Students may defer up to 50% of their tuition and related fees. Tuition and related fees which do not appear on the Registration Billing Statement (such as subsequent course adds) will be deferred if they appear on your account prior to your becoming a registered student for the semester (you will become registered when at least the minimum amount due on the registration bill is paid, attendance is confirmed if no payment is due, and any holds are cleared). Otherwise they will be included on the next monthly bill. Students living in University Residence Halls are able to defer up to two-thirds of their residence hall charges. The amount deferred is divided into two installments. Approximate installment due dates are listed below. If a student enrolls by the date specified in the Billing and Fee Payment Schedule, the Registration Billing Statement will list several payment options (if a student enrolls subsequently, they will not have the option to defer tuition). If the student's payment is at least the "Minimum Amount Due" and less than the "Amount to Avoid Deferment," then the deferred payment plan option will be assumed. Both actual and pending financial aid is first applied against the "Minimum Amount Due." Financial Aid exceeding the "Minimum Amount Due" will then reduce the tuition deferment and subsequently reduce any housing deferment. A $10.00 payment plan service fee will be charged whenever the option to defer either tuition or housing for a semester is elected. A finance charge of 7.9% per year will be assessed on deferred tuition and related charges. There is no finance charge assessed on unpaid housing charges.
A $25 late payment charge will be made whenever either installment for the semester is made after the due date. Students will be held from enrolling and registering for future semesters whenever current semester deferred payments are past due. Failure to make deferred payments on a timely basis may also result in the loss of the opportunity to defer payments.
The deferred payment option for summer session is subject to the student's class end date for the summer session.