Financial Obligation Agreement
FOR VALUE RECEIVED: The undersigned promises to remit payment for the financial obligations incurred for the program.
PAYMENT: Payment can be in the form of cash, cashier’s check or Zelle® payment. A check is acceptable if submitted with the application at least one week prior to the beginning of class. Zelle® payments can be made to . Your down payment will be credited toward your tuition. No interest will be applied to the payments. A late fee may be applied. If the payment and any late fees are not paid, then the student will be denied admission to further classes until the account is current.
COLLECTION AND LEGAL FEES: In the event of collection on this note, with or without suit, the undersigned agrees to pay all costs of such collection (typically an additional 33% to 50% of the principal balance) including but not limited to reasonable attorney’s fees, interest and costs.
SCHOOL POLICIES: The undersigned understands that it is the policy of PRIME SCHOLASTICS not to issue official documents including diplomas and certificates until all monies owed to PRIME SCHOLASTICS are paid in full.
WITHDRAWAL AND REFUND POLICY: The undersigned understand that if the student withdraws from the program before the first day of class then a full refund (minus the application fee) will be given. After classes have begun, no refunds will be given. In the event that a student needs to withdraw from the program, a credit for monies paid may be applied to a future class. The student must re-apply for the new class within 12 months of the withdrawal in order to receive the credit. After 12 months the student will lose the credit.
SIGNATURES: The obligation on this note is joint and several when signed by more than one party. When signed by only one party, the plural shall be read as singular where appropriate. This note shall be constructed in accordance with and governed by the laws of the State of California. This note has been made and is to be performed in California and the undersigned consent to the jurisdiction of the California courts for adjudication of all matters arising hereunder.
