Payment Terms

The academic year is divided into two semesters (three terms for Weekend College). Accounts must be paid in full prior to the first day of registration for the following term. Payment of all charges for each term must be made in accordance with the Payment Agreement and Initial Disclosure form that you need to sign and submit to Student Accounts annually.

The University offers the following payment terms:

1. Standard Payment Plan. Payment is due in full by the first day of classes of each term. If you do not pay in full by the first day of classes, you will automatically be enrolled in the Installment Plan.
2. Installment Plan. Under this payment plan, your account must be paid in full prior to the first day of registration for the following term. A 1% finance charge is assessed on the 15th of each month on any unpaid balance. You are required to pay monthly installments following receipt of the initial billing summary.

Transcripts and diplomas are held until accounts are paid in full.

Effective 2/14/10:

The University offers the following payment options:

Standard Payment Option
Payment is due in full by the first day of class each term for any amounts not covered by financial aid. If you do not pay in full by the first day of classes you will be allowed to make installments. A 1% finance charge is assessed on the last day of each month on any unpaid balance.

Installment Option
Under this option, your account must be paid in full prior to the first day of registration for the following term. A hold is placed on your account after the 0% refund period for the current term; additionally, a 1% finance charge is assessed on the last day of each month on any unpaid balance. Monthly payments are required.  It is highly recommended that 1/3 of the initial bill be paid on the first day of classes; 1/3 paid by the end of the first month of classes, and the balance paid in full prior to registration for the following semester or term.  This schedule will ensure payment in full by the posted deadline for the term.  The payment deadlines are published in the "Summary of Financial Procedures" brochure (also available online).