Payment Calculations

Example 1: A student with no financial assistance
Estimated bill (tuition, room, board, fees) $30,830.00
Payment plan fee + $50.00
Revised estimated bill $30,880.00
Estimated bill divided by 5 $30,880.00/5 = $6,176.00
Total monthly installment* $6,176.00
Example 2: A student with financial assistance
Estimated bill (tuition, room, board, fees) $30,830.00
Less estimated financial assistance - $9,995.00
Payment plan fee + $50.00
Revised estimated bill $20,885.00
Estimated bill divided by 5 $20,885.00/5 = $4,177.00
Total monthly installment* $4,177.00

* Installment amount may vary due to miscellaneous non-deferred fees. Non-deferred fees include, but are not limited to, late charges, transcript fee, and vehicle registration fee. Non-deferred amounts will be added to the installment due in the month they are billed. The installment may also vary due to changes in the amount of financial assistance you are receiving. Increases in the amount of financial assistance will decrease the account balance and the amount due on remaining monthly installments, whereas decreases in the amount of financial assistance will increase the account balance and amount due on remaining monthly installments.