Tuesday, February 15, 2011

Class Action--University of Illinois Student Accounts Late Fees

A possible class action against the University of Illinois. My son was a few days late on a tuition bill of a few hundred dollars and the U of I in Champagne charge a $50 late fee. $50!!!!! that's insane. We're supposed to promote education, incentivize children to get college degrees, and what do we do? We scam them and their parents. Teach them it's okay to be greedy like that and violate the law. The law provides that when a contract is breached all the aggrieved party gets is actual damages. The current fed rate on short term t-bills is about .5%. Why don't they charge that?

Contact me if you are interested in becoming a class representative for this class action

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