Gwynedd Mercy University AY2024-2025 Graduate Academic Catalog
Returned Check or Debit Card ( ACH ) Payments If you have a returned electronic check or debit card payment that is returned by the bank for any reason , please know the next time you are making a past due payment with an electronic check or debit card on a semester that has a billing hold , you will be subject to a 10-business day waiting period before your billing hold is removed to ensure the check clears and is not returned by the bank . Please know this 10-business day waiting period will be enforced for one calendar year for Term students , and 6 months for Non-Term students , from the date of the most recent returned payment . If you have no other returned payment within that year , the 10-day hold will be removed , and you will no longer be subject to the 10-business day waiting period when paying with an electronic check or debit card . If you have 5 or more returned payments , you will then have to wait 10- business days to have any holds removed for any payment made with an electronic check or debit card going forward . Please also know , when a payment is returned by the bank , the bank will charge you a returned payment fee of $ 50 that will need to be paid .
Please know , under Pennsylvania statue Title 18 Chapter 41 section 4105 “ Bad Checks ”, a person commits an offense if they issue or pass a check , knowing that it will not be honored by the drawee / bank ( i . e ., closed account or insufficient funds ). Checks intentionally written on accounts with insufficient funds could face prosecution resulting in misdemeanor and up to felony charges .
Payment by credit card The University accepts VISA , Master Card , Discover and American Express . All credit card payments must be made online through the student ’ s Self-Service account . There is a 2.95 % processing fee added to all credit card transactions .
Payment by cash The maximum cash payment accepted is $ 1500 . This form of payment can only be taken at the main campus Gwynedd Valley location .
By payment plan The Gwynedd Mercy University Installment Plan administered by TouchNet is a convenient way for parents and students to finance education expenses . The installment plan applies to Term students only . Students enrolled in Non-Term Programs are not eligible due to the dynamic nature of their programs . The installment plan allows you to spread tuition and fee expenses over 5 , 4 or 3 months for the Fall and Spring semester , and 4,3 or 2 for the Summer semester . The number of installments you have for each semester depends on the date a student signs up for the plan each semester . There is an enrollment fee to sign up for the payment plan . For the Fall semester , payment plan installments start in July . Spring semester installment payments start in December and Summer semester installments start in April . Additional information can be found on the Student Billing ’ s web page . Students can sign up for the payment plan through their Self- Service account through the Student Finance tile .
Employer Reimbursement : For Term students who are reimbursed by an employer may be eligible to receive an extension for payment of a portion of the amount due . Before registration , a copy of the employer ’ s policy and a statement from the employer stating the student ’ s eligibility is required . Documentation is required at the beginning of each academic semester . Ten percent ( 10 %) of the tuition is then required at registration and the balance is due prior to the end of classes .
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