Payment Plan

The University offers a payment plan that allows students or authorized users* to divide tuition, fees, and contracted residence housing in monthly, interest-free installments. Students or authorized users must schedule payments to be automatically processed each month. A monthly reminder email will be sent to both the student and the authorized user with notification of the upcoming payment. A $50 late payment fee will be assessed for payments received after the due date.

You must enroll in a payment plan each semester. Payment plans do not automatically roll over at the end of each semester.

If you are in financial distress, and you cannot afford to pay your bill we encourage you to visit the Financial Care Team webpage here to learn more and place a referral for assistance with payment options. 

Fall 2022 Payment Plans

Students must be paid in full or enrolled in a payment plan by October 21 to participate in priority spring registration, which begins October 24, 2022. After October 21, students must work with the Financial Care Team to enroll in a payment plan for past due balances. 

GOALS Payment Plan

Beginning July 1, 2022, students or authorized users may enroll in an estimated payment plan and pay up to five installments. This payment plan is based on the student’s estimated costs and financial aid. There is a $200 minimum down payment at the time of enrollment.

How this plan works

The student should be enrolled for the fall semester before enrolling in the payment plan and have completed all necessary requirements for financial assistance. The payment plan will ask for the estimated tuition, fees, meal plan, and housing. By using the cost calculator, the student or authorized user can determine the estimated amount of tuition and fees. Then the student or authorized user will enter the student’s financial awards (visit the Self-Service app). Only enter the amount awarded and accepted for fall. These tools will assist in estimating the out-of-pocket costs the student or authorized user will need to pay over the course of the payment plan.

Payment Plan Rebalancing

On August 1 when tuition and fees and authorized aid are posted to the student account, the payment plan will switch from estimated costs to actual costs and the payments will recalculate. The individual who enrolled in the payment plan will be notified of the new payments by email. Payments are scheduled to automatically process on the 16th of each month.

Standard Payment Plan

Beginning August 1, 2022, students or authorized users may enroll in the Standard Payment Plan. This plan uses the student’s actual tuition, fees, and pending financial aid. A 20% down payment is required at the time of enrollment. Payments are scheduled to automatically process each month.

Bi-weekly Payment Plan

Similar to the Standard Payment Plan, students or authorized users may enroll in a payment plan that allows each individual to make two payments each month. A 20% down payment is required at the time of enrollment. Payments are scheduled to automatically process twice each month.

Compare Payment Plans

Payments Overview

The method of payment used at the time of enrollment will be the same method of payment for the automatic, scheduled payments each month. Students or authorized users can pay with an eCheck by entering the payer’s routing number and bank account or with a debit or credit card. Please note there is a 2.85% service charge associated with each transaction paid by debit or credit card, but payments made via eCheck are not assessed the service charge.

Changing the Payment Method

Only the individual who enrolled in the payment plan has the ability to change the payment method. To do so, the user should:

1. Log into TouchNet through MyUSI or the Authorized User login.
2. Under Scheduled Payments, click on the icon under Action and select Edit. Note: To update every payment, the user must edit every payment individually.
3. Enter the new payment method.

*A student or authorized user may only set up one payment plan for a student. If multiple authorized users will be making payments towards a student’s account, the student must initiate the payment. For information on how to create more than one authorized user for a payment plan, please contact the Bursar’s Office by email at bursar@usi.edu or call 812-464-1842.