You have to read the contract you signed, as the student relationship with a private school is largely governed by that. The withdrawal policy you state is not uncommon. They will likely sue your for breach of contract if you do not pay. If the paperwork you signed states this withdrawal policy, they will likely win. You can use the misleading counselor as a defense, but it may not be a dispositive one. It depends who the court believes.
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Be careful here. The school can sue you for failure to pay per your contractual agreement. Moreover, the school can (and most will) make a report to the credit agencies and, if any subsequent school inquires about you, the school will report that you owe unpaid tuition and will withhold any transcripts. The private school communications network is very well maintained and proactive.
Failure to pay after the withdrawal date is very common but can be a problem for years to come -- wholly out of proportion to the amount in dispute. If you are on an educational path, chart your course carefully and consider negotiating a full settlement with the school so that this matter does not pop up to hurt you in future educational opportunities.
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