Payment Plan

The University offers a payment plan that allows students or authorized users* to divide tuition, fees, and contracted residence housing in monthly, interest-free installments. Students or authorized users must schedule payments to be automatically processed each month. A monthly reminder email will be sent to both the student and authorized user with notification of the upcoming payment. A $50 late payment fee will be assessed for payments received after the due date.

Spring 2020/Summer 2020 Payment Plans

Beginning April 20, the Bursar’s Office has opened two payment plan options for students who qualify. Please read the information below and complete the questions from the link.

Special Circumstance Payment Plan

A student who experiences financial hardship related to COVID-19 may apply for a payment plan that will divide their past due balance along with future fall 2020 and spring 2021 balances into installments up to 12 months. To qualify, the student must demonstrate ability to pay and provide documentation of their circumstances, which include, but not limited to temporary or permanent job loss or decrease in hours of employment due to COVID-19, medically impacted by COVID-19, or decrease or loss of pay due to dependent care as a result of COVID-19. 

Extended Payment Plan

A student who was unable to pay their balance in full by the spring 2020 due date may apply for an extended payment plan that will divide their past due balance along with future fall 2020 balance into installments up to six months. To qualify, the student must demonstrate ability to pay.

How to apply

Students should review their current balance by logging into MyUSI and click on the TouchNet app. The most up to date balance will appear under Account Activity. Based on the balance, click on the link below that indicates your current account balance.

Balance of $1,000 or less

Balance of $1,001 but less than $5,000

Balances of $5,000 or more should contact the Bursar's Office directly at bursar@usi.edu. 

The student will be contacted by the Bursar’s Office or Student Financial Success Center within one to two business days after completing the survey for further guidance.

Compare Payment Plans

Payment Plan Enrollment Period Down Payment Number of Installments Payment Due Dates
Special Circumstance Payment Plan  April 20 - June 1 0% 12 On the 25th of each month July 2020 through June 2021
Extended Payment Plan  April 20 - June 30 varies based on balance 6 On the 25th of each month July through December 

Fall 2020 Payment Plans

Fall 2020 tuition and fees will be assessed and viewable on TouchNet beginning July 17, 2020. Students and authorized users may begin enrolling in a payment plan as early as July 1. Below is an overview of the payment plans that are available for fall 2020.

Estimated Payment Plan

Beginning July 1, 2020, students or authorized users may enroll in an estimated payment plan and pay up to six installments. This payment plan is based on the student’s estimated costs and financial aid. There is a $200 minimum down payment at the time of enrollment.

How this plan works

The student should be enrolled for the fall semester before enrolling in the payment plan and have completed all necessary requirements for financial assistance. The payment plan will ask for the estimated tuition, fees, meal plan, and housing. By using the cost calculator, the student or authorized user can determine the estimated amount of tuition and fees. Then the student or authorized user will enter the student’s financial awards. Only enter the amount awarded and accepted for fall. These tools will assist in estimating the out-of-pocket costs the student or authorized user will need to pay over the course of the payment plan.

Payment Plan Re-balancing

On August 1 when tuition and fees and authorized aid are posted to the student account, the payment plan will switch from estimated costs to actual costs and the payments will recalculate. The individual who enrolled in the payment plan will be notified of the new payments by email. Payments are scheduled to automatically process on the 28th of each month.

Standard Payment Plan

Beginning August 1, 2020, students or authorized users may enroll in the Standard Payment Plan. This plan uses the student’s actual tuition, fees, and pending financial aid. A 20% down payment is required at the time of enrollment. Payments are scheduled to automatically process on the 28th of each month.

Bi-weekly Payment Plan

Similar to the Standard Payment Plan, students or authorized users may enroll in a payment plan that allows each individual to make two payments each month. A 20% down payment is required at the time of enrollment. Payments are scheduled to automatically process on the 10th and 28th of each month.

Compare Payment Plans

Payment Plan Enrollment Period Down Payment Number of Installments Payment Due Dates
Estimated Payment Plan  July 1-31 Minimum $200.00 5 On the 28th of each month August through December
Standard Payment Plan  August 1-28 20% 4 On the 28th of each month September through December 
Bi-weekly Payment Plan  August 1-28 20% 8 On the 14th and 28th of each month September through December

Payments Overview

The method of payment used at the time of enrollment will be the same method of payment for the automatic, scheduled payments each month. Students or authorized users can pay with an eCheck by entering the payer’s routing number and bank account or with debit or credit card. Please note there is a 2.85% service charge associated with each transaction paid by debit or credit card, but payments made via eCheck are not assessed the service charge.

Changing the Payment Method

Only the individual who enrolled in the payment plan has the ability to change the payment method. To do so, the user should:

  1. Log into TouchNet through MyUSI or the Authorized User login.
  2. Under Scheduled Payments, click on the icon under Action and select Edit. Note: To update every payment, the user must edit every payment individually.
  3. Enter new payment method.

*A student or authorized user may only set up one payment plan for a student. If multiple authorized users will be making payments towards a student’s account, the student must initiate the payment. For information on how to create more than one authorized user for payment plan, please contact the Bursar’s Office by email at bursar@usi.edu or call 812-464-1842.

Contact

Bursar's Office

fas fa-map-marker-alt Lower level of the Orr Center
fas fa-mobile-alt 812-464-1842
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fas fa-clock Office Hours: Monday through Thursday 8:00 am to 4:30 pm Friday 8:00 am to 3:30 pm