Payments must be made in U.S. currency by cash or cash equivalent (direct deposit, money order, cashier’s check, or payroll deduction). Credit card payments are not accepted.
Be sure to read the Plan Description and Master Agreement carefully. Detailed payment information begins on page 26.
Installment Plan Payment Dates
If you enroll before Feb. 28 (Feb. 29 in leap years) and choose an Installment Plan, the first payment is due by May 1.
- Monthly installment plan payments are due the first of each month
- Annual installment plan payments are due by May 1 of each year
A fee is assessed on late payments. Delinquent accounts may be downgraded or cancelled. See the Plan Description and Master Agreement for important information on downgrades and cancellations.
Pay-As-You-Go Plan Payment Dates
Pay-As-You-Go payments can be made at any time, but you must purchase a minimum of one tuition unit of any type to establish a contract and subsequent payments must be $15 or more. Units are purchased at the sales price in effect for the type of units you select at the time your payment is received.
Payment Methods
There are four ways to add Tuition Units: Tuition Units are the unit of measure used to purchase prepaid tuition. Generally, one unit represents one percent of the cost of tuition and required fees for 30 semester hours at the school that most closely matches the unit’s pricing structure. to a contract:
- Set up direct deposit payments from your checking or savings account
- Pay via electronic funds transfer ( Direct Deposit ACH payment: Automatic periodic contributions via electronic transfer directly from the account of the payer to that of the party being paid. )
- Mail a check, money order, or cashier’s check with a payment coupon
- Payroll deduction if your employer offers that option
Unit sales prices are updated effective September 1 of each year to reflect any changes in undergraduate resident tuition and Required Fees: Required fees are only those that must be paid by all students as a condition of enrollment in the college or university. They do not include course-specific fees such as equipment usage or lab fees, or fees related to your major or year of study. at Texas public colleges and universities.
There is a one-time nonrefundable $25 administrative (application) fee to enroll in the Plan. This administrative fee is charged only once per unique Purchaser: The person who establishes the Contract for a specified Beneficiary. There can only be one Purchaser for each Contract. The Purchaser is responsible for making payments in a timely manner and is the only person who may direct or receive refunds, or may direct rollovers, Contract changes, and changes in the designated Beneficiary except that the Contract may be cancelled or modified by the Plan. Friends and family who contribute to another person’s account are not the Purchaser and may not prevent, direct or receive refunds, and may not direct rollovers, contract changes, or changes in the designated Beneficiary. / Benficiary: The person designated by the Purchaser under a Prepaid Tuition Contract as the person for whom undergraduate tuition and required fees will be paid to an Eligible Educational Institution when authorized by the Purchaser. combination. If you, the Purchaser: The person who establishes the Contract for a specified Beneficiary. There can only be one Purchaser for each Contract. The Purchaser is responsible for making payments in a timely manner and is the only person who may direct or receive refunds, or may direct rollovers, Contract changes, and changes in the designated Beneficiary except that the Contract may be cancelled or modified by the Plan. Friends and family who contribute to another person’s account are not the Purchaser and may not prevent, direct or receive refunds, and may not direct rollovers, contract changes, or changes in the designated Beneficiary. have an existing account for the same Beneficiary, the administrative fee is waived for additional accounts.
There may also be fees for late payments, returned payments, wire transfers, overnight deliveries and other special requests.