Although all charges are due and payable in full at the beginning of each term, students in good financial standing at MTSU may defer payment of up to 50 percent of their registration, housing, and freshmen meal plan fees for the fall and spring semesters. The deferment of fees is not available for summer terms.
To be eligible for the Deferred Payment Plan, each participant must make a minimum down payment of 50 percent of the registration fees, residence hall rent, and freshmen meal plan costs. The balance due must be $400 or more after all discounts, waivers, financial aid, and other credits are applied. A student who fails to make timely payments in a previous term may be denied the right to participate in the deferred payment plan in future enrollment periods. A student who is denied participation may be allowed to participate again only after completion of payment in full for two consecutive terms which allow deferments (fall or spring terms). Any student who makes payment with a check which is subsequently returned will be denied participation in the Deferred Payment Plan in all future terms.
The amount deferred will be payable in two monthly installments. For the fall term, installment payments are due by October 1 and November 1. For the spring term, installment payments are due by March 1 and April 1. The University is not obligated to send reminder notices before the payment is due. Participants in this plan must apply all discounts, waivers, credits, and financial aid, including student loans, toward payment of registration fees before a deferment will be considered. Financial aid and other credits received after the initial payment will be applied to the remaining balance, and future amounts due will be recomputed. No refunds can be made until all fees are paid in full. Students who participate in the Deferred Payment Plan may not pay housing charges in installments in the same term. Students must select either the Deferred Payment Plan or the Housing Deferment Plan. Students will not be withdrawn for failure to pay the second or third payments. However, the balance must be paid in full before the student can pre-register for future terms even if preregistration is prior to the due date.
Each participant will be charged a $10.00 service fee each term to defray administrative costs. This fee is payable along with the 50 percent down payment on or before the registration fee payment deadline. An additional late payment charge of $25 will be assessed for each installment not paid on or before the tenth day of the month that a payment is due. Students who make payments with checks that are returned will be charged a $20 return check service fee as well as any applicable late fees.
If a payment is not received in the Business Office by the scheduled payment due date, the University will withhold all services from the student, including grades, transcripts, and future registration until the fees have been paid in full including any assessed late fees.
All existing rules and policies pertaining to returned checks, refunds, withdrawals, dropped classes, and collection costs are applicable to the Deferred Payment Plan.
Payment of the minimum amount due on the Deferred Payment Plan finalizes registration. The class schedule will not be dropped. It is not necessary to also confirm on TRAM or WebMT. The Deferred Payment Plan service fee, late fee, and minimum amount are effective for 1998-99 and are subject to change in future terms.
Additional fees for classes added after fee payment are due before the late registration fee payment deadline. Any unpaid fees after this date will be processed as a deferred payment. The $10 Deferred Payment Plan service fee and any applicable $25 late payment fees will be charged.