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Q. I have
signed a University Credit Agreement previously. Do I need to sign a new one
now?
A. Yes. The new University Credit Agreement includes not only the terms of the
new Installment Payment Plan but includes the terms for extension of credit for
all financial obligations to the University and consequences of failure to meet
these terms.
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Q. Will I
need to sign a credit agreement every semester?
A. No. Once your credit agreement is accepted, you will be eligible for the
plan every fall & spring semester.
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Q. Do I need
to have a co-signer on the agreement?
A. If you have not reached the age of 18, you will be required to have the
agreement co-signed. Once you are 18, you will need to sign a new agreement.
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Q. If I sign
the credit agreement, do I have to pay on the Installment Payment Pan?
A. The choice is yours. You may pay the full assessment for any semester or
any amount of at least $200 or more (to avoid cancellation). You will only be
placed on the Installment Payment Plan if your balance is not paid in full by
the published Fee Due Date.
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Q. When is my
down payment due?
A. Your minimum payment is due by the published Fee Due Date each semester.
Failure to pay by that date could result in cancellation of your registration
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Q. Should I
sign up now for the credit agreement even if I don�t intend to use the
Installment Payment Plan this semester?
A. Yes, this agreement covers the extension of credit for all financial
obligations, not just the Installment Payment Plan.
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Q. What
charges are eligible for the Installment Payment Plan?
A. Current semester tuition & fees, room charges, and meal plan charges.
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Q. What charges are not eligible?
A. Study Abroad and
Executive MBA fees are not eligible for the plan.
Kenilworth rent and miscellaneous charges for loft rental, key replacements,
parking, etc. charged by Housing are not eligible for the plan.
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Q. When will my eligible, unpaid charges be placed on the Installment
Payment Plan?
A. Within a few days after the published Fee Due Date, all eligible, unpaid
tuition & fees, room, and meal plan charges will be transferred to the
Installment Payment Plan.
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Q. When will my installments become due?
A. In fall your installments will be due around the 1st week of
October and November. In spring these will be due around the 1st
week of March and April. See the Fee Facts on the Bursar�s website for the
exact dates each semester. Your PAWS account will also show the exact dates
each charge is due.
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Q. Is there a fee for using the Installment Payment Plan?
A. Yes. An Installment Payment Plan Administrative Fee will be assessed after
the second week of class equal to 1% of the unpaid balance on the plan at that
time. We are allowing 2 weeks for changes and adjustments to fees put on the
plan due to class adds/drops before assessing this fee.
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Q. Will
this Installment Payment Plan Administrative Fee change if my tuition & fees or
housing or meal plan charges increase or decrease?
A. No. Once this administrative fee is assessed, it will not change even if
your charges increase or decrease.
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Q. Will I
be assessed finance charges in addition to the Installment Payment Plan
Administrative Fee?
A. No, as long as you pay each installment in full by the due date, no
additional finances charges will be assessed. Finance charges will be assessed
at the rate of 1% per month on any installment not paid by the due date.
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Q. If I pay my balance off early, can I get my Installment Payment Plan
Administrative Fee reduced?
A. No, the Installment Payment Plan Administrative Fee is not refundable.
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Q. I am going to apply for financial aid. Can I still use the
Installment Payment Plan?
A. Yes, if the amount of financial aid offered to you in one semester is less
than your fee assessment and housing/meal plan charges.
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Q. How will the Installment Payment Plan show up on my account?
A. Your current semester tuition & fees charges (and room and meal plan
charges) will show a Payment Plan Credit applied to them with a balance due of
zero. Three charges will be posted to your account. The Installment Payment
Plan Administrative fee will appear under Administrative Fees for the current
semester. Two Tuition & Housing Installment charges will appear under Payment
Plan for the current semester.
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Q. What happens if my fees increase or decrease after being put on the
Installment Payment Plan? Will it change the amounts due and when these are
due?
A. It depends on when the increase or decrease happens. Both installments
might get adjusted or just the last installment might adjust. We would never
increase the amount you owe without giving you time to make your payment. After
the final installment is due, increases in amounts owed may not get transferred
to the Installment Payment Plan at all.
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Q. Will I receive a bill from the University telling me what I owe?
A. No. We are no longer mailing billing statements. You can view your online
Statement of Account at any time by selecting the View Billing Statement
link on your PAWS Student Center page. This online statement will be in PDF
format so you can print it or save it as a file to your PC for future reference.
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Q. When will this statement be available?
A. This online statement can be produced �on demand� at any time and will
display the most up-to-date information available on your account.
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Q. I have additional questions that have not been answered here, who
should I talk to?
A. If it is regarding your financial aid, call the Financial Aid office at
(414)229-4541. If it concerns your eligibility for the Installment Payment
Plan, call the Accounts Receivable office at (414)229-4914
