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Payment Plans
WIU does not require advance payment of charges from new students or students in good financial standing with the University. It is recommended that fall charges be paid by November 1 and spring charges be paid by April 1 to take advantage of pre-registration for the next term. There are two options, the Open Payment Plan and the Automated Payment Plan. However, both have four basic restrictions:
- All appropriated financial aid including loans may first be applied to the student's account to cover current semester allowable charges. This will occur whether or not those costs have appeared on the bill.
- Students will not be permitted to register for the next term if they have financial or administrative obligations.
- A finance charge will be assessed after each bill's due date on any billed but unpaid balance (1% per month).
- University transcripts will not be issued to students who have financial or administrative obligations.
Automated Payment Plan
The Automated Payment Plan provides students a structured option for budgeting educational expenses over several months. The monthly payments will be deducted from a bank account on the 5th of each enrollment month. The 1% finance charge listed in the basic restrictions is not assessed on the contract amount; however, there is a $2 per month transaction fee to cover processing. Additional charges incurred above the contract amount will be billed and subject to the 1% finance charge assessment if not paid by the due date. A completed agreement form is required to participate in this plan.
Open Payment Plan
The Open Payment Plan is a flexible plan that allows unlimited choice of payment options; no formal agreement form is needed, as this is the default plan. Payments may be made during the semester according to the student's individual resources.
