Promise To Pay Agreement Template

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PROMISE TO PAY AGREEMENT
Student Name:_______________________________________
UT Student ID:________________________
By signing this Agreement I acknowledge and reaffirm my outstanding debt pertaining to fees/fines of $_____________
with the University of Tennessee as of ________________________.
By signing this agreement I agree to pay my outstanding debt according to the following schedule, terms and conditions:
1. I agree and accept responsibility for monthly payments of at least $_________________. Payments are due
st
before the 1
Friday of each month and will continue until the account is paid in full.
2. I understand all payments are to be made payable to The University of Tennessee and mailed to:
The University of Tennessee, Office of the Bursar, 211 Student Services Bldg, Knoxville, TN 37996-0225.
3. I understand it is my responsibility to notify the Bursar’s Office of any address, phone, name, or email changes.
Notification must be promptly made to Dayna Tampas at
studentaccounts@utk.edu
, phone 865/974-2896 or
by mail to Bursar’s Office, 211 Student Services Bldg, Knoxville TN 37996-0225.
4. I understand any payment returned by my banking institution for “Insufficient Funds”, “Stop Payment”,
“Account Closed” or any other reason will immediately cause the account to become delinquent and thereafter
placed in a collection status which may include referral to a collection agency;
5. I understand that I may make additional payments beyond the agreed monthly payment at any time; however, I
am still responsible for continuing to make the minimum monthly payment;
6. I understand I will not be able to register for classes at the University of Tennessee or receive a transcript until
this debt is paid in full.
7. I further understand and agree that if I do not follow through with any portions of the above- stated schedule of
payments, terms and conditions, and/or if any installment is delinquent beyond ten (10) days, this account, at
the sole option of The University of Tennessee, may be declared immediately due and payable in full. I promise
to pay all attorney fees and other reasonable collection costs and charges necessary for the collection of any
amount not paid when due. I understand that, if my account is referred to a collection agency, the collection fee
is ordinarily thirty-three and one-third percent (33 1/3%) of the total outstanding balance due, for which I will be
responsible in addition to the principal debt due and payable.
I have carefully and completely read this agreement and fully understand the purpose, intent and effect of this
agreement. I have voluntarily executed the agreement by action of my own free will.
______________________
______________________________________________
Date
Student Signature
___________________________________________________________________________________
Address
Home No. _______________________ Cell No._______________________ Work No._______________________
Email Address__________________________________

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