Scenarios

Scenario 1

You’re enrolled in a 4 pay plan for a total of $7,609.  You make your 1st installment payment plus the $100.00 enrollment fee and have 3 installments of $1902.25 remaining.  You decide to purchase a meal plan for $800.00.  The 800.00 will automatically be evenly distributed amongst the 3 remaining installments bringing each installment to $2,168.92.  The student account will be recalculated and automatically adjust for the additional charge. 

    Beginning Balance:        $7,609.00

    First payment :               $2,002.25

    Remaining Installments:               2                       3                     4

Before adding meal plan:         $1,902.25         $1,902.25        $1,902.25

After adding meal plan :           $2,168.92         $2,168.92        $2,168.91

Scenario 2

You’re enrolled in a 4 pay plan for a total of $7,609.  You have made your 1st installment payment plus the $100.00 enrollment fee and have 3 installments of $1,902.25 remaining.  For your third installment payment you decide to increase the payment amount to $2,500.  The $2,500 covers the amount due for the next installment as well as a portion of the fourth installment, bringing the final installment to $1,304.50.  The student account will be recalculated and automatically adjusted for the payment received. 

    Beginning Balance :      $7,609.00

    First payment :              $2,002.25

Remaining Installments:                 2                      3                      4

Before Overpayment :           $1,902.25         $1,902.25        $1,902.25

After Overpayment :              $1,902.25         $2,500.00        $1,304.50

Scenario 3

You’re enrolled in a 4 pay plan for a total of $7,609.  You have made your 1st installment payment plus the $100.00 enrollment fee and have 3 installments of $1,902.25 remaining.  You receive a scholarship for $900.  The $900 scholarship credit will be credited to your account leaving you with a balance of $4,806.75.  The student account will be recalculated and automatically adjusted leaving the remaining 3 installments of $1,602.25.  

    Beginning Balance:    $7,609.00

    First payment :           $2,002.25

Remaining Installments:                 2                     3                    4

Before Scholarship :            $1,902.25         $1,902.25        $1,902.25

After Scholarship:                $1,602.25         $1,602.25       $1,602.25