What are the terms of the contract for a STIL?
I understand all of the provisions of the Semester Tuition Installment Loan. I understand failure on my part to meet any of the provisions of the plan will cause my participation in the plan to be canceled, and, at the option of the College, the balance due on my student account will become payable at once and will prevent me from further participation in the plan. I understand that SLCC pursues all financial obligations due to the fullest extend of the law. This includes, but is not limited to: holds on registration, transcripts, grades, and graduation; liens against Utah State Tax Returns; referrals to collection agencies; and litigation. I agree to pay any cost incurred in the collection process of this plan, including, but not limited to: late charges, attorneys fees, charges or commissions up to 50% that may be assessed by any collection agency retained to pursue this matter. I further agree to pay interest at the rate of 1.5% per month (18% per year) on any amount over 30 days pa
