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Monthly Payment Plan Families need flexible, convenient payment options to make their education plans a reality. Rather than making a large, single payment each quarter, our Monthly Payment Plan allows families to spread the cost of education over time. The Monthly Payment Plan consists of three (3) monthly payments per quarter (fall, winter and spring quarters), for a total of nine (9) monthly payments during the regular academic year. The summer quarter payment plan consists of two (2) installments. This interest-free payment plan is available to you for a nonrefundable enrollment fee of $75 per academic year if you enroll starting Fall quarter, $50 if you enroll starting Winter quarter, $25 if you enroll starting Spring quarter, and $10 if you enroll starting Summer quarter. The fee will be charged to your student account and billed with the first installment. Please Note: You should not enroll in Monthly Payment Plan if you plan to use Ohio Tuition Trust (OTTA) or another 529 plan to pay your entire balance due. If you are using OTTA (or a 529 plan) to pay a portion of your balance, please request the funds a week in advance of the first Monthly Payment Plan eBill date of the quarter for accurate eBills.
To insure proper billing for your first installment, you must enroll for: - Fall Quarter by August 13, 2009
(Payment plan will be effective for Fall, Winter, Spring, and Summer Quarters*) - Winter Quarter by December 10, 2009
(Payment plan will be effective Winter, Spring, and Summer Quarters*) - Spring Quarter by March 11, 2010
(Payment plan will be effective Spring and Summer Quarters*) - Summer Quarter by June 11, 2010
(Payment plan will be effective Summer Quarters*) * Summer quarter will be included, but students are not required to attend Summer Quarter Paying Fees on the Monthly Payment Plan The payment schedule is as follows: - Fall Quarter
September 3, 2009, October 1, 2009, and November 2, 2009 - Winter Quarter
January 4, 2010, February 1, 2010, and March 1, 2010 - Spring Quarter
April 1, 2010, May 3, 2010, and June 1, 2010 - Summer Quarter
July 1, 2010 and August 2, 2010 A late payment fee of $30.00 will be assessed for payments not received by the due dates listed above. A balance from a previous quarter is not installable. Each month you will receive an eBill based on charges that are currently posted to the student account. All account charges for the quarter will be installed. Each month, one third of the total balance owed for the quarter is due (summer quarter will be split into two payments). This balance due is adjusted for payments as well as any changes in the account (i.e., increases in credit hours, residence hall changes, and financial aid adjustments). If you live on campus and/or have a meal plan, you will be eBilled according to your room style and requested meal plan. | Monthly Payment Plan Calculation Example | | Instructional Fee | $2,456.00 | | General Fee | $513.00 | | Residence Hall (double) | $1,690.00 | | Meal Plan/Board (14 Flex) | $1,690.00 | | Health Insurance (per quarter) | $367.00 | | WellBeing Fee | $40.00 | | Legal Service Fee | $8.00 | | Info System & Network Fee | $22.00 | | Total | $6,786.00 | | Less: Anticipated Credits (Awarded Financial Aid) | ($1,500.00) | | Adjusted Total | $5,286.00 | | Multiply by .3333: (Monthly Payment) | $1,761.82 | | Plus: Monthly Payment Plan Enrollment Fee | $75.00 | | Less: Dorm Deposit (if applicable) | ($200.00) | | | | | (Adjusted) First Monthly Payment | $1,636.82 | | Second Monthly Payment | $1,762.09 | | Third Monthly Payment | $1,762.09 |
- Any new charges incurred after the billing will be reflected on the next eBill. It is possible that not all statements will be for the same dollar amount. Any changes in your room and meal plan status must be made through the Residence Services Office in Chubb Hall.
If you requested Bobcat Cash on your Residence and Dining Services Contract and did not submit payment for it, the charge will be included and the entire amount will be due with your first payment. If you have questions, contact the Office of the Bursar:
Telephone: 740.593.4130
Fax: 740.593.0767
Email: bursar@ohio.edu
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