NSU Payment Plans

TERMS OF THE PAYMENT PLAN CONTRACT The contract becomes valid and binding when (1) the Office of the University Bursar receives the payment plan contract signed by the student (and the fiscally responsible person, if applicable) within five business days from the day the contract was emailed to the student/fiscally responsible person, (2) all postdated payments in accordance with the payment plan schedule (checks or credit card authorizations) have been received, (3) the first payment has cleared, and (4) the student has a completed Authorization for Release of Information (ROI) form on file with Enrollment and Student Services for the fiscally responsible person, if applicable. The ROI is available on the registrar’s website at www.nova.edu/registrar/services.html . The contract may not be orally modified in any regard whatsoever since it is the complete and full agreement of the parties to said note. A student may, at his or her option and without penalty, pay all of the student account balance at any time and thereby negate the remaining payments due of this contract. It is agreed that the contract and the rights and obligations of Nova Southeastern University and the maker hereunder shall be interpreted, enforced, and constructed in accordance with Florida law. The student further waives presentment for payment, demand, notice of dishonor, and protest. The amount to be deferred under the contract is based on the information available on the student’s account at the time the contract is created. The final balance owed for the semester may change. It is the student’s responsibility to promptly notify the Office of the University Bursar of any changes on the student’s account affecting the final balance owed. Registration activity or changes in a student’s financial aid award are likely to change a student’s outstanding balance with the university. Withdrawal from classes does not void this agreement. Any adjustment to the student’s outstanding balance, either a decrease resulting in a refund to the student or an increase resulting in an additional balance owed, will be made to the final payment of this contract. By signing the contract, the student agrees to pay any additional balance that may be owed at the time the final payment under this contract is due. Refunds will not be processed until the full contract amount has been received. All financial aid loan funds will first be applied toward any outstanding payment plan or student account balances. The student is responsible for regularly reviewing his or her NSU e Bill and account balance, charges, payments, and financial aid awards in SharkLink. The amount to be deferred under the contract is calculated based on gross federal loan amounts. The student is responsible for paying any applicable loan fees. Information on loan fees is available on the financial aid website at www.nova.edu/financialaid . In the event of nonpayment when due of any amount indicated on the payment schedule, Nova Southeastern University may declare due and payable at once the total sum of the outstanding amounts on the student’s account. If the contract is voided under these conditions, a hold restricting future registration activity, transcripts, diplomas, and any other student services will be applied immediately and will remain in effect until the account is brought current. Declined payments will result in a $25 fee and a hold restricting all student services, including but not limited to, ordering transcripts and registering for future classes. Payment must be made within 15 days of any declined payment by credit card, money order, or cashier’s check. The university reserves the right to withhold grades, transcripts, diplomas, and other student services and privileges, including readmission, until all outstanding balances have been paid in full. The student agrees to pay Nova Southeastern University all costs incurred by Nova Southeastern University in enforcing its right hereunder, including, but not limited to, all court costs, reasonable attorney’s fees, and collection agency expenses owed hereunder or such greater amounts as a court may determine is reasonable. PPA June 2015