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Payment Plan

Beginning the Summer 2022 semester, important changes are coming to the Payment Plan...  

  • A $10.00 fee will be assessed for any missing, late, or partial Payment Plan payment

*** For those who choose not to enroll in the Payment Plan by the deadline and have a current semester balance of $200 or more... ***

  • A $25.00 Account Maintenance Fee will be assessed after the deadline to enroll 
  • A .5% Service Fee will be assessed on the current semester balance on a monthly basis.  For example, for the Fall 2022 semester, a .5% Service Fee will be assessed on 9/16/22, 10/16/22, 11/16/22, and 12/16/22 (or on the next business day).  

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 are encouraged 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.

Enroll in the Payment Plans by the enrollment deadline dates.

For the Summer 2022 semester, payment plan enrollment opens oMay 16, 2022.

    • The deadline to enroll in the Summer 2022 payment plan is June 6, 2022.
    • There will be a $10 fee charged to a student’s account for each late, partial, or missed Payment Plan payment.
For the Fall 2022 semester, payment plan enrollment opens on July 16, 2022.
    • The deadline to enroll in the Fall 2022 payment plan is August 29, 2022.
    • There will be a $10 fee charged to a student’s account for each late, partial, or missed Payment Plan payment.

  • 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.
    • Payment amounts are subject to change if any charges or credits post after enrolling in the Payment Plan.
    • A student cannot have a prior semester balance of $1,000 or more.

 

Payment Plan Schedule

  

 

 Summer 2022 Payment Plan - enrollment opens on 5/16/2022

Payment #

Due Date

Percentage of
current semester
balance

1
(due upon enrollment into the Payment Plan)

on or before
6/6/2022


10%

2

6/15/2022

45%

3

7/15/2022

45%

  

Fall 2022 Payment Plan - enrollment opens on 7/16/2022

Payment #

Due Date

Percentage of
current semester
balance

1
(due upon enrollment into the Payment Plan)

on or before
8/29/2022


10%

2

9/15/2022

22.5%

3

10/15/2022

22.5%

4

11/15/2022

22.5%

5

12/15/2022

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