Credit and Payment Policy
Students who register for classes at North Arkansas College are
required to pay all related tuition and fees on the day of enrollment, or have made allowable
payment arrangements by the posted deadline. Any tentative enrollment
will be voided if payment arrangements are not made by this deadline.
Payment arrangements include awarded financial aid, written,
non-revocable payment commitments from approved third-party entities, or
certain timed installment payment agreements via e-Cashier.
Charges to awarded financial aid require that (1) the application has
been filed, (2) eligibility has been determined, (3) any selected data
has been verified, and (4) the actual award has been processed. Any
awarded financial aid will be used to first satisfy any account balance
before the residual, if any, is remitted to the student.
The following procedure will be applied to students who are awarded
financial aid (Institutional awards and scholarships) and also have
written non-revocable payment commitments from an approved third-party
entity (State, Federal or other approved entity), or certain timed
installment payment agreements (Payment Plan):
- Financial aid will be processed in the order and by designated commitment of aid received.
- Financial aid will be used as designated to first satisfy any
account balance before the residual, if any, is remitted to the student.
- As payment commitments from third-party entities are received,
the funds will be applied to account balances as designated, with the
residual, if any, reimbursed to the student.
Any timed installment payment arrangement (on-line Payment Plan feature) will require full payment within ninety (90)
days from the start of the Fall and Spring semesters and prior to the
start of classes of the Summer I, Summer II, or any offered mini-terms.
Timed installment payment arrangements will include an application fee,
possible processing fees, potential delinquent payment fees, and
acceptance of possible collection costs.
Students electing any qualified payment arrangement agree to the
stipulation that upon any arrangement default or delinquent account
status, North Arkansas College may deny future enrollment and/or refuse
to release any transcripts and records until the debt is satisfied.
Course textbooks and supplies obtained from the North Arkansas
College Bookstore may only be charged to awarded financial aid with
adequate remaining coverage after any tuition and fee charges or to
written, non-revocable payment commitments from approved third-party
entities. Students will be required to present a Northark photo I.D.
Bookstore purchases will not be eligible for any timed installment