Baker College Payment Plan Options

Summary

Can I make payment arrangements for my balance? Can I register when I owe a balance? Who do I contact regarding a past due or collections balance? Read this article for answers to these questions and more.

Body

Table of Contents

Payment Plan Enrollment Fee
Responsive Payment Plan Installments
Current Semester Payment Plan
Employer Tuition Reimbursement Payment Plan
Regular Past Due Payment Plan
Extended Past Due Payment Plans
Collections Balances
 
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 Transact Payments and/or a withdrawal from the payment plan.

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

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 Drop From all Registered Courses for the Semester
  • A Plan is Administratively Withdrawn for Failure to Meet the Plan Requirements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. 

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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. 

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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.

Table 1: An example of the payment installments for a Current Semester Payment Plan
Example: Current Semester Payment Plan
Tuition Balance = $6,525.00
Payment Plan Enrollment: July 5th
Due Dates:
Payment Installment:
7/15*
$1,305.00
8/15
$1,305.00
9/15
$1,305.00
10/15
$1,305.00
11/15
$1,305.00
*This is an optional down payment. The first official payment due date will be the 15th of the month following enrollment. 

Enroll Today:

  • Log in to the View Balance or Make a Payment page on MyBaker
  • Click "Make a Payment"
  • You will be redirected to your Student Portal
  • Choose any Available Installment Plan under the
    Overview Screen:
    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 1-833-691-7867.

Important:

If you are already enrolled in a current payment plan for a semester please do NOT enroll in a past due payment plan for that same semester without first withdrawing from the current payment plan. If you remain enrolled in the current payment plan you will still be expected to meet the terms of the current payment plan while also meeting the terms of the newly enrolled past due payment plan.

Request to Withdraw From a Payment Plan:

A withdrawal from a payment plan does not reduce a student's financial obligation.

  • Send an email to billing@baker.edu
    • Include your name, student number, the semester, and the name of the plan you wish to have withdrawn

An email confirmation will be sent when the request to be withdrawn from the plan has been processed.

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Employer Tuition Reimbursement Payment Plan

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 to Enroll in the Employer Reimbursement Payment Plan (link below)
  • A Letter (on company letterhead) or a Copy of the Company Policy Stating the Guidelines for Tuition Payments Made by the Employer.

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.

Enroll Today:

Students can request to enroll in the Employer Tuition Reimbursement Payment Plan by submitting a form online:
Employer Reimbursement Payment Plan
 
Table 2: An example of the payment installments for a Employer Tuition Reimbursement Payment Plan
Example: Employer Tuition Reimbursement Payment Plan
Tuition Balance = $6,525.00
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
$130.50
9/1
$130.50
10/1
$130.50
11/1
$130.50
12/1
$130.50
1/1
$5,872.50
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.

Request to Withdraw From a Payment Plan:

A withdrawal from a payment plan does not reduce a student's financial obligation.

  • Send an email to billing@baker.edu
    • Include your name, student number, the semester, and the name of the plan you wish to have withdrawn

An email confirmation will be sent when the request to be withdrawn from the plan has been processed. 

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Regular Past Due Payment Plan

A payment plan is available to ease the burden of paying off a past due balance, while still allowing a student to continue with registration in courses for a future semester.  The regular past due payment plan offers the opportunity to divide the balance among four equal installments. Please contact an adviser for additional details at collections@baker.edu or by calling (855) 752-3426.

Table 3: An example of the payment installments for a Regular Past Due Payment Plan
Example: Regular Past Due Payment Plan
Tuition Balance = $6,525.00
Payment Plan Enrollment: July 5th
Due Dates:
Payment Installment:
8/5
$1,631.25
9/5
$1,631.25
10/5
$1,631.25
11/5
$1,631.25
The payment plan due date depends on the date of enrollment in the plan.     
Enrollment Begins:
  • Fall Semester - October 15th 
  • Spring Semester - March 15th
  • Summer Semester – June 15th

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

Enroll Today:
  • Log in to the View Balance or Make a Payment page on MyBaker
  • Click "Make a Payment"
  • You will be redirected to your Student Portal
  • Choose any Available Installment Plan under the
    Overview Screen:
    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 1-833-691-7867.

Students with outstanding balances may not be allowed to re-enroll for another semester and previously registered courses may be dropped until the 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.

Important:

If you are already enrolled in a current payment plan for a semester please do NOT enroll in a past due payment plan for that same semester without first withdrawing from the current payment plan. If you remain enrolled in the current payment plan you will still be expected to meet the terms of the current payment plan while also meeting the terms of the newly enrolled past due payment plan. 

Request to Withdraw From a Payment Plan:

A withdrawal from a payment plan does not reduce a student's financial obligation.

  • Send an email to billing@baker.edu
    • Include your name, student number, the semester, and the name of the plan you wish to have withdrawn

An email confirmation will be sent when the request to be withdrawn from the plan has been processed. 

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Extended Past Due Payment Plans

Extended payment plans are available to ease the burden of paying off a past due balance. The extended past due payment plans offer the opportunity to divide the balance among either eight or twelve month equal installments. It is important to note that the extended past due payment plan options do not allow a student to register or continue in already registered courses for any future semester until the balance enrolled in the plan is paid in full. Please contact an adviser for additional details at collections@baker.edu or by calling (855) 752-3426.

Table 4: An example of the payment installments for an 8 Month Extended Past Due Payment Plan
Example: 8 Month Extended Past Due Payment Plan
Tuition Balance = $6,525.00
Payment Plan Enrollment: July 20th
Due Dates:
Payment Installment:
8/20
$815.63
9/20
$815.63
10/20
$815.63
11/20
$815.63
12/20
$815.62
1/20
$815.62
2/20
$815.62
3/20
$815.62
The payment plan due date depends on the date of enrollment in the plan.     
Table 5: An example of the payment installments for a 12 Month Extended Past Due Payment Plan
Example: 12 Month Extended Past Due Payment Plan
Tuition Balance = $6,525.00
Payment Plan Enrollment: August 10th
Due Dates:
Payment Installment:
9/10
$543.75
10/10
$543.75
11/10
$543.75
12/10
$543.75
1/10
$543.75
2/10
$543.75
3/10
$543.75
4/10
$543.75
5/10 $543.75
6/10 $543.75
7/10 $543.75
8/10 $543.75
The payment plan due date depends on the date of enrollment in the plan.     
Enrollment Begins:
  • Fall Semester - October 15th 
  • Spring Semester - March 15th
  • Summer Semester – June 15th

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

Enroll Today:

Students can request to enroll in one of the Extended Past Due Payment Plans by submitting a form online:

Students with outstanding balances may not be allowed to re-enroll for another semester and previously registered courses may be dropped until the 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.

Important:

If you are already enrolled in a current payment plan for a semester please do NOT enroll in a past due payment plan for that same semester without first withdrawing from the current payment plan. If you remain enrolled in the current payment plan you will still be expected to meet the terms of the current payment plan while also meeting the terms of the newly enrolled past due payment plan. 

Request to Withdraw From a Payment Plan:

A withdrawal from a payment plan does not reduce a student's financial obligation.

  • Send an email to billing@baker.edu
    • Include your name, student number, the semester, and the name of the plan you wish to have withdrawn

An email confirmation will be sent when the request to be withdrawn from the plan has been processed. 

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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 "Submit a Ticket" button. 

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Details

Details

Article ID: 89580
Created
Thu 10/17/19 1:48 PM
Modified
Thu 6/13/24 12:53 PM

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