/Institutions/Cumberland-University/json/2016/2016-Undergraduate-Catalog-local.json

/Institutions/Cumberland-University/json/2016/2016-Undergraduate-Catalog.json

2016 Undergraduate Catalog > Financial Services > Tuition Payment Plan > Option 3 – Third Party Promissory Note

Option 3 – Third Party Promissory Note

Cumberland University also offers a deferred payment plan to those students whose employer/responsible party has agreed to pay for their classes. Each semester students must sign a “Third Party Promissory Note” stating the employer/responsible party will pay the balance on completion of classes at the end of the semester. The student must also submit a signed statement from their employer on company letterhead each semester.

NOTE: Should any pending credits to a student’s account fail to materialize or for any other reason a balance is incurred, the student is responsible for the balance due. In the event the account remains unpaid and is referred to a collection agency, the student will be responsible for all collection agency fees and/or attorney fees associated with collections.