SEMESTER INSTALLMENT PAYMENT PLAN

GENERAL INFORMATION

The College of Charleston is pleased to offer students enrolled at the College two payment plans to finance the cost of Academic Fees (including lab and matriculation fees), Housing and Food Service Costs over the period of a semester. (The plan may not be used for summer sessions.) The plan is offered exclusively by the college and replaces any past plans including promissory notes. The plan is offered as a service to the student, allowing the student to finance education and related cost over the period of a semester. Students may still elect to make full payment at time of registration.

QUESTIONS ABOUT THE PLAN

Who May Enroll?

Students at the College of Charleston whose academic and other fees total $300.00 or greater.

How Does the Plan Work?

The Four Payment Plan requires a first payment of 25% of the total amount due, plus the $25 Payment Plan Fee, no later than the scheduled semester due date. The remaining balance is payable to the College in three monthly installments (approximately each 30 days). The payment plan expires at the end of each semester and must be renewed by the student each Fall or Spring semester.

The Five Payment Plan requires a first payment of 20% of the total amount due, plus the $25 Payment Plan Fee, no later than 30 days prior to the scheduled semester due date.  The remaining four payments will be billed in monthly installments.  This plan also expires at the end of each semester and must be renewed for the following Fall or Spring.

What Costs Can I Finance with the Plan?

All academic fees (including lab and matriculation fees), housing and food service costs may be included in the plan. Excluded costs are parking, bookstore, late fees, Cougar Cards, and other miscellaneous cost at the College.

What is the Cost of the Plan?

The plan is interest free. The college does assess a one-time administrative charge of $25.00 each semester to offset the additional cost of record keeping and billing.

What if I am Receiving Financial Aid?

Any financial aid received or awarded through the College must be used toward computing the amount financed through the installment payment plan. The payment plan is for the balance remaining after the application of financial aid funds.

How Do I Enroll In the Plan?

Once the bill is received through the email, use the link for “Cougar Trail Payment Options”. Once you are in Cougar Trail, click on “Account Summary and Payment Options”. On that page, you will see the option to divide the balance into the four or five payments. Choosing the payment option will immediately set the payment schedule on the student’s account and charge the initial $25 fee. **College of Charleston reserves the right to refuse payment schedules based on past performance.

What if I Become Delinquent?

The College will assess late fees equal to 3.75% of the balance due for payments not received as scheduled. Further, the college reserves the right to assign your delinquent account to a collection agency and you will be responsible for all collection costs, any additional attorney fees and court costs.

Checks returned by the Bank will result in removal from this plan with the entire amount becoming due and payable.

How Can I Make My Payments?

Payment can be made through eBill or Cougar Trail using an e-Check or Credit Card (Visa, MasterCard, Discover or American Express). Payments may also be mailed to the Treasurer’s Office at:

College of Charleston Treasurer’s Office
66 George St.
Charleston SC 29424

Payment can also be made in person at: 170 Calhoun St (next door to Starbucks) during normal business hours (Monday through Friday, 8:30am – 5:00pm).