ENROLLMENT: Enrollment in the payment plan is accomplished by completing, signing, and returning the attached application, to the address on page 2, together with payment of the first month and the application fee prior to the 15th of the month in which your enrollment begins.

BUDGET AMOUNT/PAYMENTS: Tuition, fees and/or room and board charges may be used when calculating the payment plan on the worksheets. The total annual budget amount is payable in twelve (12) equal installments due on the 15th of each month beginning in June preceding the academic year in which costs are budgeted. Enrollment in the plan may occur after June, although not later than September. See the literature for enrollment dates and application fee information. In no case may the enrollment period extend beyond a final payment on May 15th.

TRANSCRIPTS AND DIPLOMA HOLD POLICY: There is an automatic hold on transcripts and diplomas for any student whose student account is not paid in full. Good standing on your payment schedule does not meet the college requirement for being paid in full.

FEES AND OTHER CHARGES: The application fee, determined by the month in which you enroll in the plan, is non-refundable. This must be included with your application for enrollment to begin. A handling fee of $25.00 will be imposed for any check which is returned by the bank. Return of more than one check by your bank as nonnegotiable may result in termination from this program. All additional fees assessed will be deducted directly from your payment before funds are applied as payment on the student account.

FAILURE TO PAY: In the event of failure of a participant to pay any installment within 15 days of the due date, you will be notified by mail of your delinquency. If full payment is not made within 30 days of the due date, you will be terminated from the plan and the entire unpaid balance on the student account is payable in full immediately.

CHANGES IN THE ANNUAL BUDGET: Change in the annual amount budgeted may be made by the participant at any time during the contract period by calling ECSI at 888-549-3274. If the budget is decreased below the amount already paid by the participant, the refund of such overpayment will be handled by Kalamazoo College through normal refund system.