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Understanding Your Printed Bill
Understanding Your Printed Bill
Students at the University will receive a printed bill twice per term to accommodate those individuals who are unable to manage their accounts through the Internet. A brief description of the printed bill components is provided below.
Prior Invoice Amount
This line represents the total amount due from the last printed bill received by the student. This is the student’s past due balance from the last printed billing cycle. Please note the following:
- The prior invoice amount is a student’s past-due balance from the last printed
bill.
- Students who had a zero or negative balance during the last printed billing cycle,
may have past-term activity displayed as current activity in the charges and
credits section.
Charges and Credits
This section represents student account activity from the last printed bill or current activity for new students. Please note that the University has consolidated the presentation of this section as follows:
- Tuition, Fees & Other Charges – displayed for each term, this line is comprised
of detailed charges for tuition, fees, residence life and all other amounts that
increase the amount owed. A detailed breakdown of all charges adding up to
these line items can be found in My LIU.
- Financial Aid Received – displayed for each term, this line is comprised of all
financial aid awarded to the student for the term, including federal, state,
institutional, alternative and other awards. A detailed breakdown of all aid adding
up to these line items can be found in My LIU.
- Refunds Processed – displayed for each term, this line is comprised of all student
and parent refund checks mailed to students. A detailed breakdown of all refund
activity adding up to these line items can be found in My LIU.
- Tuition and Fees Waiver – displayed for each term, this line is comprised of all
waivers for tuition and fees based on the student’s status. A detailed breakdown
of all waivers adding up to these line items can be found in My LIU.
- Payment(s) Received – displayed for each term, this line is comprised of all
payments made on the student’s account, whether by check, credit card, cash, or
via the online portal. A detailed breakdown of all payments received adding up
to these line items can be found in My LIU.
The subtotal line within charges and credits represents the total summation of the activity described above. It does NOT include the prior invoice amount displayed above.
Anticipated Aid
This section shows detailed pieces of anticipated financial aid for the upcoming term that will be applied against charges incurred for the same upcoming term. Each piece of aid is shown in detail, by term, with the offered aid expiration date and amount. Note that anticipated aid will move into actual charges and credits when the amounts are actually disbursed at a future point in time.
The total anticipated aid line shows the total anticipated aid estimated for the student at the time the bill was printed.
Amount Now Due
This amount shows the total amount due as of the date of the bill. It takes the prior invoice amount, adds the charges and credits subtotal, and reduces the amount by the total anticipated aid balance. This is the amount the student owes the University at the time the printed bill was generated.