Falcon Payment Plans will be available when the e-Cashier Payment Plan has closed. Students must make a down payment of 50 percent of the cost of tuition plus a non-refundable service charge of $45.00. The Falcon Payment Plan will be applied to cover the other 50% of the tuition costs.
Payment plans for full-semester courses are due 60 days from the start of classes. Payment plans for 7-week classes or late-start classes vary but will always be due before the end of the semester.
From the date the Falcon Payment Plan is applied until it is paid in full, a hold will be placed on the borrower's records and diplomas. The hold will also prevent any future registration activity including withdrawals. The payment plan will be referred to an outside collection agency and to appropriate credit bureaus in the event of default. Resulting collection costs will be added to the original loan and the student must pay these costs and attorney's fees if applicable.
Falcon Payment Plans are available in the Office of Student Accounts on the Daytona Campus or in the Enrollment Center on any other campus.
Book Deferments
Book deferments are available to students who have applied for financial aid and have submitted all required paperwork but who have not yet been awarded. Deferments are based on the number of credit hours the student is enrolled:
| Student is Registered For |
Book Loan Amount |
| 1 – 5 credits |
$200 |
| 6 – 8 credits |
$325 |
| 9 – 11 credits |
$500 |
| 12 or more credits |
$650 |
Additional amounts may only be approved with appropriate written documentation verifying the cost of the books or required supplies.
Book deferments can only be used for new purchases and cannot be used on previous purchases. Funds may be used to purchase required books and supplies only. If a student does not use the full amount of the deferment, the charge to the student account will be reduced to the actual amount spent at the bookstore. Books that are returned to the bookstore will be credited back to reduce the amount of the deferment if they are returned by the bookstore refund deadline. No cash refunds will be given.
Unpaid book deferments will result in a negative service indicator being placed on the student's records and diplomas. This service indicator will also prevent any future registration activity including withdrawals. Outstanding deferments will be referred to an outside collection agency and to appropriate credit bureaus in the event of default. Resulting collection fees will be added to the deferment amount and the student must pay these fees and attorney's fees if applicable.
Book Deferments are available in the Office of Student Accounts on the Daytona Campus or in the Enrollment Center on any other campus.
Veterans Deferment
Veterans eligible for VA education benefits are granted a deferment once per semester. See the Veterans Coordinator in Building 100, Room 102, on the Daytona Beach Campus to apply for a deferment. The deferment may be for up to 60 days but will always be due before the end of the semester. This deferment must be paid by the due date whether or not benefit checks are received from the United States Department of Veterans Affairs.
From the date of this deferment until it is paid in full, a negative service indicator will be placed on the borrower's records and diplomas. This service indicator hold will also prevent any future registration activity including withdrawals. The deferment will be referred to an outside collection agency and to appropriate credit bureaus in the event of default. Resulting collection fees will be added to the original deferment and the student must pay these fees and attorney's fees if applicable.
Financial Aid Advance
Limited funds may be available to assist students with an emergency or crisis financial situation. These funds are not intended to substitute for financial aid and will be deducted from the first available financial aid the student may subsequently receive. The funds are awarded based upon an individual's documented need.
You may have up to 60 days to repay the advance; however, the advance may be due sooner depending on the number of days remaining in the semester.
From the date the advance is awarded until it is paid in full, a negative service indicator will be placed on the borrower's records and diplomas. This service indicator will also prevent any future registration activity including withdrawals. The advance will be referred to an outside collection agency and to appropriate credit bureaus in the event of default on the advance. Resulting collection fees will be added to the original advance and the student must pay these fees and attorney's fees if applicable.
Title IV Repayment
A Title IV Repayment is a receivable that results from a mandatory federal requirement to return Title IV funds to the U.S. Department of Education when a student withdraws or ceases attending all classes. Title IV funds include Pell Grants, SEOG Grants and Direct Student Loans. Financial aid awards are based on attendance for the entire semester. When the student withdraws or ceases attendance prior to completing at least 60 percent of the semester, the federal government has determined that the student has not earned the entire amount of the grant or loan. Therefore, the unearned portion must be returned to the appropriate federal aid program.
The student will initially be notified by the Financial Aid Department of any Title IV Repayments. The Office of Student Accounts will follow up with several notices to the student. If the Title IV Repayment is not paid by the due date, this obligation will be referred to an outside collection agency and to appropriate credit bureaus. Resulting collection fees will be added to the original debt and the student must pay these fees and attorney's fees if applicable.
Financial Aid Repayment
A financial aid repayment is a receivable that results from a reduction in a student's financial aid award. The receivable may be for tuition, a book voucher, or a refund the student received before their aid was reduced. Financial Aid may be reduced because the student either dropped all classes, reduced their registered hours (i.e. dropped from full-time to half-time) or otherwise became ineligible for financial aid.
The Office of Student Accounts will notify the student of a Financial Aid Repayment and will follow up with additional notices to the student. If the Financial Aid Repayment is not paid by the due date, this obligation will be referred to an outside collection agency and to appropriate credit bureaus. Resulting collection fees will be added to the original debt and the student must pay these fees and attorney's fees if applicable.
Misc. Accounts Receivable
These receivables result from various scenarios. It may be that a student had a financial aid deferment and then was either not awarded any aid or was not awarded enough to cover the student's tuition and fees. It may be the result of a balance remaining for an access fee, lab fee or online fee. Also, it may be that a third-party sponsor declined to pay, and the receivable is now the student's responsibility.
Regardless of the reason for the receivable, the Office of Student Accounts will notify the student of the outstanding obligation and will follow up with additional notices to the student. If the receivable is not paid by the due date, this obligation will be referred to an outside collection agency and to appropriate credit bureaus. Resulting collection fees will be added to the original debt and the student must pay these fees and attorney's fees if applicable.