Interest-Free Monthly Payment Plan Options 2018-2019
Payment plans allow students and Authorized Users the option to spread their balance due for the fall or spring semester over a five-month payment period extending past the semester due date. Each payment is twenty percent of the net balance due for the semester. Enroll early for a discounted fee and to spread your payments out evenly. Payments are due June through October for the fall semester and November through March for the spring semester. The fee is due upon enrollment each semester. Simply enroll online when plans are available.
Change for Fall 2018 - When enrolling in a payment plan prior to the first week of July, enter the estimated amount of your payment plan for the fall semester only, when prompted by the system. Early enrollment with an estimated amount allows families to begin making more evenly spread payments at a lower fee. Estimates for the first payment in June are necessary as some students may be anticipating additional scholarships or credits to be posted to their account. This allows families additional time to finalize any requirements needed for scholarships, financial aid or other credits.
After the first June payment, all remaining payments will then be automatically calculated based upon the account balance. Please have all scholarship and financial aid documentation complete so proper credit can be applied to your account.
The payments are adjusted regularly in the overnight process if the balance changes. The balance is calculated as follows (amounts are for illustration purposes only):
|Charges per semester||$31,960|
|Less any Credits or Anticipated|
|Financial Aid posted per semester||$25,402|
|Equals Total Payment Plan Amount|
|To Be Divided Into Five Installments per semester||$ 6,558|
Plans open in mid-May for the fall and mid-October for the spring.
Details on Enrollment Dates, Fees and Payment Dates are below.
|Payment Dates |
(20% each payment)*
|Fall||by 6/24||$37.50||$70||6/25, 7/25, 8/25, 9/25, 10/25|
|after 6/24||$60||$90||6/25, 7/25, 8/25, 9/25, 10/25|
|Spring||by 11/24||$37.50||$70||11/25, 12/25, 1/25, 2/25, 3/25|
|after 11/24||$60||$90||11/25, 12/25, 1/25, 2/25, 3/25|
*If you enroll after the payment due dates, missed payments are due upon enrollment. Enroll early to spread your payments out evenly.
- Enrollment remains open 6/25-8/24 for fall and 11/25-1/24 for spring
- Undergraduate Students can find a link to assist in estimating the payment plan in the portal under Student Services, then select Payment Plan Enrollment Estimates
- Auto and Non-Auto Debit options available (Online plan payments can be made from personal checking account only)
- Plans are not available in the shortened winter and summer terms
- Participation in a payment plan does not impact financial aid
A U.S. Bank Account is required to enroll in a Payment Plan online. International Students should contact their Student Financial Services counselor if you wish to enroll in a payment plan and do not have a U.S. Bank Account.
For more information on How to Enroll in a Payment Plan, refer to the instructions at hofstra.edu/sfshowto.
Once enrolled, installments missed or paid after each remaining due date are subject to a $100 late payment fee.
For assistance in understanding your plan, you can view the details of charges and anticipated credits online through the Hofstra Portal any time or contact Student Financial Services at 516-463-8000.