Financial Responsibility

TERMS AND CONDITIONS OF FINANCIAL RESPONSIBILITY AGREEMENT

I understand that my student account balance is my responsibility.  By enrolling in courses at the University of New Mexico (UNM), I am making a financial commitment to pay the tuition and fee charges associated with this enrollment.  I further understand that tuition, fees any other charges to my account (including but not limited to housing, meal plans, bookstore charges, parking permits and citations and  health center charges) reflects a balance I owe for educational benefit and constitutes an educational loan that may not be dischargeable in bankruptcy proceedings pursuant to 11 U.S.C. § 523 (a)(8).

I understand that, as a current student, billing information will be communicated to me through my UNM e-mail account and/or other email accounts I have added to the UNM Bursar Account Suite accessed through myUNM and LoboWeb.  I also understand that my payment obligation is binding whether or not I access my electronic statement (ebill), and whether my account is being paid by me or by another person.  In the event I stop attending UNM, paper statements will be mailed for any balance due.  It is my responsibility to maintain a current postal address to ensure receipt of UNM correspondence.

The monthly statement will indicate amount due and due date.  I understand that if my balance due is not paid by the due date, I will incur service charges of 1.2% on the past-due balance and a Bursar Past-Due hold will be placed on my account automatically.  This hold will prevent registration and transcript activity until the past-due balance has been paid in full.  I understand that if my account becomes delinquent, I will not be allowed to register for any future semester(s).

In the event I am able to register for future semester(s) because my current semester charges are not past-due, I understand that these current-term charges must be paid prior to the start date of any future semester(s) to prevent disenrollment from those future semester(s). 

I understand that all prior semester charges must be paid by the Enrollment Cancellation deadline for any future semester to prevent being dropped from all courses for that future semester.  I understand that I will receive email notification from the Bursar’s Office if I am scheduled for cancellation and will monitor my UNM email account daily the week of Enrollment Cancellation.

I understand that failure to attend classes does not constitute an official drop or withdrawal.  If I decide not to attend some or all of my courses at UNM, I must drop or withdraw by the appropriate deadline date(s) to receive a tuition refund.  If I fail to drop by these deadlines, I understand that I will be charged for non-dropped courses.

If internal collection efforts have failed, my account may be sent to a collection agency and may be reported to one or more credit bureau reporting service(s).  I agree to reimburse UNM the fees of any collection agency, which may be based on a percentage at a maximum of 40% of the debt, and all costs and expenses, including reasonable attorney’s fees UNM may incur in such collection efforts.

I authorize UNM and its respective agent(s) and contractors to contact me regarding my educational loan and/or my student account at the current or any future telephone number either provided or acquired for my cellular phone or other wireless device using automated telephone dialing equipment or artificial pre-recorded voice or text messages.