Do we owe an interest to the univ if we choose this option?

Originally Posted by Richa

Do we owe an interest to the univ if we choose this option?

Right above the option:

Flex Plans - the following plans require a minimum payment amount and will be assessed a $35 Flex Plan Fee per term as well as interest charges. Please select the option that best suits you.

Okay im confused about this. If I pay the full 60% installment on time, then the full 40% installment on time, I still incur interest? (plus the 35$ fee)
Is the interest at least less than if I clicked "Pay in Full" and didnt pay on time?

No it wouldnt beIf you chose the Payment in Full option and dont pay on time a per-term $35.00 Flex Plan Fee (charged per-term only if you carry a balance) will be automatically assessed to your Student Account. If payment is not made by September 30th, interest will be charged (please see belo

Originally Posted by Melanieee

Okay im confused about this. If I pay the full 60% installment on time, then the full 40% installment on time, I still incur interest? (plus the 35$ fee)
Is the interest at least less than if I clicked "Pay in Full" and didnt pay on time?

It's like when you buy anything, if you aren't paying in full then you will have to pay interest.