Why the Payment Agreement shouldn’t scare you (& why you need to do it)
One of the most important steps to complete before you register for class is your Payment Agreement (also known as the Student Financial Agreement).
If you haven’t completed yours, now is the time to do it!
What the Agreement is: Essentially, you’re telling us how you plan to pay any owing balance for tuition, fees and/or housing and meal plans after financial aid to PLU, and you pick from three different options:
- Payment in full – you’ll pay the owing balance before each semester or term starts (August 25 for fall, December 25 for J-term & January 25 for spring) OR
- Financial aid covers your costs – choose this one when tuition, fees, housing & meals are completely covered by scholarships, grants, and/or loans (this does include if you plan to use a Parent PLUS loan to cover all remaining costs) OR
- Monthly payments – choose this one if you want to pay the owing balance in no interest monthly installments (we work with an outside company, Nelnet Campus Commerce, for which you’ll need to sign up separately)
How to complete the agreement: You can complete the agreement on your PLU Banner Self Service student account. You’ll find instructions here on the Student Financial Services site.
What happens if I don’t have the Agreement completed by my class registration appointment? Your student account will be put on hold and we won’t be able to register you for classes until it’s complete.
Can I change my payment option later if I need to? Yes! You just have to let the Office of Student Financial Services know in writing.