Delinquent Accounts

Delinquent Accounts Policy  

All students are responsible for the payment in full of all tuition and fees incurred. During enrollment periods students who have not met their financial obligations prior to the payment deadline will be administratively withdrawn from all registered courses and will remain responsible for any non-refundable fee charges the student incurred during the registration process. Any student owing a balance after any pre-agreed or published due date will be assessed a $50.00 late payment fee.

CBS reserves the right to withhold any grades, graded work assignments or projects, transcripts (unofficial & official), certificates, diplomas and participation in commencement ceremonies from students whose financial obligations have not been fully satisfied. Holds will be placed on a student's academic record and the student will be unable to register for additional courses until the balance is paid in full.

CBS reserves the right to submit any unpaid financial obligations of former and current students to a third party collection agency and to levy a collection fee. By registering for classes the student agrees to pay the reasonable costs and expenses of collection, including the collection agency fee and attorney fees in the event that CBS places any outstanding account, debt or claim with a collection agency. Non-payment of a delinquent account may also result in notification of the national credit bureaus.

Returned Checks

Students or organizations who submit two checks that are not honored by the bank (unless due to bank error) to CBS for tuition and fees, books or for any other obligation will forfeit their check-writing privileges. In the event that this occurs the student or organization must satisfy any current or future financial obligations by cash, cashier's check, money order or credit card only. No future checks from the student or organization will be accepted.

In addition, a student who has tendered to CBS a check returned unpaid by the bank will be assessed a $30 returned check fee. If payment is not submitted by the due date indicated, a $50.00 late payment fee will also be assessed and the student will be placed on holds.