Financial Aid Deferments

 

SPRING 2014 FINANCIAL AID DEFERMENT OPTION THROUGH THE NBS/FACTS DEFERMENT PAYMENT PLAN

(Available December 16, 2013 through February 20, 2014)

 

You have a responsibility to pay for the classes for which you are registered by the Spring 2014 payment deadline.  If you have submitted your FASFA (Free Application for Federal Student Aid) and released your FAFSA to Purdue Calumet for the 2013-14 aid year, but your awards are not yet finalized, you can choose to do one of the following in order to guarantee your course registration for Spring 2014.

  1. Pay your bill in full via cash, check or credit card for Spring 2014 and receive a partial or full refund once your financial aid has been processed, based on your financial aid eligibility.
  2. Apply for a financial aid deferment by enrolling in an NBS/FACTS Deferment Payment Plan.

This financial aid deferment:

  • Represents a commitment on your part to pay for the classes for which you are registered.
  • Guarantees your enrollment (saves your classes).
  • Extends the time you may need to complete your financial aid file and pay for the outstanding balance on your account, if any.
  • Allows time for your financial aid application (FAFSA) to be processed.

     

Steps to Completing a Financial Aid Deferment

 

Step 1:  To be eligible for a Financial Aid Deferment all the following must be true:

       FAFSA on file

       No holds on your record

       Nothing owed to Purdue Calumet from previous semesters

       No refunds owed to Purdue Calumet

       No loan defaults

       Meeting Satisfactory Academic Progress requirements

       In a financial aid eligible major

       Financial Aid file complete

 

Step 2:  Enroll in the NBS/FACTS Deferment Payment Plan

Designate the guaranteed payment method

  1. Checking or savings account
    • Provide account and routing number
  2. Credit Card
    • Provide credit card number and expiration date

Next Steps

Continue to work with the Office of Financial Aid and Student Accounts to complete your financial aid file so that your financial aid eligibility can be determined.

 

Important Deadline – February 20, 2014

If payment in full is made by February 20, 2014 the following action will occur:

  • Your NBS/FACTS Deferment Payment Plan will automatically be terminated
    • No enrollment fee will be assessed
    • No automatic withdrawals or charges will occur
    • If your account balance is $100 or less, your NBS/FACTS plan will not be activated.  Payment should be made directly to Purdue University Calumet.  View your payment options at http://webs.purduecal.edu/ofasa/student-accounts/paying-your-bill/.

If payment in full is NOT made by February 20, 2014 the following action will occur:

  • A $25 non-refundable NBS/FACTS Deferment Payment Plan enrollment fee will automatically be processed against your checking, savings, or credit card based on the account you chose to use when enrolling in the NBS/FACTS Deferment Payment Plan.
  • Three (3) equal automatic payments will be withdrawn or charged from the account you have designated on the following dates:
    • March 5, 2014
    • April 5, 2014
    • May 5, 2014

Your classes will not be held (saved) until you successfully enroll in the NBS/FACTS Deferment Payment Plan!