<p>My Fall Deduction (Loans + Scholarships/Grants) is $27,368 and my Total Fall Expenses is $9,990. It says that I needed to subtract my Total Deduction from Total Expenses to arrive at my Fall Payment Plan Amount which came out to be $17,478. Im planning on doing the 5 payment plan that my college offers which means that one month is $3,495.6 for 5 months? Is that right? I find that hard to believe. Can anyone explain this to me? Btw I've already tried calling my school's financial aid office but their office are busy all the time.</p>
<p>^You need to pay the school $9,990, but you have financial aid of $27,368; so there will be $17,478 refund back to you.</p>
<p>Are you sure you only need to pay $9,990 to school or $27,368 financial aid is for Fall and Spring terms?</p>
<p>Yes the $9,990 is the tuition per semester and my financial aid is $27,368 for fall and spring. What I’m confused about is the Fall payment which is $17,478, I divide this by 5 to arrive at my monthly payment which is $3,495.6 for 5 months.</p>
<p>I don’t get it, why would I need to pay that much if the tuition for fall is only $9,990?</p>
<p>Bad math.</p>
<p>Fall tuition & fees are $9990
Fall financial aid is $13,684 (27368 / 2)
Fall balance due is -$3694</p>
<p>The “-” in front of $3694 means you’re getting money back.</p>
<p>Oh thank you, so should I put the negative sign for my Fall Monthly Payment Amount?</p>
<p>^No payment required, so you don’t need to setup the Payment Plan.</p>