Payment Plan Information

Payment Plan Information

Payment Plan Information

Payment Plan is offered as a tuition payment option by KVCC for Fall and Winter semesters only if you are unable to pay your tuition and fees in full (Payment Plan is NOT offered for Summer semester).
Enrollment for Payment Plan and the initial payment must be made in person by the student at the Financial Services Office at Texas Township or Anna Whitten Hall Campus.
You can make installments and final payment in person at Pay Station/Cashiers Office (Texas Township/AWH Campus), mailed in or online using credit card or checking/saving account.

REQUIREMENT FOR ENROLLMENT

  1. Student must be registered for a minimum of 4 contact hours for the semester.
  2. Fill out Payment Plan Enrollment Form (available at Financial Services Office – Texas Township/AWH Campus).
  3. Sign a Promissory Note, promising to pay for the remaining balance of the tuition by the scheduled date.
  4. Pay initial payments + $30 non-refundable Payment Plan Fee on the day you signed up. (see options below).

CHANGES ON STUDENT’S ACCOUNT BALANCE DUE TO ADD/DROP CLASSES

  1. If the amount due to KVCC changes due to added contact hours, tuition must be paid according the percentage of payment plan option chosen.
  2. Reduction in contact hours during the official drop/add period will result in reduction of the next installment payment or final payment. FAILURE TO ATTEND CLASSES OR WITHDRAWALS AFTER REFUND PERIOD WILL NOT REDUCE THE AMOUNT OWED TO KVCC.
  3. Financial Aid, scholarship and/or loans will be applied to any outstanding balance first before any refunds can be issued to students.
  4. Any refunds to student’s accounts will be processed approximately 2-3 weeks after the semester starts. (Financial Aid students will receive their refunds on the ValleyOne card. Credit card payments will be credited back to the credit card; other refunds will be mailed to student’s address on file at KVCC).

DELINQUENT ACCOUNTS

  1. Failure to pay the balance of tuition by the due date will put student’s account in delinquent status.
  2. A HOLD will be placed on the student’s account. This hold will prevent the student from any registration activities, graduation and requesting official/unofficial transcript until the account is paid in full.
  3. Students with a delinquent account status will not be entitled to enroll in the Payment Plan for one year after the account is paid in full.
  4. KVCC will pursue collections of delinquent accounts and the default will be reported to the Credit Bureau.

Winter 2016 Payment Plan Options

KVCC offers several payment plan options as outlined below.  Examples are provided to assist you with your decision.

Final payment due date is Monday, December 14, 2015 by 7:00 p.m. if you wish to pay in full.
Additional payments can be made prior to any payment plan due date.

Start early and pay less down:


Option 1:  15% down with 5 payments - Initial payment due date 10/26/15

Example:  15 Contact Hours at $95 each = $1,425 + $105 fees = $1,530

Due Date

Percent of Total

Payment

Pay Plan Fee

Total Due

Oct 26

15%

$229.50

$30.00

$259.50

Nov 16

15%

$229.50

 

$229.50

Dec 14

15%

$229.50

 

$229.50

Jan 4

15%

$229.50

 

$229.50

Jan 25

20%

$306.00

 

$306.00

Feb 15

20%

$306.00

 

$306.00

TOTALS

100%

       $1,530.00

$30.00

       $1,560.00

 

 

 

 

 

 

 

 

 

 

Spread your tuition over 5 equal payments:

Option 2:  20% down with 4 equal payments - Initial payment due date 11/23/15

Example:  15 Contact Hours at $95 each = $1,425 + $105 fees = $1,530

Due Date

Percent of Total

Payment

Pay Plan Fee

Total Due

Nov 23

20%

$306.00

$30.00

$336.00

Dec 14

20%

$306.00

 

$306.00

Jan 4

20%

$306.00

 

$306.00

Jan 25

20%

$306.00

 

$306.00

Feb 15

20%

$306.00

 

$306.00

TOTALS

100%

       $1,530.00

$30.00

       $1,560.00

 

 

 

 

 

 

 

 

 

 

The 50/50 Option:

Option 3:  50% down & 50% due 2/15/16 - Initial payment due date 12/14/15

Example:  15 Contact Hours at $95 each = $1,425 + $105 fees = $1,530

Due Date

Percent of Total

Payment

Pay Plan Fee

Total Due

Dec 14

50%

$765.00

$30.00

$795.00

Feb 15

50%

$765.00

 

$765.00

TOTALS

100%

       $1,530.00

$30.00

       $1,560.00