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Payment Plans:

OPTION #1:  Payment in Full: 

When are payments due?           

Fall semester is due by August 1,

Spring Semester is due by January 1,

Summer Semester is due by May 1

 

What Payment Methods are available?

  • Mail your check:

Attn:  Business Office Kansas Wesleyan University, 100 E. Claflin Ave. Salina, KS  67401-6196 (Mon-Fri 8AM-5PM CT)

                        Be sure to include your Coyote’s name and KWU Student ID #.

 

  • Pay by Credit/Debit Card:

Telephone 785-833-4347 Business Office at KWU.  Speak with any member of the staff. 

They can take your credit/debit card information and process the payment.

 

  • Pay Online: 

Go to www.kwu.edu.  Log onto MyKWU > Student > Financial Info >

Scroll to below MyAccount Balance to the hypertext link “Make a Payment” and follow the online instructions. 

Be sure to indicate the semester for which you are paying.  (e.g.:  For the Fall semester of 2019 = FA19)

           

  • To Pay by EFT:  Contact the Business Office at 785-833-4347 for details.

 

How do I know how much to pay?

  • Your Financial Aid Award Letter presents a good estimation, or
  • Tuition Bills (“Course and Fee Statement) are mailed each term by the Student Financial Planning to the student’s home address of record. 

Fall is mailed by July 1,

Spring is mailed in late November,

Summer is emailed to the student’s KWU email account after they register in classes. 

  • Online:  Go to www.kwu.edu.  Log onto MyKWU > Student > Financial Info >

Scroll to below MyAccount Balance to the hypertext link “Course and Fee Statement” Select the semester for which you are paying.  (e.g.:  For the Fall semester of 2019 = FA19)

 

How do I notify KWU of my plan for payment of the balance?

  • Submit the Payment Selection Form for Option 1 that was attached to your award letter to finaid@kwu.edu or fax to 785-404-1485, or
  • Email finaid@kwu.edu. Be sure to include your Coyote’s name and Student ID #.

 

 

OPTION #2:  Monthly Payments: 

•  Payment schedule for Fall 2019: August 1, September 1, October 1 and November 1

•  Payment schedule for Spring 2020: January 1, February 1, March 1 and April 1


Payment Methods:

After all applicable financial assistance is applied to the student's charges for the semester, (plus the $30 fee for this program) the remaining balance is divided into four equal installments and deducted from the bank account you designate electronically.  

How do I know how much the payment will be?

The Student Financial Planning office calculates your monthly payment each month by looking at the current balance and dividing that balance by the remaining number of payments.  You will be notified by if the calculated payment amount changes.  This notice will be sent to the email address you entered on the Payment Selection Form – Option 2. 

 You can calculate this for yourself by going to www.kwu.edu and logging onto > My KWU > Student > Financial Information.  Scroll down to MyAccount Balance and select the term for which the payment is due.  An Account Statement will display.  Divide that balance by the number of payments remaining.  Example:  Prior to the third payment being drawn, the Account balance is $2,000.  Divide $2,000 by the two remaining payments (the third and the fourth) = $1000 will be drawn.

 

What if my Coyote receives additional outside scholarships or makes payments during the summer?

The Student Financial Planning office calculates your monthly payment each month by looking at the current balance and dividing that balance by the remaining number of payments.  If the Student Financial Planning Office receives documentation of outside scholarships awarded to your Coyote which contains sufficient data to enable us to add that outside scholarship to your Coyote’s Awards, we will do so.   Unless the donor’s letter instructs us otherwise, we will assume half is to be applied to Fall term and the remainder is to be applied to the Spring term.

 Whether your Coyote earns money in summer and pays toward tuition or receives additional outside scholarships, the effect is the same.  Your total remaining balance outstanding and reducing your subsequent payment(s).

 

Is interest charged on this payment plan?

No.  Only the $30.00 per term fee.  See below for fees related to late / dishonored payments, etc.

 

How do I notify KWU of my plan for payment of the balance and designate the account from which the payments will be drawn?

Submit the Payment Selection Form for Option 2 that was attached to your award letter to finaid@kwu.edu or fax to 785-404-1485.  The Payment Selection Form MUST BE signed by an Account Holder of the account from which payments will be drawn.  Attach a voided check or a print out from your bank’s website that shows the name of the account holder, the routing number, and the account number.   

Important Policies about Payment Plans: 

  1. Late enrollment in the bank draft program (after the first draft date) will require the amount of missed drafts to be paid by cash, check, or credit card before the bank draft enrollment will be accepted by KWU.
  2. Bank drafts returned for insufficient funds or closed accounts will cause the student account to be assessed a $30.00 fee.
  3. All payment plans must result in the student’s entire balance for the academic year being paid in full prior to the end of the Academic Year (June 30th) or earlier.
  4. Students who fail to pay any amounts when due are not eligible to re-enroll or receive grades, transcripts or diplomas until the accounts have been settled or a release has been given by the Office of Student Financial Planning.
  5. The university reserves the right to charge a student for damages to University property as a result of carelessness.
  6. Any and all collection effort expenses will be passed on to the delinquent student. The failure of the University to enforce these provisions at any one time or with respect to any one student shall not constitute a waiver of the right of the University to enforce it at any other time, at all times, or with respect to any other student.

 

Are there any other payment plans? 

You may want to consider the other Options:  the Parent PLUS loan <link or an Alternative Education Loan<link FASTCHOICE (a Commercial Bank Loan for Education purposes).  These loans permit loan payments to be deferred until after graduation or six months after dropping below half-time enrollment status. Interest does accrue on these loans while the student is in school and is capitalized onto the principal balance if not paid prior to the end of the year in which the interest accrues.     

 

Option 3

Option 4

Federal Parent PLUS loan

Alternative Education Loan

In the case of the Parent PLUS loan, only a biological parent, stepparent, or adoptive parent can borrow in the PLUS loan. 

The student cannot be the borrower for the PLUS Loan.

 

 

For more info and to apply Click Here

For Alternative Education loans, either a parent or the student can be the borrower but as a Commercial bank loan a fairly high FICO score and depth of credit history is required, which young college students are very unlikely to have, therefore, the student  borrower will need a co-borrower with a high FICO score and long depth of credit history.  Anyone who has that high FICO Score and depth of credit history can be the co-borrower, it does not have to be a parent or a relative. 

 

For more info and to apply: Click Here