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Student Account Financial Disclosure



I understand when I register for any class at Augsburg University or receive any service from Augsburg University, I accept full responsibility to pay all tuition, fees, and other associated costs assessed as a result of my registration and/or receipt of services. I further understand and agree my registration and acceptance of these terms constitutes a contractual agreement (i.e., a financial obligation in the form of an educational loan as defined by the U.S. Bankruptcy Code at 11 U.S.C. §523(a)(8)) in which Augsburg University is providing me educational services, deferring some or all of my payment obligation for those services, and I promise to pay for all assessed tuition, fees, and other associated costs by the published or assigned due date.


I understand and agree if I drop or withdraw from some or all of the classes for which I register, I will be responsible for paying all or a portion of tuition and fees in accordance with the published tuition refund schedule at I have read the terms and conditions of the published tuition refund schedule and understand those terms are incorporated herein by reference. I further understand my failure to attend class or receive a bill does not absolve me of my financial responsibility as described above.



I understand aid described as “estimated” on my Financial Aid Award does not represent actual or guaranteed payment but is an estimate of the aid I may receive if I meet all requirements stipulated by that specific aid program. I understand my Financial Aid Award is contingent upon my continued enrollment and attendance in each class upon which my financial aid eligibility was calculated. If I drop any class before completion, I understand my financial aid eligibility may decrease and some or all of the financial aid awarded to me may be revoked. If some or all of my financial aid is revoked because I dropped or failed to attend class, I agree to repay all revoked aid disbursed to my account and resulted in a credit balance refunded to me. I agree to allow financial aid I receive to pay any and all charges assessed to my account at Augsburg University such as tuition, fees, campus housing and meal plans, student health insurance, parking permits, service fees, fines, bookstore charges, or any other amount in accordance with the terms of the aid.

Federal Aid: I understand any federal Title IV financial aid I receive, except for Federal WorkStudy (FWS) wages, will first be applied to any outstanding balance on my account for tuition, fees, and room and board. Title IV financial aid includes aid from the Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Direct Loan, PLUS Loan, Perkins Loan, and TEACH Grant programs. I authorize Augsburg University to apply my Title IV financial aid to other charges assessed to my student account such as student health insurance, parking permits, bookstore charges, service fees and fines, and any other education-related charges. I further understand this authorization will remain in effect until I rescind it or the end of Augsburg University’s fiscal year, and I may withdraw it at any time by emailing Prizes, Awards, Scholarships, Grants: I understand all prizes, awards, scholarships, and grants awarded to me by Augsburg University will be credited to my student account and applied toward any outstanding balance. I further understand my receipt of a prize, award, scholarship, or grant is considered a financial resource according to federal Title IV financial aid regulations and may, therefore, reduce my eligibility for other federal and/or state financial aid (i.e., loans, grants, Federal Work Study), which if already disbursed to my student account, must be reversed and returned to the aid source.



I understand Augsburg University uses electronic billing (e-bill) as its official billing method; therefore, I am responsible for viewing and paying my student account e-bill by the scheduled due date. I further understand failure to review my e-bill does not constitute a valid reason for paying my bill after the due date.  I understand that my e-bill information and account histories are available online by logging into my AugNet account under Records and Registration.

Billing Errors: I understand administrative, clerical, or technical billing errors do not absolve me of my financial responsibility to pay the correct amount of tuition, fees, and other associated financial obligations assessed as a result of my registration at Augsburg University.

Return Payments/Failed Payment Agreement: If a payment made to my student account is returned by the bank for any reason, I agree to repay the original amount of the payment plus a returned payment fee of $30.00. I understand multiple returned payments and/or failure to comply with the terms of any payment plan or agreement I sign with Augsburg University may result in cancellation of my classes and/or suspension of my eligibility to register for future classes at Augsburg University.

Internal Revenue Service (IRS) Form 1098-T: I agree to provide my Social Security number (SSN) or taxpayer identification number (TIN) to Augsburg University upon request as required by IRS regulations for Form 1098-T reporting purposes. If I fail to provide my SSN or TIN to Augsburg University, I agree to pay any and all IRS fines assessed as a result of my missing SSN/TIN. I consent to receive my annual IRS Form 1098-T, Tuition Statement, electronically from Augsburg University. I understand if I do not consent to receive my Form 1098-T electronically, a paper copy will be provided. I understand I can withdraw this consent or request a paper copy by emailing



If I decide to completely withdraw from Augsburg University, I will follow the instructions at  under Withdrawal from University.  Augsburg University’s Withdrawal Policy can be found at, of which I understand and agree are incorporated herein by reference.



I understand Augsburg University is bound by the Family Educational Rights and Privacy Act (FERPA), which prohibits Augsburg University from releasing any information from my education record without my written permission. Therefore, I understand if I want Augsburg University to share information from my education record with someone else, I must complete the online Information Release by logging into my AugNet account under Records and Registration/Information Release/Add an Authorization. I further understand I may revoke my permission at any time as instructed in the same procedure.



I understand and agree if I am younger than the applicable age of majority when I execute this agreement, the educational services provided by Augsburg University are a necessity, and I am contractually obligated pursuant to the “doctrine of necessaries.”



Financial Hold: I understand and agree if I fail to pay my student account bill or any monies due and owing Augsburg University by the scheduled due date, Augsburg University will place a financial hold on my student account, preventing me from registering for future classes, obtaining my Final Transcript with my diploma, and/or obtaining transcripts in accordance with the Minnesota Transcript Law.

Late Payment Charge: I understand and agree if I fail to pay my student account bill or any monies due and owing Augsburg University by the scheduled due date, Augsburg University will assess late payment and/or finance charges at the rate of 8% per year (0.67% per month), or a $20 Late Payment Fee if I am on an approved Augsburg University Payment Plan, on the past-due portion of my student account until my past-due account is paid in full.

Collection Agency Fees: I understand and accept if I fail to pay my student account bill or any monies due and owing Augsburg University by the scheduled due date, and fail to make acceptable payment arrangements to bring my account current, Augsburg University may refer my account to a collection agency. I further understand if Augsburg University refers my student account balance to a third party for collection, whether an attorney or collection agency, I will be responsible for any costs (including but not limited to collection fees) associated with attempting to collect the monies due and owing. I understand a collection fee will be assessed and will be due and owing 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 40% 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, I shall also be responsible for any costs associated with the lawsuit such as court costs or other amounts comport with applicable law. Finally, I understand that my delinquent account may be reported to one or more of the national credit bureaus.



Method of Communication: I understand and agree Augsburg University uses email as an official method of communication with me and that, therefore, I am responsible for reading and responding to the emails I receive from Augsburg University at my official Augsburg email account on a timely basis.

Contact: I authorize Augsburg University and its agents and contractors to contact me at my current and any future cellphone number(s), email address(es), or wireless device(s) regarding my delinquent student account(s)/loan(s), any other debt I owe to Augsburg University, or to receive general information from Augsburg University.  I authorize Augsburg University and its agents and contractors to use automated telephone dialing equipment, artificial or prerecorded voice or text messages, and personal calls and emails in their efforts to contact me. Furthermore, I understand that I may withdraw my consent to call or text my cellphone using automated telephone dialing equipment by submitting a clear revocation request to or to the applicable contractor or agent contacting me on behalf of Augsburg University.

Updating Contact Information: I understand and agree that I am responsible for keeping Augsburg University records up to date with my current mailing addresses, email addresses, and phone numbers by logging into my AugNet account under Records and Registration. Upon leaving Augsburg University for any reason, it is my responsibility to provide Augsburg University with updated contact information by completing the form at for purposes of continued communication regarding any amounts that remain due and owing to Augsburg University.



This agreement supersedes all prior understandings, representations, negotiations, and correspondence between the student and Augsburg University, constitutes the entire agreement between the parties with respect to the matters described, and shall not be modified or affected by any course of dealing or course of performance. This agreement may be modified by Augsburg University if the modification is signed by me. Any modification is specifically limited to those policies and/or terms addressed in the modification.



If any provision, term, or clause of this Agreement is declared illegal, unenforceable, or ineffective in a legal forum with competent jurisdiction to do so, this Agreement shall be deemed severable, and all other provisions, terms, and clauses of the Agreement will remain valid and binding on the Parties.


If you don’t understand this information or have questions about your tuition, student account or financial aid, please contact Student Financial Services at 612-330-1046 or email us at


Revised 3/20/2023