As an apartment community, we have a limited ability to work with our residents outside of the due dates on the Lease Contract. Although many students use financial services to pay for their housing, it is important to understand the responsibilities of each resident regardless of the financial service they are using.
Unlike many student housing communities across the country, we do not require the semester to be paid in full upfront. Instead, we offer students a traditional monthly installment option to allow more opportunities for you to pay in a timely fashion!
💭 Understanding Making Payments on Time ____________________________________________
Many students pay for their housing and meal plan the a variety of financial services including government financial aid, 529 College Funds, scholarships or other student financial services. Regardless of which financial assistance option you are receiving, rent is due on the 1st of the month as outlined in the Lease Contract.
Please make sure you speak to your university financial aid office about disbursement dates as sometimes they do not distribute refunds until after your rent has already be due!
Rent is due on the 1st of the month
Regardless of the financial assistance received, all of our residents pay rent on the 1st of the month as outlined in the Lease Contract. If you are receiving assistance financially, it is important that you make payments in a timely fashion.
What if I don't receive the money until after my Move In Date?
If your move in date, and subsequent rental installment date(s), are due prior to you receiving your financial assistance then you are still responsible for finding a way to make the payments on time as outlined in the Lease Contract.
In other words, not having received your financial aid refund is not a valid reason to not making payments on time towards your rent and meal plan as agreed upon in your Lease Contract.
You will be unable to move in, or remain living at our community, should you not make payments on the 1st of each month as is standard in student housing and apartment communities across the nation!
Nearly all of our students are required to have a Guarantor as they provide financial stability to the student along with other benefits to our community. We suggest asking your Guarantor for a short term loan, taking a private loan from a bank, using a credit card or getting a job in the summer in order to make payments on time.
Regardless of how you decide to make your housing payments on time, you can simply pay back the loans or support options you chose once you receive your financial assistance!
In summary, the Regency & Villas Apartments are unable and legally not allowed to be both a housing provider and a loan option. We can certainly help you with suggestions and recommend speaking with your universities financial aid office for the best options for you!