Common use of Payment Policies Clause in Contracts

Payment Policies. A Payment Plan Student is a student who has a balance after registration for courses, has all financial aid applied and tuition reimbursement obtained, and is eligible for the Payment Plan option for the remaining balance. Payment plans require payments to be scheduled with a saved payment method at the time of registration inclusive of tuition, fees, room, and board, followed by payment of the remaining balance in equal payments as detailed in the student’s plan. In the event of a prepayment or overpayment of a scheduled installment plan, the excess amount will be applied to the next scheduled payment. In addition, a