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Promise To Pay

This document is a promise to pay agreement between a student and the University of Tennessee. The student acknowledges an outstanding debt of $________ to the university as of __________. The student agrees to make minimum monthly payments of $________ by the 1st Friday of each month until the debt is paid in full. The student is responsible for notifying the university of any changes to their contact information and understands that failure to make payments could result in referral to collections and inability to register for classes or receive transcripts.

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Yehezkiel Romartogi
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4K views1 page

Promise To Pay

This document is a promise to pay agreement between a student and the University of Tennessee. The student acknowledges an outstanding debt of $________ to the university as of __________. The student agrees to make minimum monthly payments of $________ by the 1st Friday of each month until the debt is paid in full. The student is responsible for notifying the university of any changes to their contact information and understands that failure to make payments could result in referral to collections and inability to register for classes or receive transcripts.

Uploaded by

Yehezkiel Romartogi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PROMISE TO PAY AGREEMENT

Student Name:_______________________________________ UT Student ID:________________________

By signing this Agreement I acknowledge and reaffirm my outstanding debt pertaining to fees/fines of $_____________
with the University of Tennessee as of ________________________.

By signing this agreement I agree to pay my outstanding debt according to the following schedule, terms and conditions:

1. I agree and accept responsibility for monthly payments of at least $_________________. Payments are due
before the 1st Friday of each month and will continue until the account is paid in full.

2. I understand all payments are to be made payable to The University of Tennessee and mailed to:
The University of Tennessee, Office of the Bursar, 211 Student Services Bldg, Knoxville, TN 37996-0225.

3. I understand it is my responsibility to notify the Bursar’s Office of any address, phone, name, or email changes.
Notification must be promptly made to Dayna Tampas at studentaccounts@utk.edu , phone 865/974-2896 or
by mail to Bursar’s Office, 211 Student Services Bldg, Knoxville TN 37996-0225.

4. I understand any payment returned by my banking institution for “Insufficient Funds”, “Stop Payment”,
“Account Closed” or any other reason will immediately cause the account to become delinquent and thereafter
placed in a collection status which may include referral to a collection agency;

5. I understand that I may make additional payments beyond the agreed monthly payment at any time; however, I
am still responsible for continuing to make the minimum monthly payment;

6. I understand I will not be able to register for classes at the University of Tennessee or receive a transcript until
this debt is paid in full.

7. I further understand and agree that if I do not follow through with any portions of the above- stated schedule of
payments, terms and conditions, and/or if any installment is delinquent beyond ten (10) days, this account, at
the sole option of The University of Tennessee, may be declared immediately due and payable in full. I promise
to pay all attorney fees and other reasonable collection costs and charges necessary for the collection of any
amount not paid when due. I understand that, if my account is referred to a collection agency, the collection fee
is ordinarily thirty-three and one-third percent (33 1/3%) of the total outstanding balance due, for which I will be
responsible in addition to the principal debt due and payable.

I have carefully and completely read this agreement and fully understand the purpose, intent and effect of this
agreement. I have voluntarily executed the agreement by action of my own free will.

Date______________________ Student Signature ______________________________________________

Address ___________________________________________________________________________________

Home No. _______________________ Cell No._______________________ Work No._______________________

Email Address__________________________________

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