<p>This is the first time anyone in my family will be attending college in the US, so we are having problems with the payments plans and all. Can someone lay out the different plans? I know there is an university one and an independent one, but what are the differences. The financial site is kind of confusing. And when do we need to select the payment plan <em>datewise</em></p>
<p>And what is direct deposit? Why do I need it? Thank you.</p>
<p>you don’t necessarily need a payment plan. payment plans are for people that have a harder time amassing the money needed to pay off all the tuition and fees at a single time, so they spread the cost through out several installments.</p>
<p>payment plans and deadlines are here:
[University</a> Student Financial Services & Cashier Operations](<a href=“http://www.usfsco.uillinois.edu/prepaymentplan.html]University”>http://www.usfsco.uillinois.edu/prepaymentplan.html)</p>
<p>if you don’t select a payment plan, then you will automatically be billed the first month of the semester for tuition, fees, and housing, which you will have a few weeks for pay off in its entirety. additional fees that you accumulate, such as printing and course fees will be billed each month throughout the semester and they are not part of the payment plans.</p>
<p>direct deposit is used when the university refunds money to you and it is automatically deposited into your bank account. since they don’t mail out checks, you must have a bank account and sign up for direct deposit.</p>
<p>Hey so for the normal non-payment plan, you have to pay the 15k for the first semester at once? And for the payment plan you can spread that 15k for like 5 months, correct?</p>