Payment Agreement - College Student Accounts Office - Tuition and Fee Payment Terms

Sep 15, 2026

Uploaded by Sage

Payment Agreement outlines the signatory’s commitment to pay all Macalester College tuition and associated fees for each semester of enrollment, including required payment schedules for fall (before August 15) and spring (before January 15). It defines a Semester Payment Plan and an Installment Payment Plan via Tuition Management Systems, specifies default triggers, default charges with an 8% annual interest rate, and collection and enforcement consequences. It also covers prepayment, agreement term duration, other charges, bankruptcy treatment, amendments, financial aid authorization, offsets, parent/guardian contact, and notice obligations.

LanguageEnglish

CategoryForms

FormatDOCX

Pages3

Reading Time1 min

AccessFree to download

Payment Agreement

My Promise to Pay

Default

Prepayment

Term of Agreement and Other Charges

Bankruptcy and Modification

Financial Aid and Other Amounts Owed

Authorization to Contact Parents/Guardians

Notice of Changes and Inquiries

** College Student Accounts Office 1600 Grand Avenue St. Paul, MN 55105-1899 651-696-6161 Payment Agreement This form must be signed and returned to the Student Accounts Office prior to commencing classes at ** College (referred to herein as “you” or “your”). Failure to do so will result in a validation hold. This contract (the “Agreement”) documents the undersigned’s (referred to herein as “I”, “me” and “my”) agreement to pay all tuition and associated fees for any semester in which the undersigned registers for classes at Macalester College. If there are any questions, please contact the Student Accounts Office at 056-276-863. My Promise to Pay: I understand and agree that I am obligated to pay tuition and associated fees each semester for which I register for classes (my “Obligation”). If I do not pay my Obligation in full for a fall semester by the preceding August 15th or for a spring semester by the preceding January 15th (the “Semester Payment Plan”) I will pay an enrollment fee of $ 75 and register with your agent, Tuition Management Systems (“TMS”) to make periodic payments (the “Installment Payment Plan”). The amount and due date of each installment will be described in the applicable “federal Truth in Lending Disclosure Statement” to be provided by TMS. I will send my payments directly to TMS at Tuition Management Systems, PO Box 842722; Boston, MA 02284-2722. Default: I will be in default if: I fail to pay when due or in the full amount (including my failure to pay due to insufficient funds in an account on which my payment was drawn or other similar circumstances) any scheduled payment under either a Semester Payment Plan or an Installment Payment Plan; I withdraw from Macalester College, whether voluntarily or involuntarily; I change my permanent address without notifying you in writing; I fail to pay any assessment (which is a charge such as a parking fine, library fee or other charge for violations of your publicized policies) by the 15th day of the month following the month in which you send me notice of the assessment; I at any time provide you with any false or misleading information; I die; or a case under the U.S. Bankruptcy Code is started by or against me or any guarantor or co-signer. If I am in default, you may require immediate payment of my Obligation in full and any unpaid assessments. If you demand immediate payment and I fail to comply, I agree that you may add my unpaid assessments to my Obligation. If any payment is not paid in full by the 15th day of the month following the month in which it was due, I agree to pay you a default charge computed by applying an interest rate equal to 8% per year on the past due amount of my Obligation. In addition, you may: prohibit me from scheduling courses for the current or following semester; remove me from current courses; withhold course credits, academic transcripts and my diploma until the Obligation is paid. You do not have to give me notice. You may also exercise any other legal rights you may have, including engaging a collection agency to enforce your rights hereunder or taking legal action to collect amounts due you. In the event you incur any expenses collecting my Obligation, I agree to pay all reasonable attorneys’ fees, legal expenses and costs of collection that result from my default (unless prohibited by law). Prepayment: I may prepay my Obligation, under either payment plan, at any time without a prepayment penalty. However, partial prepayment will not excuse me from making the full amount of each payment on schedule until my Obligation is paid in full. Term of Agreement: This Agreement will continue for as long as I am enrolled at Macalester or any Obligation remains unpaid in whole or in part. Other Charges: If I attempt to pay by check or ACH debit and my bank returns the check or the ACH debit to you unpaid, I will pay you a $20 fee (unless prohibited by Minnesota law). Bankruptcy: Macalester is a nonprofit institution of higher le

FAQs

What payment deadlines apply under the Semester Payment Plan?

Fall tuition and associated fees are due by the preceding August 15, and spring tuition and associated fees are due by the preceding January 15.

When does a student account become in default?

Default occurs if scheduled payments are not paid in full when due, the student withdraws, address changes are not properly notified, assessments are not paid by the 15th of the following month, false or misleading information is provided, or bankruptcy proceedings are started.

What happens if a payment is missed after it becomes due?

The agreement allows a default charge based on an 8% annual interest rate on the past-due amount, and may include restrictions such as prohibiting course scheduling, removing from courses, and withholding credits, transcripts, or the diploma until the obligation is paid.

Sep 15, 2026

Uploaded by Sage