Payment Agreement Terms
I understand that when I register for any class or any service from Iona 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 promise to pay Iona College the sum of the amounts incurred by my student account, including but not limited to tuition, room and board, student fees, bookstore charges, and parking fees and fines.
I further understand and agree that my registration and acceptance of these terms constitutes a promissory note agreement, 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 Iona 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. When dropping classes, I acknowledge that my change in this term’s credit load may affect my enrollment status and eligibility for financial aid awards, loans, and other aid. I will consult with Student Financial Services and/or other lenders to determine the impact.
A non-refundable monthly late fee of $105 will be assessed for any past due balance.
Payment for all summer and winter intersession classes is due at the time of registration and in any event no later than the day web registration closes.
E-bills are issued monthly, and students are responsible for monitoring their student account and making payments for charges incurred that are due, but not yet billed.
Collection Agency Fees
I understand and accept that if I fail to pay my student account bill or any monies due Iona College by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Iona College may refer my delinquent account to a collection agency. I further understand that by law, Iona College must disclose that I am responsible for paying the collection agency fee which may be based on 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.
Updated: August 2, 2018