I [name of student], hereby agree to pay the balance of my tuition and fees by one of the two options stated in this agreement.  I understand that the Installment Payment Option is offered for the FALL and SPRING semesters ONLY. 

I further understand that there is NO Installment Payment Option for the MayMester and Summer sessions.  Full payment for these sessions is required for all registered classes and any schedule changes prior to the last day of late registration.

OPTION 1.  I may choose to pay/and or use financial aid to pay my balance in FULL prior to the first day of classes.

• I understand that any change in my class schedule may affect my charges.
• If I add a class, I will pay/and or use financial aid to pay the FULL amount due for the added class on or prior to the last day of late registration as stated in the academic calendar. 
• Failure to pay in full will constitute acceptance of the Installment Payment Option.

OPTION 2.  FALL AND SPRING SEMESTERS ONLY - I may choose to pay my balance on the Installment Payment Option.  By doing so I agree:  

• To pay and/or use my financial aid award to cover a minimum of 25% of my balance by the payment deadline before classes begin.
•  I will pay the remaining balance in 3 installment payments on or before the due date specified for each installment.  
• If I add a class, I must pay for the added classes in full, or contact the Bursar's Office to determine and pay the minimum amount due and that payment must be made on or before the last day of late registration as stated in the academic calendar.
• I understand that INSTALLMENT AMOUNTS MAY CHANGE over time to account for any new charges, payments, or financial aid adjustments.   
• I also agree to pay the payment plan setup fee of $15.00 and that it will be calculated in my initial payment.
• I understand that a $15.00 late fee will be assessed for each installment payment that is late.   
• I understand that I must enroll for this option online through Portal>WebAdvisor>Pay Online and that the entire down payment must be made prior to or at the time of enrollment in the plan.
• I acknowledge that by signing this agreement, Texas Woman's University, has the right to enroll me in the Installment Payment Option should I make the minimum required payment but fail to complete the online enrollment process through Portal>WebAdvisor>Pay Online.

THIRD PARTY BILLING I understand that it is my responsibility to submit to the Bursar's office any third party letter of credit or payment agreement at least one week prior to the beginning of classes for a term.  I understand that the University will apply to my charges advance credit based on the terms of the letter/agreement and that the University will bill the third party after the last day to withdraw from a semester and receive a refund.  I further understand that I am responsible for any portion of charges that are not paid by the third party and that the balance must be satisfied before I will be allowed to register for future semesters or receive official university documents.  I understand that receipt of third party benefits may affect my financial aid award and could result in an adjustment of the award.

I also understand that failure to meet the terms of this agreement may entitle Texas Woman's University to (1) refuse subsequent registration for any classes and/or drop current classes, (2) withhold grades, diplomas, or transcripts from being released until the unpaid balance and other collection costs are paid in full.

I understand that the University will turn over for collection any delinquent balance and that an additional 33.33% will be added to the balance for collection charges.

I further understand that my student account is considered by TWU, a non-profit institution of higher learning, to be an educational loan made to me to assist in the financing of my education, and therefore is not dischargeable under the United States Bankruptcy code.

A STUDENT WHO FAILS TO MAKE FULL PAYMENT OF TUITION AND FEES, INCLUDING ANY INCIDENTAL FEES, BY THE DUE DATE MAY BE PROHIBITED FROM REGISTERING FOR CLASSES UNTIL FULL PAYMENT IS MADE.  A STUDENT WHO FAILS TO MAKE PAYMENT PRIOR TO THE END OF THE SEMESTER MAY BE DENIED CREDIT FOR THE WORK DONE THAT SEMESTER.