Financial Responsibility

University of New Mexico

Terms and Conditions of Financial Responsibility

Agreement

I understand that my student account balance is my responsibility.  By enrolling in courses at the University of New Mexico (UNM), I am making a financial commitment to pay the tuition and fee charges associated with this enrollment.  I further understand that tuition, fees any other charges to my account (including but not limited to housing, meal plans, bookstore charges, parking permits and citations and health center charges) reflects a balance I owe for educational benefit and constitutes an educational loan that may not be dischargeable in bankruptcy proceedings pursuant to 11 U.S.C. § 523 (a)(8).

I understand that, as a current student, billing information will be communicated to me through my UNM e-mail account and/or other email accounts I have added to the UNM Bursar Account Suite accessed through myUNM and LoboWeb.  I also understand that my payment obligation is binding whether or not I access my electronic statement (ebill), and whether my account is being paid by me or by another person.  In the event I stop attending UNM, paper statements will be mailed for any balance due.  It is my responsibility to maintain a current postal address to ensure receipt of UNM correspondence.

The monthly statement will indicate amount due and due date.  I understand that if my balance due is not paid by the due date, I will incur service charges of 1.2% on the past-due balance and a Bursar Past-Due hold will be placed on my account automatically.  This hold will prevent registration and transcript activity may be impacted until the past-due balance has been paid in full.  I understand that if my account becomes delinquent, I will not be allowed to register for any future semester(s).

In the event I am able to register for future semester(s) because my current semester charges are not past-due, I understand that these current-term charges must be paid prior to the start date of any future semester(s) to prevent disenrollment from those future semester(s). 

I understand that all prior semester charges must be paid by the Enrollment Cancellation deadline for any future semester to prevent being dropped from all courses for that future semester.  I understand that I will receive email notification from the Bursar’s Office if I am scheduled for cancellation and will monitor my UNM email account daily the week of Enrollment Cancellation.

I understand that failure to attend classes does not constitute an official drop or withdrawal.  If I decide not to attend some or all of my courses at UNM, I must drop or withdraw by the appropriate deadline date(s) to receive a tuition refund.  If I fail to drop by these deadlines, I understand that I will be charged for non-dropped courses.  Deadline dates can be found on the website of the Office of the Registrar – registrar.unm.edu

If internal collection efforts are unsuccessful, the University may refer my account to a third-party collection agency who may report the delinquency to one or more credit reporting agencies. I understand and agree that I am responsible for all costs associated with such collection efforts, including collection agency fees of up to 40% of the outstanding balance, as well as any additional costs and expenses incurred by the University, including reasonable attorney’s fees.

All collection activities and related actions shall be governed by the applicable debt collection laws of the State of New Mexico.

I authorize UNM and its respective agent(s) and contractors to contact me regarding my educational loan and/or my student account at the current or any future telephone number either provided or acquired for my cellular phone or other wireless device using automated telephone dialing equipment or artificial pre-recorded voice or text messages.