Students enrolled for 6 or more credits who are unable to pay their term bill in full may arrange with the local cashier`s office to pay their bill, if it indicates a net balance due of $200 or more, in three installments under the partial payment plan, as follows:
1. First payment: 50 percent of the net balance due plus a $25 nonrefundable partial payment fee payable on or before the date indicated on the term bill.
2. Second payment: 25 percent of the net balance due on or before September 15 for the fall term and on or before February 1 for the spring term.
3. Third payment: net balance due on or before October 15 for the fall term and on or before March 1 for the spring term.
Any student submitting a term bill after classes have begun for the term must make payment according to the following schedule:
1. First payment: 75 percent of net balance due plus a $25 nonrefundable partial payment fee.
2. Second payment: net balance due on or before October 15 for fall term and on or before March 1 for spring term.
Any subsequent installment not paid on time incurs an initial late fee of $25. The university reserves the right to increase the partial payment plan fee if deemed necessary.