PAYMENT OF
FEES/PROMISE TO PAY
I understand that when I register for any
class at Luther Rice College & Seminary or receive any service from Luther
Rice College & Seminary 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 Luther Rice College & Seminary 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 or within 120 days from the creation date of
a balance due, whichever occurs earlier.
I understand and agree that if I drop,
withdraw, or are administratively withdrawn from some or all of the classes for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 located in
the Tuition and Fees section of the Luther Rice College & Seminary catalog
for the current academic year (note: summer terms abide by the tuition refund
schedule of the upcoming academic year).
The term administratively withdrawn entails institutionally-initiated
withdrawal of the student from one, or all, course(s) for reasons that shall
include, but are not limited to, academic, financial, and/or attendance-related
issues. 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.
FINANCIAL
AID
I understand that aid described as
“estimated” on my Financial Aid Award does not represent actual or guaranteed
payment, but is an estimate of the aid I may receive if I meet all requirements
stipulated by that aid program.
I understand that my Financial Aid Award
is contingent upon my continued enrollment and attendance in each class upon
which my financial aid eligibility was calculated. If I drop, withdraw, or are
administratively withdrawn from any class before completion, I understand that
my financial aid eligibility may decrease and some or all of the financial aid
awarded to me may be revoked.
If some or all of my financial aid is revoked because I dropped or failed to
attend class, I agree to repay all revoked aid that was disbursed to my account
and resulted in a credit balance that was refunded to me.
I agree to allow financial aid I receive to
pay any and all charges assessed to my account at Luther Rice College &
Seminary
Federal
Aid: I understand that any federal
Title IV financial aid that I receive, except for Federal Work Study wages,
will first be applied to any outstanding balance on my account for tuition,
fees (Technology, Library, Drop, Graduation), book charges, and
educationally-related goods and services in accordance with the terms of the
aid. Title IV financial aid includes aid from the Pell Grant, Supplemental
Educational Opportunity Grant (SEOG), and Direct Loan.
Prizes,
Awards, Scholarships, Grants: I
understand that all prizes, awards, scholarships and grants awarded to me by Luther
Rice College & Seminary will be credited to my student account and applied
toward any outstanding balance. I further understand that my receipt of a
prize, award, scholarship or grant is considered a financial resource according
to federal Title IV financial aid regulations, and may therefore reduce my
eligibility for other federal financial aid (i.e., loans, grants, Federal Work Study)
which, if already disbursed to my student account, must be reversed and
returned to the aid source.
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 Luther Rice College & Seminary by the scheduled
due date or 120 days from the creation date of a balance due, whichever occurs
earlier, Luther Rice College & Seminary will place a financial hold on my
student account, preventing me from registering for future classes, requesting
transcripts, or receiving my diploma.
Collection Agency Fees: I understand
and accept that if I fail to pay
my student account
bill or any monies due and owing Luther Rice College & Seminary by the scheduled due date or 120
days from the creation date of a balance due, whichever occurs earlier, and
fail to make acceptable payment arrangements
to
bring my account current,
Luther Rice College & Seminary may
refer my delinquent account to a collection
agency. I further understand
that if Luther Rice College & Seminary refers my student account balance to a third party
for collection, a collection fee may 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
40 percent 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 any costs associated with the lawsuit
such as court costs, reasonable attorney’s fee or other applicable costs.
Venue for any court action initiated by the Collection Agency will be the state
and county which the student resides at the time of filing.
Finally, I understand that my delinquent account may be reported
to one or more of the national credit bureaus.
BILLING ERRORS
I
understand that administrative, clerical or technical billing errors do not
absolve me of my financial responsibility to pay the correct amount of tuition,
fees and other associated financial obligations assessed as a result of my
registration at Luther Rice College & Seminary.
RETURNED PAYMENTS/FAILED PAYMENT AGREEMENTS
If a payment made to my student account is
returned by the bank for any reason, I agree to repay the original amount of
the payment plus a returned payment fee in the amount published in the Luther
Rice College & Seminary catalog for the current academic year. I understand
that multiple returned payments and/or failure to comply with the terms of any payment
plan or agreement I sign with Luther Rice College & Seminary and/or a
third-party vendor may result in administrative withdrawal from my classes,
suspension of my eligibility to register for future classes, and/or restriction
of payment methods at Luther Rice College & Seminary.
COMMUNICATION
Method
of Communication: I understand and agree
that Luther Rice College & Seminary uses my institutional e-mail (unless
access to my institutional email has been removed) as an official method of
communication with me, and that therefore I am responsible for reading the
e-mails I receive from Luther Rice College & Seminary on a timely basis.
Contact:
I authorize Luther
Rice College & Seminary and its
agents and contractors to contact me at my current
and any future cellular
phone number(s), email
address(es) or wireless device(s) regarding
my delinquent student account(s)/loan(s),
any
other debt I owe to Luther Rice College & Seminary, or to receive general
information from Luther Rice College &
Seminary. I authorize
Luther Rice College & Seminary and
its agents and contractors to use automated
telephone dialing equipment, artificial or pre-recorded voice or text messages,
and
personal calls and
emails, in their
efforts to contact
me. Furthermore, I understand that I may withdraw
my consent to call my cellular
telephone using automated telephone dialing equipment by submitting my request in
writing to the Student Services
Office (StudentServices@LutherRice.edu) or in writing
to the applicable contractor or agent contacting me on behalf of Luther Rice College & Seminary.
Updating
Contact Information: I understand
and agree that I am responsible for keeping Luther Rice College & Seminary
records up to date with my current physical addresses, email addresses, and
phone numbers by following the procedure at https://mycampus.lutherrice.edu/account/personal-info. The linked procedure is incorporated herein
by reference. Upon leaving Luther Rice
College & Seminary for any reason, it is my responsibility to provide
Luther Rice College & Seminary with updated contact information for
purposes of continued communication regarding any amounts that remain due and
owing to Luther Rice College & Seminary.
PERSONAL INFORMATION
I agree to allow Luther Rice College & Seminary to
update, correct, and/or provide my personal information to third-party
organizations that perform services related to my educational pursuit (e.g.,
financial aid processers, loan servicers, financial organizations, etc.)
ENTIRE
AGREEMENT
This agreement supersedes all prior
understandings, representations, negotiations and correspondence between the student
and Luther Rice College & Seminary, constitutes the entire agreement
between the parties with respect to the matters described, and shall not be
modified or affected by any course of dealing or course of performance. This agreement may be modified by Luther Rice
College & Seminary if the modification is signed by me. Any modification is specifically limited to
those policies and/or terms addressed in the modification.
GOVERNING
LAW
This Agreement is made and entered into and shall be
governed by and construed in accordance with the laws of the State of Georgia.
No course of dealing and no delay on the part of Luther Rice College & Seminary in
exercising any right, power or remedy shall operate as a waiver thereof, or
otherwise prejudice its rights, powers or remedies.