Student Financial Responsibility

When registered for any class or receiving any service from Walsh, a student accepts full responsibility to pay all tuition, fees and other associated costs assessed as a result of the registration and/or receipt of services. Prior to registration, students are required to accept the terms as defined in the financial responsibility agreement.

Students using financial aid or any other form of tuition assistance are responsible for ensuring that all required paperwork is submitted by the appropriate due dates. Submitting paperwork does not release the student’s liability of tuition and fees. Students will be responsible for any balance not covered by financial aid or any other form of tuition assistance. This includes adjustments made in compliance with federal regulations or scholarship requirements or if a third party fails to make payments to Walsh.

Federal regulations prohibit the use of Title IV funds to pay late fees. Students are responsible to pay late fees directly to Walsh before the next payment due date.

Dropping courses is the responsibility of the student. Instructors and advisors do not register, drop, or withdraw students from current courses. Students are not automatically dropped for non-payment or non-attendance of current courses. All future courses will be dropped if full tuition payment is not made by the semester end date.

Note: Walsh does not mail printed statements or send notifications prior to the payment dates. You may view your financial information including your account statement (with a link to FAQs) by logging in to the portal. Go to Student Accounts/Billing card then click on Account Summary/Statement. Students with a past due balance will not be permitted to register for classes or receive a diploma, certificate, and/or academic transcript.

Rights & Responsibilities for Federal Loans

I understand the following information about my student loan (s):

  • I must pay back my loan(s) with accrued interest and any deducted fees.
  • I must repay my loan(s) even if I don’t complete my education, if I am dissatisfied with my education, or if I am unable to get a job after I complete my program.
  • I must repay my loan(s) within 10 years, unless my loans are consolidated.
  • I may be eligible to repay my student loans under a graduated or income contingent schedule.
  • I may be eligible for one or more repayment alternatives.
  • I may prepay all or part of my loan(s) without penalty.
  • My minimum monthly payment for a loan is $50, but may be more depending on the amount borrowed.  In most cases, repayment will begin following a six month grace period on Federal Direct Loans & within 60 days of the last disbursement, unless a deferment option has been arranged on Federal PLUS Loans.
  • I must notify my lender within 10 days, if I change name, change my address, change my phone number, change my graduation date, transfer to another school, enroll less than half-time, withdraw from school, or change my social security number.
  • I will be notified, in writing, if any of my loans are transferred to another holder.  I must direct all future correspondence to that holder.
  • If I qualify, I may apply for a deferment (a postponement of loan payments).
  • If I do not qualify for a deferment and am unable to make payments on a loan, I may request forbearance from my lender.  Forbearance is a special arrangement made for borrowers experiencing financial hardship.
  • If I fail to repay a loan, I may be considered in default and the following may result:
    • My status may be reported to a national credit bureau and have a negative effect on my credit rating for seven years.
    • The entire unpaid amount of my loan, including interest, may become due and payable immediately.
    • I may lose deferment possibilities.
    • My federal and state income tax refunds may be withheld.
    • My wages may be garnished.
    • I may be ineligible to receive any further federal and state financial funds.