Financial Information

At the time of acceptance for admission, a University account is created for every student. This account remains open until graduation. The primary use of this account is for University charges and payments. If an account has a credit balance, the student may request a refund, transfer to EAGLE Dollars, or flight account if applicable. All students are strongly encouraged to enroll in eRefunds. This allows funds to be deposited directly into a checking or savings account.  We advise all students 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 Homepage 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 published payment deadline.

Payment Procedures

Students may view and pay all account activity, including balance due online in ERNIE > Student Homepage > Finances > My Student Account.  At the Daytona Beach Campus, accepted pay-methods include debit card (in-person only at ERNIE Central), personal check, money order, cashier’s check, electronic check, wire transfer (fees apply), credit card (online only and fees apply) including VISA, Master Card, Discover and American Express.  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. Miscellaneous charges (i.e., parking and library fines, etc.) are due 30 days from the date of the charge, or the last day of class for the current term, whichever occurs first.

Payment Plans and Deferments

The University Payment Plan is available each semester.  Allowable charges include:

• Tuition
• Mandatory Fees
• Health Insurance
• Course Program Fees
• Course Material Fees
• Room & Board
• Library fines
• Parking fines
• Late fees
• Miscellaneous fees

Charges not allowed in the Payment Plan include:

• Flight Fees
• Books & Supplies purchased at University Bookstore

You may enroll in a payment plan for each semester that you are registered. You may enroll in a payment plan for each semester that you are registered. Students may enroll in one payment plan at a time and the payment plan must be paid in full before the start of any subsequent semester/term. 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 $75.00 is included with your first installment.

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, 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 Veteran Student Services. 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 and diploma holds.

Books and Supplies

Purchases are made directly from the University Bookstore. 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 either use their excess financial aid to purchase the books through the online bookstore or request an Eagle Dollars transfer online or at ERNIE Central up to $700.00. 

Payment Deadlines

2024/2025 Payment deadlines are:

• 2024 Summer D & F – April 26, 2024
• 2024 Summer A & C – May 6, 2024
• 2024 Summer B – June 24, 2024
• 2024 Summer E – July 22, 2024

• 2024 Fall 2024 – August 16, 2024

• 2025 Spring 2024 – January 3, 2025

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

• For mail delivery – allow 10 business days
• For wire payments – allow up to 5 business days
• For ACH or Credit Card payments – Immediate, by going to ERNIE > Student Homepage >Finances> My Student Account

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 and diplomas may 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 and 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.