What is a past due account?
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What is a past due account?

The student receivable process begins when charges are posted to the student account. If the amount is not paid by the due date, or not paid if/when a schedule adjustment is done after the payment deadline, a past due balance hold will be placed on your account and it prohibits registering for any future semesters or from obtaining an official transcript from the College until the account is paid in full.  All past due accounts are subject to referral to an outside Collection Agency for collection.  If an account is referred to an outside agency, the student is responsible for paying up to a 33.3 percent collection charge or the allowable rate to the collection agency and the account is reported to a national credit bureau.
 

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Topic Information
  • Topic #: 28034-956
  • Date Created: 10/16/2014
  • Last Modified Since: 10/27/2017
  • Viewed: 137