Sample Payment Plan Promissory Note
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How do you make a Payment Plan Promissory note? Download this Payment Plan Promissory Note template now!
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How do you make a Payment Plan Promissory note? What is the Payment Plan? Are you looking for a professional Payment Plan Promissory Note? If you've been feeling stuck or lack motivation, download this payment plan template now!
The Payment Plan is a way to spread your term fees for tuition, insurance, university housing, and other fees over installments. Books, personal expenses, and non-university housing are not included. A non-refundable application fee is assessed each semester for students using the plan and is paid with the first payment which must be paid on or before the due date. This Payment Plan requires 5 percent down for the first payment, followed by three equal payments by the scheduled due dates. Another Payment Plan requires one-third down for the first payment, followed by two equal payments by the scheduled due dates. You will be given the option in subsequent terms to continue on the payment plan if all terms and conditions are met.
What if I am receiving financial aid?
The total amount of financial aid that is approved by the Office of Financial Aid is deducted before the number of your payments is determined. The first payment cannot be paid by your financial aid. If the amount of term financial aid received exceeds the amount which is owed on your account, a refund check will be mailed or electronically deposited to you as outlined on the financial aid award letter.
This Payment Plan Promissory Note template can help you find inspiration and motivation. This Sample Payment Plan Promissory Note covers the most important topics that you are looking for and will help you to structure and communicate in a professional manner with those involved.
Fall Term (Available 8/1/15 – 8/31/15) Due Date 1: August 15 Due Date 2: September 15 Due Date 3: October 15 Due Date 4: November 15 Spring Term (Available 12/1/15 – 12/31/15) Due Date 1: December 15 Due Date 2: January 15 Due Date 3: February 15 Due Date 4: March 15 Summer Term (Available 4/1/16 – 4/30/16) Due Date 1: April 15 Due Date 2: May 15 Due Date 3: June 15 Due Date 4: July 15 3-Payment Plan Due Dates 40 Non-refundable Application Fee Fall Term (Available 9/1/15 – 9/15/15) Due Date 1: September 15 Due Date 2: October 15 Due Date 3: November 15 Spring Term (Available 1/1/16 – 1/25/16) Due Date 1: January 15 Due Date 2: February 15 Due Date 3: March 15 Summer Term (Available 5/1/16 – 5/23/16) Due Date 1: May 15 Due Date 2: June 15 Due Date 3: July 15.
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