Financial Agreement
By enrolling in classes at °µºÚ±¬ÁÏÍø (IU), you are entering into a legally binding contract in which you acknowledge and agree to pay all tuition and fees assessed to your bursar account. This includes accepting responsibility for any additional costs related to your enrollment at °µºÚ±¬ÁÏÍø including, but not limited to, room and housing charges, meals, parking passes and fines, library fines, and any other departmental or college costs. Tuition and Fees apply regardless of the method of instruction or length of term, even if the instruction method changes at any point of the year, and you acknowledge that such academic determinations will be made by °µºÚ±¬ÁÏÍø in its sole discretion. Published drop/add deadlines also apply regardless of the method of instruction.
You understand and agree that if you allow your bursar account to become delinquent, °µºÚ±¬ÁÏÍø will restrict your access to certain services, such as future registration or release of diploma, until such time as your account is paid in full. You understand and agree that if you fail to pay your student account bill or any monies due and owing °µºÚ±¬ÁÏÍø by the billing due date, °µºÚ±¬ÁÏÍø reserves the right to cancel your enrollment and may assess late payment and/or finance charges per month on the past due portion of your student account until your past due account is paid in full.
In addition, you understand and agree that °µºÚ±¬ÁÏÍø may refer your past due account for collection, report your delinquency to the credit bureau system, authorize legal action against you for the collection of this debt and report the debt to the Indiana Department of Revenue Tax Interception Program. You understand and agree that you will be liable for all collection fees, plus any court and attorney fees resulting from the enforcement of this agreement (as allowed under Indiana Code section 21-14-2-11), necessary for the collection of any amount not paid when due. Any collection fees stated above are in addition to the principal, fees, and interest due on the account.
You understand and agree that °µºÚ±¬ÁÏÍø uses electronic means for registration in classes, financial aid acceptance and processing, and financial transactions such as account payments and payment plan setup. Email is an official method of communication at IU. IU will send notifications regarding your academic record, account balances, financial aid, and other information related to your status as a student at °µºÚ±¬ÁÏÍø to your official university email account.
You understand and agree that if you accrue an unpaid balance, you authorize the University and/or its agents, including attorneys and collection agencies, to contact you via cellular telephone and all forms of electronic technology (including text messaging and email) to collect such outstanding debt, unless you notify the agent in writing to cease electronic/cellular communication.
You understand and agree that neither suspension nor expulsion from °µºÚ±¬ÁÏÍø ends your obligation to pay any unpaid tuition and fees assessed to your bursar account. You further understand and agree that suspension or expulsion will result in the forfeiture of tuition and fees paid for the semester in which you were suspended or expelled.
You understand and agree that administrative, clerical, or technical billing errors do not absolve you of your financial responsibility to pay the correct amount of tuition, fees, and other associated financial obligations assessed as a result of your registration at °µºÚ±¬ÁÏÍø.
In the event that a payment to your student account is declined or reversed by the bank for any reason, you agree to repay the original amount of the payment plus a returned payment fee not to exceed the maximum amount allowed by Indiana law. You understand and agree that returned payments and/or failure to comply with the terms of any payment plan or agreement you entered into with °µºÚ±¬ÁÏÍø, may result in cancellation of your classes and/or suspension of your eligibility to register for future classes at °µºÚ±¬ÁÏÍø. You acknowledge that °µºÚ±¬ÁÏÍø may require guaranteed funds for future payments as a condition for allowing registration.
You understand and agree that if you drop or withdraw from some or all of the classes for which you register, you will be responsible for paying all or a portion of tuition and fees in accordance with the published tuition refund schedule. You further understand that your failure to attend class or receive a bill does not absolve you of your financial responsibility as described above.