AVILA UNIVERSITY 43 Payments Advanced Payments Tuition Deposit For those students entering in the fall semester, a $100 tuition deposit is due upon written noti- fication of acceptance. This deposit is non-refundable after May 1. Students entering in the fall semester who apply, or who are accepted or who register after August 1, require a $500 tuition deposit.  This deposit is non-refundable.  For those students entering in the spring semester, a $100 tuition deposit is due and is non-refundable after January 1.   Students entering in the spring semester who apply, or who are accepted or who register after January 1, require a $500 tuition deposit.  This deposit is non-refundable. Deposit will be credited to the student’s account in the Business Office and deducted from the semester’s expenses. Room Reservation and Damage Deposit Rooms are reserved by written application to the Residence Life Office and payment of a $50 Room Reservation and Damage Deposit. Payment of Accounts All accounts must be paid in full (via personal payment or financial aid) by the payment due date announced in the class schedule or arrangements must be made to pay in installments through Avila’s  Deferred  Payment  Plan. Avila  accepts  MasterCard,  Visa  or  Discover  credit cards in addition to cash, check, or money order. Each student is required to have a signed stu- dent Payment Agreement  and Guarantee document on file in the Business Office. Financial Aid and Loan Recipients In order for financial aid awards to be applied to the student’s account, aid must be accepted in writing and all aid papers must be signed in the Financial Aid Office. The student will be responsible for any payment due on the scheduled due dates.  Loan pro- ceeds must be finalized to be considered as payment on the student account.  If finalized finan- cial aid does not cover the remaining balance, personal payment will be due on the scheduled dates.  Perkins Loan recipients must sign the loan papers in the Business Office during the first week of classes.  Loan proceeds must be applied to any balance due and any resulting credit balances will be refunded as noted under Credit Balance Refunds. Please remember: Loans of any type MUST BE REPAID whether or not you graduate or are satisfied with the education you receive. Deferred Payment Through Avila’s Deferred Payment Plan, the tuition and fees balance, after accepted financial aid is applied, may be paid in four equal installments throughout the semester. The first payment (25% of balance due) is payable approximately 3 weeks prior to the date of the first class or at the time of registration with the balance payable in three equal installments during the semester. Agreement forms are available in the Business Office and should be signed. If the form is not returned, the enrollee, by making the first payment of the deferred payment plan, accepts all the