Your Financial Responsibility

What is Your Financial Responsibility?

All students are responsible for paying tuition, fees, and other associated costs at Clark University. For your reference, below is the Statement of Financial Responsibility, which all students sign before registering for classes at Clark.

Statement of Financial Responsibility

Payment of Fees/Promise to Pay

I understand that when I register for any class at Clark University or receive any service from Clark 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 Clark 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. 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 my student account bill or any monies due and owing Clark University by the scheduled due date, Clark University will place a financial hold on my student account, preventing me from registering for future classes, requesting transcripts, or receiving my diploma.

Late Payment Charge: I understand and agree that if I fail to pay my student account bill or any monies due and owing Clark University by the scheduled due date, Clark University will assess late payment fee of $200 and finance charges at the rate of 1% 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 Clark University by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Clark University 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 33 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.

Communication

Method of Communication:  I understand and agree that Clark 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 Clark University on a timely basis.

Contact:  I authorize Clark University 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 Clark University, or to receive general information from Clark University. I authorize Clark University 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 phone by submitting my request in writing to Clark University Student Accounts or in writing to the applicable contractor or agent contacting me on behalf of Clark University.

Updating Contact Information:  I understand and agree that I am responsible for keeping Clark University records up to date with my current physical addresses, email addresses, and phone numbers by following the procedure here.  The linked procedure is incorporated herein by reference.  Upon leaving Clark University for any reason, it is my responsibility to provide Clark University with updated contact information for purposes of continued communication regarding any amounts that remain due and owing to Clark University.

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 Clark University are a necessity, and I am contractually obligated pursuant to the “doctrine of necessaries.”

Modifications

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