds that you were eligible for at the time of disbursement.
Corporate or Agency Sponsored Student Information
Third-Party Billing
Corporate, or Agency (including service obligatory scholarship programs such as NHSC or Military Health Professions Scholars) sponsored students should mail or bring an authorization to the OUWB Financial Services Office authorizing Oakland University to bill the corporation or agency. Authorizations should be submitted by the first bill due date to avoid late payment penalties. OUWB Financial Services is located in 216 O’Dowd Hall.
If the credit does not appear on the next bill, the student should
contact OUWB Financial Services by calling (248) 370-3611 or e-mailing cardamon@oakland.edu. The student will be held responsible for any costs that the corporate sponsor fails to pay.
Vouchers MUST be dropped off or mailed to:
OUWB Financial Services
Attn: Tina Cardamone, Associate Director
216 O’Dowd Hall
Oakland University
Rochester, MI 48309-4401
Michigan Education Trust (MET)
Students who are using MET to pay their tuition and charges should
inform MET directly that they will be attending Oakland University.
For more information, contact MET at (800) MET-4KID or via the Michigan Education Trust website.
Oakland University (“university”) may provide, extend or advance funds, credits and/or other financial accommodations to students, to be applied towards their tuition and/or charges, with the understanding that students will re-pay those amounts. All such amounts, other than scholarships, fellowships, stipends and/or tuition waivers, are loans and/or educational benefits which students must repay to the university together with late payment charges as established by the university. In consideration for allowing students to attend classes, students agree to repay the university for those loans and/or educational benefits and acknowledge that their re-payment obligation is not dischargeable in bankruptcy.
1098-T Tuition Statement
IRS Form 1098-T
To assist you or your parents in taking a tax credit or deduction for qualified tuition and charges paid, the university will issue an IRS Form 1098-T to students each January. The 1098-T reports the amount of qualified tuition and charges billed and grants or scholarships received for the previous tax year. Please visit the Oakland University Student Business Services website for more details regarding 1098-T here.