Deferred Payment Plan

Deferred Payment Plan

A Deferred Payment Plan (DPP) is a payment option available to students in good financial standing who have a current semester balance of $100 or more. The DPP provides more time and flexibility in managing and paying each semester’s balance. You can find the schedule for each semester’s payment plan here.

The DPP requires students to pay an initial 50% of the total semester charges (upon payment plan enrollment) plus a $30 service charge, by the semester’s due date. A second and third payment installment follow in the next two months after the initial 50% payment.

  • Students who pay at least 50% but do not enroll themselves in the DPP will be added to a plan for a $40 fee.
  • Students who do not pay 100% of their charges by the due date are required to enroll in the DPP.

The Office of The Bursar reserves the right to add a student to a DPP if the student has an unpaid balance over $100 as of the payment due date. There is a $40 fee when the Office of the Bursar adds a student to a DPP.

Your payment plan installments may change based on any additional credits or charges that are added to your account in between payment due dates.

How to Enroll in a Payment Plan 

  • Log into your MyUTK account.
  • Under “My Resources”, select “Pay Fees/Account Balances.”
  • Select “Payment Plans.”
  • Pay your 50% balance down payment to complete your enrollment.

How the DPP Works

  1. The first installment of 50% of total term charges is due upon payment plan enrollment and must be made by the payment due date.
  2. The second installment of 25% of the remaining account balance is due the next month. 
  3. The final installment (the remainder of the account balance) is due a month later.

View the calendar for upcoming payment due dates here.

Note: There is a $35 late fee if you do not pay the installments on time, even if you do not receive a reminder statement. All unpaid fees and charges must be paid in order to access registration services, receive a transcript, grades, or a diploma.

All existing rules and policies pertaining to returned checks, refunds, withdrawal from school, dropped classes, application of financial aid to unpaid accounts, reinstatement, service charges, and collection costs are applicable to the DPP.

If you are not eligible for the DPP, you must pay 100% of the total term charges by the due date so your course schedule isn’t canceled.

Payment Plan Examples

DPP Example without Financial Aid

Fall SemesterSpring Semester
Estimated Key Costs (Tuition, Fees, Housing, Food & Books):
Estimated Key Costs (Tuition, Fees, Housing, Food & Books):
Financial Aid: $10,000Financial Aid: $10,000
1st Installment: $6,5481st Installment: $6,548
2nd Installment: $3,2592nd Installment: $3,259
3rd Installment: $3,2593rd Installment: $3,259

Note: The $30 deferred payment plan service charge was added to the first installment in this example for both terms.

DPP Example with Financial Aid

Tuition: $4,890
Fees: $707
DPP Fee: $30
Total: $5,627

Financial Aid for the term: $3,250
One half of charges: $5,627/2= $2,813.50**
One half of financial aid- applies to the First payment: $3,250/2=$1,625***
50% due on the payment due date (First payment): $2,813.50-$1,625=$1,188.50 Down payment from student/parent

2nd Installment: $2,813.50**/2=$1,406.75
Financial Aid: $1,625***/2=$812.50
$1,406.75-$812.50=$594.25 due from student/parent
Final Installment of $594.25 due from student/parent

DPP Questions

If you have questions about enrolling in the DPP or any charges that have been added to your account, please contact One Stop

Please note that One Stop cannot discuss your financial information with anyone other than you unless they are listed as an Authorized User in your account.