By accepting Stanford's offer of admission and enrolling in classes, each student accepts responsibility for paying all debts to the university, including tuition and fees, for which he or she is liable.
All charges and credits from offices within the University are aggregated in a student's individual account and presented on the University Bill. Student Financial Services sends the University Bill electronically to students monthly. Students may view their account online 24 hours a day, seven days a week, via Stanford ePay at http://axess.stanford.edu. Payments can be made online through Stanford ePay or the bill and a payment stub may be printed.
Term fees, such as tuition, fees, room, board, and health insurance, are due and must be received on the 15th of the month. Online payments via Stanford ePay can be made up to midnight PST on the 15th of the month. Mailed payments must be postmarked by 5:00 p.m. on the 15th of the month.
After the start of the term, adding units may result in additional tuition charges. Other fees, such as room damage repair charges, petition fees, late fees, lab fees, and other miscellaneous fees, are due after they are billed.
Fees may be paid: via Stanford ePay (preferred); by mail at 632 Serra Street, Room 150, Stanford, CA 94309-6036; in person at the Cashier's Office, Maude Modular, 632 Serra Street, Room 150; or at the 24-hour secure drop box on the wall outside the staff entrance to Maude. The Cashier's Office is open from 9:00 a.m. to 5:00 p.m., Monday through Friday, excluding University holidays. Payments received in the drop box after 5:00 p.m. are processed the following business day.
An individual's registration as a Stanford student constitutes his or her agreement to make timely payment of all amounts due.
ACCOUNT FEES AND ACTIONS
Late FeesThe University must receive the full amount due on or before the due date indicated on the bill. If full payment is not received by the due date, a late fee of 1.0% of the amount past due may be assessed. Anticipated aid (aid that has been accepted but not disbursed and is shown on the student account) reduces the total amount due prior to late fees being applied.
HoldsAccounts that become past due more than 30 days are subject to financial holds. A financial hold blocks transcripts, diplomas, and enrollment eligibility.
Nonsufficient FundsChecks or eCheck payments returned due to insufficient funds have already been submitted twice to the bank. A non-refundable $25.00 administrative fee is assessed. In addition, student accounts are subject to holds and late payment penalties may apply.
Delinquent AccountsDelinquent accounts may be reported to one or more of the national credit reporting agencies. Severely delinquent accounts may be referred to a collection agency and/or placed in litigation in accordance with state and federal laws. Students with delinquent accounts may be held responsible for collection costs, attorney fees, and court costs.
FORMS OF PAYMENT
The preferred method of payment is electronic check (eCheck) using the online service, Stanford ePay. There is no fee associated with eCheck. In addition to Stanford ePay, Stanford accepts the following forms of payment: personal check, cashier's check, money order, travelers checks in U.S. funds drawn on U.S. banks, cash, and wire transfer (recommended for foreign students, see http://fingate.stanford.edu/students/universbill/payment_methods.html#wire_transfer for wire transfer instructions). Stanford does not accept postdated checks.
Effective August 20, 2009, Stanford will offer a Payment Plan allowing students to pay their tuition and other standard quarterly charges over a three-month period. A small setup fee of $25 will be charged when a student enrolls in the Payment Plan. Students will have the option of enrolling each quarter. Enrollment instructions will be available on or before August 20, 2009, on the Overview: University Bill Payment methods page of the Gateway to Financial Activities site, see http://fingate.stanford.edu/students/universbill/payment_methods.html#payment_plan.