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 (Nov. 1 for fall, April 1 for spring, and Aug. 1 for summer). Plans typically start when the first bill for a term is issued (Aug. 1 for fall, Dec. 1 for spring, and May 1 for summer), but you may make payments earlier if you wish.