Payment of Fees/Promise to Pay

I understand that when I register for any class at Manhattan Area Technical College or receive any service from Manhattan Area Technical College 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 Manhattan Area Technical College 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 Manhattan Area Technical College.  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 for my student account bill or any monies due and owing Manhattan Area Technical College by the scheduled due date, Manhattan Area Technical College 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 Manhattan Area Technical College by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Manhattan Area Technical College may refer my delinquent account to a collection agency.  I further understand that I am responsible for paying the collection agency fee which may be based on a percentage at a maximum of Manhattan Area Technical College percent of my delinquent account, 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.

 

Financial Aid

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 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.