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 |

