All students 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 of $200 or more, in three installments under the partial payment plan as follows:

First Payment

50 percent of the net balance due on or before the due date indicated on the term bill.

Second Payment

25 percent of the net balance due plus the $25 nonrefundable partial payment fee on or before September 15 for the fall term and on or before February 6 for the spring term.

Third Payment

Net balance due on or before October 15 for the fall term and on or before March 6 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:

First Payment

75 percent of the net balance due plus the $25 nonrefundable partial payment fee.

Second Payment

Net balance due on or before October 15 for the fall term and on or before March 6 for the spring term.

Any installments not paid according to the schedule incurs an initial late fee of $50.