Payment Plan Options
Personal Deferment Plan:

To Qualify
To qualify for the deferment plan, a student must register as an undergraduate, graduate or MBA student in at least three (3) credit hours and be in good standing with the university.

The Process
If you are eligible, the personal deferment minimum payment amount will be listed on your e-bill.  The remaining payments are due approximately one month apart.  By paying less than or more than the required minimum payment, the personal deferment plan may be invoked. There will be a charge of $15.00 added for each monthly installment.

Equal Installment Deferment Plan

IU Kokomo offers three-pay and two-pay equal installment deferment plans.  A student’s date of registration determines which plan applies. 

Note:  the equal payments will only remain "equal" if the original balance is not adjusted with new charges or credits to the account (excluding payments).  Deferments include tuition, course related fees (ex: labs), technology and activity fees.  Any other fees listed must be paid at 100% on the first billing. 

Fall

Students who register for fall should check their One-Start account during the first week of August for their e-bill.  The due date will be reflected on that e-bill, approximately the end of August.  If the deferment option is elected, the student will pay the minimum amount shown on the e-bill.

The second e-bill for the term will be received in early September indicating the minimum amount due. 

The final e-bill will be in October.  All fees are due in full with this final billing.

Summer:

IU Kokomo offers three-pay and two-pay installment deferment plans for summer.  A student's date of registration determines which plan applies. The first e-bill of summer (April) will indicate the minimum amount due if the deferment plan is desired. The May e-bill will offer the two-pay plan and indicate the minimum amount due if this plan is elected.  The final installment for both plans will be due in full with the June e-billing.   There will be a charge of $15 for each monthly installment.

                              Late payments are assessed a monthly late payment fee.

There is no contract to sign but by remitting at least the minimum first payment shown on your e-bill, you are agreeing to the following terms:

• If you are paying the minimum amount or more than your minimum amount, but less than the total due, the university reserves the right to invoke the personal deferment option.
• As the university’s refund policy is a graduated four-week refund period, any refund due as a result of a dropped class will be credited to your outstanding deferment balance if an amount remains unpaid.
• The only way to reduce this obligation is to officially withdraw or reduce hours during the refund period.
• Failure to make payment by the due date may result in denial of future deferments and other services.
• In the event any check or other instrument used in payment of this agreement is subsequently returned as not negotiable, this agreement will be null and void and total fees will be due immediately.
• If you elect this option because your financial aid will not be processed by your due date, you must meet each payment due date until your financial aid is credited. You will be refunded any overpayment once your aid is awarded.