Later, once tuition and fees are posted to your student account, the Payment Plan will switch from the “Estimated” phase to the “Actual” phase. In addition to tuition and fees, you will be asked to provide information about other credits you anticipate will apply to your student account. You will build an estimate of your “out-of-pocket costs” for the Payment Plan period in YalePay using the Payment Plan Estimator. Since you can enroll in a Payment Plan before the term charges (tuition and fees, room, board, health insurance) have been assessed, you may need to estimate your Payment Plan balance in the early months. Log in to YalePay any time to see the status of your plan. Once you decide to activate a plan, you will receive an email from YalePay confirming your enrollment. Your installment schedule will update dynamically as you follow the prompts and enter your information in the Payment Plan Estimator. The earlier you enroll in a plan, the more installments you can have, so be sure to note the expiration date on each offer. You will see the payment plan options available to you. To enroll in a Payment Plan, log into YalePay and select the Payment Plans tab. *For example: If you enroll in a Spring payment plan in June, you will not be assessed this fee until your Spring plan becomes active on October 15th. The sign-up fee is deducted from your bank account as soon as your payment plan is activated in YalePay. There is a $50 non-refundable sign-up fee per term for the Fall and Spring plans. If the student has past due balances, he or she must contact Student Financial Services to explore alternative payment arrangements.
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