Business, Management, and Financial

Small Balance Write-Off

Colby Community College holds firm that it is the student’s responsibility to pay their student account bill in full each semester. If those bills are not paid, a financial hold is placed on the student account, preventing registration for future classes, release of transcripts, or receiving a diploma. In rare instances, a small balance write-off may be necessary. Below are examples of those instances and how they are handled:?

1. When a balance of less than one dollar ($1) is created due to an adjustment of institutional funds and/or scholarships, the balance may be written off immediately.
2. When a balance of less than five dollars ($5) has been on a student account for six (6) months or longer, the balance may be written off.

?

[Added October 2020]