Financial Responsibility Agreement


All degree seeking students are requested to review and acknowledge the University of Chicago’s Financial Responsibility Agreement their first quarter of enrollment.

The Financial Responsibility Agreement is available for review and completion in they my.UChicago portal under Tasks each August for incoming students.

You may review the text of the agreement below before completion.


The Financial Responsibility Agreement outlines policies and procedures governing the management of your Student Account at the  University of Chicago.  Students are required to confirm review of these polices once during their academic career. Failure to review and confirm may result in restriction of future registration.

STUDENT ACCOUNT


I understand The Office of the University Bursar conducts all business directly with me and establishes a Student Account in my name. I accept full responsibility to pay all charges transacted to my Student Account. I understand the University of Chicago is authorized to use any credits to offset any charges applied to my Student Account.

COMMUNICATION


I understand the University of Chicago uses e-mail as an official method of communication for student account information. I am responsible for reading on a timely basis the e-mails received from the University of Chicago sent to my UChicago.edu email account. I am also responsible for complying with University of Chicago policies regarding updating or forwarding any contact information required for communication for billing and collection.

METHOD OF BILLING/ELECTRONIC TRANSACTIONS


I understand the University of Chicago uses electronic billing (E Bill) as its official billing method, and therefore I am responsible for viewing and paying my E Bill by the scheduled due dates. I further understand that failure to review my E Bill does not constitute a valid reason for not paying my bill on time. E Bill information is available at Billing Dates and Information.

PAYMENTS/REFUNDS


I understand The University of Chicago has several methods of acceptable Payment Options for my Student Account.

I understand the University of Chicago does not accept currency for payment for my Student Account.  I understand I may authorize individuals to make payments on my behalf. I understand The University of Chicago does not accept payments in excess of the amount I have been billed, however, in the event of a student account overpayment the credit will be issued in my name.

FINANCIAL AID


If I receive federal, state, or institutional financial aid, I give the financial aid office at the University of Chicago consent to communicate with me electronically about my financial aid eligibility, including but not limited to award amounts, loan disclosures, and entrance and exit counseling. I understand that applications for renewing financial aid as well as accepting or declining any awards are presented electronically and I will be responsible for completing all necessary actions before any financial aid may disburse to my account.

RETURN OF FINANCIAL AID


If I receive federal, state or institutional financial aid, I understand that I may only be eligible to keep a portion of my financial aid dependent on my withdrawal date. I agree that I am responsible for any remaining balance after federal aid has been adjusted.

IRS FORM 1098-T


I agree to provide my Social Security number (SSN) or taxpayer identification number (TIN) to The University of Chicago upon request as required by Internal Revenue Service (IRS) regulations for Form 1098-T reporting purposes. I consent to receive my annual IRS Form 1098-T electronically from the University of Chicago for every year I have transactions until I withdraw this consent. If I do not consent to receive my IRS Form 1098-T electronically, a paper copy will be mailed to me. I may view and print IRS Form 1098-T by logging into my.UChicago.edu.The University of Chicago will notify me at my UChicago e-mail when my IRS Form 1098-T is posted and I can update my address information by logging into my.UChicago.edu. I understand that I will need a computer with Internet access, a printer, and Adobe Acrobat software to access, print, and retain my Form 1098-T and that my Form 1098-T will remain available on my.UChicago.edu for three years after it is first made available to me electronically.

I understand I can withdraw this consent and obtain a paper copy of my Form 1098-T by contacting the Office of the University Bursar at the contact information listed below. The Office of the University Bursar will confirm the withdrawal of consent and its effective date in writing. I understand that a withdrawal of consent does not apply to Forms 1098-T furnished electronically before the effective date of the withdrawal. I further understand that a request for a paper copy of my Form 1098-T will not be treated as a withdrawal of consent. The University of Chicago will inform me of any changes to its contact information.