The Institute is not responsible for debts contracted by individual students or student organizations, and will not act as a collection agency for organizations, firms or individuals to whom students may owe bills. Students and student organizations are expected to honor contractual obligations promptly. But in case of flagrant disregard of such obligations, the Business Office or the designated representative will take appropriate action. Failure to pay all Institute fees by the specified date will result in suspension through the twelfth week in the long semester and the fourth week in the summer term.
After the 12th week in the long semester and the fourth week in the summer term, failure to pay all fees by the specified date will result in suspension at the end of the current semester, and may include (a) denial of readmission, (b) withholding of grades and transcripts and (c) withholding of degree.
Delinquent obligations to the Institute will be sent to a collection agency and reported to credit bureaus. All costs of collections are paid by the student, which is generally an additional 33.333% of the student’s obligations to the Institute. Delinquent accounts must be paid at the collection agency. Payment cannot be accepted by Lamar Institute of Technology if the account has been forwarded to a collection agency.