<p>Ok, I'll be a sophomore this fall so I should have the hang of this, but I'm confused.</p>
<p>Account: Bloomington
Due Date: 07/10/2008
Amount Due: $0.00
Statement Balance: $0.00
Current Balance: $3,323.77
Current Amount Due: $3,323.77</p>
<p>So, do I owe that 3323.77 now or what? I can't really remember the difference between Amount Due and Current Amount Due, I guess =P Thanks =)</p>
<p>The $3323.77 is due, however you have options in paying it. You can pay it all now, or use the “Personal Deferment Option”. </p>
<p>Is there an installment payment option?</p>
<p>The Personal Deferment Option is available for students whose bursar accounts are in good standing. This option allows you to pay fees in monthly installments during the term. The initial bill for the fall term (due August 10th) and/or spring term (due December 10th) will calculate the minimum payment as 40% of the charges due for the current term, plus 100% of any prior term charges. Subsequent bills will calculate the minimum payment as 50% of the charges due. The balance of the charges will come due on the following monthly bill. The deferment will be offered each month until the last billing cycle for that term (due November 10th for fall & March 10th for spring) at which time all charges will need to be paid in full. Please note that installment amounts will vary with each opportunity to participate based on your actual bursar account balance.</p>
<p>Note: Your minimum payment for the Personal Deferment Option has been calculated using your anticipated financial aid, if any. The minimum payment, therefore, must be paid from personal funds.</p>
<p>Is there a cost involved in using the Personal Deferment Option?</p>
<p>A $30 service charge is assessed to students who elect the Personal Deferment Option for the initial term billing (due August 10th for fall term and December 10th for spring term). An additional $15 is assessed for each month during the term you choose to continue using the deferment option.</p>
<p>Also, note that your due date is 7/10 (that means that you owe zero by July 10th–which has now passed). If you check out your new bill (you can see this on onestart), it will tell you that you owe something like $1,600 by 8/10–or you have to pay the entire $3,323.77 to avoid paying the extra $30 deferment charge.</p>
<p>Also, be aware that you can deduct any financial aid (grants or loans) and any scholarships from the amount owed (divide this by two, though–since they will split your package between the two semesters).</p>