Agreements:
A. You may make changes to the information you provided in this agreement by contacting the institution. The timely application of changes depends on when they are received by NBS; NBS may refuse to apply changes prior to the next scheduled payment date if NBS determines, for whatever reason, that it does not have sufficient time to act on them. In the event that you authorize additional services from the institution, or in the event that additional fees are assessed by the institution in accordance with its policies, you understand that the total balance due or payment amount or both will change. You agree that your authorization of any such change shall constitute your authorization to change the payment amount or to continue payments or both until the total balance due is paid in full.
If you, as the Responsible Party, are not the student, you authorize the student to make changes to the schedule or activities and agree to be bound by any such changes. You do not require NBS or the institution to send advance notice of any adjustments resulting from any such changed authorization, which includes any reduction in the balance due or payments as a result of financial aid, or any other similar cause. However, a copy of any such changed authorization is to be provided to you by the Institution.
B. If there will be any change in the pre-authorized payment amount other than a change made by you, as described above, the institution will give you notice of the changed payment amount at least 10 days in advance of the next scheduled payment.
C. You may revoke your authorization by sending NBS a signed, written notification or an e-mail; upon receipt, NBS will immediately terminate your agreement. However, terminating your agreement with NBS in no way affects your obligation to pay the institution, and you will be charged another non-refundable enrollment fee if you need to begin a new agreement.
Confirmation:
Any and all inconsistencies in the information provided will be resolved in the confirmation notification sent to you from NBS. Changes made by the institution that are received by NBS before the notification is sent may also be included. In either event, the confirmation notification shall be controlling.
Discovery Of Suspected Errors:
If you discover what you believe to be an error made by NBS, you must report the suspected error to NBS immediately. NBS must hear from you no later than 60 days after the suspected error occurred. This obligates you to timely review of your bank statements and a timely response to company letters, e-mails or phone calls. It is your responsibility to report suspected errors as soon as possible.
Governing Law:
You acknowledge that the origination of ACH transactions to your account must comply with the provisions of U.S. law. This agreement shall be governed by the laws of the State of Nebraska. The District Court of Lancaster County, Nebraska, shall be the sole venue for filing any action. This agreement should in no way be construed to be a lender-borrower agreement between NBS and the Institution or NBS and you.
Arbitration:
Upon the demand of you or NBS, any dispute concerning the parties’ duties or liabilities under this agreement shall be resolved by binding arbitration in accordance with the terms of this agreement. Arbitration proceedings shall be administered by the American Arbitration Association (“AAA”) or such other administrator as the parties shall mutually agree upon in accordance with the AAA Commercial Arbitration Rules. All disputes submitted to arbitration shall be resolved in accordance with the Federal Arbitration Act (Title 9 of the U.S. Code), notwithstanding any conflicting choice of law provision. The arbitration shall be conducted at a location in Lincoln, Nebraska, selected by the AAA or other administrator. All statutes of limitation applicable to any dispute shall apply to any arbitration proceeding. All discovery activities shall be expressly limited to matters directly relevant to the dispute being arbitrated. Judgment upon any award rendered in arbitration may be entered in any court having jurisdiction.
Privacy And Security:
Data collected and stored by NBS pursuant to this agreement is governed by the institution's privacy policy. This data will not be used by NBS in any manner not approved by the Institution unless required by law (for example, a court order or subpoena). Access to the data shall be restricted to authorized associates and shall be used only for the purpose of providing service to you or the institution. NBS maintains physical, procedural and electronic safeguards to protect data from being accessed by unauthorized third parties. NBS’ privacy policy will govern use of your information only in the event that you request additional services directly from NBS or its affiliates.
Special Notice Regarding Financial Aid:
Please do not assume your balance will automatically be adjusted if you receive financial aid or a class is added or dropped. You should review your agreement balance online through NBS Account or contact the Cashier's Office at (970) 339-6349 or email cashier@aims.edu to confirm the change.
H3: Applicable Enrollment Fees:
The nonrefundable enrollment fee to budget payment(s) through NBS is:
- $25 per semester
- Free for full payment
The nonrefundable enrollment fee will be processed IMMEDIATELY from the account provided, along with your down or full payment, if applicable.