Change in Terms

Missouri State University has the right to change the terms of this Agreement. If the University makes any change, Missouri State University will notify the participants before the effective date of the change, as required by law. Changes to this Agreement may include, but are not limited to, the rate of the finance charge, the amount of the minimum finance charge, the method of figuring the balance on which the finance charge is applied, the amount of the monthly payment required, the closing date of the monthly billing period and the length of the billing period. The change will apply to the balance outstanding on the effective date of the change and any account balance after the changed, as followed by law.

Default

Each participant must pay the balance of the account in full upon request if the monthly payments become past due. Each participant agrees to pay costs of collecting the account including reasonable attorney's fees and court costs. Each participant further agrees that the venue for any action to collect the account will be in the Circuit Court of Greene County, Missouri.

Failure to Pay

Since the minimum payment option for required student fees and residence hall charges is based on a semester's charges and billing dates, all student accounts must be paid in full by the end of the semester. Any amounts remaining unpaid at the end of a semester will be billed in full and are not subject to minimum payment. A collection charge of $5 may be assessed on any balance which is past due for a period of more than 10 days.

Past due amounts may prevent a student from registering for the next semester or from receiving diplomas or transcripts. Students who have already registered for the subsequent semester with a past due amount on their record will have their future registration canceled. Failure to pay may result in the student being reported to a credit service.

A collection charge of $5 may also be assessed on any balance that is past due on a faculty or staff account for a period of not less that 10 days.  A faculty or staff member with a past due balance may be reported to a credit service or collection agency, or may be sued for the amount owed.

Length of Participation

Once a student or faculty or staff member signs up to participate in the Deferred Payment Plan, he/she will be deemed a participant in the Deferred Payment Plan during his/her entire tenure at Missouri State University. If a student or faculty or staff member does not sign up for the Deferred Payment Plan initially but chooses to participate in the future, he/she may sign up for the Deferred Payment Plan at the Financial Services Office.

Other Terms

The Deferred Payment Plan applies to all semesters: Fall, Spring, and Summer.

Under the law you have the right to pay off in advance the full amount due. You are entitled to a signed copy of this agreement upon request.

 

Affirmative Action

 

Non-Discrimination Policy Statement