Payment Plan

Colleges and Universities A-Z University of Virginia
1

<p>This question is for anyone who has used the QuickPay 5 mo payment plan. </p>

<p>So, May 31 is the supposed sign up deadline, and I went in yesterday simply to "sign up". Going through then you hit the section where it says Estimate Costs and you are supposed to fill in the values for tuition, fees, R&B, etc as well as your financial aid info. Even though this says Estimate, when you get to the end there is a very official form displayed (looking like a 0% intest loan document) showing exactly what you'll be automatically charged each month, beginning June 5th, and asking you to accept/sign the form. </p>

<p>But... We don't have a final cost/bill yet, nor do we have final FA values (still can't even Accept the aid that was offered in SIS because its not final) so is QuickPay truly trying to have me agree to a fixed value payment plan based on my own guesses? If I'm too high or low will/can payment be adjusted, credited, will I be billed for the difference later if I guess too low, etc. or how is that handled? And a related question: are FA loans to be entered as part of the university FA value (my assumption) or are those paid to us and we we have to pay that amount as part of our payment. The process here seems a little backwards since values aren't available yet, and I'm honestly not sure what I'm agreeing to. Thanks for any insights.</p>

2

<p>Ah, well… may have answered my own question - didn’t read far enough in the “schedule” page: </p>

<p>

</p>

<p>PS - If you don’t use the payment plan, does anyone know: when are Fall full payments usually due? So, for example, using the payment plan your final payment is due Oct 5. But if you don’t use the payment plan, is your full Fall payment due prior to that, for example in August? Thanks.</p>

3

<p>We usually make the fall payment in mid August. If you’re paying in a lump sum and have any loans/financial aid you want to wait until that has been applied to your account. In checking records, we paid last fall’s tuition on 8/20. The year before, 2011, I know it was earlier because classes started earlier.</p>

4

<p>Thanks. So, it looks like the disadvantage to the plan is you start paying earlier - but the advantage is it continues longer (into Oct) to spread it out. Not sure if that’s necessary, but worth knowing. Thanks again.</p>