Late Payment Charge on student accounts with outstanding balances of more than $100

Student accounts with outstanding balances of more than $300.01 as of February 29th will receive a Late Payment Charge of $50, in addition to monthly interest charged on overdue balances. Student accounts with outstanding balances between $100.01 and $300.00 as of February 29th will receive a Late Payment Charge of $25, in addition to monthly interest charged on overdue balances