Financial clearance means that the bill is covered for the upcoming semester. It does not necessarily mean the balance on the account is $0 by the financial clearance date. It does mean that by the financial clearance date, your account must fit one or more of the following criteria:
- Balance due on the account is $0
- There is pending aid showing on your account that covers or exceeds the amount of the bill.
- You are enrolled in an online LSC payment plan that covers the entire balance on your student account.
Bills are due before classes begin each semester. Clearance dates are on the calendar and often fall two weeks prior to the first day of classes. Any balance that is not covered by financial aid or a payment plan is due before the clearance date. It is the student’s responsibility to know if the bill is covered. Direct consequences result if financial clearance is not met . The account is placed on financial hold which means the student cannot register for the next semester or receive transcripts and diplomas. Late fees are also assessed.