Unity College Monthly Payment Plan

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					How to Calculate Your Monthly Payment                       Terms and Conditions

Academic Year Expenses billed by Unity                      1. Enrollment
                                                            Enrollment in the Monthly Payment Plan is accomplished by complet-
                                                            ing, signing and returning the attached application to, Unity College,
Tuition…………………………………….. …                  $_____________   Student Accounts, 90 Quaker Hill Road, Unity, ME 04988, together
                                                            with you first monthly payment and the application fee of $75 prior to
Housing……….……………………………. .. $_____________                   June 25. All students must be in good financial standing with Unity
                                                            College in order to participated in the monthly payment plan.

Residence Hall Damage Deposit………... $_____________
                                                            2. Monthly Payments
                                                            The total annual budgeted amount is payable in ten (10) equal install-
Meal Plan………..…………………………… $_____________                    ments. Payment is due on the twenty fifth of each month beginning in
                                                            June preceding the academic year for which costs are budgeted.
Health Insurance Fee..……………………. $_____________              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
Activity Fee and Technology Fee………. $_____________          will be handled according to normal College refund policy.

Nova/Orientation Fee……………………… $_____________                                                                                                2010-2011 ACADEMIC YEAR
                                                            3. Fees and Other Charges
                                                            The $75 application fee is non-refundable. Unity College will assess a
Miscellaneous Fees………………………... $_____________               $25 service charge against your account for any payment returned
                                                            for insufficient funds or which is not collectible for any other reason.
Total Annual Expenses:…………………... $_____________             Unity College may assess your account a 1 1/2% finance charge for
                                                            any past due amounts.

Credits
                                                            4. Failure to Pay

                                                                                                                                             Unity College
                                           $_____________   In the event of failure of a participant to pay any installment amount
Federal grants (Pell, SEOG) ……………..                         within 15 days of the due date, continued enrollment in the monthly
                                                            payment plan will be in jeopardy. Any remaining balance will be
                                           $_____________   immediately due in full.
State grants .………………………………..

Federal loans (Stafford, PLUS, Perkins). $_____________     Direct Debit Option:                                                               Monthly
                                                            Instructions/Terms and Conditions
Private Loans……………………………….. $_____________

Unity College Aid (grants, scholarships)   $_____________   To activate: Payments may be deducted from your checking or
                                                            savings account through the automated clearing house (ACH) debit
                                                                                                                                               Payment
Other credits (Outside scholarships and
any other unlisted aid)……………………. $_____________
                                                            or credit card. To participate please complete the payment options
                                                            information and sign the agreement at the bottom of the Monthly
                                                            Payment Plan application . If paying by ACH you will need to include
                                                            separate canceled or voided check or Deposit slip for the account
                                                                                                                                                 Plan
                                                            from which the monthly payments will be withdrawn.
Total Annual Credits:………………………             $_____________
                                                            First withdrawal date: The start date is determined by process-
Your Budget                                                 ing time. Payments will be withdrawn from your account on the
                                                            twenty fifth day of each month and will be payable to Unity College. If
Total Payment Plan Amount                                   the twenty fifth falls on a weekend or holiday it will be withdrawn on
                                                            the next business day after. A record of each payment will be posted
(Expenses Less Credits)…...………………..$_____________           to the students account.

Monthly Payment Amount                                      Placing a stop payment: You have the right to stop payment by
(Total Budget / 10)……………………………$_____________                notifying your bank three business days before the checking account
                                                            is charged.
Do not include Federal Work Study pay in your credits,
as these monies are paid directly to the student and may    Canceling the direct debit option: This authorization is to
                                                                                                                                           The affordable, convenient,
vary according to hours worked. If you have a Parent-
PLUS loan, there will be a deduction of 2.5% for a proc-
                                                            remain in effect until the Monthly Payment Plan ends or is canceled
                                                            by Unity College or the participant in writing at least five business                  interest-free,
                                                            days before withdrawal occurs.
                                 essing fee. For exam-
                                 ple, if you borrow
                                                                                                                                              tuition payment plan
                                                            Returned payments: Monthly payments returned by the bank for
                                 $5,000, the disburse-      insufficient funds will be charged a fee of $25 on the next direct debit.
                                 ment will be $4,925.00.    Withdrawals refused twice will result in automatic cancellation of the
                                 Stafford loans will        direct debit option, and all future payments and returned payment
                                                            fees will be due by check.
                                 have .5% deducted
                                 from each disburse-
                                 ment.                      Unity College is not responsible for bank errors. Please keep a copy of this
                                                            agreement for your records.
           No-Interest                                                                                                              Unity College Monthly Payment Plan
                                                                Payment Options:
       Monthly Payment Plan                                         Standard: Pay your bill by mail every month.
                                                                                                                                      Application and Agreement
                                                                (You will receive payment coupons in the mail to
An Alternative                                                  mail in with each payment)                              Student Information (please print clearly)
                                                                                                                        _____________________________________________________
  College is challenging enough without having to worry            Direct Debit: A convenient way for you to            Last four of SS#
about paying for it all at once.                                pay your monthly payments, see “Direct Debit            _____________________________________________________
                                                                Option” details within this brochure                    First name            MI    Last name
  If your family has trouble covering payment in full by
the August 1 deadline, you may prefer our monthly pay-                                                                  _____________________________________________________
ment plan. It gives you the option to split tuition, housing,      Credit Card: Another convenient way for paying       Home address
meals and other college expenses into 10 equal install-         your monthly payments, see “Direct Debit Option” for    _____________________________________________________
ments. You can even have the payments drawn automati-           details within this brochure.                           City                        State        ZIP
cally from your bank account or credit card—no check to
write.                                                                                                                  _____________________________________________________
                                                                ___________________________________________________     Home/Cell phone and E-mail Address
  No matter what option you choose, you can budget              Credit card no.                    Exp.       CSV
your annual college costs to fit your family’s individual       ___________________________________________________     Payer Information
needs.                                                          Print Name exactly as it appears on Card (name must
                                                                be the same as the participate signature on the Unity   _______________________________________________
Interest Charges                                                College Monthly Payment Plan Application and            First name                 MI     Last name
                                                                Agreement)                                              _____________________________________________________
  You’ll pay no interest on outstanding balances under                                                                  Home address
the monthly payment plan unless the account becomes             How to apply:                                           _____________________________________________________
past due. Once an account becomes past due there will                                                                   City                        State       ZIP
be a 1 1/2% finance charge on the unpaid balance.               Step 1: Use the worksheet in this brochure to deter-
                                                                mine your annual education costs. You’ll pay that       _____________________________________________________
                                                                amount in 10 equal monthly payments.                    Home/cell phone
Don’t know what to include in                                                                                           _____________________________________________________
your budget?                                                    Step 2: Complete the application. Return it by June     Work phone
                                                                25th along with a check payable to Unity College for    _____________________________________________________
  Don’t worry. You can estimate your education ex-
                                                                the first payment, plus the $75 application fee.        E-mail
penses now, and adjust them once you receive any new
                                       award letters or                                                                 Budget Information
                                       statements.              Send the application to:                                A. Total payment plan amount
                                       (We’ll work with         Unity College, Student Accounts                            (see worksheet)                                                $____________
                                       you to ensure            90 Quaker Hill Road
                                       your estimates                                                                   B. Monthly payment (line A/10)                                     $____________
                                       are reasonable,          Unity, ME 04988
                                       but you’re re-                                                                   C. Application fee (non-refundable)                                $        75.00
                                       sponsible for
                                       paying your bill         Statements                                              D. Total enclosed (lines B + C)                                     $____________
                                       even if you under        Periodic statements are sent for review of proper
                                       estimate your            posting of charges and credits. Any discrepancies       Make checks payable to Unity College. All payments
                                       budget. )                should be brought to the attention of the Director of   must be sent to Unity College, Student Accounts, 90
                                                                Student Accounts immediately.                           Quaker Hill Rd, Unity, ME 04988.

                                                                                                                        I, the undersigned participant, hereby apply for enrollment in the Unity College Monthly

                                                                Questions?                                              Payment Plan. By placing my signature below, I acknowledge I have read and will be
                                                                                                                        required to comply with the terms and conditions of the Monthly Payment Plan as set
                                                                                                                        forth herein. I understand and intend this application will constitute a legally binding
                                                                We’re happy to                                          agreement between the undersigned and Unity College.
                                                                help.                                                   ____________________________________________________
                                                                Call us at                                              Student’s signature                        Date
                                                                207-948-3131 Ext
                                                                261                                                     _____________________________________________________
                                                                                                                        Participant’s signature                    Date
                                                                                                                        Your signature acknowledges your understanding that any financial aid information
                                                                                                                        provided by the College represents its best information at the time of presentation, but
                                                                                                                        may be subject to change and, therefore, is not guaranteed.