Payment Plans

To set up a student account at St. Thomas, students must enroll in a payment plan and sign the Student Payment Agreement and Disclosure Statement. There are two payment plan options available to students: the Extended Payment Plan and the End of Term Payment Plan. The plans are described in more detail below.  Students will be automatically enrolled in the Extended Payment Plan unless they affirmatively enroll in the End of Term Payment Plan at the time of completing the Student Payment Agreenment and Disclosure Statement.

Payment plans are a convenience and budgeting tool that allow students to spread out the payment of charges in their student account over a longer time period. While many students use a payment plan, it is not required. All students have the option of paying the full tuition and other charges for the academic term in a single payment by the due date stated on the first eBill after such charges are incurred.

If a student does not pay the full tuition and other charges by this initial due date, monthly finance charges will be assessed on the unpaid balance in the account. However, so long as the required minimum payments are made by the due dates set forth in the payment plan, any outstanding tuition balance and other charges will not be considered past due. To avoid finance charges, students may pay the full balance charged to their account by the due date stated on the first eBill after the charges are incurred.

Contact the Business Office for additional information about payment options.

 

Extended Payment Plan:

This plan is available to all students. It allows students to pay their charges in up to four installments over the course of the spring or fall academic term, and in up to three installments over the course of the summer term.

Under this plan, all charges must be fully paid before the end of the academic term to which the charges apply. Students may be permitted to register for a subsequent academic term before their charges for the current term are fully paid. However, until the charges for an academic term are fully paid, students will not be permitted to enroll in a subsequent academic term.

Under this plan, a FINANCE CHARGE of 1.1% per month (13.2% ANNUAL PERCENTAGE RATE) will be assessed on the monthly unpaid balance in the student account, until the account is fully paid.  To avoid this finance charge, the student may pay the full balance at the beginning of the term.

Payment Schedule for the Extended Payment Plan:

  Fall Spring Summer
First payment: 1/4 of the account balance by Sept. 19th Feb. 19th  
First payment: 1/3 of the account balance by     June 19th
Second payment: 1/3 of the account balance by Oct. 19th March 19th  
Second payment: 1/2 of the account balance by     July 19th
Third payment: 1/2 of the account balance by Nov. 19th April 19th  
Third payment: all remaining balance by     August 19th
Fourth payment: all remaining balance by Dec. 19th May 19th  
To avoid a finance charge, full payment is due by Sept. 19th Feb. 19th June 19th

 

End of Term Payment Plan:

St. Thomas recognizes that many employers with tuition reimbursement programs do not reimburse their employees for tuition until the end of the academic term, after the student completes the course and receives a grade report.  The End of Term Payment Plan is available to students who do not receive financial aid from any source other than their employer, and who are eligible for an employer tuition reimbursement of at least 50% of the tuition balance based on receipt of a satisfactory grade report for the corresponding term.

Students who wish to enroll in the End of Term Payment Plan must do so after completing their Student Payment Agreement and Disclosure Statement in Murphy Online.

Under this plan, no tuition payment is required until after the end of the term, when grade reports have been issued (see the schedule below for specific due dates).  Students who do not timely pay their charges will not be permitted to register or enroll in a subsequent academic term.

Under this plan, a FINANCE CHARGE of 1.1% per month (13.2% ANNUAL PERCENTAGE RATE) will be assessed on the unpaid balance. To avoid this finance charge, the student may pay the full balance at the beginning of the term.

The Payment Schedule for the End of Term Payment Plan:

  Fall Spring Summer
Full payment is due by Feb. 19th July 19th Sept. 19th
To avoid a finance charge, full payment is due by Sept. 19th Feb. 19th June 19th