Monthly Payment Plan

• Available Payment Plans
• Printable Enrollment Forms
• Payment Options
• Determining Your Monthly Payment
• Terms and Conditions

The Alfred State College Monthly Payment Plan (MPP) is designed to assist students and families in paying educational costs to the College. This plan enables families to spread educational expenses over equal monthly installments and will help families avoid additional borrowing.  Monthly Payment Plans are available for Fall and Spring semesters only. Note: Beginning Fall 2009, Monthly Payment Plans will no longer be available for International Students.

If you wish to take full advantage of the Alfred State College Monthly Payment Plan, you are encouraged to enroll early.

Available Payment Plans

• The 5 Month Payment Plan - This plan is available through Dec. 21, 2009. This plan allows you to budget semester expenses (tuition, fees, campus housing, and meals) into 5 payments.
• The 4 Month Payment Plan - This plan allows you to budget semester expenses (tuition, fees, campus housing, and meals) into 4 payments.
• The GI Single Semester Plan (Fall semester enrollment only) - This plan is specifically for individuals who benefit from the GI Bill. You must provide a proof of eligibility letter for the Montgomery GI Bill to enroll in this plan. Contact Student Financial Services for more informantion.

No Interest Charges - Alfred State College does not charge interest on our Monthly Payment Plans. By making monthly payments affordable out of "current income," the MPP will help students avoid additional borrowing. The only cost is a $25 nonrefundable enrollment fee for each semester to cover administrative expenses. This must be paid at the time of enrollment.

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Printable Enrollment Forms

If you can't enroll online and are interested in the Monthly Payment Plan, please select the appropriate form below. Print the form and fax it to (607) 587-3275. Or you can mail it to the Student Accounts office along with your $25 enrollment fee and first payment:

• Five Month Payment Plan (PDF)
• Four Month Payment Plan (PDF)
• MPP Credit Card Authorization Form (PDF) --needed if paying by credit card

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Payment Options

The MPP offers several methods of paying: credit card*, certified check, money order, or cash.
*If paying by credit card, please include the MPP Credit Card Authorization Form with your enrollment form.

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Determining Your Monthly Payment

Simply add up your expenses for the semester you wish to budget and subtract any known credits you may have. Then divide the balance by the number of installments (5 for the 5 Month Payment Plan or 4 for the 4 Month Payment Plan). This will determine your monthly payment amount.

Please refer to the following schedule to help determine when your payment is due:

Note: If you plan on using your Monthly Payment Plan to process your bill, you will need to set it up and make your first payment at the same time.

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Terms and Conditions

1. Enrollment
   1. Enrollment in the Alfred State College Monthly Payment Plan is accomplished online by following the online instructions or by completing, signing, and returning the appropriate enrollment form together with your enrollment fee of $25 (per semester) to the Student Financial Services Office.
   2. If you are applying by mail, you will not be considered enrolled until the enrollment fee has been received and processed.
   3. Enrolling in the Monthly Payment Plan by mail does not process your bill.
   4. Enrolling in the Monthly Payment Plan after the initial due date will not change the payment due dates.  It will shorten the period between the first and second payment.  If enrolling on or after the second installment due date you will be responsible for two payments.
   5. Final Registration Day is the last day you can enroll in the Monthly Payment Plan.
2. Budget Amount/Adjustments/Cancellation
   1. Only charges billed by Alfred State College may be budgeted.
   2. Increasing the budgeted amount will not be allowed starting with the first day of classes.  If you increase your budgeted amount you will be required to pay the percentage that would have been included in prior installment payments. 
   3. You may cancel your Monthly Payment Plan on BannerWeb or request in writing to have your Plan reduced or cancelled.  If you elect to cancel your Plan and you owe a balance, the balance must be paid in full by the next installment date or a late fee will added.
3. Installment Payments/Balance
   1. Installments are due on the 3rd of each month by 4 p.m. (This date will vary each semester.) If the due date falls on a weekend or holiday, payments are due by 4 p.m. on the next business day.
   2. Payments are not automatically made by the Students Financial Services Office.  You are responsible for making the payment each month.
   3. If you are making your payment online (recommended), enter the secure area in BannerWeb.  Select Student Accounts on the Student Services & Financial Aid menu.  Select Pre-Approved Monthly Payment Plan Payment to make your payment.  Check your Monthly Payment Plan Balance to make sure the payment was processed.
   4. If you are mailing the payment, make sure you allow enough time to reach the office on or before the due date.
   5. All installments made through the Alfred State College Monthly Payment Plan will be credited directly to your account.
4. Financial Aid
   1. The receipt of Financial Aid in the form of grants, loans, scholarships etc. will not automatically adjust your Monthly Payment Plan.  You are still responsible for your payments unless you cancel or reduce your plan.  Reductions due to receipt of Financial Aid can only be made by requests in writing to the Student Financial Services Office.
   2. Financial Aid cannot be used as a payment towards the Monthly Payment Plan. 
5. Fees and Other Charges
   1. Your enrollment fee of $25 is non-refundable.
   2. Your account will be assessed a $20 service charge for any payment returned for insufficient funds, or which is not collectible for any other reason, and your plan will be cancelled.
   3. There will be an additional late charge for any payment not received in full by the due date.
6. Failure to Pay
   1. In the event a participant fails to pay any amount due on the payment plan by the due date, enrollment in the Alfred State College Monthly Payment Plan will be terminated.
   2. A late payment fee will be added, and the remaining account balance plus the late fee will be due in full.
   3. Once terminated from the Monthly Payment Plan for any reason, you will not be able to use the Plan again.

Questions concerning the Alfred State College Monthly Payment Plan should be directed to the Student Financial Services Office at 1-800-4-ALFRED. We will be happy to assist you.

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