Get Financial Clearance
Each traditional undergraduate is required to gain financial clearance on their student account from the Student Accounts Office to keep any pre-registered classes for the upcoming semester.
Financial clearance is achieved when two things happen:
- The student completes the Payment Contract and
- One of the following:
- The student remits payment for the estimated balance due on the pre-bill, via check or cash
- OR The student signs up for a Monthly Payment Plan (MPP) to schedule automatic payments covering their outstanding account balance
- OR The student’s financial aid more than covers the tuition, fees, room and board expenses
Pre-Bill
Upon registering for classes at CLU, you can access your online pre-bill in WebAdvisor
which will outline charges, financial aid, and balance due to CLU for the upcoming
semester. Hard copies of the pre-bills will be mailed to your home address in early
June for Fall semester and early December for Spring semester.
Payment Contract
The Payment Contract is a binding contract between CLU and the student that shows
how payment will be made to cover the balance owed to CLU. It must be submitted online
through the Student Accounts Office's website. If this contract is not submitted by
the Financial Clearance date each semester, penalties may be assessed.
Your Awards Being Credited to Your Account
Financial Aid Disbursements
Financial aid is applied directly to your student account each semester and will first
be applied to any outstanding charges. In order for financial aid to credit to your
account, you must have completed all necessary applications and forms. Should your
account not be paid in full once financial aid is applied and you are not making payments
through the MPP, your balance will accrue interest on a monthly basis and you will
be emailed regarding the amount you still owe to CLU.
Credit Balances and Institutional Refund Policy
If a student’s financial aid exceeds costs owed to CLU, the student account will show
a credit balance. A credit balance resulting from loans will be automatically refunded
after all charges are assessed. If the credit comes from other financial aid sources,
the student may request, in writing, a refund or permission to leave the funds on
the student account for the following term within the academic year. The refund check
will be sent via mail or directly deposited into an account if the student signs up
for direct deposit. Any charges assessed after the refund is issued are the responsibility
of the student.
Withdrawal Policy
Students must drop any class they choose not to attend in WebAdvisor or with the Registrar’s
Office, as CLU does not automatically drop students from classes. Students who drop
or withdraw during a semester from the University or from specific courses are financially
responsible for a portion or all of their charges depending on the date of the drop
or withdrawal. In addition, students who are recipients of financial aid may not be
eligible for the full amount of awarded financial aid. The amount of aid eligibility
is based on the amount of the semester completed prior to the withdrawal date using
a process called “Return of Title IV Funds.” The percentage charged by CLU and the
amount of eligibility calculated by “Return of Title IV Funds” may not be the same
and a student may need to return funds to CLU and/or the U.S. Department of Education.
Please visit Withdrawal Policy and Return of Title IV Funds for more information.