Fee payment deadlines vary depending upon when the student registers. The fee payment deadlines are described in the class schedule. At least $60 must be paid by the fee payment deadline. If the required student fees are not paid in full by that date, a Finance Charge will be assessed on the remaining balance. The remaining balance is due on the 15th day of the following month with the option of paying minimum payments as described below. The Finance Charge, which is the dollar amount the credit will cost you, will be determined by applying a monthly periodic rate of 1% to the remaining balance. This is an Annual Percentage Rate of 12.68%. The Annual Percentage Rate is the cost of your credit as a yearly rate.

The monthly minimum payment amount is calculated by dividing the total required student fees due at the beginning of the semester by the number of scheduled payment dates in the semester and adding the Finance Charge. There will be a total of four scheduled payment dates per semester beginning in August and ending in November for the fall semester and beginning in January and ending in April for the spring semester. There will be a total of two scheduled payment dates beginning in June and ending in July for the summer semester.

Example

The total required student fees on the day of registration for the fall semester may be $1,260. The students pay a $60 deposit. The first bill received at end of June reflects a total due of $,1200. If the students are participating in the Deferred Payment plan, no finance charge will be accessed until the August statement for required student fees. The payment schedule would then be as follows.

Statement Date	Due Date	Total Due	Minimum Payment
6/30	7/15	$1,200	$0
7/31	8/15	$1,200	$300 (1,200/4)
8/31	9/15	$909	$309 (900/3+9)
9/30	10/15	$606	$306 (600/3+6)
10/31	11/15	$303	$303
Total paid with deposit			$1,290

Required student fees must be paid in full no later than the 15th day of November during the fall semester, the 15th day of April during the spring semester, and the 15th day of July during the summer semester.