3-27-98

Contacts:
Joan Thompson, University Treasurer, (515) 294-6854
Diana Pounds, University Relations, (515) 294-4845

12-MONTH PAY PLAN NOW AN OPTION FOR ISU STUDENTS

AMES, Iowa -- Iowa State University students have a new option for paying their university charges -- a 12-month installment plan. The new plan allows students to pay fall and spring university charges in 12 monthly installments.

"With the addition of the 12-month payment plan, Iowa State now offers students three options for paying their university expenses, said Joan Thompson, university treasurer. "We wanted to provide students more flexibility, so they can select the payment plan that is most convenient for them.

Students who wish to enroll in the 12-month plan must complete an application and calculate a budget for the year. The application and first payment deadline is May 15. The budget may include tuition, room and board (in the residence halls) and other miscellaneous fees. Students also may opt to budget for textbook and educational supplies purchased at the University Book Store on the 12-month plan, Thompson said.

There is a $30 non-refundable enrollment fee for the 12-month plan. For more information or to enroll in the plan, contact the Receivables Office at (515) 294-7388.

Iowa State also continues to offer two other payment plans for students -- a two-payment plan and a six-payment plan. Under the two-payment plan, students pay each semester's charges in full. The fall semester bill is due Sept. 15. The spring semester bill is due Feb. 15.

Under the six-payment plan, students pay each semester's charges in three monthly installments. This plan includes a $15 administrative charge each semester. Students who don't enroll in the 12-month plan or pay semester charges in full on the due date are automatically enrolled in the six-payment plan, Thompson said.

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Revised 3/27/98