Common use of Financial Obligation Clause in Contracts

Financial Obligation. I have read the complete CCS Financial Policies document that governs the present (or coming) school year, and I agree to pay all financial obligations according to the terms therein. I understand that … • The school will enroll my child(ren) in the “Smart Tuition” account management service. • I am responsible to pay all charges due for my student(s) on or before the 20th of each month according to the 10, 11 or 12 mo. payment plan that I have chosen. • Smart Tuition will charge a $40.00 late fee for any balance that is outstanding after the 20th of any month. • Smart Tuition will charge $30.00 for a failed electronic transaction or dishonored check. • If my account becomes 60 days past due, my child(ren) may not attend classes until the account is brought current or a revised payment plan is approved and accepted by both parents and school. • No end of the year records, report cards, diplomas, or transcripts will be issued until the account is paid in full. • A monthly finance charge of 1.5% (18% annual) will be applied to the outstanding balance of any withdrawn family until the unpaid balance is paid in full. • I may request to have my payment plan restructured if unusual circumstances require special arrangements. (Only the principal can approve special arrangements.) • These policies must be maintained to insure the financial stability of the school.

Financial Obligation. I have read the complete CCS Financial Policies document that governs the present (or coming) school year, and I agree to pay all financial obligations according to the terms therein. I understand that … • The school will enroll my child(ren) in the “Smart Tuition” account management service. • I am responsible to pay all charges due for my student(s) on or before the 20th of each month according to the 10, 11 or 12 mo. payment plan that I have chosen. • Smart Tuition will charge a $40.00 late fee for any balance that is outstanding after the 20th of any month. • Smart Tuition will charge $30.00 for a failed electronic transaction or dishonored check. • If my account becomes 60 days past due, my child(ren) may not attend classes until the account is brought current or a revised payment plan is approved and accepted by both parents and school. • No end of the year records, report cards, diplomas, or transcripts will be issued until the account is paid in full. • A monthly finance charge of 1.5% (18% annual) will be applied to the outstanding balance of any withdrawn family until the unpaid balance is paid in full. • I may request to have my payment plan restructured if unusual circumstances require special arrangements. (Only the principal can approve special arrangements.) • These policies must be maintained to insure the financial stability of the school. STUDENT’S COMMITMENT: I have carefully read this contract and all sections of the Parent/Student Handbook that apply to 7-12th grades. By signing below, I am promising to willfully and gladly abide by all standards outlined therein.

Financial Obligation. I have read the complete CCS Financial Policies document that governs the present (or coming) school year, and I agree to pay all financial obligations according to the terms therein. I understand that … • The school will enroll my child(ren) in the “Smart Tuition” account management service. • I am responsible to pay all charges due for my student(s) on or before the 20th of each month according to the 10, 11 or 12 mo. payment plan that I have chosen. • Smart Tuition will charge a $40.00 20.00 late fee for any balance that is outstanding after the 20th of any month. • Smart Tuition will charge $30.00 for a failed electronic transaction or dishonored check. • If my account becomes 60 days past due, my child(ren) may not attend classes until the account is brought current or a revised payment plan is approved and accepted by both parents and school. • No end of the year records, report cards, diplomas, or transcripts will be issued until the account is paid in full. • A monthly finance charge of 1.5% (18% annual) will be applied to the outstanding balance of any withdrawn family until the unpaid balance is paid in full. • I may request to have my payment plan restructured if unusual circumstances require special arrangements. (Only the principal can approve special arrangements.) • These policies must be maintained to insure the financial stability of the school. PARENT’S AGREEMENT: I have carefully read this contract and all sections of the Parent/Student Handbook that apply to K5 - 6th grade. I understand that this is a binding contract between CCS and my family, I understand and agree to all points, and I promise to abide by all terms therein as long as my child shall attend Calvary Christian school.