Financial institutions, including the financial offices of colleges and universities, are required by federal debt collection and consumer protection laws to be transparent with their billing and payment policies/procedures and collection requirements. Institutions must also ensure that students (consumers) are aware of their policies and responsibilities. For this reason, Montgomery County Community College requires that students accept the Student Financial Responsibility Agreement (SFRA), which acknowledges their financial obligations and understanding of the related policies of the College. The SFRA informs students of their financial responsibilities associated with enrolling for classes; and explains the potential consequences that may result if a student fails to meet those obligations.
Our goal is to help students understand the cost of their education and the financial policies associated with their enrollment at MCCC. The SFRA, in conjunction with the College’s website, e-statement account information, letters and other documentation, helps explain the College’s expectations for payment, and allows us to clearly inform students of our policies related to billing, late payment, contact methods, etc.