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    Student Financial Responsibility Agreement 2023-2024

    McPherson College 

    Student Financial Responsibility Agreement
    When you submit this form, the owner will see your name and email address.
    I acknowledge that by registering for classes at McPherson College, I accept full responsibility to pay all assessed tuition and fees that result from my initial registration and/or future drop/add activity. I understand that I am responsible to pay for all classes in which I am registered.

    I further understand and agree that my registration at McPherson College and acceptance of the terms of this Financial Responsibility Agreement 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 McPherson College is providing me educational services and I promise to pay for all assessed tuition, fees, and other associated costs by the scheduled due date as reflected in emails to me; in the invoices, statements, and within the Finance tab, Business Office subline of McPherson College Bulldog Connect portal.

    I understand that if I’m not planning to attend, it is my responsibility to drop my classes as the College will not automatically cancel my registration.

    I understand that, regardless of any expected reliance on third-party resources, including but not limited to financial aid, family resources, employer reimbursement, government assistance, or any other external resources, I remain personally responsible for paying any and all outstanding balances. I further understand and agree that McPherson College may charge, credit or deduct all or any part of the amounts due as a result of my registration and/or receipt of services against any deposits or accounts that I may have with McPherson, at any time and without notice.
    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 enrollment at McPherson College.
    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 enrollment at McPherson College.
    DELINQUENT ACCOUNT/COLLECTION

    Financial Hold: I understand McPherson College will place a Financial Hold on my student record if I fail to pay all charges assessed to my student account by the due date. I also understand this Financial Hold will prevent the release of my academic transcripts and diploma and will prevent me from enrolling in future semesters until the debt to McPherson College has been paid in full.

    Collections: I understand and agree that if I fail to complete financial settlement or pay my student account balance or any monies due and owing McPherson College by the scheduled due date as reflected on Bulldog Connect, I may enter into a written payment plan on terms acceptable to McPherson. If I otherwise fail to make acceptable payment arrangements to bring my account current, including but not limited to entering into a written payment plan on terms acceptable to McPherson, or if I fail to make payments as agreed under such payment plan, McPherson may refer my delinquent account to a third party for collection. The third party will be a debt collection agency. I understand that my delinquent account may be reported to one or more of the national credit bureaus.

    Late Fees/Interest Charges: I understand that McPherson College will charge a late fee of $25 to my account each month when a payment is not made. I also understand that if I exit the college with a balance on my account, I will be charged 8% interest in addition to the late fee each month in which a payment is not made.
    DELINQUENT ACCOUNT/COLLECTION

    Financial Hold: I understand McPherson College will place a Financial Hold on my student record if I fail to pay all charges assessed to my student account by the due date. I also understand this Financial Hold will prevent the release of my academic transcripts and diploma and will prevent me from enrolling in future semesters until the debt to McPherson College has been paid in full.

    Collections: I understand and agree that if I fail to complete financial settlement or pay my student account balance or any monies due and owing McPherson College by the scheduled due date as reflected on Bulldog Connect, I may enter into a written payment plan on terms acceptable to McPherson. If I otherwise fail to make acceptable payment arrangements to bring my account current, including but not limited to entering into a written payment plan on terms acceptable to McPherson, or if I fail to make payments as agreed under such payment plan, McPherson may refer my delinquent account to a third party for collection. The third party will be a debt collection agency. I understand that my delinquent account may be reported to one or more of the national credit bureaus.

    Late Fees/Interest Charges: I understand that McPherson College will charge a late fee of $25 to my account each month when a payment is not made. I also understand that if I exit the college with a balance on my account, I will be charged 8% interest in addition to the late fee each month in which a payment is not made.
    Student Age

    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 McPherson College are a necessity, and I am contractually obligated pursuant to the "doctrine of necessities".
    Student Age

    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 McPherson College are a necessity, and I am contractually obligated pursuant to the "doctrine of necessities".
    In addition, I agree to allow McPherson College and its agents to contact me at any cell phone number that I provide now or use in the future, text messages, or personal calls regarding my obligation to repay my debts to McPherson College. I also authorize McPherson College or its agents to contact me via my bulldog.mcpherson.edu address or an email address that I provide to the College. I understand that others may be able to review my messages and/or emails related to my debts sent to or from McPherson College, including their contents, which may include information about my debt and its status. I understand that returned payments and/or failure to comply with the terms of any payment agreement I sign may result in cancellation of my current registration and/or suspension of my eligibility to register for future semesters.

     
    In addition, I agree to allow McPherson College and its agents to contact me at any cell phone number that I provide now or use in the future, text messages, or personal calls regarding my obligation to repay my debts to McPherson College. I also authorize McPherson College or its agents to contact me via my bulldog.mcpherson.edu address or an email address that I provide to the College. I understand that others may be able to review my messages and/or emails related to my debts sent to or from McPherson College, including their contents, which may include information about my debt and its status. I understand that returned payments and/or failure to comply with the terms of any payment agreement I sign may result in cancellation of my current registration and/or suspension of my eligibility to register for future semesters.

     
    Entire Agreement 
    This agreement supersedes all prior understandings, representations, negotiations and correspondence between the student and McPherson College, 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 McPherson College if the modifications is signed by me. Any modification is specifically limited to those policies and/or terms addressed in the modification.

     
    Entire Agreement 
    This agreement supersedes all prior understandings, representations, negotiations and correspondence between the student and McPherson College, 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 McPherson College if the modifications is signed by me. Any modification is specifically limited to those policies and/or terms addressed in the modification.

     

    I agree and understand that all electronic signatures are the legal equivalent of my handwritten signature and I consent to be legally bound to this agreement.