Payment Plan
EIU offers convenient, flexible ways to pay for your college education. Payment plans are a sensible approach: they allow for smaller, affordable payments instead of paying in one large sum.
EIU offers the Panther Open Payment Plan for each semester. This type of payment plan is offered in order to provide the maximum amount of flexibility for payment within a term. No separate sign-up is required – enrollment is automatic if your bill is not paid in full by the due date of the first statement for a term. This plan allows you to make your payments for various amounts at intervals of your choosing. Your account will be assessed a finance charge of 1% per month, which is the cost to participate in the plan. The only restriction is that you complete your payments by a given date for each term (November 1st for fall, April 1st for spring, and August 1st for summer). Plans typically start when the first bill for a term is issued (August 1st for fall, December 1st for spring, and May 1st for summer), but you may make payments earlier if you wish.
A Panther Installment Payment Plan is currently under development. This plan will allow for fixed amounts to be paid on specific dates and will only be available for fall and spring terms. It will require the completion of a signed payment agreement each semester and will still use the final due dates listed above. More details will be made available when the parameters are finalized.
