The Office of the Bursar is responsible for the collection of University financial obligations. An account that is past due is encumbered by the Office of the Bursar. The Student Loan Administration may also encumber the accounts of students who have not satisfied their obligations to that department. A student whose account is encumbered will be denied certain University services (e.g. registration, transcripts, enrollment verification, diploma, financial aid). Payment agreements with the Office of the Bursar will not clear a student to register. Once payment in full is received or appropriate credits have been applied to the bursar account, financial holds will be removed.