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Optional Payment Plan

TERMS AND CONDITIONS OF THE OPTIONAL PAYMENT PLAN

Revised as of fall term 2007-2008 (2081)

If the due date on your eBill is August 17, December 17, or April 17 and you owe more than $500, you will be offered three installments on the Optional Payment Plan on your eBill.

If the due date on your eBill is September 17, January 17, or May 17 and you owe more than $500, you will be offered two installments on the Optional Payment Plan on your eBill.

There will be a “Total Amount Due” and a “Payment Plan Due” amount on your eBill. If the amounts are the same, you are not eligible to participate because you owe less than $500. Usually the Payment Plan Due amount will be equal to the “Total Amount Due” divided by the number of installments for your due date.

There is a once per term $30 Service Fee for the Optional Payment Plan, and you will see it on your next eBill. The entire service fee will be included in the “Payment Plan Due” amount on that eBill.

If you pay the “Payment Plan Due” amount, you will be automatically enrolled in the Optional Payment Plan.  You will also be automatically enrolled on the plan (and charged the $30 service fee) if you pay an amount greater than the “Payment Plan Due” but less than the “Total Amount Due” on your eBill.

Once enrolled on the Plan, if you do not pay the Payment Plan Due amount on or before your due date, you will be charged a $50 late payment fee on your next eBill. The entire late payment fee will be included in the “Payment Plan Due” amount on that eBill.

If you have anticipated financial aid that is not reflected on your eBill, pay the “Payment Plan Due” amount. When the financial aid is credited to your account it will reduce the amount of the remaining installments.

 

Term

Number of Installments

Due Dates

Fall

3

August 17, September 17, October 17

Fall

2

September 17, October 17

Spring

3

December 17, January 17, February 17

Spring

2

January 17, February 17

Summer

3

April 17, May 17, June 17

Summer

2

May 17, June 17

 

What is an eBill? Click here for more information.

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Copyright© 2003 - Financial Information Systems
Updated: 07/23/2007

 

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