Common use of Collection Agency Fees Clause in Contracts

Collection Agency Fees. I understand and agree that, if I fail to pay my student account bill or any other monies due and owing to the University by the scheduled due date and fail to make arrangements acceptable to the University to bring my account current, the University may refer my delinquent account to a collection agency. I further understand and agree that, in the event my delinquent account is referred to a third party for collection, whether an attorney or collection agency, I will be responsible for any costs (including but not limited to collection fees) associated with attempting to collect the monies due and owing. I understand a collection agency fee will be deemed due and payable at the time the delinquent account is referred to such collection agency, and will be calculated at the maximum amount permitted by applicable law, but not to exceed 33% of the delinquent account (the “Collection Agency Fee”). I understand that any such Collection Agency Fee is not intended as a penalty, but rather constitutes liquidated damages based on a reasonable estimate of the costs the University will incur if my delinquent account is referred to a collection agency, and that the actual amount of the damages the University would suffer under such circumstances would be extremely difficult to ascertain. I also understand and agree that I will also be responsible for paying all other costs and expenses, including reasonable attorney’s fees, which the University incurs in connection with the collection of my account if the account becomes delinquent. Should any such Collection Agency Fees, any late payment charges, and/or other costs and expenses which the University adds to my student account pursuant to this Agreement be deemed excessive or unlawful under a final judicial interpretation of applicable law, then the same shall be deemed to have been assessed by mistake, shall automatically be canceled, and, if received by the University, shall be refunded to me by the University with interest. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus, which could negatively impact my personal credit scores.

Collection Agency Fees. I understand and agree that, accept that if I fail to pay my student account bill xxxx or any other monies due and owing to the Ohio Northern University by the scheduled due date date, and fail to make acceptable payment arrangements acceptable to the University to bring my account current, the Ohio Northern University may refer my delinquent account to a collection agency. I further understand and agree that, in the event my delinquent account is referred to a third party for collection, whether an attorney or collection agency, that I will be am responsible for any costs (including but not limited to collection fees) associated with attempting to collect paying the monies due and owing. I understand a collection agency fee will fees which may be deemed due and payable at the time the delinquent account is referred to such collection agency, and will be calculated at the maximum amount permitted by applicable law, but not to exceed 33% of the delinquent account (the “Collection Agency Fee”). I understand that any such Collection Agency Fee is not intended as a penalty, but rather constitutes liquidated damages based on a reasonable estimate percentage at a maximum of the costs the University will incur if 40% of my delinquent account is referred to a collection agencyaccount, and that the actual amount of the damages the University would suffer under such circumstances would be extremely difficult to ascertain. I also understand and agree that I will also be responsible for paying together with all other costs and expenses, including reasonable attorney’s fees, which the University incurs in connection with necessary for the collection of my account if the account becomes delinquent. Should any such Collection Agency Fees, any late payment charges, and/or other costs and expenses which the University adds to my student account pursuant to this Agreement be deemed excessive or unlawful under a final judicial interpretation of applicable law, then the same shall be deemed to have been assessed by mistake, shall automatically be canceled, and, if received by the University, shall be refunded to me by the University with interestdelinquent account. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. THIRD PARTY AGREEMENTS: I understand that if I am being sponsored by a third party (e.g. government agency), I am responsible for any unpaid balance on my account. Delinquent account sanctions as stated above will apply. I understand an employer reimbursement paid directly to me is not considered a third party agreement, and I must remit payment by the stated due date to prevent any delinquent account sanctions. FINANCIAL AID: Anticipated/Estimated Aid: I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by that aid program. Financial Aid Award: I agree to receive my financial aid award package electronically through Self-Service Banner each academic year. I understand that my Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which could negatively impact my personal financial aid eligibility was calculated. If I drop any class before completion, I understand that my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. I further agree to repay all revoked aid that was disbursed to my account and resulted in a credit scoresbalance that was refunded to me. Use of Aid to Cover Tuition and Other Fees: I agree to allow financial aid I receive to pay any and all charges assessed to my account at Ohio Northern University such as tuition, fees, campus housing and meal plans, student health insurance, parking permits, service fees, fines, bookstore charges, or any other amount, in accordance with the terms of the aid. I understand that any federal Title IV financial aid that I receive, except for Federal Work Study wages, will first be applied to any outstanding balance on my account for tuition, fees, room and board. Title IV financial aid includes aid from the Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Direct Subsidized/Unsubsidized Loan, Direct PLUS Loan, and TEACH Grant programs. Prizes, Awards, Scholarships, Grants: I understand that all prizes, awards, scholarships, and grants awarded to me by Ohio Northern University will be credited to my student account and applied toward any outstanding balance. I further understand that my receipt of a prize, award, scholarship, or grant is considered a financial resource according to federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, must be reversed and returned to the aid source. 1098-T CONSENT: I agree to provide my Social Security number (SSN) or taxpayer identification number (TIN) to Ohio Northern University upon request as required by Internal Revenue Service (IRS) regulations for Form 1098-T reporting purposes. If I fail to provide my SSN or TIN to Ohio Northern University, I agree to pay any and all IRS fines assessed as a result of my missing SSN/TIN. I consent to receive my annual IRS Form 1098-T, Tuition Statement, electronically from Ohio Northern University. I understand that if I do not consent to receive my Form 1098-T electronically, a paper copy will be provided. I understand that I can withdraw this consent or request a paper copy by following the instructions at xxxxx://xxx.xxx.xxx/controllers_office/information_for_students_and_families/forms. COMMUNICATION: Method of Communication: I understand and agree that Ohio Northern 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 Ohio Northern University on a timely basis.

Collection Agency Fees. I understand and agree that, accept that if I fail to pay my student account bill xxxx or any other monies due and owing to the Ohio Northern University by the scheduled due date date, and fail to make acceptable payment arrangements acceptable to the University to bring my account current, the Ohio Northern University may refer my delinquent account to a collection agency. I further understand and agree that, in the event that if Ohio Northern University refers my delinquent student account is referred balance to a third party for collection, whether an attorney or collection agency, I will be responsible for any costs (including but not limited to collection fees) associated with attempting to collect the monies due and owing. I understand a collection agency fee will be deemed assessed and will be due and payable in full at the time of the delinquent account is referred referral to such the third party. The collection agency, and fee will be calculated at the maximum amount permitted by applicable law, but not to exceed 3340% of the delinquent account (amount outstanding. For purposes of this provision, the “Collection Agency Fee”)third party may be a debt collection company or an attorney. If a lawsuit is filed to recover an outstanding balance, I understand that any such Collection Agency Fee is not intended as a penalty, but rather constitutes liquidated damages based on a reasonable estimate of the costs the University will incur if my delinquent account is referred to a collection agency, and that the actual amount of the damages the University would suffer under such circumstances would be extremely difficult to ascertain. I also understand and agree that I will shall also be responsible for paying all other any costs and expenses, including reasonable attorney’s fees, which the University incurs in connection associated with the collection of my account if the account becomes delinquent. Should any lawsuit such Collection Agency Fees, any late payment charges, and/or as court costs or other costs and expenses which the University adds to my student account pursuant to this Agreement be deemed excessive or unlawful under a final judicial interpretation of applicable law, then the same shall be deemed to have been assessed by mistake, shall automatically be canceled, and, if received by the University, shall be refunded to me by the University with interestcosts. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. THIRD PARTY AGREEMENTS: I understand that if I am being sponsored by a third party (e.g. government agency), I am responsible for any unpaid balance on my account. Delinquent account sanctions as stated above will apply. I understand an employer reimbursement paid directly to me is not considered a third party agreement, and I must remit payment by the stated due date to prevent any delinquent account sanctions. FINANCIAL AID: Anticipated/Estimated Aid: I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by that aid program. Financial Aid Award: I agree to receive my financial aid award package electronically through Self-Service Banner each academic year. I understand that my Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which could negatively impact my personal financial aid eligibility was calculated. If I drop any class before completion, I understand that my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. I further agree to repay all revoked aid that was disbursed to my account and resulted in a credit scoresbalance that was refunded to me. Use of Aid to Cover Tuition and Other Fees: I agree to allow financial aid I receive to pay any and all charges assessed to my account at Ohio Northern University such as tuition, fees, campus housing and meal plans, student health insurance, parking permits, service fees, fines, bookstore charges, or any other amount, in accordance with the terms of the aid. I understand that any federal Title IV financial aid that I receive, except for Federal Work Study wages, will first be applied to any outstanding balance on my account for tuition, fees, room and board. Title IV financial aid includes aid from the Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Direct Subsidized/Unsubsidized Loan, Direct PLUS Loan, and TEACH Grant programs. Prizes, Awards, Scholarships, Grants: I understand that all prizes, awards, scholarships, and grants awarded to me by Ohio Northern University will be credited to my student account and applied toward any outstanding balance. I further understand that my receipt of a prize, award, scholarship, or grant is considered a financial resource according to federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, must be reversed and returned to the aid source. 1098-T CONSENT: I agree to provide my Social Security number (SSN) or taxpayer identification number (TIN) to Ohio Northern University upon request as required by Internal Revenue Service (IRS) regulations for Form 1098-T reporting purposes. If I fail to provide my SSN or TIN to Ohio Northern University, I agree to pay any and all IRS fines assessed as a result of my missing SSN/TIN. I consent to receive my annual IRS Form 1098-T, Tuition Statement, electronically from Ohio Northern University. I understand that if I do not consent to receive my Form 1098-T electronically, a paper copy will be provided. I understand that I can withdraw this consent or request a paper copy by following the instructions at xxxxx://xxx.xxx.xxx/about/controller-and-bursar-office. COMMUNICATION: Method of Communication: I understand and agree that Ohio Northern 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 Ohio Northern University on a timely basis.

Collection Agency Fees. I understand and agree that, accept that if I fail to pay my student account bill xxxx or any other monies due and owing to the Ohio Northern University by the scheduled due date date, and fail to make acceptable payment arrangements acceptable to the University to bring my account current, the Ohio Northern University may refer my delinquent account to a collection agency. I further understand and agree that, in the event that if Ohio Northern University refers my delinquent student account is referred balance to a third party for collection, whether an attorney or collection agency, I will be responsible for any costs (including but not limited to collection fees) associated with attempting to collect the monies due and owing. I understand a collection agency fee will be deemed assessed and will be due and payable in full at the time of the delinquent account is referred referral to such the third party. The collection agency, and fee will be calculated at the maximum amount permitted by applicable law, but not to exceed 3340% of the delinquent account (amount outstanding. For purposes of this provision, the “Collection Agency Fee”)third party may be a debt collection company or an attorney. If a lawsuit is filed to recover an outstanding balance, I understand that any such Collection Agency Fee is not intended as a penalty, but rather constitutes liquidated damages based on a reasonable estimate of the costs the University will incur if my delinquent account is referred to a collection agency, and that the actual amount of the damages the University would suffer under such circumstances would be extremely difficult to ascertain. I also understand and agree that I will shall also be responsible for paying all other any costs and expenses, including reasonable attorney’s fees, which the University incurs in connection associated with the collection of my account if the account becomes delinquent. Should any lawsuit such Collection Agency Fees, any late payment charges, and/or as court costs or other costs and expenses which the University adds to my student account pursuant to this Agreement be deemed excessive or unlawful under a final judicial interpretation of applicable law, then the same shall be deemed to have been assessed by mistake, shall automatically be canceled, and, if received by the University, shall be refunded to me by the University with interestcosts. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. THIRD PARTY AGREEMENTS: I understand that if I am being sponsored by a third party (e.g. government agency), I am responsible for any unpaid balance on my account. Delinquent account sanctions as stated above will apply. I understand an employer reimbursement paid directly to me is not considered a third party agreement, and I must remit payment by the stated due date to prevent any delinquent account sanctions. FINANCIAL AID: Anticipated/Estimated Aid: I understand that aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment, but is an estimate of the aid I may receive if I meet all requirements stipulated by that aid program. Financial Aid Award: I agree to receive my financial aid award package electronically through Self-Service Banner each academic year. I understand that my Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which could negatively impact my personal financial aid eligibility was calculated. If I drop any class before completion, I understand that my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. I further agree to repay all revoked aid that was disbursed to my account and resulted in a credit scoresbalance that was refunded to me. Use of Aid to Cover Tuition and Other Fees: I agree to allow financial aid I receive to pay any and all charges assessed to my account at Ohio Northern University such as tuition, fees, campus housing and meal plans, student health insurance, parking permits, service fees, fines, bookstore charges, or any other amount, in accordance with the terms of the aid. I understand that any federal Title IV financial aid that I receive, except for Federal Work Study wages, will first be applied to any outstanding balance on my account for tuition, fees, room and board. Title IV financial aid includes aid from the Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Direct Subsidized/Unsubsidized Loan, Direct PLUS Loan, and TEACH Grant programs. Prizes, Awards, Scholarships, Grants: I understand that all prizes, awards, scholarships, and grants awarded to me by Ohio Northern University will be credited to my student account and applied toward any outstanding balance. I further understand that my receipt of a prize, award, scholarship, or grant is considered a financial resource according to federal Title IV financial aid regulations, and may therefore reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study) which, if already disbursed to my student account, must be reversed and returned to the aid source. 1098-T CONSENT: I agree to provide my Social Security number (SSN) or taxpayer identification number (TIN) to Ohio Northern University upon request as required by Internal Revenue Service (IRS) regulations for Form 1098-T reporting purposes. If I fail to provide my SSN or TIN to Ohio Northern University, I agree to pay any and all IRS fines assessed as a result of my missing SSN/TIN. I consent to receive my annual IRS Form 1098-T, Tuition Statement, electronically from Ohio Northern University. I understand that if I do not consent to receive my Form 1098-T electronically, a paper copy will be provided. I understand that I can withdraw this consent or request a paper copy by following the instructions at xxxxx://xxx.xxx.xxx/about/controller-and-bursar-office. COMMUNICATION: Method of Communication: I understand and agree that Ohio Northern 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 Ohio Northern University on a timely basis.

Collection Agency Fees. I understand and agree that, accept if I fail to pay my student account bill or any other monies due and owing to the University GSC by the scheduled due date and fail to make acceptable payment arrangements acceptable to the University to bring my account current, the University GSC may refer my delinquent account to a collection agency. I further understand and agree that, in the event if GSC refers my delinquent student account is referred balance to a third party for collection, whether an attorney or collection agency, I will be responsible for any costs (including but not limited to collection fees) associated with attempting to collect the monies due and owing. I understand a collection agency fee will be deemed assessed and will be due and payable owing in full at the time of the delinquent account is referred referral to such the third party. The collection agency, and fee will be calculated at the maximum amount permitted by applicable law, but not to exceed 33% of the delinquent account (the “Collection Agency Fee”)amount outstanding. If a lawsuit is filed to recover an outstanding balance, I understand that any such Collection Agency Fee is not intended as a penalty, but rather constitutes liquidated damages based on a reasonable estimate of the costs the University will incur if my delinquent account is referred to a collection agency, and that the actual amount of the damages the University would suffer under such circumstances would be extremely difficult to ascertain. I also understand and agree that I will shall also be responsible for paying all the collection fee and any costs associated with the lawsuit such as court costs or other costs and expenses, including reasonable attorney’s feesapplicable costs, which shall not exceed 40% of the University incurs in connection with the collection of my account if the account becomes delinquent. Should any such Collection Agency Fees, any late payment charges, and/or other costs and expenses which the University adds to my student account pursuant to this Agreement be deemed excessive or unlawful under a final judicial interpretation of applicable law, then the same shall be deemed to have been assessed by mistake, shall automatically be canceled, and, if received by the University, shall be refunded to me by the University with interestamount outstanding. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus. Communication, which could negatively impact Method of Billing and Billing Errors Method of Communication: I understand and agree that GSC uses email as an official method of communication with me, and therefore I am responsible for reading emails I receive from GSC in a timely manner. Contact: I authorize GSC and its agents and contractors to contact me at my current and any future phone number(s), email addresses or wireless device(s) regarding my delinquent student account(s)/loan(s), any other debt I owe to GSC, or to receive general information from GSC. I authorize GSC and its agents and contractors to use automated telephone dialing equipment, artificial or pre-recorded voice or text messages, and personal credit scorescalls and emails, in their efforts to contact me. Furthermore, I understand that I may withdraw my consent to call my phone by submitting my request in writing to GSC Xxxx of Finance or in writing to the applicable contractor or agent contacting me on behalf of GSC. Updating Contact Information: I understand and agree that I am responsible for keeping GSC records up to date with my current mailing address, email addresses and phone number(s) by following the procedure of the Registrar (xxx.xxxxxxxxx.xxx/xxxxxxxxx). Upon leaving the University for any reason, it is my responsibility to provide GSC with updated contact information for the purposes of continued communication regarding amounts that remain due and owing to GSC.