503-2 Debt Collection

Title:	Debt Collection
Owner:	AVP Student Finance
Last Update/Review:	07/18/2024

Policy: Aspen University requires that all amounts under retail installment agreements are collected. If there is failure to satisfy the financial obligations within the retail installment agreement, Student Finance will assign the student account over to a collection agency. Aspen University has the right to evaluate and consider re-entry applicants for readmissions based on account balance in collections, number of credits remaining in program of study, down payment, prepaid future courses, and maintenance of on-time payment agreements with the collection agency.

Purpose: The purpose of this policy is to define expectations and resolution for students with outstanding accounts receivable.

Scope: This policy applies to all students who have an outstanding accounts receivable with the University.

Document and Form(s): Not applicable.