Semester Payment Plans

Please review your Michigan Tech Student Bill on MyMichiganTech before making any payments, as the amount of the payment will be adjusted if changes are made to your schedule or housing arrangements, or if there is an adjustment to your financial aid award.

Rent payments are due according to your rent contract.

Financial Aid cannot be used to make all or part of any payment, this includes private loan checks. Payments are calculated according to the balance due (total charges less all financial aid). If you receive additional financial aid, please contact the Accounts Receivable Office so that your payments can be adjusted.

Future payment plans may be denied if the student defaults on their current plan. The student will be responsible for any collection costs associated with the collection of the account balance.

Installment Prepayment Plan

This free Installment Prepayment Plan divides the estimated year's expenses into eight payments. The plan starts in May for the fall and spring semesters or in September for the spring semester only. There are four payments for each semester. Enrollment is due by the initial payment date (May 20 for the fall and spring semesters or September 20 for spring semester only). Expenses include: tuition, fees, and room and board in a University residence hall. Not included are other expenses such as: books and supplies, off-campus housing, and travel.

After enrolling in the plan, you will receive six payment coupons to submit with your payments. The fourth and eighth payments are paid with the student billing statements. The prepayment plan schedule for the 2017-18 academic year is as follows:

May 20, 2017—Payment 1 with coupon
June 20, 2017—Payment 2 with coupon
July 20, 2017—Payment 3 with coupon
August 30, 2017—Payment 4 with fall semester student billing statement
September 20, 2017—Payment 5 with coupon
October 20, 2017—Payment 6 with coupon
November 20, 2017—Payment 7 with coupon
January 10, 2018—Payment 8 with spring semester student billing statement

Fall/Spring Payment Plans

Fall/Spring Semester Five-Payment Option

This plan has a $35 enrollment fee with the first payment being one-fifth of your balance due and is due one month prior to the tuition billing due date. The remaining four payments will be due every four weeks thereafter. The contract will be on the Michigan Tech Student Bill available through MyMichiganTech and must be submitted to the Accounts Receivable Office by the date that the first payment is due. A separate contract must be submitted and approved for each semester that the student wishes to participate.

Note: If the first payment is not received on time, you will automatically be enrolled in the Four Payment Plan and charged the $50 enrollment fee (an additional $15).

Fall/Spring Semester Four-Payment Option

This plan has a $50 enrollment fee with the first payment being one-fourth of your balance due and is due on the tuition billing due date. The remaining three payments will be due every four weeks after that. The contract will be on the Michigan Tech Student Bill available through MyMichiganTech and must be submitted to the Accounts Receivable Office for approval by the semester billing due date. A separate contract must be submitted and approved for each semester that the student wishes to participate.

Fall 2017 Payment Dates
            Date           
Time
       Payment       
Number
Payment Information
Wednesday, Aug 2
4:00 P.M. Eastern

First payment -5 Pmt Plan

100% of any prior unpaid balance plus one-fifth (1/5) of the current semester's balance due. If the first payment is not received on time, you will automatically be enrolled in the Four Payment option and charged a $50 enrollment (additional $15).
Wednesday, Aug 30
5:00 P.M. Eastern

Second payment-5 Pmt Plan
OR
First payment-4 Pmt Plan

One-fourth (1/4) of the balance due. Payments made after 5:00pm on August 30 and up to 5:00pm on September 6 are subject to a non-refundable $50 late enrollment fee. If payment is not received by 5:00pm on September 6; a non-refundable $100 late enrollment fee is assessed, the student’s course schedule is dropped, and payment must be processed before the student can reschedule classes. This payment confirms the student’s enrollment for the Fall 2017 semester for both the Five and Four Payment options.

Wednesday, Sep 27
5:00 P.M. Eastern

September Payment

One Third (1/3) of the current account balance. If this or any subsequent payment is late, a non-refundable $25 late fee will be assessed and a hold will be placed on the account preventing registration and receiving of grades, transcripts, or diploma until payment is made.
Wednesday, Oct 25
5:00 P.M. Eastern
October Payment One Half (1/2) of the current account balance.
Wednesday, Nov 22
5:00 P.M. Eastern
Final Payment The remaining account balance in full. If this payment is late, the student's Spring 2018 course schedule will be dropped and payment must be processed before the student can reschedule their Spring 2018 courses.

Summer Semester Three-Payment Plan

This plan has a $50 enrollment fee with the first payment being one-third of your balance due and is due on the tuition billing due date. The remaining two payments will be due every four weeks thereafter. The contract will be on the Michigan Tech Student Bill available through MyMichiganTech.

Future Payment Plan Dates


Spring 2018 semester dates

First payment on five payment plan:
              Wednesday, December 13 by 5:00pm Eastern
Second payment on five payment plan OR
First payment on four payment plan:
              Wednesday, January 10 by 5:00pm Eastern*
Subsequent Payments:
              Wednesday, February 7 by 5:00pm Eastern
              Wednesday, March 7 by 5:00pm Eastern
              Wednesday, April 4 by 5:00pm Eastern

Summer 2018 semester dates

First payment:        Wednesday, May 9 by 4:00pm Eastern
Second payment:   Wednesday, June 6 by 4:00pm Eastern
Third payment:       Wednesday, July 4 by 4:00pm Eastern

Fall 2018 semester dates

First payment on five payment plan:
              Wednesday, August 1 by 4:00pm Eastern
Second payment on five payment plan OR
First payment on four payment plan:
              Wednesday, August 29 by 5:00pm Eastern*
Subsequent Payments:
              Wednesday, September 26 by 5:00pm Eastern
              Wednesday, October 24 by 5:00pm Eastern
              Wednesday, November 21 by 5:00pm Eastern

Spring 2019 semester dates

First payment on five payment plan:
              Wednesday, December 12 by 5:00pm Eastern
Second payment on five payment plan OR
First payment on four payment plan:
              Wednesday, January 9 by 5:00pm Eastern*
Subsequent Payments:
              Wednesday, February 6 by 5:00pm Eastern
              Wednesday, March 6 by 5:00pm Eastern
              Wednesday, April 3 by 5:00pm Eastern

Summer 2019 semester dates

First payment:        Wednesday, May 8 by 4:00pm Eastern
Second payment:   Wednesday, June 5 by 4:00pm Eastern
Third payment:       Wednesday, July 3 by 4:00pm Eastern

*Confirms enrollment for the semester