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I have a balance from a previous term and noticed several payments on my account labeled “transfer payment.” What does that mean?
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Each year on June 30, Elgin Community College moves any unpaid balances from the current term to an outstanding account for tracking purposes. The student financial system labels this action as a “payment”, even though no payment was made. This is simply an internal accounting process and does not change or reduce your balance.
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Last updated on Oct 24, 2025
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