Payment Plan Options
Personal Deferment Plan:

Payment plans are available only during fall and spring semesters.

To Qualify
To qualify for the deferment plan, a student must have an account balance of at least $1023.15 and be in good standing with the university.

The Process
If you are eligible, the personal deferment amount will be listed on your bill.  The remaining payments are due approximately one month apart.  By paying the minimum amount, or more than the minimum amount, you will automatically be set up on the deferment plan.

The Plans
IUK offers both a three-pay and a two-pay payment plan.  A student’s date of registration determines which plan applies.  The minimum amount due will appear on the student’s e-bill.
Early registrations allow for a three-payment plan for eligible students.  The first e-billing of each term (July for fall, November for spring) will reflect the minimum amount due (40%).  There will be a minimum charge for this plan.

The second e-billing for the term will allow all eligible students a two-payment plan.  The minimum amount will be reflected on their e-bill (50%).  There will be an additional charge for this plan.
The final bill will be due in late September for fall and late January for spring terms.  All fees are due in full at this time.  Late payments are assessed a monthly late payment fee.

There is no contract to sign but by remitting your minimum first payment, 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.