Interest will be charged on outstanding balances at an annual rate as determined by the University (12 per cent at the time of the posting of this Calendar). Fee and interest rates may be subject to change without prior notice. Interest is assessed on the student financial account on the first of each month. University of Calgary does not remove student registration for non-payment. Late payments will restrict access to transcripts, future registrations, library, and recreation privileges, and other restrictions to student accounts and services.