myPAYPLAN Terms and Conditions 2020-2021 | Business Office
E-sign Disclosure: Use of Electronic Records and Signatures
These terms and conditions are being provided pursuant to the federal Electronic Signatures in Global and National Commerce Act (“E-Sign Act”) codified at 15 USC § 7001 and applicable state law. You are a consumer being asked to electronically consent to a monthly payment arrangement with Carroll University. If you do not wish to consent to the use of electronic consent, please see the Business Office.
You may withdraw your continuing consent by contacting the Business Office. Withdrawing your consent, will also withdraw you from the monthly payment plan option (myPAYPLAN).
Terms and Conditions
The university offers a Monthly Payment Plan of four, five or six months (myPAYPLAN). This Plan allows students and their families to pay tuition, room, board, fees and other charges to the student’s account in equal monthly installments for the current semester. Failure to make two of your monthly installment payments may result in Carroll University withdrawing you from the payment plan, at which time the balance due on your student account will be due in full. Students must sign the Statement of Financial Responsibility, Student Payment Agreement and Disclosure Statement, including the Credit Agreement and Note, before enrolling in myPAYPLAN.
A $50.00 myPAYPLAN set-up fee will be charged each semester. This amount cannot be added to the payment plan calculation for the applicable session. The student will be sent a statement monthly. Payments, credits, or changes will be reflected on the student's next monthly statement. The $50.00 myPAYPLAN set-up fee is a “non-refundable” fee.
Payments made on student accounts using a credit or debit card will be subject to a convenience fee of 2.75% on domestic cards and 4.25% for international cards.
Late Fee and Collection Costs
Monthly payment plan arrangements are subject to late fees. A late fee of $40.00 per month will be charged if the scheduled monthly payment is not received by the due date. In addition, the university has the right to take steps to collect past due amounts, including, but not limited to, the following: prohibiting the student from scheduling classes for the following semester; withholding course credits; academic transcripts and diploma until the balance is paid; turning over the student's account to a collection agency; and taking legal action. By enrolling in a payment plan, the student authorizes the university to release financial information about his/her account to those concerned with collecting the balance owing. A collection agency acting on behalf of the university may contact students regarding any outstanding balance by means of an automated calling system or a pre-recorded message at any telephone number associated with the student’s account, including wireless telephone numbers.
Use of Title IV Financial Aid
Electronically signing this document will authorize the use of financial aid funds, and/or Title IV financial aid funds, to pay for non-education charges including, but not limited to, late fees, collection costs, library fines, parking fines, damage charges, student service fees, athletic charges, housing cancellation fees, and conduct fines assessed to your student account. Students may rescind this authorizaton at any time by submitting written notice to the Carroll University Business Office.