Contents:
·
Restrictions on Past Due Accounts
·
Monthly Services Charges
·
Financial Holds
·
Outstanding Accounts Transferred to External
Collections Agency
·
Academic Sanctions
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Restrictions on Past Due Accounts
Monthly
Service Charges
If not paid
in full, any outstanding ACORN account balance is subject to a monthly
service charge of 1.5% compounded (19.56% per annum).
All fees and
charges posted to the ACORN account are payable. Students are responsible
for planning sufficient time for payments to reach the University’s bank
account and to be recorded in the student’s ACORN account by the payment
due date. The transfer of funds from major Canadian financial institutions
normally takes three to five business days, however the transfer from Canadian
credit unions and financial institutions from outside Canada can take much
longer.
Paper
invoices are not routinely mailed. Students are expected to monitor their account
on the ACORN at www.acorn.utoronto.ca until the
account balance is fully paid. Non-receipt of an invoice, or failure to monitor
the account on ACORN or email correspondence directed to the student’s official
University of Toronto email address, does not exempt the student from meeting
his/her financial obligations. Students who have left the University will
continue to be able to view their financial account balance and history on
ACORN.
The University considers students to be responsible for all aspects of their
registration. If someone else is handling the payment of fees, it is the
student's responsibility to advise that person of all the rules and
requirements.
See Service Charge section for more detailed
information about payment due dates and service charge billing schedules.
Outstanding Accounts Transferred to External Collections Agency
Outstanding accounts will be transferred to the University of Toronto’s
external collections agency per the following schedule:
Outstanding ACORN/ROSI* Fees from the following
periods will be transferred to external collections:
|
1st Notification for Non-Registered
Students
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Last Notification for Non-Registered Students
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Deadline for Full Payment to be recorded in
ACORN to Avoid Transfer to Collections
|
Outstanding ACORN* Fees will be Transferred
to External Collections Agency by:
|
Summer 2017, Fall 2017, & Winter 2018
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October 2018
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February 2019
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April 30, 2019
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May 2019
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Summer 2018, Fall 2018, & Winter 2019
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October 2019
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February 2020
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April 30, 2020
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May 2020
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*Outstanding library, health services and
registrar’s office fees that are billed outside of ACORN are NOT sent to
external collections
|
Paper
invoices will be mailed to the current ACORN address for non-registered
students in October and February, to provide students with a first and a final
notification of the outstanding ACORN fees that are scheduled to be
transferred to external collections and to provide students with instructions
for addressing the outstanding fees.
If full
payment of the outstanding ACORN fees have not been recorded in the
student’s ACORN account by April 30th, or an alternate
arrangement made, then the outstanding fees will be transferred to the
University’s external collections agency in June without further notification
to the student.
At the point
that the outstanding fees are transferred to the external collections agency,
monthly service charge billing will stop, and the Student Account Status on
ACORN will be changed to “Transferred to External Collections (no s/c)”.
The outstanding fees will continue to be displayed on your ACORN invoice
and detailed transaction reports and any payments made to the University by
bank transfer or directly to the external collections agency will be displayed
on your ACORN payment report.
In May, the
external collections agency will make first point of contact with you by an
introductory email message, followed by a mailed letter to inform you of their
processes and services.
The external
collections agency offers a wide range of convenient payment options and
payments made to the University of Toronto’s external collections agency will
be transferred to the University and recorded in the student’s ACORN
account as a “Payment from Collections Agency” transaction on the ACORN
Payments report. However, the transfer of payments from the external
collections agency to the University normally takes from 4-6 weeks. Payments
made by bank transfer to the University’s bank account will be recorded in the
student’s ACORN account as a “Bank Payment” and will be reported to the
external collections agency. All payments that are recorded in ACORN will
automatically adjust the T2202A which is available for the student to print.
Students who
have made full payment to the external collections agency and who are required
to show proof of payment in person at the Registrar’s Office or SGS Student Services
Office to register, may request that the external collections agency provide a
“release letter’ for this purpose.
Academic Sanctions
The
University reserves the right to impose the following academic sanctions on
students who have outstanding debts or obligations to the University in
accordance with the Policy on Academic Sanctions:
· withhold
access to the statements of results and transcripts of students, alumni and
former students
· withhold
the release the official diploma to students, alumni and former students
· refuse
requests to provide written or oral certifications of degree on behalf of
students, alumni and former students
· refuse
registration to a continuing or returning student.
A financial
hold(s) is recorded on the student’s ACORN account if the student has
outstanding debts or obligations to the University in accordance with the
Policy on Academic Sanctions. Unpaid ACORN fees will automatically result
in a Student Accounts financial hold. The Library, Health Services and
Registration Offices may record financial holds for outstanding fees billed and
collected outside of ACORN.
Financial Holds
Financial holds
may be placed on a student account for unpaid fees previous sessions that are
billed on ACORN, and for unpaid fees that are billed outside of
ACORN. Payment of the unpaid fees does not automatically remove the
financial hold. Financial holds are normally removed from the student account
within one business day from the date on which the payment has been recorded in
the student’s ACORN account or in the information system of the department
or registration office that recorded the financial hold.
Financial holds will block ACORN transcript requests and all
financial holds must be released to successfully request a transcript on
ACORN.
Student
Accounts
FINANCIAL
HOLD
|
Unpaid
ACORN fees will automatically result in an ACORN Student Account
Financial Hold:
· On May 1st
for unpaid fall-winter session fees
· On
September 1st for unpaid summer session fees
· Summer
Start Program Students: On January 1st for unpaid annual fees
charged in the previous summer session
· Winter
Start Program Students: On September 1st for annual fees charged
in the winter term
Payment of
outstanding ACORN fees does not immediately remove the Student Accounts
Financial Hold on your ACORN student account. When your payment has been
recorded in your ACORN student account, this financial hold will be
automatically removed from your ACORN student account on the next
business day.
Inquiries
regarding this financial hold can be directed to info.studentaccount@utoronto.ca or
416-978-2610.
|
Library
FINANCIAL
HOLD
|
The
Library records their financial holds on ACORN and the outstanding
library fees on their own information system.
You can
pay your library fines in the following ways:
· online on the Library website at https://payfines.library.utoronto.ca/
· using the First Stop Telephone Service (416-978-8450)
· in person at Robarts Library
Payment of
outstanding library fines will not immediately remove the Library Financial
Hold on your ACORN student account. When your payment has been received
by the Library, this financial hold will be automatically removed from your
ACORN student account on the next business day. Plan accordingly if you are
paying your library fines in order to request a transcript.
|
St. George
Health Service FINANCIAL
HOLD
|
The St.
George Health Service records their financial holds on ACORN and their
outstanding fees on their own information system.
Please
contact the St. George Health Service Office for clarification of the
outstanding fees and to make your payment.
Payment of
outstanding St. George Health Service fees will not immediately remove the
financial hold on your ACORN student account. When your payment has been
received by the St. George Health Service, the office will manually remove
the financial hold on your ACORN student account. Plan accordingly if
you are paying your outstanding fees in order to request a transcript.
|
UTM Health
Service FINANCIAL
HOLD
|
The UTM
Health Service records their financial holds on ACORN and their
outstanding fees on their own information system.
Please
contact the UTM Health Service Office for clarification of the outstanding
fees and to make your payment.
Payment of
outstanding UTM Health Service fees will not immediately remove the financial
hold on your ACORN student account. When your payment has been received
by the UTM Health Service, the office will manually remove the financial hold
on your ACORN student account. Plan accordingly if you are paying your
outstanding fees in order to request a transcript.
|
Undergraduate
Registration Office or College; or SGS Student Services FINANCIAL
HOLDS
|
Inquiries
regarding the basis for the financial hold, how to clear this financial hold
and when the financial hold will be removed from your ACORN student
account, can be directed to your undergraduate registration office or
college; or SGS Student Services. Plan accordingly if you are paying your
outstanding fees in order to request a transcript.
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