Payment Options and Due Dates

Payment Options

If you wish to use a payment plan, you must request it at the beginning of each term prior to the first tuition due date of the trimester. You are assigned to the Simple Payment Option if no option is chosen by the first due date of the trimester.

The Two and Three Payment Options can only be used for tuition and room and board charges, after deduction of any financial aid. To select the Two or Three Payment Option, log in to WaveNet and navigate to the Finances page, click on the "Payment Plan" link beneath your Account Summary, and select the desired payment option on the pop-up window. The deadline to request either of these options is the first business day after the standard add/drop period for the trimester.

Students who do not comply with payment policies or whose account has previously been subject to collection (with Student Account Collections or Account Resolution) are required to pay all charges prior to registration and are not eligible for the Two or Three Payment or Company Reimbursement Payment Options. The privilege of using one of the installment payment options or the company reimbursement option may be revoked upon any payment becoming delinquent.

Please review the following sections for more information regarding payment options offered by the University.

Simple Payment Option

Tuition, after deduction of any financial assistance, is due in full on the first business day after the standard add/drop period each trimester. All charges are due on or before the due date listed on the student's online account.

Two Payment Option

Tuition plus room and board, after deduction of any financial assistance, is divided into two equal installments to be paid according to the following schedule. All other charges are due on or before the due date listed on the student's online account. A nonrefundable $25 service charge per trimester will be added to the student's account and is due with the first payment.

Due Dates:

First Installment Due: On the first business day after the standard add/drop period for the trimester.
Second Installment Due: 30 calendar days from the first installment payment due date.

Three Payment Option

Tuition plus room and board, after deduction of any financial assistance, is divided into three equal installments to be paid according to the following schedule. All other charges are due on or before the due date listed on the student's online account. A nonrefundable $50 service charge per trimester will be added to the student's account and is due with the first payment.

Due Dates:

First Installment Due: On the first business day after the standard add/drop period for the trimester.
Second Installment Due: 30 calendar days from the first installment payment due date.
Third Installment Due: 60 calendar days from the first installment payment due date.

Company Reimbursement Payment Option

For students reimbursed for tuition by their employer, the University will allow a deferral of payment after deduction of any financial aid assistance. All financial aid funds are applied to tuition charges and fees first. Deferment of tuition charges due to company reimbursement does not create excess funds. Funds cannot be released until all institutional charges are paid. If financial aid funds do not cover full tuition, the remaining balance can be deferred under the Company Reimbursement Payment Plan. The student is responsible for payment to the University of the deferred amount by the due dates listed below. Payment must be received by the Student Accounts Office on or before the due date to avoid a nonrefundable $50 late payment fee and accrual of finance charges at 0.027% per day on any unpaid balance.

Missing a deadline may revoke the privilege of using the Company Reimbursement Payment Plan option at future registrations. To qualify for this payment option, the student must fill out and return the Company Reimbursement Agreement Form to the Student Accounts Office. The completed form must be received by the Student Accounts Office before the beginning of the trimester to ensure that it is processed prior to the first payment due date and finance charges do not accrue on the student's account. The Company Reimbursement Agreement Form may be obtained by contacting the Student Accounts Office or downloading it here.

The Company Reimbursement Agreement Form must be renewed annually by submitting a new form to the Student Accounts Office prior to January 1st each year. A new form is also required if the student changes place of employment, experiences a change in company policy, withdraws, or does not enroll for a trimester.

Students may not use the Company Reimbursement Payment Plan if they are the owners of or majority stockholders in the company(ies) from which they seek reimbursement.

Regardless of the company agreement, the student is ultimately responsible for payment of all charges incurred. The University is not responsible for agreements between the student and their company and cannot accommodate company requirements for their reimbursement policies. It is the student's responsibility to review and understand their company's policy regarding company reimbursement. All fees, including but not limited to tuition, late fees, and finance charges, must be paid by the assigned due dates. The student should make arrangements each trimester to ensure that all charges are paid in full.

Company Reimbursement Payment Plan Due Dates:

Fall: January 15
Spring: May 15
Summer: September 15

Student Financial Aid

For information regarding student financial aid programs, please visit the Financial Aid website and contact their office for additional information.

Please note that applications for financial aid should be submitted well in advance to ensure timely delivery of financial aid funds. If the student plans to rely on federal or private credit-based loans, the loans should be secured prior to the term start date. A pending financial aid application does not justify deferral of payment. Regardless of the loan status, the student is ultimately responsible for payment of all charges incurred.

Due Dates

To view specific due dates for all charges posted to your account, log in to WaveNet and navigate to the Finances page, click on the "Charges Due" link beneath your Account Summary. This will provide three different ways to view your outstanding charges, and the due date for each charge will be listed. If you do not have an outstanding balance, that will be noted when you select "Charges Due."

Penalties on Late Payments and Unpaid Balances

Students are responsible for viewing their student account online, for noting their account balances due, and for making the appropriate arrangements for payment to be received by the Student Accounts Office on or before the due date. Daily finance charges in the amount of 0.027% will accrue on any past due balances.