Payment Plan Terms and Conditions

Payment Plan Terms and Conditions

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1. Enrollment

Enrollment in a Monthly Payment Plan is accomplished by completing and submitting an online monthly payment plan application. Payments can be made online or by mailing your check to: Unity College, Student Accounts, 90 Quaker Hill Road, Unity, ME 04988, together with your first monthly payment and the application fee of $75 prior to May 25th for the 12 Month Payment Plan and June 25th for the 10 Month Payment Plan. All students must be in good financial standing with Unity College in order to participate in a monthly payment plan.

2. Monthly Payments

The total annual budgeted amount is payable in either twelve (12) or ten (10) equal monthly installments. Payment is due on the 25th of each month beginning in May or June respectively preceding the academic year for which costs are budgeted. Only annual charges billed by Unity College may be budgeted. All payments made through the Monthly Payment Plan will be credited directly to the student's bill. Refunds to participants for any reason will be handled according to normal College refund policy.

3. Fees and Other Charges

The $75 application fee is non-refundable. Unity College may assess a $25 service charge against your account for any payment returned for insufficient funds or which is not collectible for any other reason. Unity College may assess your account a 1.5% finance charge for any past due amounts.

4. Failure to Pay

In the event of failure of a participant to pay any installment amount within 15 days of the due date, continued enrollment in the monthly payment plan will be in jeopardy. Any remaining balance may be immediately due in full.

Direct Debit Option Instructions/Terms and Conditions

To activate: Payments may be deducted from your checking or savings account by e-check, debit or credit card. To participate please select the "Set Up Recurring Payments" under the payment source options of your online monthly payment plan application.

First withdrawal date: The start date is determined by processing time. Payments will be withdrawn from your account on the 25th day of each month and will be payable to Unity College. If the 25th of the month falls on a weekend or holiday, payment will be withdrawn on the next business day thereafter. A record of each payment will be posted to the student's account.

Canceling the direct debit option: This authorization is to remain in effect until the Monthly Payment Plan ends or is canceled by Unity College or the participant in writing at least five business days before withdrawal occurs.

Returned payments: Monthly payments returned by the bank for insufficient funds will be charged a fee of $25 on the next direct debit. Withdrawals refused twice may result in automatic cancellation of the direct debit option, and all future payments and returned payment fees will be due immediately.

Unity College is not responsible for bank errors. Please keep a copy of this agreement for your records.

Standard Option Instructions/Terms and Conditions

To activate: Select the "Standard Option" after you have submitted your online application. Monthly Payment Plans will not be approved until the initial payment along with the application fee of $75 has been received by the Student Accounts Office.

Initial payment: Payment(s) can be made online or by mailing your check or money order to: Unity College, Student Accounts, 90 Quaker Hill Road, Unity, ME 04988, together with your first monthly payment and the application fee of $75 prior to May 25 for the 12 Month plan and June 25th for the 10 month plan.

Subsequent payments: A coupon booklet will be sent for you to mail in with each subsequent payment. Payments are due on the 25th day of each month.

Returned payments: Payments returned for insufficient funds will be charged a fee of $25 on your student account. Payments refused twice may result in automatic cancellation of the monthly payment plan, and all future payments and returned payment fees will be due immediately.