Automatic Payment Authorization

Automatic Payment Authorization

The words “you” and “your” mean each person who signs or similarly authenticates this Automatic Payment Authorization in connection with the referenced Agreement. The words “we,” “us,” and “our” mean United States University and its designated service providers, assigns, and successors.

Starting with the next date a scheduled monthly payment is due under the Agreement, and each date after that when your scheduled monthly payment is due under the Agreement, you authorize us to initiate an electronic fund transfer to charge (debit) the amount due for these monthly payments to the deposit account associated with the referenced debit card (the “Account”).

You certify that: (i) you are an authorized signer for the designated Account; (ii) you and we are not required to obtain the agreement, consent or authorization of any other person who may own or have a claim to funds in the designated Account; and (iii) the electronic fund transfers you authorized comply with and do not violate applicable law.

You also authorize us to initiate an additional credit or debit entry to the Account, if necessary, to correct any error that has previously occurred or refund amounts we determine are otherwise due to you under the Agreement.

You understand and agree that your designated Account must have enough available collected funds to cover the scheduled debit on the business day before the scheduled payment date, and on the scheduled payment date. All monthly payments will be due on or about the same day of each following month. If your scheduled payment is due on the 29th, 30th, or 31st and the current month is shorter, you authorize us to initiate the debit entry to your Account on the last day of the month. If the day your scheduled payment is due is not a business day, you understand and agree that we may initiate the debit to your Account on the next business day.

If the designated Account does not have enough available collected funds to cover the debit entry we initiate on any scheduled due date, you agree that we may reinitiate debit entries to your Account after that date in an attempt to collect the amount due when there are sufficient funds available in the Account. You understand that, in addition to the amounts we may charge to your Account, your own depository institution may charge the Account for any overdraft or other fees due under its agreement with you.

You understand that this authorization does not relieve you or anyone else of the obligation to make payments on the dates and in the amounts required by the Agreement. You further acknowledge and agree that this authorization is fully transferable and assignable by us to any successor, assignee, or service provider that owns and holds servicing rights or duties associated with the Agreement.

If you terminate this authorization or stop payment of any scheduled debit(s), you will still be required to make all monthly payments on the dates and in the amounts due under the Agreement and pay any late fees and returned payment fees required by the Agreement. You may cancel our authorization to make these charges to the Account at any time by notifying us or by notifying your depository institution. The party you notify must be allowed a reasonable period of time, up to three business days, to process your cancellation request. To notify us about any request to cancel this authorization or any charge you believe was made in error, you must contact us by calling (855) 546-0931 or emailing studentaccounting@usuniversity.edu.

You understand that you are not required to provide this authorization as a condition of entering into the Agreement with us. You agree that you chose this method of payment for the convenience of having your monthly payments automatically made on their scheduled due dates from your designated Account.