Tuition and Fees
Interest
DELINQUENT ACCOUNTS
Charges are due and payable by the due date shown on the billing statement. Accounts that remain unpaid will be considered delinquent and in accordance with
the requirements of General Statute 147-86.23 will be assessed interest on any unpaid balance. The annual interest rate used is established by the State of
North Carolina, and is currently 5%.
CALCULATION OF INTEREST
A charge is considered due on the due date for purposes of calculating interest. A charge is delinquent 90 days after the due date. Interest is assessed
when a charge becomes delinquent, and is calculated at the rate of 5% on the unpaid balance from the date due until paid. Late payment interest charges are
considered payable when charged, and if unpaid will be included in the unpaid balance for subsequent interest calculations.
