I just paid off my final payment to get my transcripts. Short story: when you owe a college money for a semester and you don’t come up with the funds, the school will hold your grades and you don’t graduate. PAY YOUR BILLS GUYS!!
In my case, I did not graduate and there was a hold on my account, I could not get my credits. Fast forward to seven years later, and it has been paid. Sure, I took the bulk of the money out of my 401k savings and a refund check but I know that it will be worth it at the end.