Payment

Payment is due the 20th of the month following billing. (Example: A bill sent July 31 should be paid by August 20.) Interest will be added to the account on the 21st of each month for late payments. Interest is added at a rate of 1.08% monthly (13% annual rate), with a minimum monthly charge of $5. Payments can be made by check or cash. Credit cards are not accepted as payment on student accounts.

Taylor University has partnered with Tuition Management Systems (TMS) to allow for monthly payment plans. Through a TMS payment plan, students can spread payments over a number of months for an annual fee, at no interest on the scheduled payments. For more information, please visit the TMS Web site.

Transcripts and/or diplomas are withheld if an account (including Perkins and TU Loans) is not current, unless the transcript is needed to obtain employment. Under such circumstances, we will send the transcript directly to the potential employer.

Students with past-due balances will not be allowed to register for additional courses until the balance has been paid.


IMPORTANT NOTICE REGARDING CHECK PAYMENT PROCESSING:
If paying by check, please be aware that you are authorizing Taylor University to use the information on your check to make a one-time electronic debit to your checking account.

This electronic debit will be for the amount indicated on your check. If you do not have sufficient funds in your bank account, the amount of the check plus a returned check fee of $10 will be charged to your Taylor University account and you will be responsible to pay the charges.

If you have any questions, or choose not to have your check converted into an electronic item, contact Stephen Olson, AVP/Finance & Operations at 260.744.8676 or stolson@fw.taylor.edu.