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doc14146 Student_Financial_Responsibility_and_Collections_Policy.pdf

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Page 1

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14 · HEADING
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Page 1 JSON
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            "text": "ADMINISTRATIVE AUTHORITY:\nDivision of Finance & Administration\nChief Financial Officer (CFO)"
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            "text": "APPROVED BY:\nKentucky State University Board of Regents"
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            "text": "EFFECTIVE DATE:\nAugust 8, 2025"
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            "text": "NEXT REVIEW DATE:\nAugust 8, 2028"
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            "text": "Students are responsible for settling all tuition, fees, and other charges incurred at Kentucky State University (KSU) on or before any specified deadlines. This policy establishes the framework for addressing unresolved student account balances. While many students receive financial assistance from external sources, the ultimate financial liability for all charges rests with the student."
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            "text": "Past-Due Balance",
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            "text": "An account balance that has not been paid within thirty (30) days of a payment's due date."
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            "text": "An administrative restriction placed on a student's account that prevents further registration and the release of official transcripts until the account is settled."
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Page 2

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                    "text": "At the start of each semester, students will be required to sign and initial a \"Statement of Student Financial Responsibility,\" acknowledging this obligation.",
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                    "text": "In the event an account is referred for external collection, the student will be responsible for reimbursing KSU for all associated fees and costs. Such fees may be based on a percentage of the delinquent balance, up to a maximum of forty percent (40%), or the maximum permitted by law."
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                    "text": "Subject\nPolicy Questions",
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                    "text": "Office\nCFO/Vice President of Fin. & Admin.",
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                    "text": "Telephone\n(502) 597-6429",
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                    "text": "E-mail\nMelissa.Hicks@kysu.edu",
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                    "text": "Revision Type\nIssued (New Policy)",
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                    "text": "Substantive Revisions (Separated Policy into a Policy and Implementing Regulation)",
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