3.2 Financial Responsibility

Reviewed & Updated: August 2024

 

Payment of Fees/Promise to Pay 

Students that register for any class at Nicolet College are responsible to pay all tuition, fees and other associated costs assessed as a result of registration and/or receipt of services. Registration and acceptance of these terms constitute a promissory note agreement (I.e., a financial obligation in the form of an educational loan as defined by the U.S. Bankruptcy Code at 11 U.S.C. §523(a)(8)) in which Nicolet College is providing an educational services, deferring some or all payment obligation for those services, and students  promise to pay for all assessed tuition, fees and other associated costs by the published or assigned due date.  

Students who register for course(s) will be responsible for paying all or a portion of tuition and fees in accordance with the published tuition refund schedule at Withdrawing from a Course. Failure to attend class or receive a bill does not release students of their financial responsibility as described above. 

Financial Hold/Collection Agency 

Students that fail to pay their student account bill or any monies due and owing Nicolet College by the scheduled due date will have a financial hold put on their student account, preventing them from registering for future classes. Should a student fail to make acceptable payment arrangements to bring their account current, Nicolet College may refer the delinquent account to TRIP (Tax Refund Intercept Program) through the State of Wisconsin. 

Method of Billing 

Nicolet College uses mailing and e-bill as its official billing methods. Students are responsible for viewing and paying their student accounts by the scheduled due date. Failure to review mail or e-mail does not constitute a valid reason for not paying a bill on time. E-bill information is available through the My-Nicolet Self Service Finance portal.  

Returned Payments/Failed Sponsor Agreements 

Students who are sponsored for whom the sponsor payment is not received by the  due date on the invoice become responsible for the payment in accordance with Nicolet College policy (SPECIFY). If a payment is made to a student account is returned by the bank for any reason, the student must repay the original amount of the payment, plus a returned payment fee. If the account is referred to an outside collection agency, the student will be responsible for any collection costs chargeable by law. Nicolet College reserves the right to refuse any third-party contract application if it is not in the best interest of the College. 

IRS Form 1098-T 

Students must provide a Social Security Number (SSN) or taxpayer identification number (TIN) to Nicolet College upon request as required by Internal Revenue Service (IRS) regulations for Form 1098-T reporting purposes. If a student fails to provide a SSN or TIN to Nicolet College, the student must pay any and all IRS fines assessed as a result of the missing SSN/TIN. Students receive annual IRS Form 1098-T, Tuition Statement, electronically, from Nicolet College. If a student does not consent to receive the Form 1098-T electronically, a paper copy will be provided. Students can withdraw consent, or request a paper copy, by submitting a request in writing to the Business Office.