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Payment Plan

Paying for a college education is one of the first major financial decisions a student will make. The payment plan has scheduled payment installments designed to help a student manage the costs and pay balances by the end of the semester.

    • Students will be required to enroll in the payment plan when the current semester outstanding balance is $200 or more.
    • Each payment plan is semester-specific.
    • Payment plans are only available to students enrolled in the current semester.

For the Spring 2021 semester, payment plan enrollment opens oDecember 16, 2020.

    • The deadline to enroll in the payment plan is February 7, 2021.
    • There will be a non-refundable$25 application fee*

*Please note that the $25.00 Payment Plan Application Fee will be waived if you enroll in the Spring 2021 Payment Plan by February 7, 2021.

    • Fall and Spring semester payment plans will have five payments and the Summer semester plan will have three payments.
    • The remaining payments will be due by the 15th of each month.
    • There will be a $10 fee charged* to a student’s account for each late, partial, or missed payment.

*Please note that the late fees will be waived if you enroll in the Spring 2021 Payment Plan by February 7, 2021.

    • Payment amounts are subject to change if any charges or credits post after enrolling in the Payment Plan.

 

Payment Plan Schedule

 

Payment #

Due Date

Percentage of
current semester
balance

1
(due upon enrollment into the Payment Plan)

on or before
2/7/2021


10%

2

2/15/2021

22.5%

3

3/15/2021

22.5%

4

4/15/2021

22.5%

5

5/15/2021

22.5%

 

IMPORTANT: The Payment Plan is not the same as Auto Payment.  Once enrolled in the Payment Plan, the student or proxy will have to actively make the remaining payments by the due dates or schedule the payments with an Auto Payment. Auto Payments are scheduled by going to https://pay.nmsu.edu. Once logged in, select 'Auto Pay' in the upper left-hand corner. Then select 'Sign up' under the heading NMSU Auto Payment, and follow the prompts.

Federal Financial Aid

Students should complete any requirements to receive financial aid as soon as possible to ensure awarded funds are available to use toward their financial charges.

  • Students who have not completed their financial aid arrangements in time to receive their awards by the due date MAY need to enroll in a payment plan.

The Financial Aid disbursement schedule can be found HERE.

Active Duty and Veteran Students

Please contact MVP with questions specific to your situation as they relate to the payment plan.

Click HERE for frequently asked questions (FAQs). If your question still is not answered, please contact the UAR staff overseeing the Payment Plan at paymentplan@nmsu.edu