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Late Payment Policy and Procedure 


Students and/or parents are required to make payment for Course Fees and Miscellaneous Fees 

by the scheduled due dates as stated in the PEI Standard Student Contract. NYAC considers any 

payment made more than 7 days after the due date(s) in Schedule B for Course Fees, or more 

than 7 days after the due date(s) in the invoices for Miscellaneous Fees, as late. A late payment 

fee may be imposed for such cases. Failure to settle outstanding Course Fees, Miscellaneous 

Fees, and late charges may result in NYAC exercising its right to cancel the student’s registration 

and suspend related student services.