UW Colleges Money Matters
Credit Agreement
The Credit Agreement application is a contract with the University. It is a legal document and therefore, you must be 18 years old at the time of the signing. Proof of birth is required; a driver's license, birth certificate or other legal document showing birth date is needed. If a student is not 18 years or older, a parent or legal guardian must co-sign the document. If a student is 18 years or older, the student must sign the contract, the parent may not sign for the student.
The Credit Agreement application must be made in person at the campus Business Office by the end of the second week of classes. There is a down payment of $200 (includes a non-refundable $25 enrollment charge) payable when you sign the agreement. The remaining balance is divided into two equal payments. There is a late installment fee of $25 for each payment that is late. There is no grace period. Interest is charged at 1.25% per month on the outstanding balance after the last installment payment is due. Withdrawing from the university does not eliminate your legal financial obligation to pay the remaining installments.