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BYU-Hawaii Deferred Payment Plan
For Tuition, Fees, & Insurance
Please note that this Deferred Payment Plan has taken the place of the Short-term Loan. There are many differences and it is important to note that not all students will qualify for this deferment plan. View a list of differences between the old Short-term Loan and the new Deferred Payment Plan.
Purpose
It is the responsibility of the student and the student’s family (and if applicable the student’s sponsor) to meet financial obligations by paying university charges by the first day of classes during each enrollment period.
The university understands that on occasion, financial resources may be delayed and not available by the first day of classes. As a general rule, students should not plan on applying for deferred payment on a regular basis. Instead, the student should budget her finances in order to pay university charges by the first day of classes.
In situations where the student cannot pay all obligations by the first day of class, and can demonstrate that financial resources will be available after school begins, the University may allow deferred payment of tuition, fees, and insurance, provided that the student has paid at least 10% these anticipated charges.
The application form below is designed to help students self-identify themselves as qualifying for deferred payment, help determine the maximum amount that may be deferred, and help students to substantiate that they will have the resources available to pay the deferred charges by the due date.
Eligibility
- The student must be enrolled for at least 9 credits at BYU-Hawaii. (4 credits during a term)
- The student cannot have any past due balance from a prior enrollment period.
- The student must pay at least 10% of the anticipated charges for tuition, fees, and insurance prior to submitting the contract. Please note that scholarships & financial aid are not considered personal payments for purposes of deferred payment eligibility.
- The student must demonstrate the ability to pay the proposed deferment amount when due.
- If the proposed deferment amount is more than $1,000, a co-signer signature and information are required.
- If a co-signer signature and information are required, the co-signer must submit a photocopy of a driver’s license, passport, or other legal form of identification.
- Students enrolled as visiting or non-degree seeking are not eligible for federal aid, scholarships, or any other financial aid.
Estimated Time to Complete & Submit the Contract, Worksheets, & Documentation
| Obtaining the contract and reading the instructions |
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15 minutes |
| Obtaining and printing financial aid and charge information from the Student Center at my.byuh.edu |
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15 minutes |
| Completing, signing, and submitting the contract with supporting documentation |
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30 minutes |
| Total Estimated Time (without a required co-signer) |
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One hour |
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| Obtaining co-signer signature and information (if required) |
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*1-14 Days |
| *The amount of time will vary depending on where the co-signer lives and the method of delivery (fax, email attachment, mail, etc.) |
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2007-2008 Availability & Deadlines
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Deferred Payment Plan Application Period |
Payment Deadline |
| Fall '07 |
Aug 8 - *Sept 5 |
October 29 |
| Winter '08 |
Dec 19 - *Jan 16 |
March 10 |
| Spring '08 |
Apr 9 - *May 7 |
June 16 |
| Summer '08 |
June 4 - *July 2 |
August 11 |
| *payment plan applications submitted after this date will not be approved. |
2006-2007 Availability & Deadlines
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Deferred Payment Plan Application Period |
Payment Deadline |
| Fall '06 |
Aug 16 - *Sept 6 |
October 30 |
| Winter '07 |
Dec 20 - *Jan 17 |
March 12 |
| Spring '07 |
Apr 11 - *May 4 |
June 15 |
| Summer '07 |
June 6 - *June 29 |
August 10 |
| *payment plan applications submitted after this date will not be approved. |
Instructions to Apply for the Deferred Payment Plan
1. Download the contract & worksheets by clicking on the link below.
2. Save the Excel file to your computer.
3. Open the file using Microsoft Excel.
4. Follow the instructions and complete the forms by typing information into the worksheets.
5. Save your information.
6. Print the contract and worksheets, attach required documentation, obtain signatures, and submit all materials to the Financial Aid office.
Deferred Payment Plan Contract & Worksheets (148k Excel File)
Example Worksheet For Reference (51k PDF)
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