<p>I'm wondering if they just split up the payments or do you have to pay more? It says 20% of the payment per month, but first payment is almost 2000$ while all upfront is nearly 6000$.</p>
<p>You pay $40 more.</p>
<p>I’m confused too.
Can someone tell me if I enacted the deferred payment plan correctly?</p>
<p>First I selected Deferred Payment and paid $40.
Then I went back to my bill and paid 20% of my bill.</p>
<p>Deferred Payment addresses all the registration fees but not room and board.</p>
<p>Room and board is always charged one month at a time.</p>
<p>Registration fees are either once per semester or split over five months if you pick the deferred plan.</p>
<p>Thus, If your one-time payment amount for August is nearly $6000, it consists of BOTH one month of room/board and the entire semester registration. Moving to the deferred plan will take the registration part down to 20%, but the room and board amount stays the same. Lets take some fake numbers to illustrate. If the registration fees for Fall were 5000 and the room&board charge was 1000 per month, then your choices on the ebill for August would be 6000 (pay all at once) or 2000 (pay 1/5th of registration and the 1000 for room and board. Make sense now?</p>
<p>Ah I see. thanks rider.</p>
<p>So even if i pay upfront, every month i’ll still have a balance because of housing?</p>
<p>Exactly. The final line on the quick statement won’t go to zero unless it is all paid. I don’t know if full finaid pays the room and board up front, but anyone doing direct payments will always get the ten equal payments for room and board. Even if finaid pays all of the room and board for the semester, you will still see the spring semester obligation for room and board in your balance since it is a yearly ‘contract’.</p>