Student Debt Policy

  • This policy is designed to ensure all students are treated fairly in relation to the payment of a debt to Iḷisaġvik College.
    • This policy applies to students who apply for admission to or who are currently enrolled in Iḷisaġvik College. For purposes of this Student Debt Policy, “student” is defined as any person, currently or previously enrolled with the college in a program of study which may or may not lead to a degree or certificate.
    • Each student is required to meet with the financial aid officer at the College when first applying for admission or enrollment in courses and every semester he or she is enrolled. Iḷisaġvik College students are often eligible for Federal Financial Aid and are strongly encouraged to apply for financial aid in the form of grants, scholarships, and work-study programs.
    • Iḷisaġvik College encourages every prospective and current student to engage in financial planning in order to avoid excessive debt while attending or after completion of their education at Iḷisaġvik College. Financial planning begins with an estimate of the expenses a student will have. Iḷisaġvik College provides an estimate of the cost of attending college in each term’s course catalog. The student’s main expenses will include but are not limited to, tuition, fees, room and board, books/supplies, transportation, and other expenses such as lab fees.
       
  • Debit Policy
    • Iḷisaġvik College does not provide loans for students in the form of carried balances or debt. Iḷisaġvik College will enforce payment agreements for those who have debt above $500.00. If any student has not met their full financial obligation, Iḷisaġvik College reserves the right to withhold any of its services from the student until the obligations are met. These include, but are not restricted to, the ability to enroll in further classes or workshops, transcripts, letters of recommendation, registration, and additional services such as room and board.
    • For students who are employees of Iḷisaġvik College and owe more than $250.00 to the College, the College will collect this debt to the maximum extent allowed by law through payroll deductions until the debt is satisfied in full.

  • Student Self Pay Agreements
    • The purpose of a student self-pay agreement is to enable a student, who is ineligible for  financial aid or agrees to self-pay, to pay for tuition and fees with a payback agreement. The final payment is due before the start of finals week of the semester the agreement covers. Students are responsible for their own books and supplies.
    • A student is eligible to participate in a self-pay agreement if:
      1. The student is not in default on prior tuition, fees or bookstore charges, and the student remits $250.00 or one-third of the balance due, whichever is less, within 20 days of the current semester registration.
      2. The student must maintain a good credit status with Iḷisaġvik College in accordance with this agreement. Any payments in default (more than 2 weeks) will result in the notification of default and suspension from attending class. If a student does not complete payment by the end of the semester, grades and transcripts will be withheld until the final payment is remitted. Further attendance at the institution will not be allowed until all debts are cleared in the business office.
      3. Fee charges are not refundable if the student withdraws. Tuition is refunded only according to the schedule outlined in the catalog.