Students who want to use the Deferred Payment Plan must sign up for the payment plan online via RaiderNet. If a student is eligible, there will be an option in the new bill payment system to request a Deferred Payment Plan. The Deferred Payment Plan will not be reflected on a student's account or be an option in payment by credit card until after the request is processed online. Students who wish to pay by mail or at the Business Office and use the Deferred Payment Plan must first sign up for the plan online.

Although all charges are due and payable in full at the beginning of each term, students in good financial standing at MTSU may defer payment of up to 50 percent of their registration, housing, and freshmen meal plan fees for the fall and spring semesters. The deferment of fees is not available for summer terms.

Eligibility

To be eligible for the Deferred Payment Plan, each participant must make a minimum down payment of 50 percent of the registration fees, residence hall rent, and freshmen meal plan costs. The balance due must be $400 or more after all discounts, waivers, financial aid, and other credits are applied. A student who fails to make timely payments in a previous term will be denied the right to participate in the Deferred Payment Plan in future enrollment periods. Any student who makes payment with a check which is subsequently returned will be denied participation in the Deferred Payment Plan in all future terms.

Terms

The amount deferred will be payable in two monthly installments. For the due dates for each term, consult the website. The University is not obligated to send reminder notices before the payment is due. Participants in this plan must apply all discounts, waivers, credits, and financial aid (including student loans) toward payment of registration fees before a deferment will be considered. Financial aid and other credits received after the initial payment will be applied to the remaining balance, and future amounts due will be recomputed. No refunds can be made until all fees are paid in full. Students who participate in the Deferred Payment Plan may not pay housing charges in installments in the same term. Students must select either the Deferred Payment Plan or the Housing Deferment Plan. Students will not be withdrawn for failure to pay the second or third payments. However, the balance must be paid in full before the student can preregister for future terms, even if preregistration is prior to the due date.

Service Charges/Fines

Each participant will be charged a $50 nonrefundable service fee each term to defray administrative costs. This fee is payable along with the 50 percent down payment on or before the registration fee payment deadline. An additional late payment charge of $25 will be assessed for each installment not paid on or before the due date and each 30-day period past the second installment up to a maximum of $100. Withdrawals from classes will not alter the remaining balance due except to the extent that any refund may be applied. Students who make payments with checks that are returned will be charged a $30 return check service fee as well as any applicable late fees.

If a payment is not received in the Business Office by the scheduled payment due date, the University will withhold all services from the student — including grades, transcripts, and future registration — until the fees have been paid in full including any assessed late fees.

All existing rules and policies pertaining to returned checks, refunds, withdrawals, dropped classes, and collection costs are applicable to the Deferred Payment Plan.

Payment of the minimum amount due on the Deferred Payment Plan finalizes registration. The class schedule will not be dropped. It is not necessary to also confirm on RaiderNet. The Deferred Payment Plan service fee, late fee, and minimum amount are effective for 2007-08 and are subject to change in future terms.

Added Classes After Fee Payment

Additional fees for classes, dorms, or meal plans added after your initial registration payment or confirmation must be paid by the late registration fee payment deadline. If students are eligible for the Deferred Payment Plan, any unpaid fees after this date will be processed as a deferred payment. The $50 Deferred Payment Plan service charge and any applicable $25 late payment fees will be charged.

Students who are not eligible for deferred payment will be subject to withdrawal from all classes or from the dorm for nonpayment or subject to service charges and late payment fees.

For more information and detailed instructions on how to sign up for deferred payment, check online at www.mtsu.edu/bursar . This option should be available in late July or early August 2007.

• Business Office , CAB 103, 898-2761