Common use of Financial Hold Clause in Contracts

Financial Hold. I understand and agree that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date, the Connecticut Community Colleges will place a financial hold on my student account, preventing me from registering for future classes, requesting transcripts, or receiving my diploma. Drop for Non-Payment: I understand and agree that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date that my class schedule MAY be cancelled. I understand that if I wish to have my class schedule reinstated, I may be required to pay my account balance in full. Late Payment Charge: I understand and agree that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date, Connecticut Community Colleges will assess a late payment fee $15.00. Collection Agency Fees: I understand and accept that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date and fail to make acceptable payment arrangements to bring my account current, the Connecticut Community Colleges may refer my delinquent account to a collection agency and the College may no longer accept direct payments. I further understand that if the Connecticut Community Colleges refers my student account balance to a third party for collection, a collection fee may be assessed and that my delinquent account may be reported to one or more of the national credit bureaus or be subject to tax- offset. Communication

Financial Hold. I understand and agree that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date, the Connecticut Community Colleges will place a financial hold on my student account, preventing me from registering for future classes, requesting transcripts, or receiving my diploma. Drop for Non-Payment: I understand and agree that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date that my class schedule MAY be cancelled. I understand that if I wish to have my class schedule reinstated, I may be required to pay my account balance in full. Late Payment Charge: I understand and agree that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date, Connecticut Community Colleges will assess a late payment fee $15.00. Collection Agency Fees: I understand and accept that if I fail to pay my student account bill or any monies due and owing the Connecticut Community Colleges by the scheduled due date and fail to make acceptable payment arrangements to bring my account current, the Connecticut Community Colleges may refer my delinquent account to a collection agency and the College may no longer accept direct payments. I further understand that if the Connecticut Community Colleges refers my student account balance to a third party for collection, a collection fee may be assessed and that my delinquent account may be reported to one or more of the national credit bureaus or be subject to tax- offset. Communication.