Student Accounts Payment Policy
As William Jessup is an educational institution, any balance owing on a student’s account is an extension of credit by the University and is considered an educational loan within the meaning of section 523(a)(8) of the U.S. Bankruptcy Code. If a loan becomes in default, the University may turn the educational loan over to a collection agency for collection and disclose the default, along with other relevant information, to credit bureau organizations if the account is not paid in full to the collection agency or a payment plan is not established with the collection agency 60 days after its placement. Should this action be instituted by the University, there will be additional charges for reasonable collection of the balance due. All transcripts, diplomas and registration abilities shall be withheld until the outstanding amount is paid in full. An account is considered paid in full when all checks clear the bank.