Payments

Payment Plan Options

Undergraduate & GraduatePayment Options Icon

Dear Members of the SMU Community:

In order to assist families with tuition costs, SMU and Nelnet Campus Commerce have partnered on your behalf to provide a variety of payment options.  The payment plans allow you to pay your Student Account charges in monthly installments.  Payment plans are available for Fall, Spring and Summer Terms.  The plans are not available for Jan, May, August and Winter Terms.

In order to avoid a SMU late payment fee of up to 3% of the unpaid balance, please consider one of the below payment options or make full payment directly to SMU by the SMU payment due date.  If you enroll in a plan close to or after the first installment is due, a down payment will be required upon enrollment.

Twelve Month Payment Plan - This annual plan permits payment in 12 installments (6 installments per term): July 5 through December 5 for fall and January 5 through June 5 for spring. The non-refundable enrollment fee is $100. The deadline to enroll is August 10.

Annual 12 Month Payment Plan

Enrollment Period

Required Down Payment

Number of Payments

Automatic Payment Processing Date

June 1 - July 2

0

12

July - June 5

July 3 - July 26

16%

11

Aug - June 5

July 27 - Aug 10

33%

10

Sept - June 5

 

Ten Month Payment Plan - This annual plan permits payment in 10 installments (5 installments per term): August 20 through December 20 for fall and January 20 through May 20 for spring. The non-refundable enrollment fee is $130. The deadline to enroll is September 30.

Annual 10 Month Payment Plan

Enrollment Period

Required Down Payment

Number of Payments

Automatic Payment Processing Date

June 1 - Aug 16

0

10

Aug - May 20

Aug 17 - Sept 11

20%

9

Sept - May 20

Sept 12 - Sept 30

40%

8

Oct - May 20

Six Month Payment Plan - This term plan permits payment in 6 installments: July 5 through December 5 for fall and January 5 through June 5 for spring. The non-refundable enrollment fee is $50 per term. The deadline to enroll is August 10 for fall and January 20 for spring.

 

Fall 6 Month Payment Plan

Enrollment Period

Required Down Payment

Number of Payments

Automatic Payment Processing Date

June 1 - July 2

0

6

July - Dec 5

July 3 - July 26

16%

5

Aug - Dec 5

July 27 - Aug 10

33%

4

Sept - Dec 5

 

Spring 6 Month Payment Plan

Enrollment Period

Required Down Payment

Number of Payments

Automatic Payment Processing Date

Nov 1 - Jan 3

0

6

Jan - June 5

Jan 4 - Jan 20

16%

5

Feb - June 5

 


Five Month Payment Plan - This term plan permits payment in 5 installments: August 20 through December 20 for fall and January 20 through May 20 for spring. The non-refundable enrollment fee is $65 per term. The deadline to enroll is September 30 for fall and February 20 for spring. 


Fall 5 Month Payment Plan

Enrollment Period

Required Down Payment

Number of Payments

Automatic Payment Processing Date

June 1 - Aug 16

0

5

Aug - Dec 20

Aug 17 - Sept 11

20%

4

Sept - Dec 20

Sept 12 - Sept 30

40%

3

Oct - Dec 20

 

Spring 5 Month Payment Plan

Enrollment Period

Required Down Payment

Number of Payments

Automatic Payment Processing Date

Nov 1 - Jan 17

0

5

Jan - May 20

Jan 18 - Feb 8

20%

4

Feb - May 20

Feb 9 - Feb 20

40%

3

Mar - May 20

This summer plan permits payments in 3 installments: May 20, June 20, July 20. The non-refundable enrollment fee is $75. The deadline to enroll is June 10.

Please note that the Summer payment plan may overlap with the Fall and Spring plans so arrange accordingly should you decide to enroll.

Summer 3 Month Payment Plan

Enrollment Period

Required Down Payment

Number of Payments

Automatic Payment Processing Date

April 1 - May 17

0

3

May 20, June 20, July 20

May 18 - June 10

33%

2

July 10

A student or an “Authorized Payer” can enroll in one payment plan per term.  Multiple payment plans per term are not permitted.  The student or Authorized Payer who creates the payment plan will become the “Plan Owner”.  Changes to the payment plan can be made by the student, Authorized Payer, SMU and Nelnet Campus Commerce.  Please note that changes made to the “Payment Profile” and "Payment Method" (bank account or credit card information) can only be made by the Plan Owner.

Follow the below instructions for enrollment information: 

Student Enrollment:

  • Log into your my.SMU account
  • Select Student Homepage
  • Click on the Financial Account tile
  • Click on SMUpay on the left-hand menu (Make sure pop-up blocker is off)
  • Click on Payment Plan in the QuikPay menu

 

Authorized Payer Enrollment: 

  • Automatic payment is required to enroll into a payment plan. Once payment plan is set up, manual payments should not be made to SMU unless payment plan does not cover SMU Student Account charges.
  • Payments must be made via automatic deduction (ACH) from a regular United States checking or savings account or via credit/debit card (American Express, Discover and MasterCard). ACH payments are free of charge. Credit/debit card payments will be assessed a non-refundable 2.75 percent service fee per transaction (charged by Nelnet Campus Commerce).
  • ACH payments are processed on the 5th or 20th of the month, depending on which payment plan you select. When the 5th or 20th falls on a weekend or holiday, ACH payments are processed the following business day.
  • Dates and plan terms may be subject to change without notice.

A key to a successful payment plan is budgeting correctly. If the payment plan is budgeted incorrectly, your payment plan must be adjusted. In this regard, SMU will decrease your payment plan if the plan exceeds the actual costs. If your payment plan does not cover the actual costs, you will need to either increase your payment plan or pay the remaining balance to SMU by the SMU due date or you will receive a SMU late payment fee of up to 3% of the unpaid balance.

Please follow the below instructions to adjust your payment plan: 

Students

  • Log into your my.SMU account
  • Click on the Payment Plan tab in the QuikPay menu
  • Click on the Agreement ID# for the payment plan
  • Click on Balance Management
  • Click on the circle to Increase your Estimated Balance by the Amount you Enter Below if you wish to increase your payment plan or
  • Click on the circle to Decrease your Estimated Balance by the Amount you Enter Below if you wish to decrease your payment plan
  • Type in the amount to increase or decrease the payment plan by
  • Click continue

 

Authorized Payers:

  • Log into http://quikpayasp.com/smu/bursar/authorized.do
  • Click on the Payment Plan tab in the QuikPay menu
  • Click on the Agreement ID# for the payment plan
  • Click on Balance Management
  • Click on the circle to Increase your Estimated Balance by the Amount you Enter Below if you wish to increase your payment plan or
  • Click on the circle to Decrease your Estimated Balance by the Amount you Enter Below if you wish to decrease your payment plan
  • Type in the amount to increase or decrease the payment plan by
  • Click continue

1. When can I enroll in a payment plan?

• Fall and Annual plans are available starting June 1
• Spring payment plans are available starting November 1
• Summer payment plans are available starting April 1

 

2. May I enroll in a payment plan for prior term or future term charges?

Payment plans are term specific and cannot be used to pay prior or future terms.

 

3. Is it possible to have more than one payment plan per term?

No, only one payment plan per term is permitted.

 

4. What happens if my payment is rejected?

If your monthly installment payment is returned for any reason, Nelnet will notify the Plan Owner and student via email and will reattempt to process the monthly installment from the account provided. The reattempt will occur on or around the 5th of the month for the 6 Month, 12 Month and Summer plans. The reattempt will occur on or around the 20th of the month for the 5 Month and 10 Month plans. If the reattempted payment is returned, your payment plan will automatically terminate without any further notice to you. Upon termination, all unpaid balances will be immediately due and payable to SMU. Furthermore, we reserve the right to refuse your participation in future Nelnet payment plans.

If a payment is returned, a $30 returned payment fee is assessed by Nelnet Campus Commerce. This fee will not reflect in your SMU Student Account since it is not assessed by SMU.

 

5. What happens if my payment plan terminates?

If your payment plan terminates due to two returned payments to Nelnet, you are no longer eligible for future payment plan options.

 

6. Can I enroll in a payment plan if my balance is not yet determined?

Yes, you can enroll in a payment plan based on an estimated amount. You can estimate the Student Account charges that will be assessed and deduct off any anticipated financial aid. Once your charges and financial aid are determined, you can adjust your payment plan (refer to How do I Adjust my Payment Plan).

Please make sure that your SMU Student Account is fully covered by the SMU payment due date to avoid the SMU late payment fee of up to 3% of the unpaid balance.

 

7. What charges can be included in the payment plan?

All Student Account charges can be included in a payment plan. Miscellaneous Account charges must be paid directly to SMU.

 

8. How do I update my bank account information used for my payment plan?

Only Plan Owners can change the Payment Method (the current bank account or credit card used for scheduled payment plan payments). Please keep this in mind when enrolling in a payment plan. If you are a student, but not the Plan Owner, you will not be permitted to update the Payment Method. If the student is the Plan Owner, only the student (not the Authorized Payer) is permitted to update the Payment Method.

Follow the below instructions to update the Payment Method:

Students who are Plan Owners:

  • Log into your my.SMU account.
  • Click on the Payment Plan tab in the QuikPay menu.
  • Click on the Agreement Id#.
  • In large box, next to Payment Method, click on Change Payment Method.
  • Make and save changes.


    Authorized Payers who are Plan Owners:

  • Log into http://quikpayasp.com/smu/bursar/authorized.do.
  • Click on the Payment Plan tab in the QuikPay menu.
  • Click on the Agreement Id#.
  • In large box, next to Payment Method, click on Change Payment Method.
  • Make and save changes.

     

    9. Can I make payments to SMU outside of the payment plan?

    No, your payment plan is set up with automatic payments. Making a one-time payment to SMU does not automatically stop or adjust the timing or amount of the next regularly scheduled automatic payment. Please note, that if your payment plan does not cover your entire SMU Student Account balance, you will need make a manual payment to SMU or increase your payment plan to include the shortfall amount.

     

    10. I have questions about my payment plan.

    For assistance with your payment plan, please contact Nelnet Campus Commerce at 888-470-6014 from 7am-9pm Monday–Friday and 9am-2pm on Saturdays. You can also contact the SMU Bursar’s Office via email at enroll_serv@smu.edu or by phone at 214-768-3417 from 9am–4pm Monday, Tuesday, Thursday and Friday and 10am–4pm on Wednesdays.