the payment plan

Post on 15-May-2015

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The Payment Plan

The Types and the Purpose of the Payment Plan

There are two kinds of payment plans at State Fair Community College

• The Regular Payment Plan (2 to 4 easy installments)

• The Deferred Payment Plan (Financial aid students)

The Purpose of the Deferred Payment Plan

Reason Number OneIt allows students who are receiving financial

aid to attend classes without having to pay for their tuition and fees out of pocket

Financial aid is only released when ‘we’ can show that not only are the students enrolled in classes but are attending. 

The Purpose of the Deferred Payment Plan

Reason Number Two

Insurance for the college:  The deferred payment plan requires that a student supply a secondary means of payment for their balance – credit card, debit card, savings, or checking account. 

 

The Fees for the Payment Plan

Cost for setting up payment plan = $25

Regular Payment Plan: $ 25 will be charged immediately on the debit, credit or checking account that was used to sign-up for the payment plan

Deferred Payment Plan: This amount will NOT be deducted at the time they sign up for the payment plan.  It will be tacked on to their semester balance and if their financial aid is in order, their financial aid will pay for the fee.

Steps to sign up for the deferred payment plan

13 easy steps developed by the Business office

1. Login to MySTAR

2. Choose the “Student” tab.

3. Choose the “Payment Center”

3. Be sure all pop-up blockers have been disabled.

4. Choose the “Payment Plan” option from the menu bar at the top of the screen.

5. Choose the “Enroll Now” button under the Available Payment Plans heading.

6. Select the appropriate term from the “View Plans for Term” drop down box

7. Select a payment plan from the drop down box and click the “Select” button.

8. Review the payment plan details and click the “Continue” button.

9. Choose “Display Payment Schedule” to see payment dates and amounts.

9. Click “Continue”

10. Select a payment method.

If you have previously saved a payment method and wish to use the same method again, choose the name of your saved payment method from the drop down box.

11. Enter your MasterCard, VISA, Discover, or electronic check information. (Note: You cannot name your payment method “credit card” or “debit card”. You must include another word in the payment method name.)

12. Read the payment agreement, print if desired, and choose the “I Agree” button. Click “Continue”.

13. You should receive a confirmation message that you have successfully enrolled in the payment plan.

Steps to sign-up for the regular payment plan

13 easy steps developed by the Business office

The first 7 steps are identical in setting up for both the payment plans (Regular and Deferred payment plan)

Steps 11-13 were borrowed from the Deferred Payment plan set-up

8. Review the payment plan details.

Reviewing the payment plan description

Choose select and pick your plan

I chose the 3 installment payment plan

9. Choose “Display Payment Schedule” to see payment dates and amounts.

Click Continue

10. Select a payment method.

If you have previously saved a payment method and wish to use the same method again, choose the name of your saved payment method from the drop down box.

11. Enter your MasterCard, VISA, Discover, or electronic check information. (Note: You cannot name your payment method “credit card” or “debit card”. You must include another word in the payment method name.)

12. Read the payment agreement, print if desired, and choose the “I Agree” button. Click “Continue”.

13. You should receive a confirmation message that you have successfully enrolled in the payment plan.

Kavita Pillai

Review for the payment plan

Students MUST sign up for a payment plan each semester they enroll in classes.

If SFCC has received their FAFSA application, the student will be able to sign up for the Deferred Payment Plan.

The Deferred Payment Plan allows students to attend classes without having to pay anything out of pocket (tuition, fees) while their Financial aid is ‘processing.’

Always remind students to check their SFCC emails for information regarding their payment plan and also financial aid.

As always, refer them to the business office if they have any questions at businessoffice@sfccmo.edu or 660-530-5826

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