Installment Plan
Purdue University |
Phone: (765) 494-3257 E-Mail: mbh@purdue.edu |
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Top of PageAvailable for Fall and Spring semesters only.
The plan offers an alternative way to ease the burden of having to make one large payment each semester. Persons wanting to participate in the plan should enroll online via myPurdue. Participants will be charged 8% APR on the amount of fees deferred per semester (average cost for enrollment is approximately $45 for students per term and will vary based upon the total amount deferred). Twenty-five percent of the amount due for tuition and fees must be paid at the time of enrollment in the plan. The remaining fees (amount deferred) will be paid in up to three equal amounts over the course of the semester. This plan is available for paying your tuition and fees, and contracted housing charges.
How does the Installment Plan Work?
1) Students who would like to participate in the plan should enroll online at myPurdue. Terms available for the plan will be provided at the time of enrollment.
2) A finance charge is applicable based upon the balance deferred after the down payment.
3) Twenty-five percent (25%) of the amount due for tuition and fees and contracted housing charges must be paid at the time of enrollment in the plan. The remaining fees, plus finance charges, will be paid in three equal amounts over the course of the semester.
4) The initial 25% payment will need to be submitted online to enroll in the plan. Each subsequent installment should be paid by the due dates provided (late fees are applicable if payments are not made by the due date). As a convenience, participants may choose to schedule each installment payment in advance via an automatic deduction from a designated bank account.
How do I sign up for the Installment Plan?
To sign up for the installment plan:
1. Log on to your myPurdue account
2. Select the "Financial" tab
3. Click on "Manage My Account"
4. Select "Payment Plans"
5. Click on "Sign up for a new Payment Plan"