I, the undersigned, fully understand every student pursuing an educational program at Techni-Pro Institute is required to sign a contractually binding Student Financial Responsibility Agreement. (SFRA). My signature affirms my knowledge and understanding:
- My signed SFRA is in effect as long as I have an outstanding balance on my tuition costs and fees.
- My SFRA explains my financial responsibilities associated with enrolling for classes in my educational program at Techni-Pro Institute.
- I will pay all assessed tuition, fees, and other associated costs in my educational program on the assigned due date of each financial responsibility.
- There are consequences to not staying in compliance with the terms of my SFRA such as to
a financial hold will:
- Cancel my current registration including classes I am already attending.
- Place a hold on my academic records which prevents me from:
- Moving forward in a course in which I am register
- Register for future classes, until the payment due is posted in my account, with no guarantees the same classes will be available.
- Requesting transcripts
- Receiving my diploma
- Applying for certification or licensure exams as required by the role in which I am being prepared at TPI.
- In the event something changes in my payment amount from a funding
source, I remain responsible for the amount due on my SFRA.
- I am ultimately accountable for the payment of all my financial responsibilities incurred as a student at Techni-Pro Institute.
- Techni-Pro Institute must be able to contact me regarding my academic and financial requirements
- I will provide an updated address, phone, email information, change of name, Social Security number to the Bursar.
- An academic or administrative hold on my continuing in my educational
The program associated with my SFRA will be lifted upon payment of monies owed.
- I have read the terms and conditions of the published tuition refund schedule and understand those terms are incorporated herein by reference.
- If I fail to pay my student account bill or any monies due and owing to Techni-Pro Institute by the scheduled date and failing to make acceptable payment arrangements to bring my account current, Techni-Pro Institute may refer my delinquent account to a collection agency.
- I am responsible for paying the collection agency fee which may be based on a specified percentage of my delinquent account, together with all costs and expenses, including reasonable attorney’s fees, necessary to the collection of my delinquent account. I fully understand my delinquent account may be reported to one or more of the national credit bureaus.
- I understand in the event of default on my SFRA, Techni-Pro Institute can declare all payments are then due and owing.
- If I have additional questions regarding my SFRA I can reach out to Techni-Pro Institute’s Bursar at phone: 561, 935-1444 X.109, or, in person at the on-campus or by e-mail at email@example.com
- I will receive tuition and costs statements electronically, and I am responsible for viewing and paying my student account e-bill by the scheduled due date.
- Failure to receive my e-bill does not constitute a valid reason for not paying my bill on time.
- My failure to attend class does not absolve me of the financial responsibility associated with my pursuit of an educational program at Techni-Pro Institute.
- If I fail to pay my student account bill on any monies due and owing to Techni-Pro Institute by the scheduled due date, a $35 late will be charged per month on the past due portion of my account until my due account is paid in full.
- By the end of the program before graduation 75 % of my tuition and costs account must be paid. No transcript or diploma will be awarded until the arrangements for payment of the due balance are made between me and Techni-Pro Institute.
- After the 75% tuition payment, the remaining 25% of my tuition will be enrolled into TFC (Tuition financing Company) with a minimum of 2% Interest.
- My acceptance of the terms in my SFRA constitutes a promissory agreement in the form of an educational loan as defined by the U.S. Bankruptcy Code at 11USC, Section 523(a) ((8).
- Section 523(a)(8) contains a presumption qualified student loans will not be discharged, and although the presumption can be overcome by a debtor who shows “undue hardship,” bankruptcy courts often seek to have debtors take advantage of federal programs to delay payment, rather than grant a discharge. However, when a debtor is disabled, and there does not appear to be recovered within a reasonable period, courts have favored discharge.