If we found a resident responsible for damage to University property, the union scale cost of repairs came out of their pocket (not to say that parents weren't filling the pocket). Failure to pay up meant that you could not live in the dorms in future, and/or no diploma. Think you'll just transfer somewhere else? No transcripts released until the bill is paid either. In fact, the most effective tool we had (we couldn't fine people for bad behavior alone, just any damages) was the subtle threat that future landlords and/or employers might be told of transgressions. The official policy was that no information, good or bad, was given out. (If the accounting office sent things to collections, well. . .) Surprisingly, no one that I recall inquired as to exactly what the official policy was.