Collections
Iowa State University may exercise their rights under the Iowa Law to attempt to collect all debts owed to the university, this includes placing accounts with internal or external collections.
If a student has not made payment arrangements or paid their bill in full by the end of the term they are enrolled in, or customer account has not paid in full for at least three months, the account will first be placed with our internal collection team to try to resolve the debt. When an account is placed with internal collections, a 15% collection fee will be assessed.
If the internal collection team cannot resolve the debt within 90 days, the account may be placed with an external collection agency. If this occurs, the original 15% collection fee will be reversed and an external collection fee of up to 25% will be assessed. Iowa State University contracts with multiple external collection agencies.