Tuition Installment Payment Plan (TIPP)

 

A New UTC Tuition Installment Payment Plan (TIPP)

To reduce the financial burden of large lump sum payments, we have designed our Tuition Installment Payment Plan (TIPP) as a means to enhance access to the added value of an education at a 4-year institution.

Eligibility

Students who are in good financial standing are eligible for the TIPP. 

Availability

The TIPP is available for fall and spring semesters with a four payment plan option. Students are eligible to pay by term for the part of terms in summer.  The payment plan will be available for students enrolled in the summer full term (12 weeks) with a three payment plan option.


How the plan works

When the student signs up, a nonrefundable $30 UTC TIPP enrollment fee will be assessed. The $30.00 enrollment fee and the initial 1/4 or 25% of the student’s balance are due at the time of enrollment. A $50.00 late fee will be assessed on each installment not received by the due date.

Fall and Spring Semesters

The 1/4 amount due is based on the student’s balance after all assessments such as tuition, fees, housing and meal plans minus any financial aid, scholarships and/or third party assistance or credits are applied.  An enrolled student must pay on or before the day fees are due to prevent a cancellation of courses for non-payment. Students who register after cancellation for non-payment may also participate in the tuition installment plan by paying the $30.00 UTC TIPP enrollment fee and 1/4 of the balance at the time of enrollment. The remaining 3/4 balance is due in three remaining monthly payments,  due the 1st day of each month for three consecutive months after the first official day of classes. (These dates would be published each semester). 

Summer Sessions

When the student signs up, a nonrefundable $30 UTC TIPP enrollment fee will be assessed. The $30.00 enrollment fee and the initial 1/3 or 33.33 % of the student’s balance are due at the time of enrollment.  The 1/3 amount due is based on the student’s balance after all assessments such as tuition, fees, housing and meal plans minus any financial aid, scholarships and/or third party assistance or credits are applied.  An enrolled student must pay on or before the day fees are due to prevent a cancellation of courses for non-payment. Students who register after cancellation for non-payment may also participate in the tuition installment plan by paying the $30.00 UTC TIPP enrollment fee and 1/3 of the balance at the time of enrollment. The remaining balance is due in two remaining monthly payments, due the 1st day of each month for two consecutive months after the first official day of classes. (These dates would be published each semester).

Example Payment Schedule based on  Fall, Spring, Summer Semester Dates:

Fall 2016 payment dates

1/4 by August 11th (billed July 19), 1/4 September 1st,
1/4 October 1st, 1/4 November 1st  

Spring 2016 payment dates
(Subject to change)

1/4 by December 14th (billed November 16), 1/4 February 1st
1/4 March 1st, 1/4 April 1st  

12 week summer 2016 term payment dates (STC)

1/3 by May 11th, 1/3 June 1st, 1/3 July 1st