All monies owed are the obligation of the student. Students who fail to bring their account current within 30 days of notification from Financial Aid will be withdrawn from the program.
Non-active student accounts with balances are transferred to TFC Credit Corporation for servicing ($8 monthly fee added). If a non-active student does not have a signed TFC payment agreement, the following chart will be used to determine the monthly amount due. Accounts that remain inactive with TFC for more than 6 months are transferred to National Service Bureau Inc. a collection agency.
| Balance | Monthly Amount due to TFC |
|---|---|
|
$0-2400 |
$100 |
|
$2401-4800 |
$200 |
|
$4801-7200 |
$300 |
|
$7200+ |
$400 |