COLLEGE OF DuPAGE SPRING 2016 PAYMENT PLAN SUMMARY
Plan
Code
Payment Plan Name
Number
Setup
of
Fee
Payments
Late
Fee
**See
Deferred Payment Plans
*See
note
below
(for Students Expecting Financial Aid)
Down
Payment
Plan Enrollment
Dates
Installment Schedule
note
below
Pay
Frequency
1st
Payment
2nd
Payment
3rd
Payment
4th
Payment
First
Last
5th
Enrollment Enrollment
Payment
Date
Date
VETD
Vets - receiving aid directly
2
$0
$30
$5
Monthly
March 25 April 15
Nov. 2
March 22
VETC
Vets - aid paid to COD
2
$0
$30
$5
Monthly
March 25 April 15
Nov. 2
March 22
ALTL
Alternative Loans
2
$0
$30
$5
Monthly
March 25 April 15
Nov. 2
March 22
APPL
Appeals
2
$0
$30
$5
Monthly
March 25 April 15
Nov. 2
March 22
VERI
Verification Pending
2
$0
$30
$5
Monthly
March 25 April 15
Nov. 2
March 22
PEND
Qualified, pending
acceptance and MPN
2
$0
$30
$5
Monthly
March 25 April 15
Nov. 2
March 22
DEFR
Deferred Payment Plan
2
$0
$30
$5
Monthly
March 25 April 15
Nov. 2
March 22
Active Payment Plans
DISC
4
$25
$30
30%
Monthly
Jan. 8
Feb. 5
March 4
April 1
Nov. 2
March 22
ACM4 Active Payment Plan
Discontinuance
4
$25
$30
30%
Monthly
Jan. 8
Feb. 5
March 4
April 1
Nov. 2
Jan. 31
ACM3 Active Payment Plan
3
$25
$30
35%
Monthly
Feb. 5
March 4
April 1
Dec. 14
Jan. 31
ACM2 Active Payment Plan
2
$25
$30
45%
Monthly
March 18 April 15
Feb. 1
March 22
ACW5 Active Payment Plan
5
$25
$30
35%
Bi-Monthly
Jan. 29
Feb. 12
ACW4 Active Payment Plan
4
$25
$30
35%
Bi-Monthly
March 4
March 18 April 1
Feb. 26
March11
April 15
March 25 Nov. 2
Feb. 1
Feb. 7
March 22
*The $5 down payment is necessary to allow the system to verify the banking and checking account information entered by the student when he/she initially enrolls in the plan. This will be refunded
to the student if his/her financial aid covers the entire term balance.
**The $25 setup fee will be assessed only in the event that the financial aid amount that is transmitted to the student’s account is insufficient to cover his/her total term balance and it becomes
necessary to process installment payments.
SPRING 2016 Sessions
16-Week Session.................... Jan. 23 to May 20
First 8-Week Session.............. Jan. 23 to March 15
12-Week Session.................... Feb. 15 to May 20
Second 8-Week Session......... March 16 to May 13
FINAN-15-20238(10/15)200
Handling of NSF Checks
Students who elect to pay installments by electronic check are subject to NSF fees. After the first failed settlement attempt, we will
re-attempt settlement in 5 business days. If the attempt fails, we will contact the student and inform him/her that they must pay the
installment amount due or be dropped for non-payment and College of DuPage may re-attempt a third time in 5 business days. The
student will be charged NSF fees in accordance with their bank’s policy for each failed attempt. Nationwide, the average NSF fee is
over $31.