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How to Read Your Billing Statement

How to Read Your Billing Statement

The Billing Statement is separated into three major sections:

  • a remitance slip. When mailing in payments, please always include this section and the student's ID number on the check or money order to ensure proper credit to the account. The due date for the adjusted balance due will be in the upper right corner of the billing statement
  • an account summary section. This section contains useful account activity summary at a glance. An explanation of each section and what the numbers represent is included below.
  • a detailed line item section. Every charge, credit, or refund will be detailed in this section. For an explanation of what each line item is, please see our Common Fees and Transactions page. 

 

Summary SectionDescription
Activity Posted Through The date the billing statement was produced.
Previous Account Balance The account balance the last time a billing statement was produced.
Net Charges New charges and refunds appearing on the account since the last time a billing statement was produced.
Net Actual Aid and Payments New payments, financial aid, and other credits on the account since the last time a billing statement was produced. 
New Account Balance The current actual account balance at the time the billing statement was produced. 
Anticipated Aid The total amount of financial aid expected to post to the account. Please note, that it is the student's responsibility to ensure that all necessary applications and paperwork is completed in order to allow the financial aid to post to the account. 
Adjusted Balance Due This is the assumed remaining amount outstanding on the student's account at the time the billing statement was produced.