Payment Plan

All students must complete a Credit Agreement to participate in the Payment Plan.

All expenses must be paid in full by the first day of class 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 a $50 fee is applied for a payment plan fee. The first payment is due by the first day of class 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.

Contact the Financial Aid Office at (806) 291-3520 for detailed information and application forms for student loan programs.

The three-payment plan is available at registration. Wayland Baptist University administers the plan a $50 fee is applied for a payment plan. Contact the Business Office at 806-291-3445 for details. The balance due is determined as follows:

 • TOTAL semester expenses MINUS Guaranteed Financial Aid and; Scholarships

 • EQUALS Student Balance Due

The plan is available for the Fall and Spring semesters. Failure to make payment as scheduled will result in a non-refundable fee of $50 for each late payment.   Books are not included in the payment plan.

The amount of each installment due is dependent upon guaranteed financial aid. Guaranteed financial aid awards are those which have been awarded from the Financial Aid Office and accepted and guaranteed by the student.   Guaranteed financial aid is deducted from student expenses to determine the amount of payment due.

Students who desire to pay expenses on an installment basis MUST apply all Financial Aid awards, 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.