Deferred Payment of Education Costs
For students and parents who find it necessary to pay educational expenses in installments, a payment plan is offered for each semester. Summer classes are handled differently. The semester payment plan is available online through TouchNet. The installments should be made through TouchNet. Instructions and details are available on the CBU website. The payment plan charges 1% monthly interest on any unpaid balance.
Traditional Day students and Global College students (registered in both terms) will be required to pay 25% of the balance due after financial aid and scholarships as an initial payment for the payment plan. International students will be required to pay 25% of the balance due after financial aid and scholarships as an initial payment for the payment plan. In both cases, the balance due after the initial payment will be paid in 3 or 4 monthly payments. Second term classes and summer classes are handled differently due to the short schedule. CBU reserves the right to refuse payment plan option to students who did not honor the scheduled payments in previous terms.
All federal student loan checks and institutional loan checks must be deposited into the student’s account. If the posting of any check(s) creates a credit balance on the student’s account, the student may request a refund following the Add/Drop period, after all charges and financial aid have been posted. Students are encouraged to sign up online for ERefunds through TouchNet to receive any excess funds.