Payment Policies
PAYMENTS
Students must reconcile all charges not covered by financial aid (federal loans, federal and state grants, TFC grants and scholarships, not including work-study) in advance of registration for the semester. Students can reconcile their account balances by paying the balance in full via cash, check, or credit card or registering for the Nelnet payment plan.
PRE-PAY REBATE
TFC credits a rebate to students who pay the balance of their account in full for the fall semester by July 1 or spring semester by November 1. The college calculates the rebate amount after it deducts all confirmed federal and state aid (not including work-study), as well as all confirmed institutional and outside scholarships and grants from the cost of tuition, fees, room, and board. The rebate will be posted to their account and available once all charges and aid have been posted and a credit balance shows on the account, in compliance with the refund policy for credit balances, normally four weeks after drop/add.
To qualify for the TFC Rebate:
- Students must have their financial aid package complete with no ‘loose ends’ before July 1st - fall, November 1st - spring.
- Payment in full must be made on any remaining balance due before July 1st - fall, November 1st - spring.
- (Nelnet Payment Plan cannot be used to qualify for the rebate discount)
NELNET BUSINESS SOLUTIONS
Toccoa Falls College is pleased to offer Nelnet as a convenient INTEREST FREE budget plan. The only cost to budget monthly payments through Nelnet is a $25.00 per semester (3-5 payments) nonrefundable enrollment fee. The enrollment fee is automatically deducted within 14 days of the agreement being posted to the Nelnet system.
RETURNED CHECK CHARGE
The college charges $15.00 for each check a student submits to the college that the bank returns to the college for insufficient funds. Students that have two bad check incidents will lose their check cashing privileges at TFC for six months.
UNPAID ACCOUNTS
Students with an outstanding balance from a previous semester cannot re-enroll unless the account is reconciled in full or the Director of Student Accounts gives permission. Upon final departure from TFC, students must pay any outstanding balance in full, including all library, parking, and disciplinary fines, as well as any other charges before the college will issue an official transcript or diploma. The student is responsible for any collection fees incurred in reconciling the account balance.
COLLECTION OF UNPAID ACCOUNTS
The college turns over unpaid student accounts that are inactive for two months to a collection agency. This agency adds collection fees for the services they provide and contacts the student regarding payment options. The student is responsible for any collection fees incurred in collection of his/her account.