Students enrolled in 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 on or before the date indicated on the term bill plus the $25 nonrefundable partial payment fee.

2. Second payment: 25 percent of the net balance due the second Thursday in September for the fall term and the first Thursday in February 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: 50 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 installment not paid according to the schedule incurs an initial late fee of $25 for the first week or part of a week that payment is late.

In addition, if all balances are not paid in full when due, the student is responsible for all costs incurred by the university to collect such debt. This may include, but is not limited to, collection costs, litigation/attorneys fees, and court costs.