» Payment Plan Frequently Asked Questions
The New Paltz Time Payment Plan allows you to make equal monthly payments toward the cost of tuition, fees, and on campus room and board. By utilizing the Time Payment Plan, you and your family can incorporate the cost of college into the family budget for up to five months (please refer to the enrollment deadlines below). This is not a loan. There is no interest charged. There are no hidden costs. Just add the $25.00 application fee to your first installment. Even if you are receiving scholarships or some financial aid, you may enroll in the Time Payment Plan. It is an easy way to pay the balance of your bill that is NOT covered by aid or other resources. As long as the amount due from you exceeds $500 for the semester, you may enroll in the Time Payment Plan for the balance. Enroll online at my.newpaltz.edu.
How to Enroll
Enroll online at my.newpaltz.edu or by completing the enrollment application*. To calculate your budget you must begin by taking the TOTAL CHARGES from your student invoice. You must then deduct any financial aid awards, such as a Stafford Loan, Unsubsidized Loan, Perkins Loan, Tuition Assistance Program (TAP), Pell Grants, private scholarships, etc. from this total. Note: Work Study should not be deducted.
The amount eligible for the Time Payment Plan is limited to the semester’s balance after financial aid or any other third-party assistance is deducted and must be $500.00 or more.
There is a non-refundable Application Fee of $25.00 to participate in the Time Payment Plan. This fee is assessed for each semester of enrollment in the plan. Enrollment in the Time Payment Plan covers only the current semester; you must reapply if you would like to continue in the payment plan for future semesters.
Please refer to the due date on your invoice, as well as the payment plan enrollment deadline dates listed below, to determine the appropriate payment plan option you must use. Note: you cannot choose a payment plan option in which the enrollment deadline date has already passed. To avoid late penalties you must begin your payment plan option by the due date on your invoice. Example: if the due date on your invoice is August 10th, you must begin the 4 month payment plan no later than August 10th, even though the 4 month option is available until August 15th. Similarly, if this same invoice is received in time to make the July 15th enrollment deadline date for the 5 month option you may do so, even though your invoice due date is not until August 10th.
Payment Plan Enrollment Deadlines
(Refer to your invoice due date)
July 1 . . . . . . . . . . . . . . . . . . . . . 5 month fall semester plan
August 1 . . . . . . . . . . . . . . . . . . . 4 month fall semester plan
September 1 . . . . . . . . . . . . . . . . 3 month fall semester plan
January 1 . . . . . . . . . . . . . . . . . . 5 month spring semester plan
February 1 . . . . . . . . . . . . . . . . . . 4 month spring semester plan
March 1 . . . . . . . . . . . . . . . . . . . . 3 month spring semester plan
Any changes to your New Paltz Time Payment Plan can be viewed on my.newpaltz.edu. If you have any questions regarding your account, please contact the Office of Student Accounts via e-mail at stuacct@newpaltz.edu or by phone at (845) 257-3150.
