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Payment Plan Scenarios

Scenario 1 - You're enrolled in a 4 pay plan for a total of $4,000. You have made your 1st installment payment plus the $45.00 enrollment fee and have 3 installments of  $1,000 remaining. You decide to purchase a commuter meal plan, for  $225.00. The $225.00 will automatically be evenly distributed amongst the 3 remaining installments, bringing each installment to $1,075. The student account will be recalculated and automatically adjust for the additional charge. An email notification will immediately be sent to the student and any authorized users about the adjustment.


Remaining Installments

2

3

4

Before adding meal plan

$1,000

$1,000

$1,000

After adding meal plan

$1,075

$1,075

$1,075


Scenario 2  - You're enrolled in a 4 pay plan for a total of $4,000. You have made your 1st installment payment plus the $45.00 enrollment fee and have 3 installments of  $1,000 remaining. After your second installment payment of $1,000, you decide to increase the payment amount to $1,500 for your third installment payment. The $1,500 covers the amount due for the third installment as well as a portion of the fourth installment, bringing the final installment to $500. The student account will be recalculated and automatically adjusted for the payment received. An email notification will immediately be sent to the student and any authorized users about the adjustment.


Remaining Installments

3

4

Before overpayment

$1,000

$1,000

After overpayment

$1,500

$500


Scenario 3  - You're enrolled in a 4 pay plan for a total of $4,000. You have made your 1st installment payment plus the $45.00 enrollment fee and have 3 installments of  $1,000 remaining. You apply for a scholarship award for text books and expenses. Your scholarship of $900 has been granted. The $900 scholarship credit will be evenly distributed amongst the remaining 3 installments, bringing each installment to $700. The student account will be recalculated and automatically adjusted. An email notification will immediately be sent to the student and any authorized users about the adjustment.

 

Remaining Installments

2

3

4

Before scholarship

$1,000

$1,000

$1,000

After scholarship

$700

$700

$700