Phoenix business office

PAYMENT PLAN

Helpful Phone Numbers
Three-payment plan--602.279.1011
Annual payment plan--602.279.1011


Wayland Credit Agreement

All expenses must be paid in full at registration unless alternate funding is applied for and approved.

Financial aid may cover a portion of your expenses. To pay the balance of your expenses, you may wish to enter into a payment plan to pay your expenses in three portions. The first payment is due at registration and two remaining payments are due during the term. The balance of all expenses must be paid in full by the end of the term.

If you desire a longer payment schedule to extend your payments beyond the end of the term, you must apply to programs with agencies outside the University. The Federal Stafford Loan program is one example -- payments begin six months after you cease to be enrolled in school at least half-time (6 Hours). Other options exist that require monthly payments while you are in school. If you plan to utilize one of these programs, you must apply early enough to have the funds ready for payment of your expenses at registration.

Contact the Financial Aid Office at (940) 855-4322 for detailed information and application forms for external loan programs.

Payment Procedure
The three-payment plan is available at registration. Wayland Baptist University administers the plan. (Registration materials are available in the Business Office.) The balance due is determined as follows:

  • TOTAL semester expenses MINUS Financial Aid & Scholarships (Applied & Pending)
  • EQUALS Student Balance Due
The plan is available for the Fall and Spring semesters. The enrollment fee is $5 per class (not to exceed $25) for each Fall and Spring semester. Books are not included in the payment plan.

The amount of each installment due is dependent upon confirmed financial aid at registration. Confirmed financial aid awards are those which have been listed on the official Award Letter from the Financial Aid Office and accepted by the student. Confirmed financial aid can either be "applied", meaning the money is ready to apply to the student account; or "pending", meaning eligibility is finalized but funds will be applied to the student account after further action is taken. Confirmed financial aid is deducted from student expenses at registration to determine the amount of payment due. Estimated or recommended financial aid cannot be processed at registration. Students who are approved to receive a "pending" form of financial aid, but do not take proper action to have this aid applied to semester expenses, will assume responsibility for additional payment. Examples include: work study funds not earned; Federal Stafford Loan funds not received from the lending institution; and scholarship eligibility requirements not met. Each of these would require a student to make additional payment to compensate.

Students who desire to pay expenses on an installment basis MUST apply all Financial Aid awards, including work study and institutional work proceeds, to their student account. Excess financial aid can be released to the student ONLY AFTER the account is paid in full. Academic transcripts and diplomas are not released until a student account is paid in full.

Withdrawal/Refund Policy
A $10 administrative fee will be charged for processing each course dropped. No refund is given for audit classes or course fees. See important note below

Tuition
All tuition previously charged to the student account for a course will be refunded when a student drops the course:
  • Before and during the first official week of the course in terms 10 weeks or more in length.
  • Prior to the second class meeting in terms less than 10 weeks in length.
However, a $25 administrative charge is charged to the account balance.

Two-thirds of tuition previously charged to the student account for a course will be refunded when a student drops the course:

  • During the second official week of the course in terms 10 weeks or more in length.
  • Prior to the third class meeting in terms less than 10 weeks in length.
One-third of tuition previously charged to the student account for a course will be refunded when a student drops the course:
  • During the third official week of the course in terms 10 weeks or more in length.
  • Prior to the fourth class meeting in terms less than 10 weeks in length.
None of tuition previously charged to the student account for a course will be refunded when a student drops the course:
  • After the third official week of the course in terms 10 weeks or more in length.
  • After the fourth class meeting in terms less than 10 weeks in length.

Room and Board
Refunds on room and board will be made on a prorated basis. Refund amounts are based upon original amounts charged--not upon the amounts of payment made on the account.

Important Note
After completing registration, you are a Wayland Baptist University student with all costs payable in full. If you obtain loans (Federal Perkins, Federal Stafford, etc.) to fulfill payment requirements, those loans must be repaid according to the program's provisions. To qualify for most financial aid, enrollment of at least six hours is required. If withdrawal from school before the term end is necessary, please investigate the financial implications of your decision before withdrawing.

Payment Schedule
Each payment is one-third of the balance due

Term First payment Second payment Third payment
Fall Registration October 1 November 1
Winter Total balance is due at registration
Spring Registration March 1 April 1
Summer Total balance is due at registration