Student Financial Obligation and Tuition Repayment Agreement

Below is the text of the Student Financial Obligation and Tuition Repayment Agreement that students are required to read and either agree, disagree or indicate no pending registration via DrexelOne before they can register for an upcoming term (please note that the text below does NOT include the statements agreeing, disagreeing or indicating no pending registration):

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. I understand that these balances are considered a Loan for Educational Purposes which is being made by Drexel University. 

Further, I understand that per University Policy, payments made by me, or a third party on my behalf, may be applied to oldest Prior Term balances first, as appropriate.

Withdrawal Policy

I understand that if I am not planning to attend, it is my responsibility to drop my course(s), as Drexel University will not automatically cancel my registration. I understand that in accordance with Drexel University's Tuition Refund/Credit Schedule Policy, my effective date of withdrawal (whether it is from an individual(s) course or from Drexel University completely) will determine the amount of credit that I may be eligible to receive, if any, thereby reducing the total amount of fees owed at Drexel University. The Tuition Refund/Credit Policy and/or Add/Drop/Withdraw/Leave of Absence policy may be found at the Drexel Central website: http://www.drexel.edu/drexelcentral.

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%) of my total outstanding balance will be assessed on a monthly basis, and added to my total outstanding balance.

I further understand that when my account becomes delinquent, Drexel University, in addition to placing a financial hold on my account, and assessing late fees, may restrict my right to register or receive other Drexel University services in accordance with Drexel University Policies, until all past due balances have been paid. These restrictions include, but are not limited to: (1) withholding future registration privileges or schedule adjustments; (2) withholding the awarding of any degree(s), diploma(s), or certificates(s); and/or (3) withholding official transcripts.

Collections For Nonpayment

I understand that should my student account become delinquent, Drexel University reserves the right to assign my delinquent account(s) to a contracted collection agency, attorney and/or credit bureau. I understand that I will be held responsible for all fees and/or costs, associated with the recovery of my delinquent accounts(s), including but not limited to: collection fees, attorney fees, court costs and service fees, in addition to my outstanding balance. Collection fees and/or attorney fees will be assessed at a maximum rate of thirty three and one third percent (331/3) of my balance due.

Collection Activity Involving Cell Phone Numbers and E-mail Addresses

I authorize Drexel University and its agents, representatives, attorneys and contractors (including collection agencies) to contact me at my cellular telephone number or wireless communication service, now or in the future, using automated dialing systems, artificial or pre-recorded voice or text messages, or live representative calls, regarding my obligation to repay any debt I owe to Drexel University, which is/or may become past due, resulting from my registration. I understand that it is my responsibility to assure the security of any e-mail addresses utilized for this purpose, and to protect my password information, as others may be able to review my messages and/or e-mails related to my debts sent to or from Drexel University, including their contents, which may include information about my debt and its status.

Acknowledgement

(Statement Agreeing to SFO)

I hereby acknowledge the following:

1. That I have read and understand this Agreement.
2. That I eighteen (18) years or older as of today's date.
3. That I must log into my DrexelOne account to access my billing statements, and that paper bills are not generated and/or forwarded to me.
4. That I may have been registered for course(s) or Cooperative Education assignment by my Academic Advisor or other University official, and that I am aware of this registration, and accept responsibility for this registration.
5. That I am physically in Philadelphia, PA when signing this agreement (If not physically in Philadelphia, PA when signing this Agreement, please indicate the Zip Code of your current location):___________
6. That by clicking on the "Signature" button below, and signing the Agreement, I am consenting to be bound by this Agreement, as of today's date, which shall serve as a Promissory Note, thereby obligating me to pay all outstanding balances due Drexel University, and shall supersede any previous version of this Agreement.

(Statement Indicating No Intention to Register and/or attend classes/co-op)

I assert that I am not registering for this upcoming Term, and only wish access to my account, for non-registration related purposes.

(Statement Disagreeing to SFO)

I do not agree with the terms of these registration requirements, and understand that I am not permitted to register.

Complete the SFO

• Log in to your DrexelOne account.
• Select the Academics tab.
• Select the "Check Your Registration Information" link in the Registration channel.
• You will immediately be brought to the SFO agreement.
  • To Agree with the Terms of the SFO: Select the "Acknowledge" buttons after the Collections for Nonpayment, Collection Activity Involving Cell Phone Numbers, and email addresses and, after the Acknowledgement list as well as input your Name and unique ID into the spaces provided.
  • To Disagree with the Terms of the SFO: Select the "Acknowledge" buttons after the Collections for Nonpayment, Collection Activity Involving Cell Phone Numbers and email addresses and, after the Acknowledgement list, select the "Disagree" button.
  • To Indicate You Have No Intention of Registering for or attending Classes/Co-op for the Upcoming Term: Select the "NO INTEREST" button at the top of the page.

If you indicated that you disagree, a hold will be placed on your account. This hold will prevent any kind of registration for the selected upcoming term. You are allowed to change your answer from "Disagree" or "Not Interested" to "Agree" at a later date. (Please note that you are NOT allowed to change your answer after you have agreed to the SFO.)

To Update Your Answer on the SFO

• Log in to your DrexelOne account.
• Select the Academics tab.
• Select the "More BannerWeb Student Services" link at the bottom of the Grades, Transcripts, and Records channel.
• Select the "Review Student Financial Obligation Agreements" link at the bottom.
• Select "No Interest/Declined" in the Status Column of the SFO Term you wish to update.
• You will be brought back to the SFO:
  • To Agree with the Terms of the SFO: Select the "Acknowledge" buttons after the "Collections for Nonpayment", "Collection Activity Involving Cell Phone Numbers and E-mail Addresses" and after the "Acknowledgement" list as well as input your Name and unique ID into the spaces provided.