Student Financial Responsibility Statement

Oklahoma State University-Oklahoma City corresponds electronically with students using the O-Key University email address. I understand I am responsible for regularly reading important information sent to my O-Key email account and for taking action on any important correspondence sent to this address and adequate email space is available to ensure correspondence is received.

• I understand enrollment at Oklahoma State University-Oklahoma City constitutes a contractual financial obligation to pay tuition and fees for classes in which I am enrolled. I further understand my financial obligations are due by the University set due date each semester.
   
• I understand I will receive an email notification when my billing statement is available to view online. Statements are located online at my.okstate.edu.
   
• I understand my account information can only be released to me. It is my responsibility to notify my parents/legal guardian of my account balance or I can set up “Authorized User” access for my parents/legal guardian to access my statement through the Business Services website.
   
• I understand in the event I have a return check on my account I will be charged a $25 return check fee. I understand I am responsible for all dishonored payments which have been presented on my behalf.
   
• I understand financial aid funds automatically pay charges incurred on my Business Services account unless I restrict my Title IV funds to only pay tuition, fees and bookstore charges by completing the form available in Business Services.
   
• I understand once all my financial aid is applied to my Business Services account, I am responsible to pay any charges still outstanding and any new charges incurred by the due date.
   
• If my federal or institutional financial aid is either not received by Oklahoma State University-Oklahoma City or I lose my eligibility to retain financial aid for the semester, I assume responsibility for paying all student obligations.
   
• I understand if I enroll prior to the enrollment hold being placed on my account, my enrollment is subject to cancellation if my balance is not paid to current. I also understand if I am participating in the Payment Option Plan and my payments are not current, my enrollment is also subject to cancellation.
   
• I understand if a payment is returned to the University by the bank and the payment was made to get enrolled, the Bursar may cancel my enrollment during the drop/add timeframe and may require certified funds for hold clearances.
   
• I understand failure to pay my account prior to the 15th of the month will result in my account being assessed a 1.5% monthly (19.56 APY) finance charge on any past due balance.
   
• It is my responsibility to know the University’s drop and withdrawal policy including deadlines. It is also my responsibility to drop or withdraw myself from my classes. My failure to drop or withdraw in a timely manner does NOT relieve me from my financial responsibility to the University for tuition and fees.
   
• I also understand if I enroll in classes or my advisor enrolls me in classes and I do not attend these classes, I am still held responsible to pay the required tuition and fees if I fail to withdraw by the designated dates.
   
• I understand if I drop, withdraw, graduate, or do not return to the University, it is my responsibility to update my address, phone number and email address.
   
• I understand if I have a student Direct Subsidized/Unsubsidized Loan etc. I am responsible for completing the required exit counseling upon leaving the university.
   
• I understand if I have a University outstanding balance, holds are placed on my account and I will not be able to enroll in future semesters nor receive an academic transcript or diploma.
   
• I consent to being contacted on all phone numbers, including cell phones, provided to the University as a source of contact. This includes contact from its agents, representatives, and attorneys (including collection agencies) for purposes of collecting any portion of your account financial obligation which is past due.
   
• I understand if I have an unpaid balance to the University and do not make satisfactory payment arrangements, my account will be placed with an external collection agency. I will reimburse the University the fees of any collection agency, which may be based on a percentage at a maximum of 33.3% of the debt, and all costs and expenses, including reasonable attorney’s fees, the University incurs in such collection efforts. This will be assessed to my bursar account and included in the balance due. This will result in endangering my credit rating on a local and/or national level by being reported to all three credit bureau’s (Equifax, TransUnion, Experian). The University will also exercise the right to participate in the Oklahoma Tax Commission Warrant Intercept program which deducts past due balances from tax refund checks.
   
• I agree to comply with Federal law to furnish OSU with my Social Security Number (SSN) (or if I am not eligible to obtain an SSN, I will obtain from the Internal Revenue Service (IRS) a taxpayer identification number (TIN) to provide) for the University to meet the annual requirement of furnishing a Form 1098-T, Tuition Statement, which reports qualified tuition and related expenses associated with my enrollment (Non-resident aliens that do not have income that is subject to tax are not required to supply this information).
   
• I am aware Oklahoma law has jurisdiction and any disputes arising shall be determined in accordance with the law of this jurisdiction.