A student shall be considered to have a delinquent account and be indebted to Columbia College when monies for fees or any form of materials or services have not been paid, or equipment of any kind has not been returned.
Indebtedness to Columbia College may result in:
- withdrawal of student from his/her program;
- not being allowed to register in further courses;
- cancellation of registration;
- withholding transcript and graduation certificates, T2202A’s and other official documents;
- withholding marks statement;
- withholding student loan funding or any refund.
Procedures for Late Payment
For any learner whose fees remain unpaid at the close of the payment date identified on his/her individual fee payment schedule, a simple interest charge of two percent per month (24 percent annually) will be added to his/her outstanding principle amount. This charge will be added to the outstanding principle amount at the close of the first working day of each successive month in which the account remains unpaid.
Any payments made shall be applied first against interest accrued and thereafter, against the principle balance owing.
Interest charges may be waived upon written confirmation of a student loan, sponsorship or scholarship.
Non-Payment or Dishonored Cheques
In the case where a learner has an outstanding Columbia College account, the College will use a third party collection agency to collect the outstanding account. All costs of collection or legal fees connected with the account will be the responsibility of the student.
Dishonored cheques will be charged $30.00. Students whose payment has been returned with an NSF charge will be placed on a “CASH” only basis. “CASH” only means that the learner can only use the following payment methods: cash, money order, certified cheque, or Interac® to pay further outstanding amounts on his/her account. To avoid NSF charges, please allow adequate time for your cheque to clear the bank.
The College assumes the right to secure a portion of or all of a student’s loan to pay fees owed to the College. If the loan amount is less than the total fee amount, the balance is subject to normal payment regulations and deadlines.