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PAYMENT PLAN PROMISSORY NOTE 2015-2016
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Name (Last/First/Middle) University ID Number (UID)
I, the undersigned, have read and understand all of the provisions of the Payment Plan as defined below and hereby promise to pay all fees and
charges applied to my account.
X__________________________________________________________________________________________________________
Student Signature Date
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Retain this portion for your records
Terms and Conditions of the Payment Plan for 2015-2016
What is the Payment Plan?
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. The
4-Payment Plan requires 5 percent down for the first payment, followed by
three equal payments by the scheduled due dates. The 3-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 amount 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.
What if I miss a payment or make a late payment?
It is your responsibility to know when payments are due and to pay on time.
Electronic billing notices for upcoming payments are provided as a courtesy
notice only and payments must still be made by the due dates even though an
electronic billing notice may not have been received. If installment payment is
not received by the due date, you will be assessed a $50.00 late fee for each
late payment. A “HOLD” will be placed on your account which will prevent
dropping or adding classes and your ability to receive an official university
transcript. Delinquent balances will be reported to the credit bureau(s) and if
you fail to repay the plan as agreed, legal action could be taken against you. In
addition, you may be assessed and required to pay any costs incurred in the
collection process of this plan including, but not limited to, late charges,
collections and litigation costs. If your check is returned from the bank, a
$25.00 returned check fee will be assessed in addition to the $50.00 late fee.
Late fees and penalties must be paid first before payments will be applied to
the outstanding principal balance.
What if I drop a class or withdraw from school?
See term class schedule for dates on Raider Connect’s website
http://www.wright.edu/raider-connect/classes-and-grades/policies.
If you receive federal financial aid, including loans, contact Raider Connect
before you withdraw from classes. The Federal Refund Policy affects
students receiving federal financial aid and withdrawing from all classes.
Withdrawal most likely will result in a balance owed to Wright State
University.
4-Payment Plan Due Dates
$10 Non-refundable Application Fee
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