Payment FAQs

Q: Can I use Federal Work-Study or other student employment earnings to pay my bill? When are they posted to my account?

Wages earned from student jobs are not automatically applied to a student's account as payment. Students must complete a payroll deduction authorization in the student payroll office and work the required number of hours in order for payroll earnings to be credited to their student account. Projected payroll earnings through payroll deduction for a semester must be sufficient to cover the outstanding balance due for that semester in order for an account to be considered current. Any shortage resulting from insufficient earnings is subject to interest accrual and may result in an administrative hold which prevents registration and transcript release. For this reason, it is highly recommended that wages earned from student jobs are not dedicated as payment to the student account but instead are used for the student's miscellaneous needs beyond tuition, fees, room & board charges.

Q: What are my payment options?

You can make a full payment by the due date with check, cash, or money order. Currently, Taylor does not accept credit cards for tuition payment. A monthly payment plan is also available through Tuition Management Systems. There are no interest charges assessed for this monthly payment plan but there is an initial $70 enrollment fee. Enrollment in this payment plan can be done online at http://www.afford.com/ , by calling 1-800-722-4867, or by completing the enrollment form that is mailed to all incoming students on or about May 1.

Q: What are the costs for attending Taylor University?

Taylor's costs are published annually in the Tuition and Fee Schedule. This publication is available from the Bursar's Office and is also available online at http://www.taylor.edu/admissions/finaid/tuition.shtml. We encourage you to use our Payment Planner form to help you determine what your actual payment will be after financial aid sources are subtracted from your costs.

Q: What if I can't pay my bill on time?

Taylor charges a monthly penalty on late payments. Any account balance not paid by the due date when first billed or deferred due to a monthly TMS payment plan will be subject to a $5 late fee or interest accrued at an annual percentage rate of 13%, whichever is greater. A student's account must be current to avoid a hold on advance registration and housing and must be paid in full for transcript and/or diploma release.

Q: When are the bills sent out and when are they due?

Invoices are mailed to the student's permanent address at the end of July for fall semester and at the end of December for interterm and spring semester. Payment for the fall semester is due August 20. Payment for the spring semester is due January 20. After the initial billing for each semester, monthly statements are sent to the student's campus email account on or about the last day of each month for students who owe a balance or have had transactions to their student account during that billing cycle. Any new charges that may occur are due the 20th day of the month in which they are billed. A student may authorize that a copy of their monthly statement be emailed to their parent or other bill payer by completing the appropriate form in the Bursar's Office or online at http://www.taylor.edu/community/offices/bursar/pdf/bus_billing_auth.pdf.

Q: When will my financial aid be put on my student account?

Most of your financial aid will be posted to your student account approximately 2 weeks after the semester starts (a few days after the drop/add classes changes have been processed). This includes Taylor grants & scholarships, federal grants, state grants, and the Federal Perkins Loans (assuming the appropriate promissory note has been signed electronically). Federal Stafford Loans (both subsidized and unsubsidized), Federal PLUS Loans, and alternative student loans will be posted when the funds are actually received via EFT or check. Scholarships from private foundations or organizations will be posted when the actual check is received in the Bursar's Office.