A student`s registration is activated through the submission to the bursar`s office of a term bill, accompanied either by payment or by an appropriate award of financial aid. All term bills, including those with a zero balance, must be returned to the university in order to finalize registration. Activation of registration does not take place if there are "holds" placed on a student`s records because of failure to meet outstanding obligations of a financial, academic, disciplinary, or administrative nature.