It is the student’s financial responsibility to complete payment for any tuition, fees, or other charges related to their enrollment.
Students making payments directly to the school, through Tuition Finance Corporation (TFC) or any other third-party loan service provider will be considered delinquent if:
1) any single scheduled payment is more than 30 days past due
2) more than one (full or partial) scheduled payment is currently due.
Students who have been issued at least one late notice by email, SMS, mail, voice call or voicemail, may be administratively withdrawn from enrollment at any point after the student’s account becomes delinquent without further notice. Administratively withdrawn students will receive a final grade of Withdrawn Passing (WP) or Withdrawn Failing (WF) based upon their academic performance at the time of administrative withdrawal.
Students may possibly avoid Administrative Withdrawal if they are able to work out a mutually agreeable plan to bring the account current within a specific timeframe or if the institution agrees to refinance the existing loan based upon a good faith proposal by the student. A decision to approve a good-faith plan or a refinance option will be made at the discretion of the Chief Executive Officer (CEO) and will take into account previous instances of delinquency, the student’s life circumstances, academic progress and the student’s affect among other factors.
Students wishing to avoid Administrative Withdrawal must submit a TFC Loan Modification Form PRIOR to the their Administrative Withdrawal by visiting: https://www.axoneducation.com/loan-modification/.
Students or former students with account balances in which at least one payment is over 90 days past due will be sent to collection and the student will be responsible for all costs associated with the collection effort.
Because student account balances may be considered educational loans, they may not be discharged as a part of any bankruptcy proceeding.