News from the Bursar's Office

A change in interest charges

By Henry Saas

The Bursar’s Office wants to make sure you’re aware of a slight change in the way interest is assessed. As you know, we assess interest at a current rate of 1% per month on the unpaid balance of a student’s account. We do not assess interest for fall charges on the July and August invoice, nor do we assess interest for spring charges on the December invoice.

Now here’s the change: Beginning this year, we will assess interest in August on any outstanding balance, including fall semester charges. If you have questions, please contact the Bursar’s Office at 513-745-3435 or xubursar@xavier.edu.