The Student Accounts Office applies financial holds for outstanding balances, returned checks and bad addresses. These holds prevent students from registering for additional courses, receiving transcripts and receiving their diploma.
- A hold is added to all accounts with an outstanding balance of $1,000 or more. The hold will be removed once the outstanding balance is below $1,000.00. Employees of the George Washington University are assessed a hold for balances of $75 or more. This hold can only be removed once the balance has been paid in full. The system automatically releases holds within a business day of receipt of payment.
- A hold is added to the account if a payment is returned to us for any reason. If your payment was returned due to insufficient funds, the hold can be removed 10 calendar days after the outstanding balance has been paid in full. Additionally, a $35 Returned Payment Fee is automatically applied when a payment is returned. If two payments are returned to the University due to insufficient funds, all future payments must be made by guaranteed funds (e.g., wire transfer, cashier's check).
- A hold is added to the account when GWeb does not display a valid address. This hold can be removed once the address and/or valid dates have been updated in GWeb.
If a hold is added due to an outstanding balance and the outstanding balance remains for more than 90 days, the account may be referred to an agency and/or attorney for collection. The student is then responsible for all charges, costs and fees due to or incurred by the University as well as all costs, fees and charges incurred by the agency and/or attorney, including attorney's fees.