University Bursar: Late Payment Charge Reversal

University of Illinois will assess a late payment charge of $1.00 or 1.5%, whichever is greater, per month on any delinquent balance. Account balances 60 days or more past due will be assessed a past due charge of $2.00 per month in addition to the late payment charge.

Delegated Agent is authorized to reverse late payment charges and past due charges based on the following parameters:

Reverse late payment charge(s) related to department specific reason
Reverse late payment charge(s) for customers and/or currently enrolled students
Reverse only late late payment charge(s) and past due charge(s)
Reversal for late payment charge(s) over $500 requires University Bursar approval

To become an established Delegated Agent of University Bursar to remove late payment charges and past due penalty- remove charges, you are required to complete the Accounts Receivable Processing course and the University Bursar Delegated Agent Charge Reversal form.

Accounts Receivable Processing is a self-paced online course designed for staff who need to know how to process charges and credits to students (SAR) in the Accounts Receivable module of Banner. Click Here to take the course. The University Bursar Delegated Agent Late Payment Charge Reversal form is the formal request that will be submitted to University Bursar to establish staff as a Delegated Agent. Click Here to complete the form. Once both steps are completed, security access can be requested through your USC.

Acknowledgement

By checking the box below, I confirm to reverse late payment charge(s) and past due charge(s) based only upon the above parameters. *This question is required.

I confirm.

Delegated Agent Name *This question is required.

Delegated Agent Department *This question is required.