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 the authorized user with notification of the upcoming payment. A $50 late payment fee will be assessed for payments received after the due date.

Spring 2021 Billing and Payment Information

Beginning December 14, students may view their spring 2021 tuition, fees, housing, and meal plan charges on TouchNet. Billing statements will be sent on January 5, 2021. You may enroll in a spring 2021 payment plan now to divide your account balance into affordable monthly installments. Spring 2021 payment due date is January 22, 2021. 

Standard Payment Plan

Students or authorized users may enroll in a payment plan that allows the individual to make monthly installments. A 20% down payment is required at the time of enrollment. Monthly installments are scheduled to automatically process on the 28th of each month. For those who do not wish to pay the 20% down payment, please consider the Early Enrollment Payment Plan below. The higher down payment can help to make monthly installments more affordable in the longer term. 

Bi-monthly Payment Plan

Similar to the Standard Payment Plan, students or authorized users may enroll in a payment plan that allows the individual to make two installments each month. A 20% down payment is required at the time of enrollment. Monthly installments are scheduled to automatically process on the 13th and 28th.

Early Enrollment Payment Plan

Students or authorized users may enroll in a payment plan that allows the individual to make monthly payments. A 10% down payment is required at the time of enrollment. Monthly installments are scheduled to automatically process on the 28th of each month. This plan is very similar to the Standard Payment Plan above but offers a more flexible down payment percentage.

Bi-monthly Early Enrollment Payment Plan

Similar to the Standard Payment Plan, students or authorized users may enroll in a payment plan that allows the individual to make two installments each month. A 10% down payment is required at the time of enrollment. Monthly installments are scheduled to automatically process on the 13th and 28th. This plan is very similar to the Bi-weekly Payment Plan above but offers a more flexible down payment percentage.

Compare Payment Plans

Payment Plan Enrollment Period Down Payment Number of Installments Payment Due Dates
Standard Payment Plan  Jan 1-31 20% 4 On the 28th of each month February through May. 
Bi-monthly Payment Plan  Jan 1-31 20% 8 On the 13th and 28th of each month February through May.

Early Enrollment Payment Plan

Jan 1-22 10% 4 On the 28th of each month February through May. 

Bi-monthly Early Enrollment Payment Plan

Jan 1-22 10% 8 On the 13th and 28th of each month February through May.

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 a 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 the 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 a payment plan, please contact the Bursar’s Office by email at bursar@usi.edu or call 812-464-1842.

Contact

Bursar's Office

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