ÃÛÌÒÓ°Ïñ

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  Bursar accounts

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Marquette treats all bursar accounts and loan accounts as legal and moral obligations that must be paid on a timely and regular basis. Students who have outstanding bursar and loan balances will receive a monthly or quarterly statement of their accounts with the university. The statement will include information about all accounts: the outstanding balance, the amount due, the date due, and a summary of the billing rights and responsibilities.

In determining the amount due, Marquette will total the minimum amount due for each account. In the event that a payment is received for less than the amount due, a payment hierarchy has been established. The payment will be applied to the amount due for each account in the following order: Perkins Loans, Health Professions Student Loans, Loans to Disadvantaged Students, Nursing Loans, Institutional Loans and Bursar accounts.

Non-payment of the amount due will result in the account being declared in default. In accordance with all pertinent federal and state regulations, defaulted accounts are subject to the following university actions:

• Assessment of late fees and interest penalties
• Denial of future deferment/cancellation provisions
• Placement of holds on all university services, including transcripts, diploma and access to register for subsequent semesters
• Report of your account as delinquent to national credit bureaus
• Placement of the account with a collection agency
• Assessment of all collection and legal costs
• Denial of federal tax refunds
• Garnished wages

Reporting applicable loans to NSLDS as defaulted may affect eligibility for future student loans.

Individuals who are unable to make payments are encouraged to immediately contact the Office of Student Loan Accounts and Collections at (414) 288-6818 to establish a mutually acceptable payment arrangement. For more information about defaulted student loans, review on the Department of Education's website.

Billing and payments

ÃÛÌÒÓ°Ïñ’s billing service, the , will send out a billing statement approximately 30 days before the due date. Because of the large volume of payments, the university employs a payment lockbox, operated by UAS. All payments are processed upon receipt. Postdated payments are not acceptable. The university also uses a payment hierarchy to process payments. The payment hierarchy is explained in the payment policy section of this site.

To avoid the assessment of late charges, payments should be mailed in advance of an approaching due date. Accounts have a 30-day payment grace period from the first of the month to have a payment posted and still be considered on time.

It is important to note that the billing statement is only a reminder of a payment due and that all payments are expected by the due date regardless of whether a statement is received. If you are nearing a repayment period and have not received a statement, please contact the Office of Student Loan Accounts and Collections at (414) 288-6818 for help determining the amounts due and to verify our records of your mailing address.

Rights and responsibilities

If you qualify for deferment, forbearance or cancellation benefits as detailed in your promissory note, please download the corresponding form from our “Forms” section. Or call (414) 288-6818 and we can email or mail a copy of the correct form to you.

If you are unable to make a scheduled payment for any reason, it is your responsibility to contact the Office of Student Loan Accounts and Collections before the due date. If you fail to make a payment when due or do not file forms to excuse payment, the university must take further action against your account. You may be assessed a penalty/late charge. The account will be reported delinquent to the credit bureau. The account may be accelerated, and, if it is accelerated, the entire balance will become due and payable immediately. The account may be placed with a collection agency or attorney. You will be responsible for all reasonable collection costs and attorney fees.