Past due student accounts will be assessed a one-time per semester late charge and a monthly service charge for every month the balance remains unpaid. After the semester of the past due debt, student accounts are referred to Student Debt Management. An overdue student account may be referred to a third party collection agency and reported to one or more credit bureau reporting services; the student explicitly authorizes University of Colorado Denver to release personal and financial information under those circumstances. To the extent permitted by applicable law, the student agrees to reimburse the University of Colorado Denver for the fees of any collection agency, which may be based on a percentage at a maximum of 40% of the debt, and all costs and expenses, including reasonable attorney’s fees, the University may incur in such collection efforts. In addition, while the student maintains a past due balance with the University of Colorado Denver, a hold will be placed on the student record preventing any future registration, as well as the release of official transcripts and diplomas.
Pursuant to C.R.S. § 23-5-115, in the event of a default on an amount owed to University of Colorado Denver, University of Colorado Denver may certify to the Colorado Department of Revenue information regarding persons with past due accounts. The Colorado Department of Revenue may then disburse funds to University of Colorado Denver in satisfaction of that debt from tax refund amounts owed to the individual, if any.
Students who owe a past due debt to the university in excess of $500.00 may be administratively dropped from any future terms if the past due amount is not paid in full or set up on a payment plan. The drop will occur the Friday prior to the first day of classes of the next term. For more information, please see the Bursar’s Administrative Withdrawal Policy