Collection of Delinquent Accounts — External Agency and Attorney General

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Policy Statement

Delinquent student debt is subject to referral to an external collection agency and/or the New York State Attorney General.

Category Name: Business and Financial
Responsible Unit: Office of Student Accounts
Responsible Exec: VP for Administration and Finance
Adoption Date: August 2008
Last Revision Date:
Last Review Date:

Purpose/Scope

 

Applicability

 

Definitions

There are no definitions for this policy at this time.

Policy Procedures

The State of New York considers all charges assessed to the student's account to be the sole financial obligation of the student. The student will be held liable for any unsatisfied balance. New York state law requires the assessment of interest on any amounts owing 36 days after the conclusion of the semester. If a student's account is referred for collection, either to a private collection agency or to the New York State Attorney General, additional amounts for collection commissions (22 percent) and legal costs may be added to a student's bill. In addition, students may be removed from current and future course enrollment, and will be subject to the application of holds preventing registration and transcript release privileges.

Links to Related Procedures and Information

Link to New York State Finance Law § 18:

Contact Information

There is no contact information for this policy at this time.

History (in descending order)

Item Date Explanation
Next Review Date August 2011 Three year review
Adoption Date August 2008 Policy Adopted

Approval

This policy is approved by:

Last Updated 1/2/18

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