Carroll University
Voorhees Hall building
Business Office
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Business Office

Finance Charges

The university uses either FINANCE CHARGES or Late Fees to calculate the monthly fee on myPAYPLAN participants.

When FINANCE CHARGES are used, the university will use a monthly periodic rate of 1% (compounded).

The university calculates FINANCE CHARGES by applying the periodic rate to the adjusted balance of a student account. The adjusted balance is equal to the prior balance shown on the monthly statement, less any payments and credits received within the next calendar month. The student may pay the balance in full at any time.

If the current month's charges shown on the monthly statement are paid within the next calendar month, the student will incur no FINANCE CHARGE. If the full payment is not made by that date, a FINANCE CHARGE is imposed on the balance of the account. FINANCE CHARGES and Late Fees will be compounded on a monthly basis and FINANCE CHARGES will be charged on the entire amount thereafter.



Business Office


Voorhees Hall - Lower Level
Room B19
100 N. East Avenue
Waukesha, WI 53186

Monday through Friday
8:30 a.m. to 4 p.m.
(Hours subject to change during holiday periods, semester breaks and summer sessions)

Phone Number:


Fax Number:

Questions regarding



Phone: 262.524.7698

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