For summer 2020, the payment plan will be split into three equal payments. The first installment will be 33 percent, and the remaining balance will be split into other payments throughout the summer.
This plan is available to students in good financial standing who also have a current term balance of $50 or greater.
The DPP allows students to pay 50% of the total term charges, plus a $30 service charge, by each term’s due date. 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 deferred payment plan if the student has an unpaid balance over $50 as of the statement date due date. Administrative enrollment in a deferred payment plan will result in the student being assessed an additional fee of $40.
How to Enroll in a Payment Plan
- On MyUTK in My Services, select View/Pay Fees.
- Select Payment Plans to complete your enrollment.
After the first installment of 50%, half of the remaining balance is due approximately 45 days later, and the final balance is due approximately 15 days later.
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 schedule isn’t cancelled.
Example:
Without Financial Aid
Tuition: $4,890
Fees: $707
DPP Fee: $30
Total: $5,627
50% due on the payment due date (First Installment): $2,813.50, leaving a balance of $2,813.50
2nd Installment due approximately 45 days later: (half of remaining balance) $1,406.75
Final installment due approximately 15 days later: $1,406.75
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 Installment: $3,250/2=$1,625***
50% due on the payment due date (First Installment): $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 approximately 45 days later
Final Installment of $594.25 due from student/parent approximately 15 days later
