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OSU doesn't require students to pre-pay tuition before each term, so every student at Oregon State University has a student account, and must e-sign the "Student Financial Services Agreement" found in MyBill.oregonstate.edu which outlines rights and responsibilities of the billing account.
Financial Aid and Scholarship money is credited directly to the student account and is used to pay tuition and qualifying charges. Any excess financial aid is refunded to the student in the form of a check or direct deposit to the student's bank account. When you finish registering, your schedule is official. This obligates you to pay all tuition and fees for your classes.
Please note that some academic majors/programs charge a differential tuition rate, which can be found on the tuition tables. Also note that in addition to tuition, students are charged enrollment fees (also known as mandatory fees).