STATEMENT OF FINANCIAL OBLIGATION
A student who applies and is admitted to North Idaho College assumes a definite financial obligation. It is expected that the student or his/her parents or guardian will comply with provisions of this section of the bulletin relative to payments of accounts and invoices. All checks should be made payable to North Idaho College unless otherwise directed.
A student who is regularly enrolled and has made payments in full or executed a College-approved contract with an educational plan is entitled to several privileges. These privileges include attending classes, taking examinations, receiving grade reports, transcripts, securing course credit, and graduating. For boarding students, the privileges of residing in the residence halls and eating in the dining facilities are also included.
The Student Accounts Office will assist every student/parent in meeting his/her financial obligation providing there is a signed Student Consent to Release Educational Records form on file to converse with the parents. This form can be found on the Registrar's office webpage.
Any student who is delinquent in a financial obligation to the College including damage to College property, traffic fines, Health Services charges, late fees, or library fines, is subject to exclusion from any or all of the usual privileges of the College. Graduation may be denied, and his/her permanent record (transcript) will not be released until the outstanding balance is paid in full.
By registering online, mail, phone or with an adviser you agree to pay your registration in full even if you don't attend the class. It is the student's responsibility to withdraw from their classes by the 100% refund deadline date.
Delinquent account balances will be turned over to a collection agency. By registering for classes, you agree to pay any collection fee of any collection agency, which may be based on a percentage at a maximum of 33% of the debt, and all costs and expenses, including reasonable attorneys' fees we incur in such collection costs.
NIC education debt, shall be interpreted in accordance with and pursuant to the laws of the state of Idaho. (Idaho Statute - Title 67; Chapter 23; 67-2358 Collection of Public Debts -- Fees)
My agreement and enrollment constitutes a qualified financial obligation between me (the student) and North Idaho College and all proceeds of this enrollment will be used for educational purposes and constitutes an educational loan pursuant to 11 U.S.C. 523(a)(8). As such, this obligation to repay funds received as an educational benefit is non-dischargeable in bankruptcy.
According to 11 U.S.C.523(a)(8), and educational benefit over-payment or loan made, insured or guaranteed by a governmental unit, or made under any program funded in whole or in part by a governmental unit or nonprofit institution; or an obligation to repay funds received as an educational benefit, scholarship, or stipend; or any other educational loan that is a qualified education loan, as defined in section 221(d)(1) of the Internal Revenue Code of 1986, incurred by a debtor who is an individual.
STATEMENT OF POLICIES REGARDING STUDENT EXPENSES
1. EACH STUDENT IS LEGALLY RESPONSIBLE FOR HIS OR HER SCHOOL EXPENSES. It is imperative that students and parents (when applicable) be aware of the cost of tuition, required fees, and room and board expense for the contract period, defined as the semester for which the student is enrolling.
2. STUDENT ENROLLMENT IS COMPLETED ONLY UPON PAYMENT IN FULL OF SEMESTER EXPENSES or upon making satisfactory arrangements for a contract with educational lending organizations approved by North Idaho College. Through these organizations, many students or parents have found it convenient to pay school costs in monthly installments. Further questions regarding these plans should be directed to the Student Accounts Office.
3. NORTH IDAHO COLLEGE HAS CONVERTED TO E-PAY. Please go to your MyNIC account to authorize users (parents, third party payers) to view your bill and to make a payment (electronic with a credit card - Master Card or Visa). When paying online, complete the transaction and submit the payment.