Financial Responsibility Agreement
Payment of Fees/Promise To Pay
I understand that when I register for any class at Kansas State University or receive any service from Kansas State 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 Kansas State 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 Kansas State University. 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.
I understand and agree that if I am younger than the applicable age of majority when I execute this agreement that the educational services provided by Kansas State University are a necessity, and I am contractually obligated pursuant to the “doctrine of necessaries.”
Financial Hold: I understand and agree that if I fail to pay my student account bill or any monies due and owing Kansas State University by the scheduled due date, Kansas State University will place a financial hold on my student account, preventing me from registering for future classes, requesting transcripts, or receiving my diploma.
Please note payment waiting periods for hold removal.
• Cash: immediate release of hold
• ACH: 5 business days
• Check: 15 business days
• Credit card: 20 business days
• Payment to collection agency: when email receipt from collection agency is received by KSU
Late Payment Charge: I understand and agree that if I fail to pay my student account bill or any monies due and owing Kansas State University by the scheduled due date, Kansas State University will assess late payment and/or finance charges at the rate of 1.5% per month on the past due portion of my student account until my past due account is paid in full.
Collection Agency Fees: I understand and accept that if I fail to pay my student account bill or any monies due and owing Kansas State University by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Kansas State University may refer my delinquent account to a collection agency. I further understand that I am responsible for paying the collection agency fee, together with all costs and expenses, including reasonable attorney’s fees, necessary for the collection of my delinquent account. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus.
Method of Communication: I understand and agree that Kansas State University uses e-mail as an official method of communication with me, and that therefore I am responsible for reading the e-mails I receive from Kansas State University on a timely basis.
Updating Contact Information: I understand and agree that I am responsible for keeping Kansas State University records up to date with my current physical addresses, email addresses, and phone numbers. The linked procedure is incorporated herein by reference. Upon leaving Kansas State for any reason, it is my responsibility to provide Kansas State University with updated contact information for purposes of continued communication regarding any amounts that remain due and owing to Kansas State University.
This agreement supersedes all prior understandings, representations, negotiations and correspondence between the student and Kansas State University, 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 Kansas State University if the modification is signed by me. Any modification is specifically limited to those policies and/or terms addressed in the modification.