Payment & Refunds Policy

It is the student’s responsibility to ensure that their account is paid in full.  In general, Riverland Community College does not send invoices. Students are responsible for reviewing their account charges and balance through their eServices. 

Carefully review the payment terms and consequences of non-payment.  

PAYMENTS 

Payment Terms:  

• Deposit/Down Payment Requirement  
  • Due 15 business days prior to the start of the semester 
  • Cash option:  $300 or 15% of charges on account – whichever is less 
  • FAFSA option:  Submit your Free Application for Federal Student Aid (FAFSA), for the correct academic year, to Riverland.  
  • IF a deposit or FAFSA is not received by the 5th business day of the semester, Riverland will remove you from the courses you are enrolled in.  That process will run at noon on the 6th business day of the semester.

NOTE: The student is responsible for following up on the FAFSA they submit to Riverland.  This progress can also be monitored in eServices.  (Aid Application Letter tutorial) 

• Payment in Full on Balance of Charges for Semester 
  • Due on the 25th business day of the semester  
• Semester Past Due Date 
  • 35th business day of the semester 
  • Unpaid accounts are now subject to the Unpaid Balance Hold and a one-time $50 late fee.   
  • Late fee notices are emailed to students, and late fees are applied to accounts within 5 business days.  
• End of Semester 
  • Unpaid accounts remaining at the end of the semester are subject to referral to the MN Department of Revenue for collections. 
  • Accounts will be sent 120 calendar days from the semester tuition due date.

REFUNDS 

Refund of Tuition and Fees: 

Refunds for 100% of tuition and fees will be credited to the student’s account, in accordance with the Drop/Add Policy, when a class is dropped within the Drop Period.  The last day to drop a class is listed in the course description. 

Prorated refunds of tuition and fees will be credited to the student’s account, in accordance with the Total Withdraw Tuition Refund Policy, when the student withdraws from all classes by the specified dates. 

NOTE:  Changes to class registration, including dropping, adding, or withdrawing, may trigger a re-calculation of your financial aid awards.  Consult your Academic Advisor before making changes.   

Refund of Financial Aid: 

When a student receives more financial aid than charges on their account, the excess amount is refunded to them.  Riverland uses a third-party vendor, BankMobile, to distribute these funds to students.  You should have received an email from BankMobile containing a personal code, within 10 days of registering for classes at Riverland.  The personal code allows you to set up your BankMobile profile, including refund preferences.  If you did not receive an email with a personal code, contact our Business Office for assistance by emailing businessoffice@riverland.edu.  

Refund for Non-Completion of Program: 

Riverland does NOT refund a student for tuition, fees, or financial aid (including loans) for not completing their program of study or if they do not obtain employment in their field of study after graduation. 

Bookstore Refunds: 

Review the bookstore’s polices for returns and refunds. 

DISCLOSURE 

By completing registration for any semester/term, you agree to the financial responsibility for all charges on your student account.  You promise to pay Riverland Community College the full amount of the charges incurred by the due date.  Furthermore, you agree to pay any and all costs, including collection fees, attorney fees and litigation costs incurred by Riverland in efforts to collect debt, should you default on your account charges.