Financial Aid and Other Financial Information
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 a transfer to an EAGLEcard Account. A student may also complete an 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.
Students may view 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 campus Cashier's Office, 3700 Willow Creek Rd., Prescott AZ 86301, and timed to arrive by the published payment deadline. Payments can also be made using the Student Center in Campus Solutions. Charges incurred after the payment deadline are due immediately through the end of the add/drop period. Charges incurred subsequent to the add/drop period are due 30 days from the date of invoice or the last day of classes, whichever occurs first. All payments should include the student’s name and identification number.
Payment Plans and Deferments
Payment plans are available each semester for all charges, excluding flight costs. 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 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 Cashier’s Office. Veteran’s Education benefits are obtained by contacting the Veteran’s Affairs Office.
Books and Supplies
Purchases are made directly from the University Bookstore. Cash, checks, Eagle Dollars, Visa, MasterCard, American Express, and Discover are accepted. Students whose anticipated financial aid is higher than the total amount for tuition and fees may request that these funds be transferred to their Eagle Card by the Cashier's Office for book purchases.
When a student’s account is delinquent, registration for that term is subject to cancellation and registration for any subsequent semester will be denied. Delinquency will result in administrative withdrawal from the University. Administrative withdrawal will not relieve a student of the obligation to pay outstanding debts. A delinquent student account will result in suspension of all academic processing and information on class performance, grades, and transcripts will be withheld.
Sums remaining unpaid may be charged interest at the maximum rate allowed by law. The student is also subject to the costs of collection, including pre-collection fees up to 9% and collection agency fees (33-50%). In addition, the student will also be subject to attorney’s fees if litigation becomes necessary. Delinquent accounts may be reported to one or all three major credit bureaus.
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.
Financial Responsibility for Tuition, Fees and Other University Charges:
Electronic Communication Policy: Students registering for classes or obtaining other goods and services provided through Embry- Riddle Aeronautical University are advised that the Cashier's 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 account status and email account twice weekly and make payment by the published due date. You will need to contact the Cashier's 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.