Payments

**Payment of Tuition, Fees and Other Charges is due in full by 12:00 pm on the Friday prior to the start of the Semester**

It is the student’s responsibility to ensure that all payments or adequate Financial Aid is scheduled to cover all charges by 12:00pm on the Friday prior to the start of each Semester. SOMI does not offer payment plans and no exceptions will be made.

Forms of Payment

SOMI accepts personal checks, cashier checks, money orders and credit cards. Personal checks, cashier checks and money orders are to be submitted to the SOMI Bursar via Bursar drop box located on the SOMI campus or mailed to SOMI Attn: Bursar 8550 Magellan Pkwy, Suite 700 Richmond, VA 23227. A fee of $25.00 may be assessed to the Student Account for any check returned due to Non-Sufficient Funds (“NSF”). The preferred payment method is credit card (VISA, MasterCard, American Express and Discover) which can be submitted through the CampusNexus® — Student Portal. Students are encouraged to confirm the transactional and daily limits imposed by their lenders prior to processing payment.

Past Due Student Accounts

Any positive Student Account balance that results after student payment and/or Financial Aid is applied to Tuition, Fees and Other Charges in excess of $1.00 at 12:01 pm on the Friday prior to the start of the Semester is considered past due. Students with a past due Student Account balance will be contacted by the Bursar during the Add/Drop Period for resolution.

During the Add/Drop Period

Students who elect to drop courses or withdraw during the Add/Drop Period are eligible for a Financial Refund of Tuition and Fees in accordance with policy ADM 5.01 Financial Refunds Policy.

After the Add/Drop Period

Students who have a Student Account balance at the end of the Add/Drop Period will be administratively removed from all courses within the current Semester and placed on a Bursar hold in the SIS. At that time, the student will be evaluated for a Financial Refund in accordance with policy ADM 5.01 Financial Refunds. Once a student is administratively removed from all courses within a Semester, the student may not enroll for the duration of the Semester.

If, after completion of the Add/Drop Period, a student becomes ineligible for scheduled or disbursed Financial Aid or becomes subject to a Financial Refund, payment of the resulting positive Student Account balance is due within two (2) business days of the posted transaction. Any positive Student Account balance for a period of sixty (60) calendar days or more, will be submitted to SOMI’s external Collection Agency and may be subject to additional fees and penalties.