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Payment Plans - (Available Fall and Spring Only)

A detailed breakdown of the plans follows, but essentially, if eligible, your Account Statement will include a notation of the minimum amount due necessary to participate in a personal deferment/payment plan. To participate in a personal deferment/payment plan, pay the minimum amount due. This amount will consist of 100% of any optional selections, 40% of credit hour, course related and mandatory fees; and a $17.50 non-refundable personal deferment service charge for each installment.

Other payment plan (personal deferment) guidelines include:

• Your current balance must be at least $200.
• Initial payment must be received by the payment due dates.
• Payment can be made by credit card (Visa, MasterCard, and Novus/Discover), check or money order.  You may pay by using the Indiana University's on-line payment services or in person at the Office of the Bursar (Hawthorn Hall 102).
• This option is available only to students who maintain a favorable credit history. If eligible, the minimum amount calculation will appear on the account statement.
• If you make schedule adjustments prior to the due date, the minimum amount must be recalculated by a Bursar Account Representative if you wish to participate in this plan.
• The second installment will be due as billed on the second fall or spring billing. The second installment may be paid in full or be paid in two installments as shown on the second billing of the semester (the value of the second installment will be calculated and appear on the billing for eligible students.)
• A payment received that is less than or greater than the required minimum payment will be treated as a personal deferment payment and the personal deferment plan will be invoked. The service charge will be applied to your account.
• The only way to reduce your total obligation is to officially withdraw from classes during the appropriate refund period.
• Any refunds resulting from dropped classes during the refund period will be credited to your outstanding personal deferment balance. Class withdrawal processed after the refund period will not result in a refund or reduction of your personal deferment balance. This means that the balance of your personal deferment will still be due and payment expected by the due date.
• Failure to make payment in full by the due date will result in the denial of university services and may result in the assessment of late payment fees.

Payment Plan Example

A student enrolled in 12 resident undergraduate credit hours would pay as follows:

Tuition and Fees

• Tuition: 12 credit hours at $165.40 per credit hour = $1,984.80
• Technology Fee: 12 credit hours = $160
• Student Activity Fee: 12 credit hours at $4.85 per credit hour = $58.20
• Parking (optional): 12 credit hours at $2.30 per credit hour = $27.60
• Subtotal = $2,230.60

Initial Payment

• Course and Mandatory Fees: $2,230.60 x 40% = $892.24
• Payment Plan Service Charge = $17.50 (each installment)
• initial Payment For All Plans = $909.74

Exclusions

Students who do not qualify are those who:

• have a balance of less than $200
• have not honored the terms of a previous contract
• have an unfavorable university financial record, including but not limited to a history of bad checks or returned items on campus, a poor loan status with any department, or any prior obligation remaining unpaid

All fees and dates are subject to change without notice.