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Bursar's Office

Fall 2015

Tiger Installment Plan (TIP)

Replacing the former Nelnet Deferred Payment Plan

 

What is the Tiger Installment Plan (TIP)?

The Tiger Installment Plan lets you break down bill payments throughout the semester so you have extra time to pay for school while avoiding a late fee or schedule cancellation. Current semester tuition, fees, dining, on-campus housing and other miscellaneous charges can be included in the plan. Millennium, Paca, and Tubman housing costs are excluded.

 

How does it work?

Enrollment is completed online by students or their authorized users for each term they wish to utilize an installment plan. An enrollment fee is charged based on enrollment completion date (see chart below). During sign up, you will enter e-check or credit card information that will be used to automatically process payments on the due dates of your selected plan. As is customary with all payments to Towson University, electronic ACH check payment methods have no additional fee while credit cards have a 2.75% (minimum $3) fee on the charge amount.

During sign up, all current outstanding charges for the term are automatically pulled into the selected plan (prior semester and past due charges cannot be included). Any funds that have been relayed to the Bursar’s Office by the Office of Financial Aid as disbursed or displayed on your account as anticipated will be credited towards the plan’s balance due. All plan payment amounts are determined at time of sign up, but will be recalculated (increased or decreased) prior to the final automatic scheduled payment. This is based on any balance changes that have occurred between initial plan enrollment and the final payment. This occurrence is due to financial aid that may be increased, decreased, or additional charges that may assess for the term after sign up (Ex: registration of additional classes, added meal plan, altered student housing, or other miscellaneous charges).

Any student wishing to sign up for a Tuition Installment Plan who will pay a portion of their term bill with funding that does not go through the Office of Financial Aid, such as 529 college prepaid funds, or third party payments, please contact the Bursar’s Office directly at 410-704-2100. (Please have proof of this expected funding available.)

Please note: If any scheduled automatic payment transactions are not able to be fulfilled (returned check from the bank or declined charge) a one-time per semester late fee of $150 will be assessed. All plans must be officially enrolled in by the bill due date to avoid a late fee or possible class schedule cancellation.

 

How do I sign up?

To Enroll:

Students

  • Go to Towson Online Services and login
  • Click Self Service
  • Click Student Center
  • Click Tiger Installment Plan under the Finances section
    • this will open up the TouchNet eBill and Payment system
  • Click Payment Plans in top header and follow instructions to enroll.
     

    Note: enrollment for Payment Plans will begin July 3. See chart below for specific enrollment dates.

Authorized Users

  • Go to the Bursar Homepage
  • Click Authorized User Login
    • this will open up the TouchNet eBill and Payment system
  • Click Payment Plans in top header and follow instructions to enroll

Note: enrollment for Payment Plans will begin July 3. See chart below for specific enrollment dates.

 


Schedule of Plans Available

 
Number of
Payments
e-Bill due dates
that are eligible
to enroll
Enrollment
Period
Enrollment
Fee

Down Payment

required

at sign up?

Remaining Automatic
Payment Dates
4Pay Calculated TIP
(1st Installment Due)
4
August 3rd
And
Sept. 3rd
7/3/2015
To
7/10/2015
$30

YES
(25% of term balance,

which counts as

first payment )

8/10/2015
9/10/2015
10/10/2015
3Pay Calculated TIP
3
August 3rd
And
Sept. 3rd
7/3/2015
To
8/3/2015
$40
None
8/10/2015
9/10/2015
10/10/2015
2Pay Calculated TIP
2
Sept. 3rd
And
Sept. 10th
7/3/2015
To
9/3/2015
$40
None
9/10/2015
10/10/2015
2Pay Calculated TIP
(1st Installment Due)
2
Sept. 10th
9/4/2015
To
9/10/2015
$40

YES

(50% of term balance,

which counts as

first payment)

10/10/2015




The Bursar's Office
Enrollment Service Center, Room 336 (map)
Hours: Monday - Friday, 8 a.m. - 5 p.m. (Customer Service Center)
Monday - Friday, 8:30 a.m. - 4:00 p.m. (Payment Center)

1-888-5BURSAR (toll free)
Phone: 410-704-2100
Fax: 410-704-2185
E-mail: lwarner@towson.edu

Map

Emergencies
410-704-4444

University Police
410-704-2134

Closings & News
410-704-NEWS (6397)

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