Payment Plans - Office of University Bursar

NSU PAYMENT PLAN ■ A student may request enrollment in one of the following payment plans: a 4-month fall only, a 4-month winter only, a 4-month fall/winter combination (8 months), a 3-month spring only, or a 3-month summer only payment plan. Each payment plan request must be submitted online at nova.edu/myplan prior to the deadlines published below. Each request must be accompanied by a nonrefundable enrollment fee of $75. Requests from students who do not meet the payment plan enrollment requirements outlined below will be denied. It is extremely important that students carefully review all payment plan information before submitting a request. ■ If a parent, guardian, or other person will be making payments on the student’s behalf, NSU requires that this fiscally responsible person sign the Payment Plan Contract in addition to the student signing the contract. The student is also required to submit a completed Authorization for Release of Information (ROI) form for the fiscally responsible person. The form is available on the registrar’s website at nova.edu/registrar /forms/release_of_information.pdf. ■ The amount to be deferred under the contract is calculated based on gross federal loan amounts, if applicable. The student is responsible for paying any applicable loan fees. Information on loan fees is available on the financial aid website at nova .edu/financialaid . ■ Students may defer payment for balances remaining on their account after all discounts, financial aid awards/resources, and other credits have been applied. The amount a student may defer under the NSU Payment Plan is based on the information available on the student’s account at the time the Office of the University Bursar creates the Payment Plan Contract. The amount deferred is calculated as follows: Estimated Costs - Funding Sources = Amount to be Deferred Estimated costs include, but are not limited to, tuition, fees, insurance, housing, and meals. Funding sources may include grants, scholarships, and loans, as well as other sources such as the Florida Prepaid College Plan. ■ Students eligible for an NSU Payment Plan will have a Payment Plan Contract sent to their NSU email within three to five business days (unless the university is closed) after submitting the online request. The student must sign the contract and return it, along with the first payment of the plan, within five business days. The contract becomes valid and binding when 1) the Office of the University Bursar receives the Payment Plan Contract signed by the student (and the fiscally responsible person, if applicable), 2) all postdated payments in accordance with the payment plan schedule (checks or credit card authorizations) have been received, 3) the first payment has cleared, and 4) the student has a completed ROI form on file with Enrollment and Student Services (ESS) for the fiscally responsible person, if applicable. ■ Registration activity or changes in a student’s financial aid award are likely to change a student’s outstanding balance with the university. It is the student’s responsibility to notify the Office of the University Bursar of any changes on the student’s account affecting the final balance owed. Withdrawal from classes does not void the contract, unless the outstanding balance has been paid in full. ■ In the event of a change in either costs or funding sources after the NSU Payment Plan Contract has been signed, adjustments will bemade to the final payment due. If the student’s outstanding balance decreases, the Office of the University Bursar will issue a refund after the outstanding payment plan and student account balances have been satisfied. If the outstanding balance increases, it is the student’s responsibility to pay the difference at the time the final scheduled payment is due. ■ Declined payments will result in a $25 fee and a hold on the student’s account. Holds restrict all student services, including, but not limited to, ordering transcripts and registering for future classes. The student will be notified of the declined payment, and that payment must be rectified within 30 days by credit card, money order, or cashier’s check. ■ Failure to make an installment payment when due may render the contract null and void and will require immediate and full payment of all remaining charges. NSU will withhold all services from the student—including grades, diplomas, transcripts, and future registrations—until the outstanding balance has been paid in full. ■ If a student has a history of nonpayment with the university, the university reserves the right to bar a student from enrolling in a future payment plan. Payment for tuition, fees, and other institutional charges is due in full at the time of registration. However, sometimes, students may need a little extra time to meet their financial obligations. The Nova Southeastern University (NSU) Payment Plan is a voluntary payment option designed to help students in meeting their education expenses for the semester/term. NSU students (excluding international students) who wish to defer payment for the semester/term, may request to enroll in an NSU Payment Plan. Students who request, but are ineligible for enrollment in, the NSU Payment Plan will receive a notification sent to their NSU email. Various tuition assistance plans are also available for qualifying students.