Payment Terms Agreement

TWU PAYMENT TERMS AGREEMENT       

At the time of registration for any semester or term, every student is required to accept the TWU Payment Terms Agreement below.  If the Agreement is declined, registration will not be allowed.

TERMS
I [name of student], acknowledge that enrolling for courses at TWU constitutes a financial obligation to the University.  I understand that it is my responsibility to withdraw from the University by contacting the Office of Student Life, prior to the first official University class day for any semester or term to avoid financial obligation.

Withdrawal Information 

        NOTE:  Dropping courses or withdrawing from the University does not relieve a student of their financial obligation to the University for any unpaid charges (including financial aid adjustments) incurred for the related semester or term.  The University will submit for collection any delinquent balance and an additional 30% will be added to the balance for collection charges.

I hereby agree to pay the balance of my tuition and fees by one of the two options stated in this Agreement. 

OPTION 1
I may choose to pay and/or use financial aid to pay my balance in FULL prior to the first day of classes for any semester or term.  I understand that:

Changes in my class schedule may affect my charges.

If I add a class, I will pay and/or use financial aid to pay the FULL amount due for the added class on or prior to the last day of late registration as stated in the academic calendar.

Failure to pay in full will constitute acceptance of the Installment Payment Option and the $15 installment plan fee.

OPTION 2
I may choose to pay my balance on the Installment Payment Option for the long Fall, Spring or Summer terms.  By doing so I understand that: 
I must enroll for this option online through Portal>WebAdvisor>Pay Online and that the entire minimum required down payment must be made prior to, or at the time of, enrollment in the plan.

Satisfaction of the minimum payment requirement, whether by payment, financial aid or emergency loan, must be completed before the established payment deadline as stated in the academic calendar for any semester or term.

My awarded financial aid will be calculated towards the terms of the plan at the time of enrollment. 

There is a $15 payment plan setup fee and that it will be calculated in my initial payment.

A $15 late fee will be assessed for each late payment and that there is no grace period.

The fees stated in this Agreement are subject to change without prior notice.

The remaining balance will be due in 3 installment payments (long Fall or Spring) OR 2 installment payments (long Summer) on or before the due date specified for each installment.  

Installment amounts may change account for any new charges, payments, or financial aid adjustments.

If I increase my credit hours after enrolling in the payment plan,

I must pay for the added classes in full OR,

Contact the Bursar's Office to determine and pay the minimum amount due and that payment must be made on or before the last day of late registration as stated in the academic calendar.

By accepting this Agreement, Texas Woman's University, has the right to administratively enroll me in the Installment Payment Option should I make the minimum required payment but fail to complete the plan enrollment process through Portal>WebAdvisor>Pay Online.

A student who fails to make full payment of tuition and fees, including any incidental fees, by the due date may be prohibited from registering for classes until full payment is made. A student who fails to make payment prior to the end of the semester may be denied credit for the work done that semester.

THIRD PARTY BILLING

I understand that:
It is my responsibility to submit to the Bursar's office any third party letter of credit or payment Agreement at least one week prior to the beginning of a semester or term. 

The University will apply advance credit to my student account, based on the terms of the letter/Agreement. 

The University will bill the third party after the last day to withdraw from a semester or term and receive a refund. 

I am responsible for any portion of charges that are not paid by the third party and that the balance must be satisfied before I will be allowed to register for future semesters or receive official University documents. 

Receipt of third party benefits may affect my financial aid award and could result in an adjustment of the award. 

ADDITIONAL ACKNOWLEDGEMENT

I understand that:
The University will turn over for collection any delinquent balance and that an additional 30% will be added to the balance for collection charges.   

That my student account is considered by TWU, a non-profit institution of higher learning, to be an educational loan made to me to assist in the financing of my education and, therefore is not dischargeable under the United States Bankruptcy Code.