Student Financial Obligation
All Drexel University students are prompted to read and agree to the following Student Financial Obligation statement in their Drexel One account.
Student Financial Obligations and Tuition Repayment Agreement
I understand that once I am registered for course(s) and/or participating in the Cooperative Education Program at Drexel University, I become solely responsible for payment of the resulting, tuition, fees and any other balances pursuant to the Student Financial Obligations and Tuition Repayment Agreement. Regardless of any expected reliance on any third-party resource, including but not limited to financial aid, family gifts, employer reimbursement or any other external resource, I remain personally responsible for paying any and all outstanding balances. This Agreement shall constitute a promissory note obligating me to pay all outstanding balances due Drexel University.
Failure to Pay
I understand that should I fail to pay any outstanding balances in full when due and my account becomes delinquent, a late fee of one percent (1%) will be assessed on a monthly basis to my outstanding balance.
I further understand that when my account becomes delinquent, Drexel University, in addition to assessing late fees, may: 1) withhold future registration privileges or schedule adjustments; 2) withhold the awarding of any degree(s) or diplomas; and/or 3) withhold official transcripts.
I understand that in accordance with Drexel University's Tuition Refund/Credit Schedule Policy, my effective date of withdrawal (whether it be from an individual course or from Drexel University) will determine the amount of credit that I may be eligible to receive, thereby reducing the total amount of fees owed to Drexel University. Please refer to the Tuition Refund/Credit Schedule and the Add/Drop/Withdraw and Withdraw and/or Leave of Absence forms.
Collections for Nonpayment
I understand that should my student account become delinquent, Drexel University reserves the right to transfer my delinquent account to a contracted collection agency, attorney and/or credit bureau. I will be held responsible for collection costs and attorney's fees in addition to my outstanding balance. Such fees will be assessed at a minimum of 33 and 1/3 percent of my balance due.
Collection Activity Involving Cell Phone Numbers and Email Addresses
I authorize Drexel University and its agents to contact me at my cellular telephone number or wireless communication service I provide or may provide in the future, using automated telephone dialing systems, artificial or pre-recorded voice or text messages, or personal calls, regarding my obligation to repay any debt I owe to Drexel University resulting from my registration. I authorize Drexel University and its agents to contact me at my provided email address and/or at any other email address I provide in the future, regarding my obligation to repay any debt I owe to the university resulting from my registration. I understand that others may be able to access my messages and/or my emails, and their content, which may include information regarding my debt and its status. I agree that I am giving these authorizations voluntarily, and that my doing so is not a condition to my obtaining a student loan or any other service. I understand that if I want to revoke this authorization to contact me at the cell phone numbers and/or email addresses I provide, I will do so only by written email notification to Collect@Drexel.edu.