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Semester Payment Plans

Please review your Michigan Tech Student Bill on Banweb 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 plan allows you to prepay the fall and spring semesters' expenses in four monthly payments per semester. The plan starts in May for the fall and spring semesters or in September for the spring semester only.

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 Banweb.

Summer 2012 Dates

Date Time	Payment Number	Payment Information
Wednesday, May 2 4:00 P.M. Eastern	First payment	100% of any prior semester's unpaid balance plus one-third of the current semester's charges less the semester's financial aid. Payments made after 4:00pm on May 9th are subject to a non-refundable $50 late enrollment fee. If payment is not received by 4:00pm on May9th, the student's course schedule is dropped and payment must be processed befroe the student can reschedule classes.
Wednesday, May 30 4:00 P.M. Eastern	Second payment	One-half of the current account balance. Please note this payment may be a different dollar amount than the first payment, review your Michigan Tech Student Bill on Banweb prior to making this payment. If this or any subsequent payment is late or insufficient, 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 , June 27 4:00 P.M. Eastern	Third Payment	The remaining account balance in full. If this payment is late, the student's Fall 2012 course schedule may be dropped and payment must be processed before the student can reschedule the Fall 2012 courses.

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 Banweb.

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 Banweb.

Fall 2012 semester dates

  First payment on Five Payment plan due Wednesday, August 1 by 4:00 P.M. Eastern
  First payment on Four Payment plan/Second payment on Five Payment plan due Wednesday, Aug 29 by 5:00 P.M. Eastern*
Subsequent Payment due dates:
  Wednesday, September 26 by 5:00 P.M. Eastern
  Wednesday, October 24 by 5:00 P.M. Eastern
  Wednesday, November 21 by 5:00 P.M. Eastern

* This payment confirms the student's enrollment for both options.