Payment of Fees/Promise to Pay
I understand that when I register for any class at Sacred Heart University or receive any service
from Sacred Heart University I accept full responsibility to pay all tuition, fees, and other
associated costs assessed as a result of my registration and/or receipt of services. I further
understand and agree that my registration and acceptance of these terms constitutes a
promissory note agreement (i.e., a financial obligation in the form of an educational loan as
defined by the U.S. Bankruptcy Code at 11 U.S.C. §523(a)(8)) in which Sacred Heart University is
providing me educational services, deferring some or all of my payment obligation for those
services, and I promise to pay for all assessed tuition, fees, and other associated costs by the
published or assigned due date. I understand and agree that if I drop or withdraw from some or
all of the classes for which I register, I will be responsible for paying all or a portion of tuition and
fees in accordance with the published tuition refund schedule at Sacred Heart University's
Withdrawal Refund Policy webpage. I have read the terms and conditions of the published tuition
refund schedule and understand those terms are incorporated herein by reference. I further
understand that my failure to attend class or receive a bill does not absolve me of my financial
responsibility as described above.
Delinquent Account/Collection: Financial Hold
I understand and agree that if I fail to pay my student account bill or any monies due and owing
Sacred Heart University by the scheduled due date, Sacred Heart University will place a financial
hold on my student account, preventing me from registering for future classes, requesting
transcripts, or receiving my diploma.
Late Payment Charge
I understand and agree that if I fail to pay my student account bill or any monies due and owing
Sacred Heart University by the scheduled due date, Sacred Heart University will assess late
payment and/or finance charges at the rate of .75% per month (annual rate of 9%) on the past
due portion of my student account until my past due account is paid in full. Such interest to be
computed from the original due date.
Collection Agency Fees
I understand and accept that if I fail to pay my student account bill or any monies due and owing
Sacred Heart University by the scheduled due date, and fail to make acceptable payment
arrangements to bring my account current, Sacred Heart University may refer my delinquent
account to a collection agency. I further understand that if Sacred Heart University refers my
student account balance to a third party for collection, a collection fee will be assessed and will be
due in full at the time of the referral to the third party. The collection fee will be calculated at the
maximum amount permitted by applicable law, but not to exceed 15% of the amount
outstanding. For purposes of this provision, the third party may be a debt collection company or
an attorney. If a lawsuit is filed to recover an outstanding balance, I shall also be responsible for
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