Payment Plan

All students with a balance due to OSUIT after the 20 day of the month of the first month of school will be put on a payment plan (example below). To avoid a payment plan, your balance must be paid in full before the time to auto-enroll all students. 

Example 1

Spring semester starts in January. You have until January 20 to enroll on the payment plan manually or pay the balance in full to not get automatically enrolled. First due date is February 15, second due date is March 10, and final payment is due April 10.

Example 2

Summer semester starts in May. You have until May 20 to enroll on the payment plan manually or pay the balance in full to not get automatically enrolled. First due date is  June 15, second due date is July 15, and the final payment is due August 15.

Example 3

Fall semester starts in September. You have until September 20 to enroll on the payment plan manually or pay the balance in full to not get automatically enrolled. First due date is October 15, second due date is November 15, and the final payment is due December 15. 

Students can make their payments online through their O-Key account using debit/credit card (2.85 percent fee to use this option) or at no charge with their checking/savings account information. You can mail in a check or money order to the address listed under the "contact us" tab on our website. Lastly, you can make payments by check, money order, or cash at the Bursar's office in person. Note: If mailing a check, please allow 5-7 business days to process. Take this into consideration when making payment by a due date. When automatically enrolled in a payment plan, we do not enroll you in auto payment, you will need to make payments manually. The automatic payment plan does not set up automatic payments; the student is responsible for making the payment monthly. 

Before Spring 2020 students paid a $20 setup fee for the payment plans. The fee was removed in January 2020 and the setup is now free. Late charges of 1.5 percent are assessed after the fifteenth each month starting the second month of the semester and assessed on the full remaining balance. If a student is paid up-to-date, no fees will be assessed. It can get costly to skip payments or avoid paying, please see three examples below where fees could be assessed. This is not an all-inclusive list, just three examples. 

Example 1: You have 3 monthly payments of $650.

• In month one, you pay on time, so no late charge is assessed. 
• In month two, you do not pay on time. A late charge of 1.5 percent of the remaining $1300 so $19.50 will be added to the bill.
• In month three, you still have not paid month two's payment, and you do not pay month three on time. Your balance due is now $1319.50 due to the fee so the 1.5 percent will be assessed on the full balance; $19.79 will be added to the bill making $1339.29 now due. 

Example 2: You have 3 monthly payments of $650.

• In month one, you do not pay on time, so a late charge of 1.5 percent of the remaining balance ($1950) is assessed. Your Bursar account increases by $29.25 in late charges. You make the payment by the end of the month to clear the $1979.25 ($1950+29.25) that is past due.
• In month two, you pay on time, so no late charge is assessed.
• In month three, you do not pay on time. A late charge of 1.5 percent of the remaining balance ($650) is assessed. Your Bursar account increases by $9.75 in late charges bringing your total due to $659.75.

Example 3: You have 3 monthly payments of $650.

• In month one, you do not pay on time, so a late charge of 1.5 percent of remaining balance ($1950) is assessed. Your Bursar account increases by $29.25 in late charges.
• In month two, you still have not paid month one's payment, and you do not pay month two on time. With the late charge from month one, your new balance is $1,979.25 and the 1.5 percent late charge will calculate off this amount meaning $29.69 will be added to your account for month two. 
• In month three, you have not made any payments on your payment plan and you do not make your third month's payment. Your current balance with month one and two's late charges is $2008.94 and the 1.5 percent fee will assess off that balance; $30.13 will be added to your bill. Total amount due at end of semester: $2039.07.

If the funds are applied before the plan is established, the only thing that will occur is the remaining balance will be split over three even payments. If a plan is established and funds come in afterwards, the monies will be split over the remaining payments evenly; in return this will lower your monthly payment due. You will receive an email with any changes to your payment plan.

Example: Your monthly payments are $400 and you have three months of payments left for the semester. A $600 scholarship is applied to your account. The $600 will be split evenly between the three months lowering the payment each month by $200 ($600 divided by three remaining months). The outstanding payments will recalculate, and you will now owe $200 by the payment date each month.  

Anything above your monthly payment will apply to your next month's payment.

Example: If your payment is $400 and you pay $600 in month one, the extra $200 will go toward month two's payment.  

Authorized payers (i.e. parents, friends, sponsors, others) may be designated with their own login access when the student signs up for the plan.

Yes! We encourage you to pay as you go as long as your payment is paid in full by the due date of the tenth. The automatic payment plan does not set up automatic payments; the student is responsible for making the payment monthly. 

Your payment plan will zero out, and your payment plan will be paid in full.

When you are enrolled into the payment plan, you will get an email at your university email giving you the details of your plan. You will also receive email reminders of upcoming payments and past due payments. Please remember you still receive monthly billing statement email notifications while on the Payment Plan for informational purposes.

Yes. You can also view your account anytime through your O-Key account at my.okstate.edu.

Payment plan installments will show as a credit in the memo section of your statement. This will show your balance due as $0 as it is taking in consideration the student will be making the payments as outlined in the payment plan agreement. If there is a balance due in addition to the agreement (past semester charges) they will show in the "due" section. If you have questions about what is owed, please reach out to us for clarification.