Tuition and fees are due in full by the end of the add/drop deadline each semester (typically two weeks after the first day of class). Please see the dates on the homepage to learn about the due dates for each individual semester.
Any student who fails to meet the required payments will be assessed a monthly late penalty equal to 2% of the outstanding balance. Late fees will continue to accrue on the unpaid account balance until it is paid in full. Students may appeal a late fee within 30 days of the fee assessment if timely payment was prevented by extenuating circumstances beyond the student's control. Students wishing to request a late fee waiver must submit a Late Fee Waiver Request form to be considered.
Students with outstanding balances will have a hold placed on their account at the midpoint of the semester in which the charges were due. The hold will prohibit students from registering for classes and obtaining official transcripts or a diploma until the balance is paid in full.
To View Holds
To see the status of any holds, log in to your student portal at myIIT and go to the Academics tab. Click on Registration Status.
Any holds placed on your account will be visible on this screen. Contact information for the department issuing the hold will be listed as well. Please note that not all holds placed on student records/registration originate from the Student Accounting's Office.
A communication is sent to students monthly if the balance remains unpaid. This communication will outline the actions that must be taken by the student, and the timeframe in which these actions must be completed.
Never Ignore an Attempt by Our Staff to Contact You
Making an appointment with a Student Accounting Specialist as soon as communication has been received regarding an outstanding balance will increase your options for resolving the balance. There may even be a possibility of financial assistance to resolve your account debt. A delayed response could mean the loss of financial aid for which you may have been eligible.
If you are a student over 18 years of age, you are legally responsible for the payment of your student account, not your parent or guardian. The actions you take regarding the notices you receive can impact your future credit. Failure to resolve an outstanding balance in a responsible and timely manner could result in any or all of the following:
- Reporting of the debt to credit bureaus
- Listing of the account with the State Comptroller's Offset Program
- Remanding of the account to a collection agency