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UConn Payment Plan

New for fall 2008

How It Works

The University of Connecticut's Payment Plan is designed to assist families who may find it difficult to pay the total semester balance (tuition, fees, and room and board) owed on the fee bill even with financial aid. The plan allows families to spread their tuition payments over 4 interest-free installments per semester. Your payment plan is set up quickly and easily on a self-service basis directly in your PeopleSoft student account.

Eligibility

Any matriculated student in an undergraduate, graduate or professional program at UCONN."

Cost

The payment plan is available each semester at a cost of $35.00 per semester and it is spread out over your four payments. This fee is nonrefundable.

Contract

If you enroll in the payment plan, you will be required to pay 25% of your total budgeted payment plan by July 15th. The remaining 3 payments will be due on August 15th, September 15th, and October 15th. Enrollment in the plan is self-service. By logging into your PeopleSoft student account and proceeding to the finances menu. Select UCONN Payment Plan and follow the directions. Use your Student ID number and password to log into the Payment Plan.

Method of Payment

You may pay on-line by e-check while inside the payment plan site. If you pay within the Payment Plan website you will not be charged a $5.00 e-check convenience fee, but if you pay with an e-check in self-service you will be charged the convenience fee. You may pay on-line by credit card (Master Card or Discover) through the normal PeopleSoft self-service page (2.5% convenience fee applies). You may send a check made payable and addressed to the University of Connecticut, School of Law Business Office, 55 Elizabeth Street, Hartford, CT 06105. Please be sure to put your Student ID number on the check.

Adjustments

Installment payments will be automatically adjusted to reflect changes to your fee bill. E-mail notifications concerning changes to your fee bill and the impact on your payment plan will be sent nightly to students and all authorized users.

Late Fees

A late fee of $25.00 will be applied to each late installment payment and an administrative hold will be placed on your account. Until the past due balance is paid in full, you will be unable to register for a future semester, use the gym and transcripts and diplomas will not be released.

Authorized Users

Students can give access to their parents and they will receive their own log-on information in an e-mail. The parents will then be able to access the account, set up a payment plan and make payments.

Things to Keep in Mind

• Charges from a prior semester or summer term must be paid in full before enrolling in the payment plan.
• A $25.00 return fee will be charged for a payment returned for any reason.
• Failure to meet the terms of the contract may result in the university canceling your current plan and denying your enrollment in future payment plans.
• You must enter into the payment plan with the university by the tenth day of the semester.
• If you withdraw from the university the entire unpaid balance is due and payable in full.

Frequently Asked Questions on the New University of Connecticut Installment Payment Plan

• Q. Can I still set up an installment payment plan through Tuition Management Systems?
  A. No. This new payment plan will replace the former TMS plan.
• Q. Who can enroll in the installment payment plan?
  A. Any matriculated student in an undergraduate, graduate or professional program at UConn
• Q. When can we begin signing up for the installment payment plan?
  A. Enrollment for the Fall 2008 payment plan is expected to begin on June 25, 2008.
• Q. How much does it cost to enroll in the plan?
  A. The enrollment fee is $35 per semester and it is spread out over your four payments.
• Q. How do you sign up for the plan?
  A. Enrollments are self-service, by logging into your PeopleSoft student account and proceeding to the Finances menu. Select UConn Payment Plan and follow the directions. Use your Student ID number and password to log into the Payment Plan.
• Q. Can I let someone else set up and manage my payment plan for me?
  A. Yes. Once in the Payment Plan site you may grant payment plan access to one or more authorized users such as a parent. However, they will have a separate login and password which they will receive via e-mail.
• Q. Does the enrollment fee include life insurance for the tuition payer?
  A. No. Unlike the TMS plan there is no life insurance component under this plan
• Q. TMS used to have 5 payments. Why are there only 4 payments in the new plan?
  A. There are two reasons. First, we wanted to eliminate the previous confusion associated with setting up your budget before receiving your fee bill. Secondly, the 4-payment plan means you don't have to come up with so much money so early. Compare the cash flow below for a $5,000 budget plan:
  

  Old Plan (5 Payments)	Payment	Total	New Plan (4 Payments)	Payment	Total
  1-Jun	$1,000	$1,000	1-Jun	$0	$0
  1-Jul	$1,000	$2,000	15-Jul	$1,250	$1,250
  1-Aug	$1,000	$3,000	Aug. 15	$1,250	$2,500
  Sept. 1	$1,000	$4,000	Sept. 15	$1,250	$3,750
  Oct. 1	$1,000	$5,000	Oct. 15	$1,250	$5,000

• Q. Is there a late fee for late installment payments?
  A. Yes. A late fee of $25 applies to each late installment payment
• Q. Will I be notified if my or my child's fee bill changes?
  A. Yes. The plan automatically sends out e-mail notifications concerning changes in your fee bill and the impact on your payment plan. This eliminates the risk of under-budgeting or over-budgeting.
• Q. How do I make my installment payments?
  A. There are three ways to make your payments. 1. You may pay online by e-check while inside the payment plan site. 2. You may pay online by credit card through the normal PeopleSoft self-service page (2.5% convenience fee applies) 3. You may send a check to the University of Connecticut, School of Law Business Office, 55 Elizabeth Street, Hartford, CT 06105. Please be sure to always put your Student ID on the memo line of the check.
• Q. What is the cutoff date for enrolling in the plan?
  A. Students may enroll as late as the 10th day of classes, however, all previously scheduled installment payments will be due upon enrollment. In general, students should enroll prior to August 1 (fall) and January 8 (spring) to avoid Bursar Holds.
• Q. Can charges from prior semesters be included in the payment plan?
  A. No. Charges from a prior semester or summer term must be paid beforehand.