Tuition, fees and other charges must be paid by registration. All students who have applied for loans to meet his or her financial obligations must show proof of pending loans sufficient to meet the payment of tuition and fees on the due date. If tuition, fees and other charges are not paid in full, a late fee of $50 per week will be assessed at such time until all financial obligations are met.

If a loan has been approved but is still in process, or if the loan proceeds are not received by the registration due date, tuition and fee charges will be waived until the loan proceeds are received by the College. If a student at LECOM is denied a loan or has difficulty obtaining loans because of credit rating, the College will not waive tuition and fee charges while these matters are being resolved.

Loan proceeds will be payable to the student and LECOM; they will be disbursed either by an electronic funds transfer or by paper check. All loan payments are made in two disbursements. Origination and/or default fees are deducted by Direct Lending before disbursement. LECOM will apply the loan proceeds to all institutional charges and any remaining loan proceeds will be refunded to the student.

Student loan refund checks will be available 14 days (two weeks) after the start date of each semester, if the credit balance occurs on or before the start date of the semester. If the credit balance occurs after the start date of the semester, the refund check will be available no later than 14 days after the credit balance occurs.

The first semester bill will include half of the annual tuition, all the fees and the first semester health insurance charge, less any deposits. The second semester bill will include the other half of the annual tuition and the second semester health insurance charge.

If you have any questions about the billing procedure, or about your specific bill, please contact the Bursar in Student Accounts at (814) 860-5150.

Cancellation of Loan(s):

Students have the right to cancel all or part of his or her loan(s) and have the proceeds returned to the lender. To cancel all or part of your loan(s), notify the Office of Financial Aid by written request within 14 days of the date on the billing statement. Cancellation of a loan may result in your owing LECOM for any outstanding charges.