Student Disclosure Agreement

Student Disclosure Statement

  • Date Format: MM slash DD slash YYYY
  • Promise to Pay

    At Presentation College (hereafter referred to as “the College”) the payment of tuition and all other fees becomes the obligation of the student at the time of registration. This agreement is between the student and the college. The Federal Truth-in-Lending Act requires a complete disclosure of the terms and conditions governing the payment of these obligations and the method of calculating any applicable FINANCE CHARGE. To comply with these regulations, Presentation College asks the student to read carefully the following disclosures, terms and conditions before signing this agreement. If there are any questions, please call the Student Accounts Office for an explanation. Presentation College offers the option to make payments over the course of the semester. A separate Payment Plan agreement and a $60 fee are required for any amounts not paid by the first day of term. A FINANCE CHARGE of two percent (2%) per month (annual percentage rate of 24%) will be applied monthly to all unpaid balances calculated as of the end of day on the 15th of each month. Financial Aid will be allocated to the term to which it applies and will be considered as payment for the purpose of calculating the FINANCE CHARGE as of the date it is credited. These credits shall not modify the FINANCE CHARGE incurred in any previous month, unless any are due to an error by the College. An electronic billing statement, will be available through the student portal at the beginning of both the Fall and Spring term and will itemize student payment obligations to the College including but not limited to the following: tuition, room, board, course fees, other fees, and insurance charges. The billing statement will also itemize any credits known at that time which are due to the student for the term, such as grant or loan aid, the deposit made, etc. Any changes in the student’s obligations, caused by a change in schedule or in aid for the term, will be itemized on the student’s electronic ledger available through the student portal. Administrative, clerical or technical billing errors do not absolve the student of financial responsibility to pay the correct amount of tuition, fees and other associated financial obligations assessed as a result of registration at Presentation College. If a payment made to a student account is returned by the bank for any reason, the student will repay the original amount of the payment due plus a returned payment fee of $40, as allowed by law. Multiple returned payments and/or failure to comply with the terms of any payment plan or agreement entered into with Presentation College may result in cancellation of student registration and/or suspension of student eligibility to register for future classes at Presentation College. When an account becomes past due, the College has the right to take actions to collect the balance which includes, but is not limited to: denial of registration for future terms, withholding course credits, academic transcripts and diploma(s), obtaining the student’s credit report, reporting the student’s balance to credit reporting agencies, referring the student’s account to a collection agency, and taking legal action to collect the balance due. The student authorizes the College, and those concerned with collecting the balance owed, to use all telephone numbers provided by the student. This includes cell phones and the use of auto-dialers to contact the student. The student authorizes the College to release financial information about his/her account to those concerned with collecting the balance owed. In the event the College incurs any expenses in collecting on the student’s account, the student agrees to pay the College’s cost of collection. This includes, but is not limited to, a collection agency fee and/or reasonable attorney’s fees, depending on the actions necessary to collect the debt. The College reserves the right to terminate the student’s privilege of paying his/her account under payment plan. In the event of such a termination, the entire balance shall be immediately due and payable. The student’s failure to pay the entire balance by the first day of the term or the payment amount and due dates agreed to in the payment plan shall result in the account being assessed a $25 late fee for each due date missed and may be reported as a past due account as explained below. This payment agreement will cover the student’s obligations to Presentation College for as long as the student continues to incur obligations to the College and/or has an outstanding balance on their account. This payment agreement supersedes any existing payment agreements between the student and the college and becomes effective for any amounts still owing to the College. The student agrees to inform the College of any change in their home and billing addresses and phone number(s).
  • Student Billing Rights

    This section contains important information about the student’s rights and the College’s responsibilities under the Fair Credit Billing Act. Presentation College must be notified in case of errors or questions about the student’s billing statement. If the billing statement contains an error, or to request more information about a transaction on the billing statement, the student must write the College (on a separate sheet) at Presentation College, Student Accounts, 1500 S Main St., Aberdeen, SD 57401. The College must receive written notice no later than 60 days after the College sent the student the first billing statement on which the error or problem appeared. You may telephone us, but doing so will not preserve your rights. The letter should contain the following: a. The student’s current name, name while attending, and Student ID; b. The dollar amount of the suspected error; c. A description and explanation (if possible) of the error and why it exists; d. If requesting additional information, a description of what is in question. Presentation College will send an acknowledgement of receiving the student’s written notice within 14 days, unless a determination letter has been sent within that time. If an acknowledgement was sent within 90 days, the College must issue a determination letter either showing a correction or explain why the billing statement was correct. After Presentation College receives the student’s written notice, the College cannot try to collect any amount the student questions, or report the student as past due, until an account review has been completed. The College can continue to bill the student for the amount in question, including FINANCE CHARGES, and the College can apply any unpaid amount against the student’s account. The student does not have to pay any questioned amount while the College is investigating, but the student is still obligated to pay the parts of his/her bill that are not in question. Upon completion of an account review, the College will send the student notification of the determination, including any amounts due immediately, to the student’s billing address and college email address. If it is discovered that the College made an error on the student’s billing statement, the student will not be responsible for any FINANCE CHARGES related to the amount in error. If the College did not make an error, the student be responsible for any FINANCE CHARGES, and must pay any payments due on the questioned amount. If the student fails to pay the amount due in the determination notice within 10 days of the notice date, the College will enforce their rights for past due accounts as outlined above. If the student does not agree with the determination, the student may write the college within 10 days of the determination notice date, explaining his/her refusal to pay and the basis for that refusal. The College must inform anyone to whom the College reports the student’s past due amount that the student does not agree with his/her billing statement. The College must inform the student of the name of anyone to whom the College reports the student’s past due balance. When the matter has been settled between the student and College, the College must inform anyone to whom the College had reported the student’s balance that the dispute has been settled. If the college does not follow the procedures regarding reported billing errors, they cannot collect the first $50 of the questioned amount, even if the bill was correct.
  • Signature

    Please note that the completion of this form does not mean that payment has been made. You must make your first payment through your student portal or the Student Account office before you can move in to the suites or participate in class. If you are a student-athlete you cannot practice until your first payment is made. By typing my name I agree to the payment agreement terms. If you have any questions, please reach out to Students Accounts at student.accounts@presentation.edu
  • By typing my name and submitting this form, I certify that I have read this entire Student Disclosure Statement, and that I understand and agree to all of its terms.
Student Payment Plan Agreement

PAYMENT EXPECTATIONS (please review)

Fall and Spring Payment Expectations:

Student Payment Plan Agreement

  • Presentation College offers a monthly payment plan to help make it easier to budget for college costs. The purpose of this plan is to allow students to make payments on their account while attending classes. In order to maintain a positive standing with the college and continue with their education, this plan is to be completed before the student can register for next semester. Please note that registration for classes is not possible until the balance owed is $200 or less. Balances must be paid in full before a student is able to receive transcripts, a diploma, or to see final grades.
  • By typing my name as a digital signature on this form, I will pay a monthly installment determined by the calculation above, and the 15th of each month thereafter until the the semester balance is paid in full. My monthly payments will begin on stated date.
  • Please note while the payment is not due before the first day of classes, the first payment must be received before students move into the suites and before athletes join their team for practices. Student ledgers are able to be viewed in the student portal. To finalize this payment plan, the first months’ payment is required, and a $60 plan fee will be added to the student’s account.

    I understand that the payment agreement and disclosure statements are separate documents and the disclosure statement supersedes this agreement. I understand that if payment or approved alternative arrangements have not been received by the student accounts office by the 15th of each month, I will be charged a $25 late payment fee. I will be responsible for reporting any billing errors and maintaining accuracy of my remaining bill. I understand that a 2% per month (annual percentage rate of 24%) finance charge will be applied to any balances not paid by the first day of classes calculated at the end of day on the 15th of each month. I further understand that if I do not adhere to this payment plan I may not be eligible for using the monthly payment plan in the future. For any questions or concerns please contact the Student Accounts Office at (605) 229-8451 or Student.Accounts@presentation.edu
  • Signature

    Please note that the completion of this form does not mean that payment has been made. You must make your first payment through your student portal or the Student Account office before you can move in to the suites or participate in class. If you are a student-athlete you cannot practice until your first payment is made. By typing my name I agree to the payment plan terms.
  • By typing my name and submitting this form, I certify that I have read this entire Student Payment Plan Agreement and that I understand and agree to all of its terms.