PAYMENT PLAN

Helpful Phone Numbers
Three-payment plan--806- 291-3445
External loan programs--806-291-3520


Wayland Credit Agreement

All expenses must be paid in full by the first day of class unless alternate funding is applied for and approved.

Financial aid may cover a portion of your expenses. To pay the balance of your expenses, you may wish to enter into a payment plan to pay your expenses in three portions. The first payment is due by the first day of class and two remaining payments are due during the term. The balance of all expenses must be paid in full by the end of the term.

 

Contact the Financial Aid Office at (806) 291-3520 for detailed information and application forms for student loan programs.

Payment Procedure
The three-payment plan is available at registration. Wayland Baptist University administers the plan. Contact the Business Office at 806-291-3445 for details. The balance due is determined as follows:

  • TOTAL semester expenses MINUS Guaranteed Financial Aid and; Scholarships
  • EQUALS Student Balance Due
The plan is available for the Fall and Spring semesters.Books are not included in the payment plan.

The amount of each installment due is dependent upon guaranteed financial aid. Guaranteed financial aid awards are those which have been awarded from the Financial Aid Office and accepted and guaranteed by the student.   Guaranteed only financial aid is deducted from student expenses to determine the amount of payment due.

Students who desire to pay expenses on an installment basis MUST apply all Financial Aid awards, , to their student account. Excess financial aid can be released to the student ONLY AFTER the account is paid in full. Academic transcripts and diplomas are not released until a student account is paid in full.

 

Withdrawal/Refund Policy
A $10 administrative fee will be charged for processing each course dropped. No refund is given for audit classes or course fees. See important note below

Tuition

100% of tuition previously charged to the student account for a course will be refunded when a student drops the course:
*Prior to 1st class meeting, including any classes taken online

75% of tuition previously charged to the student account for a course will be refunded when a student drops the course:
*1-10 days after the 1st class meeting for terms of at least 16 weeks in length
*1-4 days after the 1st class meeting for terms 10 weeks or longer in length
*Before the second week of online classes

25% of tuition previously charged to the student account for a course will be refunded when a student drops the course:
*11-20 days after the 1st class meeting for terms 16 weeks in length
*5-12 days after the 1st class meeting for terms 10 weeks or longer in length
*Before the third week of online classes

0% of tuition previously charged to the student account for a course will be refunded when a student drops the course:
*21 days or more after the 1st class meeting for terms 16 weeks in length
*13 days or more after the 1st class meeting for terms 10 weeks or longer in length
*From the third week and beyond for online classes

A $10 administrative fee will be charged for processing each course dropped.

 

Room and Board:
Refunds on room and board will be made on a prorated basis. Refund amounts are based upon original amounts charged--not upon the amounts of payment made on the account.

Important Note
After completing registration, you are a Wayland Baptist University student with all costs payable in full. If you obtain loans (Federal Perkins, Federal Stafford, etc.) to fulfill payment requirements, those loans must be repaid according to the program's provisions. To qualify for most financial aid, enrollment of at least six hours is required. If withdrawal from school before the term end is necessary, please investigate the financial implications of your decision before withdrawing.

Payment Schedule
Each payment is one-third of the balance due

Term First payment Second payment Third payment
Spring 2014 First Day of Class February 15 March 15
Summer 2014 Total balance is due at registration
Fall 2014 First Day of Class September 20 October 20
Winter 2014 First Day of Class December 10 January 10