Detailed Information

Eligibility

To be eligible for the Deferred Payment Plan, each participant must make a minimum down payment of 50% of the registration fees for the semester plus the $20 service fee. Prior term charges and non-deferrable charges must be paid in addition to the 50% payment. All discounts, financial aid, and other credits must be applied to the student’s account before the 50% is calculated. Account balances less than $100 are not eligible for deferred payment.

A student who had failed to make timely payment in a previous term may be denied the right to participate in the deferred payment plan in future enrollment periods. A student who is denied participation may be allowed to participate again only after completion of payment in full for 2 consecutive terms which allow deferments. Any student who makes payment with a check that is subsequently returned may be denied participation in the Deferred Payment Plan in all future terms.

Terms

The amount deferred will be payable in two monthly installments. Please note that Pellissippi State 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 and the remaining balance due MUST be $100 or greater 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Students WILL NOT be withdrawn from classes for failure to pay the 2nd or 3rd installments. However, Pellissippi State will withhold grades and transcripts until current payments are made. Also, the balance must be paid in full before the student can pre-register for future terms even if pre-registration is prior to the due date.

Service Charges and Fines

Each participant will be charged a $20 non-refundable service fee each term to defray administrative costs. This fee is payable along with the 50% 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. Students who make payments with checks that are returned will be charged a $30 returned check fee as well as any applicable late fees.

If a payment is not received in Student Account Services by the scheduled payment due date, Pellissippi State will withhold all services from the students, including grades, transcripts, and future registration until the fees have been paid in full including any assessed late fees. Unpaid accounts are subject to referral to a collection agency and reporting to the credit bureau.

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

Students who desire to participate in the Deferred Payment Plan should pay the minimum amount due. Students may pay the full amount due or the minimum payment with a MasterCard, VISA, Discover, American Express, or by Check by logging into myPellissippi. Payment may also be made by mail, or in person at Student Account Services during normal office hours.

Refunds/Withdrawal from Classes

Students who drop or withdraw from classes may still have a balance due under the deferred payment plan. Fees are adjusted based on the drop or withdrawal date. The refund percentage is NOT applied to the balance due, but rather as a percentage of adjustment of total fees. A refund would only be issued to the student if the newly adjusted amount of fees is less than the amount that has been paid by the student.

To avoid late fees and ineligibility for the deferred payment plan in future terms, the student should continue to make payment by each due date. Contact Student Account Services for the new payment amounts after drop or withdrawal. Remember, withdrawal from classes does not negate the student’s responsibility to pay the balance of fees after the semester has begun.

Added Classes After Fee Payment

Additional fees for classes added after fee payment are due before the late registration fee payment deadline, or on the same day the class is added if after late registration. Any unpaid fees after this date will be processed as a deferred payment plan. The $20 Deferred Payment Plan service fee and any applicable $25 late payment fees will be charged.