Payment Plan Options

Baker College provides payment plan options for students who are unable to pay their full charges prior to the start of the semester.  A $35 non-refundable fee will be charged to enroll in the payment plan. Enrollment in the payment plan, prior to tuition due dates, will prevent students from being charged the $50 late fee, assessed by Baker College. However, a late fee will be assessed by Baker College if the terms of the payment plan are not met.

It is the student's responsibility to ensure they fully understand the terms of a payment plan prior to enrollment. If the terms of the payment plan are not met, it may result in additional fees assessed by CashNet and/or a withdrawal from the payment plan. 

Characteristics of All Payment Plan Types

Payment Plan Enrollment Fee

Once a payment plan is enrolled the $35.00 enrollment fee is charged and due, regardless of:

  • A Student Request to Withdraw From the Plan
  • A Plan is Administratively Withdrawn for Failure to Meet the Plan Requirements
  • Financial aid is Awarded to Cover the Balance After Enrollment in the Plan.

Baker College does not collect the enrollment fee and cannot reverse/refund the charge. 

Responsive Payment Plan Installments

Installment payments are responsive to charges and credits that are pending or post to the student account. Therefore, monthly installments may increase or decrease throughout the length of the payment plan, based on account activity, such as:

  • Adding/Dropping/Withdrawing
  • Financial Aid Award Increases or Reductions
  • Bookstore Purchases or Returns
  • Third Party Payment Authorizations or Cancellations

Installments are “locked” 5 days prior to the due date of the installment. Any adjustment to a student’s account within the 5 days leading up to the due date will not affect the installment amount due. However, the subsequent installments will adjust accordingly. In the event that credits to a student account, such as financial aid awards or withdrawing/dropping a course, results in a $0 or credit balance, the payment plan automatically adjusts all remaining installments to $0 and considers the payment plan completed. There is no need to request a withdrawal from a payment plan when this occurs. 

Available Payment Plan Options

CURRENT SEMESTER PAYMENT PLAN

ENROLL EARLY!  The earlier students enroll in a payment plan the more time they have to pay.  Enrollment in a payment plan can give students up to 5 months to pay their balance each semester.

Enrollment Begins:

  • Fall Semester - July 1st
  • Spring Semester - December 1st
  • Summer Semester – April 1st

Other dates regarding payment plan deadlines are located in the Important Dates & Information article.

Example: Current Semester Payment Plan:
Tuition Balance = $4,860.00
Payment Plan Enrollment: July 5th

Due Dates Payment Installment
7/15* $972.00
8/15 $972.00
9/15 $972.00
10/15 $972.00
11/15 $972.00

*This is an optional down payment. The first official payment due date will be the 15th of the month following enrollment.

Enroll Today:

  • Login to Student Finance Center
  • Click "Make a Payment"
  • You will be redirected to your Student Portal
  • Choose any Available Installment Plan under the
    Overview Screen

    Note: if there is no option for enrolling in a payment plan on this screen, either the enrollment period for a payment plan is not open, or the payment plan is not available for online enrollment. Contact OneStop for further assistance at onestop@baker.edu or 1-833-MY1-STOP.

For a short tutorial on Baker College payment plans view the payment plans video

EMPLOYER TUITION REIMBURSEMENT PROGRAM

The Employer Tuition Reimbursement Program is a tuition deferment payment plan option available to students whose employers pay tuition costs.  Enrollment in this program allows students to make monthly installment payments of 2% of the enrolled balance until the final payment due date. The final due date for this plan is after the end of the semester, allowing students to submit their grades to their employer for reimbursement. Students must enroll in the payment plan each semester they wish to defer tuition payments.  

To be eligible for the program, the student must submit the following:

  • A Completed Request For Tuition Reimbursement Payment Plan Contract 
    • Can be located on the right hand side of this article under attachments. 
  • A Letter (on company letterhead) or a Copy of the Company Policy Stating the Guidelines for Tuition Payments Made by the Employer.

Completed forms can be submitted:

  • Electronically:
    • Click Request Assistance (bottom of this article)
    • Click Submit a Ticket
  • Paper copy submitted to OneStop.

Example: Employer Tuition Reimbursement Payment Plan:
Tuition Balance = $4,860.00
Payment Plan Enrollment:  July 10th

Due Dates
 
Payment Installment
(2% of beginning balance after enrollment due each month, with remaining 90% of the balance due the month after the semester ends)
8/1 $97.90
9/1 $97.90
10/1 $97.90
11/1 $97.90
12/1 $97.90
1/1 $4,370.50

It is the student's responsibility to submit the invoice and grades to the employer.  Baker College will not bill the employer directly.  Any portion of tuition not paid by the employer must be paid by the student by the deadline stated on the contract.

PAST DUE PAYMENT PLAN

Payment plans are available to ease the burden of paying off a past due balance.  Please contact an advisor for details at collections@baker.edu or by calling (855) 752-3426.

Students with outstanding balances may not be allowed to re-enroll for another semester (previously registered courses will be dropped); to receive official transcripts of credit, letters of recommendation or diplomas; to participate in commencement ceremonies; or to use any Baker College service until their Baker College account is settled.

Note:  Federal regulations prohibit the use of Title IV funds toward a past due balance greater than $200.

Unpaid balances will be sent to an outside collection agency and will be reported to the credit bureau(s).  Baker College reserves the right to charge students for collection costs.

 

COLLECTIONS BALANCES

If your balance has been listed with a collections agency, please contact Baker College Collections at collections@baker.edu or 1-855-752-3426. Students may be referred to the collection agency for additional information regarding their collection balance.

For additional questions email onestop@baker.edu or click the "Request Assistance" button below. 

 Request Assistance

 

Details

Article ID: 89580
Created
Thu 10/17/19 1:48 PM
Modified
Mon 4/12/21 6:53 PM