Why should I clear all remaining balances before leaving for the summer?

• Unpaid balances can result in obstacles to re-enrolling next semester.
• Some schools will place blocks on your transcript.

If you’re a returning college student, failure to close out an account balance could strip you of student status at your school. Don’t make the mistake of not paying off your student account; see below for more details about lingering account balances.

As the semester winds down, many students find that they still owe their school money. Balances on student accounts accrue for various reasons – unpaid tuition, higher meal costs than budgeted, miscellaneous charges, etc. – but no matter the reason it is important for students to clear these charges.

In some cases, student loans can be used to cover these balances. This is most straightforward if the balances are from the current semester or academic year. So, before the academic year officially ends, if you think student loans might be appropriate to cover your balances, you shouldn’t delay.