Deferment Plan

On-Line Deferment Plan Set Up:

GVSU offers a deferment plan that covers all current semester charges on the student account after financial aid has been applied. Past due balances cannot be included in the deferment plan and must be paid on or before the payment due date. There is a $40.00 non-refundable fee to utilize the deferment plan. The account balance will be broken down into four monthly installments each semester. You need to make a payment on or before each due date. The payment does not automatically come out of your account as we do not save your financial information for security reasons.

When you are ready to make your first installment follow the steps below:

Note: You cannot setup your payment plan without making your first installment.

  • Click on My Banner
  • Enter your USER ID (G#) and Password
  • Select Student
  • Select Student Account
  • Select Student Account Information
  • Click on Setup Deferment
  • Click on Enroll (located under payment plan) then "select"

The minimum amount due is located next to "Amount To Pay"

Deferment Plan Set Up by Mail:

  • Click on My Banner
  • Enter your USER ID (G#) and Password
  • Click on Student
  • Select Student Account
  • Select Student Account Information
  • Select the deferment plan and print the deferment payment plan set up page. Send this in with a payment for the installment amount due.

Deferment Plan Set Up by Phone:

Call the Billing Hotline at (616) 331-2209 in the Grand Rapids area or 1-800-789-1923 toll free. The Billing Hotline is available to take your credit card payment and set up your deferment plan between the hours of 8:00 am and 5:00 pm, Monday through Friday. There is a $20.00 non-refundable fee to pay by credit card.

Terms and Conditions of Your Deferment Plan

  1. A $40 service fee will be assessed for each semester a student is placed on a deferment plan. This fee is non-refundable.
  2. Students on academic probation or in jeopardy of suspension are not eligible to participate in the deferment plan.
  3. Rights to participate in future GVSU deferment plans will be lost if an installment is not paid when due.
  4. You will not be allowed to register for future semesters or process transcript requests if your account is not paid in full or you have not made deferment arrangements.
  5. If your student account is not paid when due, you will be responsible to pay all late fees, collection costs and attorney fees. Delinquent accounts will be sent to a collection agency and placed on your credit report.
  6. All deferment requests are subject to approval by GVSU.
  7. If you default on your payments, GVSU may disclose that you have defaulted, along with other relevant information, to credit reporting agencies.

Fall 2017 Payment Due Dates

1st Payment: August 18, 2017 by 5:00 pm (For any charges assessed on or before August 18) *

August 25, 2017 by 5:00 pm (For any charges assessed August 19 - August 25) *

September 1, 2017 by 5:00 pm (For any charges assessed August 26 - September 1) *

2nd Payment: September 22, 2017 by 5:00 pm

3rd Payment: October 20, 2017 by 5:00 pm

4th Payment: November 17, 2017 by 5:00 pm

* If by the payment due date, you have made a partial payment which is 25% or more of your account balance, you will be placed on a deferment plan and charged a $40.00 non-refundable fee. If it is not your intention to pay by installments, please make sure that your entire balance is paid by the payment due date.

Any charges unpaid by the statement due date will result in a hold on your account and transcript requests and prevent registration activity. Late fees in the amount of 1% will be assessed each month on the past due balance. Delinquent accounts will be sent to a collection agency and will be placed on your credit report. You will be responsible to pay all late fees, cost of any collection agency, which may be based on a percentage at a maximum of 35% of the debt, and all costs and expenses, including reasonable attorney's fees we incur in such collection efforts. All payments that are returned by the bank are subject to a $20 returned check fee. Returned payments made towards tuition or a past semester charge could result in class cancellation if not paid in a timely manner. If a check is returned for insufficient funds we may present it to the bank electronically.



Page last modified July 19, 2017