Payment Options
Information as of the
2007-2008 Academic Year
The university is pleased to announce that
it is one of the few universities in the country that allows students to attend classes
before their initial tuition and fee payment must be made. There are three
payment options available.
Standard Payment Plan:
The entire balance is due in full by the statement
due date. If full payment is not received by the due date a FINANCE CHARGE of 1.1%
per month (13.2 ANNUAL PERCENTAGE RATE) is incurred on the balance due and the account
will be handled as a delinquent account. This payment plan is the only plan
available for certain university programs.
A STUDENT PAYMENT AGREEMENT and DISCLOSURE
STATEMENT is required to be completed as part of the admissions process. Contact the
Business Office for additional information.
Extended Payment
Plan:
| |
Fall |
Spring |
Summer |
| First payment: 1/4 of the account balance by |
Sept. 19th |
Feb. 19th |
|
| First payment: 1/3 of
the account balance by |
|
|
June 19th |
| Second payment: 1/3 of the account balance by |
Oct. 19th |
March 19th |
|
| Second payment: 1/2 of
the account balance by |
|
|
July 19th |
| Third payment: 1/2 of the account balance by |
Nov. 19th |
April 19th |
|
| Third payment: all
remaining balance by |
|
|
August 19th |
| Fourth payment: all remaining balance by |
Dec. 19th |
May 19th |
|
If a student elects to make payments over the term
of the semester a FINANCE CHARGE of 1.1% per month (13.2% ANNUAL PERCENTAGE RATE) is
assessed on the monthly unpaid balance. The university is pleased to report that this is
lower than most credit card rates.
A STUDENT PAYMENT AGREEMENT and DISCLOSURE STATEMENT is required to be completed as part
of the admissions process. Contact the Business Office
for additional information.
End of Term Payment
Plan:
The university recognizes that many employers reimburse their
employees for tuition and fees at the end of the semester. The End of Term payment plan is
available to students that do not receive financial aid, and whose employer reimburses
him/her for at least 50% of the tuition balance based on receipt of a grade report for the
corresponding term.
Under this plan, no tuition payment is required until the end of the
term (see
the schedule below for specific due dates). The student will incur a 1.1% FINANCE CHARGE
each month on the unpaid balance throughout the semester. As mentioned above, this
rate is lower than most credit card rates. To avoid this finance charge, the student may
pay the full balance at the beginning of the term.
The payment schedule under this plan is as follows:
| |
Fall |
Spring |
Summer |
| Full payment is due |
Feb. 19th |
July 19th |
Sept. 19th |
| To avoid a finance charge, full payment is due |
Sept. 19th |
Feb. 19th |
June 19th |
A STUDENT PAYMENT AGREEMENT and
DISCLOSURE STATEMENT is required to be completed as part of the admissions process.
Contact the business office at
(651) 962-6600 for forms and additional information. |
