Common use of Payment Deferments Clause in Contracts

Payment Deferments. a. The Licensee may request a Payment Deferment to allow the specific installment payment to be delayed based on the Licensee’s qualifying Financial Aid/scholarship award (not including work study) scheduled to be disbursed to their account. Rent and Fee payment deferment requests will not decrease the amount owed and only assist in the temporary delay of a payment due date.

Payment Deferments. a. The Licensee may request a Payment Deferment to allow the specific installment payment to be delayed based on the Licensee’s qualifying Financial Aid/scholarship award (not including work work-study) scheduled to be disbursed to their account. Rent and Fee payment deferment requests will not decrease the amount owed and only assist in the temporary delay of a payment due date.