New Payment Plan Options, Effective Fall 2023
Beginning Fall 23, students and/or authorized users must select a payment plan each semester the student is enrolled. The below chart outlines the two payment plan options. Failure to enroll in a payment plan by the enrollment deadline will result in student accounts being placed into the Default Plan.
Enrollment in a Payment Plan for Fall 23 will be available on July 19th. To enroll, students may access TouchNet by navigating to the Financial Tile in myZou. TouchNet authorized users may access TouchNet via the authorized user link.
| Pay in Full Plan** | Standard Plan** | |
|---|---|---|
| Who Should Use This Plan? | Students and families utilizing 529 plans or paying out of pocket, or utilizing a combination of 529 plans, financial aid, have a third-party sponsor paying on their behalf and/or personal payments, are encouraged to enroll in this plan. | This is a budget friendly plan, allowing students and families to spread their costs out over the course of the semester. NOTE: Students who have a third-party sponsor paying on their behalf but will NOT have their authorization submitted before the first due date each semester are encouraged to enroll in this plan. |
| Enrollment Deadline | Fall semester – Sept 9th Spring semester – Feb 9th | Fall semester – Sept 9th Spring semester – Feb 9th |
| Payment Plan Due Dates | First installment of 90% of the balance is due on 9/10 for Fall semester and 2/10 for Spring semester. The remaining 10%, as well as any new charges, will be due on 12/10 for Fall semester and 5/10 for Spring semester. | Fall: 9/10, 10/10, 11/10, 12/10 Spring: 2/10, 3/10, 4/10, 5/10 |
| Set-up Fee | $0 | $50 |
| Late Fees | 1% of remaining account balance will be assessed if payment is not made by due date | 1% of remaining account balance will be assessed if payment is not made by due date |
| Scheduled Payments Required | No | Yes |
| **Failure to choose a payment plan by the enrollment deadline will result in the student account being placed in a default plan. The plan consists of three installment payments and will be assessed a higher set-up fee. Students and authorized users will receive monthly email reminders ahead of their payment due date. | ||
|---|---|---|
| Default Plan | ||
| Due Dates | Set-up Fee | Late Fee |
| Fall: 10/10, 11/10, 12/10 Spring: 3/10, 4/10, 5/10 | $200 | 1% of remaining account balance will be assessed if payment is not made by due date |