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If you prefer to pay your tuition and fees in installments instead of one lump sum, we offer several payment plans (personal deferments) to fit your needs. You can pay your bursar bill in two, three
or four payments during the Fall and Spring Semesters or two or three
payments during the Summer semester. The number of payments available to you will depend on when you register for classes.
Payment due dates are determined for each semester.
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.
The minimum payment consists of 25% of your balance for the Fall and Spring Semesters or 33% of your balance for Summer. There is a a $15.00 non-refundable personal deferment service charge for each installment.
Other payment plan (personal deferment) guidelines include:
- Your current balance must be at least $450.
- Initial payment must be received by the
payment due dates.
- Pay your minimum payment by each due date listed on your bills.
- Payments can be made by credit card (Visa, MasterCard, and Novus/Discover),
check or money order, which are our preferred forms of payment. 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 payments will be due as billed for each plan. You may
either pay an additional installment or pay your balance in full
at each installment due date, with the final payment being due
in full. (The value of installments 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 final due date will result in the denial of university services and may result in the assessment of late payment fees.
Minimum Payment
- Multiply your total charges by either 25% for Fall and Spring Semester or 33% for the Summer Semester.
- Remaining payments will include a $15 Service Charge in addition to the minimum payment.
Exclusions
Students who do not qualify are those who:
- have a balance of less than $450.00
- 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. |
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