Payment PlansPayment Plans

To help ease the burden of paying for college, we offer you the option of a monthly payment plan to pay any remaining balance on your student account. 

Here are the details:

  • In Financial Check-In (FCI), you will have the option to select a payment plan.
  • There will be a one-time $45 payment plan participation fee per semester.
  • Our payment plans are interest-free.
  • Monthly payments are automatically drafted from the bank account or credit/debit card that you provide in FCI.

Monthly Payment Plans

Take a look at the monthly payment plans below that apply to you. You can review all of the terms and conditions in your FCI contract.

  • Residential Student Payment Plans


    Residential Student Payment Plans

    Fall Payment Plan Options

    Your account needs to be paid in full by the end of September. This means that the earlier you start your payments, the smaller each monthly payment will be. 

    Start Month Plan Options
    January
    • New Students:
      • Reduced Initial Installment (9-month plan only)
      • Option of 1-9 Monthly Payments
    • Returning Students:
      • Option of 1-6 Monthly Payments
    February
    • New Students:
      • Reduced Initial Installment (8-month plan only)
      • Option of 1-8 Monthly Payments
    • Returning Students:
      • Option of 1-6 Monthly Payments
    March
    • New Students:
      • Reduced Initial Installment (7-month plan only)
      • Option of 1-7 Monthly Payments
    • Returning Students:
      • Option of 1-6 Monthly Payments
    April
    • New Students:
      • Reduced Initial Installment (6-month plan only)
      • Option of 1-6 Monthly Payments
    • Returning Students:
      • Option of 1-6 Monthly Payments
    May
    • New & Returning Students:
      • Option of 1-5 Monthly Payments
    June
    • New & Returning Students:
      • Option of 1-4 Monthly Payments
    July
    • New & Returning Students:
      • Option of 1-3 Monthly Payments
    August
    • New & Returning Students:
      • Option of 1-2 Monthly Payments
    September
    • New & Returning Students:
      • 1 Payment in Full


    Spring Payment Plan Options

    Your account needs to be paid in full by the end of March. This means that the earlier you start your payments, the smaller each monthly payment will be. 

    Start Month Plan Options
    October
    • New Students:
      • Reduced Initial Installment (6-month plan only)
      • Option of 1-6 Monthly Payments
    • Returning Students:
      • Option of 1-5 Monthly Payments
    November
    • New Students:
      • Reduced Initial Installment (5-month plan only)
      • Option of 1-5 Monthly Payments
    • Returning Students:
      • Option of 1-5 Monthly Payments
    December
    • New & Returning Students:
      • Option of 1-4 Monthly Payments
    January
    • New & Returning Students:
      • Option of 1-3 Monthly Payments
    February
    • New & Returning Students:
      • Option of 1-2 Monthly Payments
    March
    • New & Returning Students:
      • 1 Payment in Full

     

  • Online Student Payment Plans


    Online Student Payment Plans

    Spring Payment Plan Options

    Your account needs to be paid in full by the end of February. This means that the earlier you start your payments, the smaller each monthly payment will be. 

    Start Month Plan Options
    September
    • Option of 1-5 Monthly Payments
    October
    • Option of 1-5 Monthly Payments
    November
    • Option of 1-4 Monthly Payments
    December
    • Option of 1-3 Monthly Payments
    January
    • Option of 1-2 Monthly Payments
    February
    • 1 Payment in Full

     

    Summer Payment Plan Options

    Your account needs to be paid in full by the end of June. This means that the earlier you start your payments, the smaller each monthly payment will be. 

    Start Month Plan Options
    February
    • Option of 1-3 Monthly Payments
    March
    • Option of 1-3 Monthly Payments
    April
    • Option of 1-2 Monthly Payments
    May
    • 1 Payment in Full
    June
    • 1 Payment in Full


    Fall Payment Plan Options

    Your account needs to be paid in full by the end of October. This means that the earlier you start your payments, the smaller each monthly payment will be. 

    Start Month Plan Options
    May
    • Option of 1-5 Monthly Payments
    June
    • Option of 1-5 Monthly Payments
    July
    • Option of 1-4 Monthly Payments
    August
    • Option of 1-3 Monthly Payments
    September
    • Option of 1-2 Monthly Payments
    October
    • 1 Payment in Full

     


Adjustments & Updates to Your Payment Plan

You can make changes to your account in the Financial Check-In portal. We suggest that you always check your account five days before your automatic draft to ensure that the correct amount is being processed from your account. 

Including:

  • Adjusting and confirming your monthly payment plan
  • Updating your account information

Directions for making updates:

  • Log in to the Financial Check-In portal.
  • Select the appropriate term.
  • Select the Payment Plan Selection tab to view your payments for any possible adjustments needed and then click on Accept & Continue.
  • On the Address Verification page, verify your address and then click on Accept & Continue.
  • Check the “*I Agree to the Terms and Conditions above” box on the Check-In Contract page and then click on Accept & Continue.
  • Select either use current account information or change your payment account information.
  • Click Save to then update your payment plan and recomplete Financial Check-In.
  • The updated automated drafts will be displayed on your new Check-In Receipt.

Returned or Declined Payments

If one or more of your automated drafts fail, you and the account holder are both responsible for the returned or declined payment.

You will be notified through your LU email and by phone if you have a returned/declined payment. It is your responsibility to forward this message to any other financially responsible party, if applicable. You can make a payment to make up for the returned/declined payment(s).

Consequences of Returned/Declined Payments

  • $35 failed payment processing fee per returned/declined payment (non-refundable)
  • In the case of three or more returned/declined payment plan installments:
    • You may no longer be eligible to enroll in payment plans.
    • 100% of the balance will be required by the Financial Check-In deadline for all future semesters enrolled.
    • You may not be able to make online payments via automated checking.
    • Cash, money order, or credit card payments must be made with Cashiering & Treasury Services.
  • If you do not respond to returned/declined payment notifications, you may be removed from Financial Check-In and courses.