The College offers two payment plans as outlined in the Payment Agreement and Disclosure Statement. These plans are:
Under the Standard Payment Plan, payments are due on August 10th for fall semester and on January 10th for spring semester. Any additional Obligation incurred later during the semester will be billed by the College and will be due as noted on the statement or under the same terms and conditions described in the section titled Deferred Payment Plan below.
The Deferred Payment Plan allows the student to pay educational expenses in four payments for each semester on the 10th of August, 10th of September, 10th of October, with the final payment due on the 7th of November for the fall semester, and on the 10th of January, 10th of February, 10th of March, with the final payment due on April 7th for the spring semester. There is a 1% (one percent) per month finance charge (corresponding annual percentage rate of 12%) for the Deferred payment plan.
A finance charge of 1% per month (ANNUAL PERCENTAGE RATE OF 12%) will be applied to the adjusted balance due on the 10th of each month. As of the 10th day of each month (or the first business day thereafter), the College will calculate the new balance due by taking the previous balance, and subtracting payments and other credits. Financial aid, which includes outside scholarships, will only be subtracted as the funds are received by the College, or in the case of student employment, as it is earned.
|August 10th||1/4 of initial balance|
|September 10th||1/3 of balance due|
|October 10th||1/2 of balance due|
|November 7th||Entire balance due|
|January 10th||1/4 of initial balance|
|February 10th||1/3 of balance due|
|March 10th||1/2 of balance due|
|April 7th||Entire balance due|