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AMERIPLAN AGREEMENT AMERICAN UNIVERSITY AMERIPLAN GUARANTEED TUITION/SINGLE PAYMENT (American University)

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AMERIPLAN AGREEMENT

AMERICAN UNIVERSITY

AMERIPLAN GUARANTEED TUITION/SINGLE PAYMENT PLAN

THIS AGREEMENT is made this ____ day of ________, 2020, by and between American

University (hereinafter "University"), a Congressionally-chartered, nonprofit institution of higher

education, located at 4400 Massachusetts Avenue, NW, Washington, DC, and

_______________, (hereinafter "Student"), parent(s), legal guardian or other participant (together

with Student, hereinafter "Participants").

WHEREAS, Student is enrolled as a full-time undergraduate at University for the 2020-2021

academic year; and

WHEREAS, the Participants desire to provide for the education of Student at University; and

WHEREAS, in order to provide a means of stabilizing tuition expenses for the Participants, the

University is willing to accept immediate payment via check or money order for the full tuition

of Student's entire four (4) years of undergraduate tuition (Fall and Spring terms) at the University's

published tuition rates for the 2020-2021 academic year (hereinafter "Prepaid Tuition") under the

terms and conditions of the AmeriPlan Guaranteed Tuition/Single Payment Plan (hereinafter

"Plan"), as more fully set forth herein.

NOW, THEREFORE, for the mutual promises and consideration set forth herein, the parties agree

as follows:

1) The terms of this Agreement shall be from Fall, 2020 to Spring, 2024 (eight semesters),

unless terminated by either party by prior written notice under the terms and conditions

controlling termination as outlined in this Agreement.

2) On or before August 1st, 2020, the Participants shall pay to University at the Student

Accounts office, the Prepaid Tuition in the amount of Two Hundred and Two Thousand

One Hundred and Sixty Eight Dollars and No Cents ($202,168.00). By the same date, the

Participants shall submit to the University this Agreement, properly executed by all

Participants who will be bound by its terms and conditions.

3) In consideration of the timely receipt of the Prepaid Tuition set forth above, the University

agrees that the tuition payment will constitute payment in full of the Student's four (4) years

undergraduate tuition (Fall and Spring terms) at the University, subject to the terms and

conditions of this Agreement.

4) If the Student, voluntarily or involuntarily, takes a leave of absence or permanently

withdraws from the University, the Participants agree that the Student Accounts office will

be notified, in writing, of the Student's intention to withdraw or take a leave of absence.

Such notification shall be made within ten (10) days of the University's approval of any

request for a leave of absence or withdrawal. The following conditions apply to any refund

of the Prepaid Tuition amounts:

a) if the Student permanently withdraws or takes a leave of absence, whether

voluntarily or involuntarily, at the end of the term and prior to the beginning of the

following term, the Participants may request a refund of the unused balance of the

Prepaid Tuition. The balance will be calculated by multiplying the number of

remaining, unused prepaid terms by the rate of tuition imposed at the start of this

Agreement, Twenty Five Thousand Two Hundred and Seventy One Dollars and No

Cents ($25,271.00)

b) if the Student permanently withdraws or takes a leave of absence, whether

voluntarily or involuntarily, during a term, the then current published regulations

of University as set forth in the Undergraduate Academic Bulletin with respect to

refunds of tuition paid for that term shall apply. Tuition refunds for remaining,

unused terms, if any, subsequent to each term of withdrawal will be calculated at

the rate of tuition imposed at the start of this Agreement, currently Twenty Five

Thousand Two Hundred and Seventy One Dollars and No Cents ($25,271.00)

c) if the Student takes a leave of absence, the Participants, at their option, may

continue to participate in the AmeriPlan if the Student's absence does not exceed

one (1) year and the unused balance of the Prepaid Tuition remains with the

University. The tuition rate in effect at the date of execution of this Agreement

cannot be guaranteed after an absence from the University of more than one (1)

year. Except as provided above, the undergraduate tuition rate first imposed at the

execution of this Agreement is guaranteed under the AmeriPlan for four (4) years.

If one or more additional terms is required for graduation due to a reduced course

load, academic difficulty or otherwise, additional tuition for those terms will be

payable at the then prevailing tuition rates;

d) if the Student takes a reduced course load in the last term of his or her program, the

Participants may request a partial refund of the Prepaid Tuition for that term. The

Participants agree to notify the Office of Student Accounts of the Student's intent

to take a reduced course load no later than ten (10) days after the request for a

reduced course load is approved by the University. Both the notification of a

reduced course load and the request for a partial Prepaid Tuition refund must be in

writing, and sent to the attention of Student Accounts. If a refund is due, it will be

calculated in accordance with the standard method then used by the University to

determine such refunds.

5) The University reserves the right to offset against any amounts refundable under the terms

of this Agreement, any amount owed to it at such time by any Participant, including,

without limitation, any other tuition or non-tuition charges incurred by the Student.

6) Under no circumstances will the University pay interest on any portion of the Prepaid

Tuition or any amount refunded under the terms of this Agreement.

7) Unless otherwise directed in writing, signed by all Participants, the University shall pay

refunds, if any, due to the Participants under this Agreement, directly to the participant(s)

as named___________________________________________. If the Student has met the

conditions for a refund under Section 4, and has received University written notification of

approval for a request of withdrawal or leave of absence, Participants may make a written

request for a refund. Such a refund will be made within twenty (20) working days after the

University receives the Participants request. The Participants agree that any refund

payments made in accordance with the provisions of this section will relieve the University

of further liability for such funds. The Participants further agree to indemnify the

University, from any claims of any nature arising out of such refund payment.

8) The Prepaid Tuition covers a course load of up to 17 credit hours per semester. Student

who registers for more than 17 credit hours in any Fall or Spring semester will be charged

the Semester Prepaid Tuition with an additional charge for each credit hour over 17. This

charge must be paid at the beginning of the semester.

9) Tuition for summer school is not covered by this Agreement. The University's actual

tuition rate then in effect must be paid at the beginning of any summer session registered

for by the student.

10) The Participants may not assign this Agreement to any other person or apply the benefits

hereunder to any other student.

11) This Agreement covers only basic tuition charges as defined by the University (exclusive

of summer school tuition) and in no way limits the University's rights regarding other

matters, including, but not limited to: (i) the right to increase University charges for items

not covered by the terms of this Agreement. By way of example, but not limited to, include

such items as room, board, health care coverage, summer tuition and other ancillary

University charges; and (ii) the University's enforcement of its rules and regulations

governing the terms and conditions of matriculation and attendance at the University,

graduation requirements, student conduct and academic standing.

12) This Agreement shall be governed and construed in accordance with the laws of the District

of Columbia.

13) This Agreement constitutes the entire understanding between the Parties with regard to the

AmeriPlan Guaranteed Tuition/Single Payment Plan for the named Student. Except as

herein set forth, there are no other promises, representations or understandings with regard

to AmeriPlan Guaranteed Tuition/Single Payment Plan between the parties of any kind or

nature whatsoever.

14) If any provision shall be held invalid or unenforceable, such provision shall be severable

from the Agreement without affecting the validity or enforceability of the remainder of

the Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement.

Student Participant Participant

_______________________________________ ____________________________________

Signature Date Signature Date

_______________________________________ ____________________________________

Name (printed) Name (printed)

_______________________________________ ____________________________________

Address Address

_______________________________________ _____________________________________

Student ID Number Relationship to Student

Participant For American University

_______________________________________ By:_________________________________

Signature Date

_______________________________________ ____________________________________

Name (printed) Name (printed)

_______________________________________ ____________________________________

Address Title

_______________________________________

Relationship to student

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