Back to top . A security deposit is required of each student when the application for a room is submitted. The security deposit is not applied toward room and board payments and is separate from consideration of the room and board payments. A portion of the deposit will be retained as a processing fee. The occupant successfully completes the terms of the contract minus charges for loss and damages.
Contracts issued in the fall semester are for the entire academic year.
Deposit Forfeiture Resident must fulfill the nine month academic contract. Exceptions include marriage, transfers, graduation, and withdrawals from the University. Residents graduating or participating in a University-sponsored internship will not be charged a termination fee. If you are on the Academic Management Services payment plan, payments should be mailed on a monthly basis. May. Back to top .