Financial Responsibility Policy
What is the Student Financial Responsibility Policy?
The Student Financial Responsibility Policy is our way of ensuring that you understand the financial repercussions of enrolling in classes at Florida State University. The policy outlines the University’s expectations for payment, holds, the employment of collection agencies, contact methods and procedures as well as tax document delivery methods.
Why do I have to sign the Student Financial Responsibility Policy?
There are several reasons that we expect every student to acknowledge the messaging contained within the Student Financial Responsibility Policy. First, and most importantly, we expect students to thoughtfully consider the cost of their education, to assist in financial planning and debt management. Second, the agreement satisfies several federal notification requirements that govern how student accounts are handled. Third, the University may employ the services of outside servicers and agencies for the collection of fees, and the Responsibility Policy serves to make you aware of those arrangements.
How often do I need to sign the Student Financial Responsibility Policy?
To ensure that you are considering your finances each term, the Financial Responsibility policy will be signed once during registration for the Summer/Fall, and once for registration during the Spring each year of enrollment.
What happens if I refuse to sign?
The agreement serves to notify you of potential consequences of non-payment, and to provide you with vital account information. If you choose not to sign any or all of the agreement, you will not be permitted to register for classes until the issue is resolved.
How quickly can I register after completing the agreement?
Completion of the agreement will lift your hold immediately and you will be able to continue enrolling.
Below is a copy of the agreement:
Credit/ Debt Management
Financial Smarts for Students - This web site developed by The Jumpstart Coalition for Personal Financial Literacy seeks to improve the personal financial literacy of young adults.
Credit Healthy.com- This site is dedicated to providing free online credit management services. The information in this site is specifically for college students to proactively keep you credit healthy.
Consumer Credit Counseling Service- This site is dedicated to providing free online credit management services. The information in this site is specifically for college students to proactively keep you credit healthy.
National Foundation for Consumer Credit - This site offers hundreds of information pages on every thing from credit cards to auto loans.
- Check the phone book under credit counseling.
- Search the internet for debt or credit counseling or management.
Other Helpful Sites
FastWeb - Find money for college, find colleges and jobs.
The College Board - Go to programs for students: information on paying for college, credit cards, loans.
The Office of Student Business Services is committed to providing students, parents, faculty, and staff with the resources needed to make sound decisions regarding their finances.
Need help budgeting? We can help!
In an effort to provide assistance, training, and counseling to those who are suffering from high debt and low credit scores, Florida State University has partnered with Debt Management Credit Counseling Corp. (DMCC).
As a non-profit organization the DMCC is able to work with your creditors to consolidate your debt, and structure a repayment plan that allows you to build credit while you work down your debt.
A few of the free services provided:
- Budget Counseling
- Student Loan Counseling
- Payday Loan Deferments
- Online Financial Literacy Programs
FSU Students are also entitled to a 20% to 50% discount on the following
- Identity Protection and Credit Monitoring
- Student Loan Repayment Assistance
- Bankruptcy Education Certificates
Visit DMCC for FSU Students to view the complete list of services available. These services are available to all FSU faculty, staff, students, and their families.
The Family Educational Rights and Privacy Act of 1974 (FERPA) protects the financial records of students enrolled in a postsecondary institution, regardless of age.
Students can grant written consent for University Officials to share account details with third-parties, e.g parents or spouses, by setting up "delegated access" through the "share my information" link at the myFSU Student Center.
The Florida State University maintains student, parent and customer records for the university. We are required to collect Social Security Numbers (SSNs) to meet our federal and state reporting requirements, and so we can identify students and customers properly.
We provide SSNs to the federal and state government authorities and to our contracted business partners who are all mandated by contract and federal law to protect your confidentiality. Social Security numbers are confidential and exempt from public records requests under section 119.07 (1), Florida Statutes and section 23(a). Article 1 of the State Constitution.
Students and employees are assigned FSU identification numbers to assist in protecting their personal information.
For the purpose of tax reporting, financial aid and collections the Office of Student Business Services collects SSNs mandated by: Sec. 6109, I.R.C; Rule 6C1-3.042, F.A.C.; Sec. 1010.03, Fla. Stat.