Delinquent Accounts

In the event the student account becomes delinquent PTI may refer a delinquent account to a collection agency. If PTI refers the student account balance to a third party for collection, a collection fee will be assessed and will be due in full at the time of the referral to the third party. The collection fee will be calculated at the maximum amount permitted by applicable law but not to exceed 33.3% of the amount outstanding. For purposes of this provision, the third party may be a debt collection company or an attorney. If a lawsuit is filed to recover an outstanding balance, the student is responsible for any costs associated with the lawsuit, such as court costs or other applicable costs. The delinquent student account may be reported to one or more of the national credit bureaus. Any delinquent institutional debt must be cleared prior to re-enrollment.