Student Accounts

Students have a shared responsibility with respect to Student Accounts. Students are required to read and be familiar with policy ADM 4.04 Student Accounts which is located on the SOMI website under Students — Policies. The Finance staff will (primarily) communicate with students electronically through CampusNexus®, SOMI’s Student Information System (SIS). Students are responsible for reviewing and responding to student communications in a timely manner. In addition, students should review the “My Finances” information contained in the CampusNexus® — Student Portal on a regular basis.

Student Accounts are comprised of financial transactions for a particular student over the entire time period that a student is enrolled at SOMI. Prior to the completion of the Add/Drop Period, students will reference the Registration Bill, which includes the preliminary, anticipated or pending transactions for a particular Semester prior to the final posting to the Student Ledger Card. The Student Ledger Card represents the final posted financial transactions over the entire duration that a student remains enrolled at SOMI. The Student Ledger Card is organized by Semesters. Components of the Registration Bill and Student Ledger Card include: Charges, Financial Aid, and payments.

• Charges include Tuition, Fees, and Other Charges assessed by SOMI (such as Uniforms, and Laptop Computer Bundles (when applicable), etc.).

• Financial Aid includes any source of financial funding used to offset Charges or Cost of Attendance (COA).

• Payments refer to any paid, posted, or disbursed payment transaction from a student, Third Party Payor or Financial Aid.