Why student fees are important

Why student fees are important

Being a med student is no ordinary task. There are many things to deal with such trying to register for the right classes, creating study schedules and preparing yourself for labs are just a few things a medical student must endure. However, there is one task all students should not take for granted, and that is paying student fees on time.

Not paying your fees on time can have a negative effect on a student’s progress and record.

Before reading on, it’s important to understand the importance of fees. When paying student fees you’re covering the costs of such as student services, books for the library, securing funds for student government initiatives, island transportation, NBME exams and insurance during clinicals.

Now, let’s take a look at student fees (they can be found in section four of the IAU Student Handbook). Section four begins with an explanation of consequences of not paying fees on time.

In addition to accruing late charges, someone who pays late may not be able to sit for exams, receive score reports, order transcripts, request enrollment verification letters or request letters of good standing.

Without some of these official University documents, students maybe not be able to defer past loans or qualify for future loans and scholarships. Students with outstanding balances will not be considered eligible for graduation

When applying for residency, gaps in a student’s academic progress can make securing a match a more difficult process.

IAU offers various payment methods, payment plans, and student loan opportunities to help make the payment process as easy as possible. The academic calendar includes payment deadlines so students can avoid any consequences.

For information or assistance regarding tuition and fees, students can always contact the Bursar’s office at finances@iau.edu.lc or call 972-484-9700.