Financial Information

Student Accounts

At the time of acceptance for admission, a University account is opened for each student. This account remains open until graduation. The primary use of this account is for University charges and payments. If an account shows credit balances, a student may request a refund in the form of a check or transfer to an EAGLEcard account. A student may also complete authorization and have these funds directly deposited to a checking account. Each student is encouraged to open and maintain an account at a local bank for personal matters.

Electronic Communication Policy: Students registering for classes or obtaining other goods and services provided through Embry-Riddle Aeronautical University are advised that the Student Financial Services office provides all financial account information using the Student Center in ERNIE. We also send you important notices via your ERAU email account. It is your responsibility to review your ERAU student account status and email account weekly and make payment by the published due date.

You will need to contact the Student Financial Services office in writing if you choose not to have your accounts receivable charges paid with your financial aid disbursement. However, this may delay your disbursement. If you are receiving an institutional loan, you are obligated to repay the amount of your loan in accordance with the terms outlined in your Promissory Note.

It is your responsibility to either pay or make arrangements to satisfy all University debts, which may exceed your financial aid on or before the tuition payment deadline.

Payment Procedures

Students may view and pay all account activity, including balance due online in ERNIE>Student Center>Finances>My Account. Cash, Visa, MasterCard, Discover, American Express, and personal checks are acceptable forms of payment. Effective August 1, 2014 tuition and fee payments made by credit card will be assessed a 2.75% third-party processing fee.  Payments made by mail should be addressed to the Student Financial Services office and timed to arrive prior to the published payment deadline. Charges incurred after the payment deadline are due immediately through the end of add/drop. Charges incurred after add/drop are due 30 days from the date of the charge, or the last day of class, whichever occurs first.

Payment Plans and Deferments

Payment plans are available each semester for all charges, excluding flight costs, books and course materials. You may enroll in a payment plan for each semester that you are registered. Plans are available online, 30 days prior to the start of each semester and must be on file by the payment due date. An enrollment fee of $50.00 is added to your first payment.

Anticipated Financial Aid will place a deferment on your account for the amount awarded.

Any student whose tuition and fees are paid by a third party, (Foreign Embassy, U.S. Government, Trust Account, sponsor etc.) is considered a Sponsored student. Formal arrangements for sponsor payments should be made with the Student Financial Services office. Veteran’s Education benefits are obtained by contacting the Veteran’s Affairs Office.  Student Financial Services will invoice a third-party sponsor on behalf of a student, however, if the sponsor does not pay by the terms stated on the invoice, the student will be held responsible for the balance due.  The student will be subject to all collection proceedings which include registration, diplomas and transcripts holds.

Books and Supplies

Purchases are made directly from the University Bookstore. Cash, checks, Eagle Dollars, Visa, MasterCard, and American Express are accepted. Students whose anticipated financial aid is higher than the total amount for tuition and fees may request up to $500.00 of these funds from the Student Financial Services office in the form of Eagle Dollars for book purchases.

Payment Deadlines

2017-18 Payment deadlines are:

  • 2017 Summer A & C - May 1, 2017
  • 2017 Summer B - June 19, 2017
  • 2017 Fall – August 18, 2017
  • 2018 Spring - TBD

Payments must be received by these dates, so please plan accordingly:

  • For mail delivery – allow 10 business days
  • By ERNIE>Campus Solutions>Student Center – immediate!

Delinquent Accounts

Embry-Riddle Aeronautical University is a not-for-profit institution of higher learning. As such, student receivable accounts are considered to be educational loans offered for the sole purpose of financing an education and are not dischargeable in bankruptcy proceedings.

When a student’s account is delinquent the student is notified via email to their ERAU email address. A delinquent student account will result in suspension of all academic processing and information on class performance. Grades, diplomas and transcripts will be withheld, as well as future enrollments. Sums remaining unpaid will be charged interest at the maximum rate allowed by law. The student is also subject to the costs of collection, which may be based on a percentage at a maximum of 33% of the debt will be added to your student account balance. In addition all costs and expenses, including reasonable attorney’s fees we incur will be passed on to the student.