Payment Plans

PAYMENT PLANS
Monthly Payment Plan
Parents/students may be able to make annual or semi-annual arrangements, for the amount not covered by financial aid, with a University-endorsed company. By paying a nominal participation fee, parents/students may divide tuition, room and board charges into equal installments. The annual plan allows for 10 monthly payments and the semi-annual plan allows for 5 monthly payments.  These plans are interest free.

  • Parents/students seeking an annual plan for both the Fall and Spring semesters should apply in May.
  • Parents/students seeking a semi-annual plan for the Fall semester only, should also apply in May.
  • Parents/students seeking a semi-annual plan for the Spring semester only, should apply in October.

For your convenience, applications are available on-line through CashNet Tuition Pay.

https://commerce.cashnet.com/morganpay


 CashNet Open Enrollment for Spring 2020 is now AVAILABLE.

Frequently Asked Questions:

When does this plan begin?
- The contract goes from November 1 to March 1, 2020.

How many payments can I make?
- This plan allows you to make 5 equal installments.

Is there a fee to sign UP?
-Yes, the fee is $35.

Can I use my credit card?
No. Unfortunately we are not taking credit card payments at this time.

How do I determine the correct contract amount?
Select courses for the semester, Check your account balance via WEBSIS-make sure all charges are listed (tuition, fees, room and board if applicable-),
Subtract the net amount of all awared and accepted Financial Aid. The difference should be the plan amount.

Does the plan charge late fees or interest?
The plan is interest free; however, if your payment is late CASHnet will assess a late fee.

Can I use ACH/EFT payment method?
Yes.

Is there an additional fee for ACH/EFT?
No

Can I set-up an auto-pay?
Yes, Cashnet can process scheduled payments.

Can I include an allotment for books and supplies in my contract?
No, books, supplies, fines, etc must be addressed directly with the University.

If my aid has not been awared yet can I complete a contract?
Yes, however, we recommend completing the contract for the entire balance and then requesting an adjustment once aid has been awarded to avoid possible cancelation of schedule.

Can I receive a refund if my contract is more than needed?
Yes, however, a refund will not be issued until the funds have been posted and the account shows a credit balance.


University Plan
The deferred payment plan is an arrangement available through the Bursar's Office. Generally, a minimum of 80% of all charges (tuition, fees, room and board) is due to finalize registration. Only 20% may be deferred and divided into two equal installments to be paid on dates established at the beginning of the semester. Timely payments must be made according to the standard University deferred payment agreement.  A service charge of $25 is assessed each time a deferment is granted. A late fee of $30 is charged for each late payment.  Students receiving a tuition waiver (employees, spouses and dependents) do not qualify for deferments.
 
Third Party Agreements
Third Party Agreements are defined as any external entity providing benefits/funding to a student based on an invoice.  All students using third party agreements are required to submit written verification to the Office of the Bursar prior to the semester's prescribed due dates (payment dates).
 
Acceptable Third Party Agreements:
-          Employer Tuition Assistance Program
-          Military Tuition Assistance Program
-          Pre-Paid College Plans
-          State or Federal Sponsored Tuition Assistance Programs
 
Please Note:  Tuition Reimbursement Plans based on academic performance are not acceptable Third Party Agreements.