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  2. Tuition, Scholarships and Financial Aid
  3. Payment Plans

Payment Plans

 

Trent offers various payment plans each term.  Students are encouraged to enroll in a payment plan in order to budget and schedule their payments, avoid registration blocks and late payment fees.  **Payment plans are ready and will be visible once term charges are applied** 

Contact:  campuspayment@trentu.ca

 

HOW PAYMENT PLANS WORK

  • Payments are made in equal installments (biweekly or monthly) and are based on term fees/balances owing
  • Payments are processed automatically on the installment due date
  • Enrollment fee is due at the time of plan registration
  • Budget and schedule your payments so you never miss a deadline
  • Avoid late fees and account restrictions with your on-time payments
  • Real-time payments update your student account immediately
  • Students and their authorized users can enroll in payment plans
  • Payment Plans will be available once charges are applied to the student account   e.g. Early to Mid August for Fall Term

COST OF THE PLAN

  • $150 non-refundable enrollment fee is due, at plan enrollment
If all payments are made on or before the payment due dates, no additional fees will be charged.
  • Late payments will be billed a $25.00 late fee for each late payment
  • Returned payments will be billed a $40.00 return fee 

ELIGIBILITY

To be eligible to participate in the plan, you must be:

  • A current student
  • Have charges in the applicable term 

DEADLINE TO APPLY FOR A PAYMENT PLAN

  • There is no deadline to enroll in a payment plan.  If a student enrolls after payments are due within the plan, the student is required to pay the missed installments at the time of enrollment  
 

HOW TO ENROLL

  • Log-in to myTrent > Finances > My Account > Account-Make a Payment icon
  • Review the installments
  • Add your payment method
  • Review the agreement and accept the terms and conditions
  • Receive your confirmation
  • Review your installments at any time through the student self-service portal

 

 PAYMENT METHODS - must be set-up at the time of plan set-up

***PADs - Pre-authorized debit from your bank account - please ensure your monthly installment amounts do not exceed your daily debit card limit
Credit Card via PayPath - an additional fee of 2.65% is added to your installment payment amount
 

 

ADDITIONAL INFORMATION

  • All payment plan payments must be in good standing to remain on the payment plan.  If your payment plan is not in good standing, an account restriction will be added to your student account and there will be a hold on future registration. 
  • Registering for a payment plan to pay down past due fees does not remove the restriction on the student account or entitle the student access to further registration including access to official documents - including grades, transcripts, and degree or diploma certificates.   
  • Installment amounts will auto-adjust as the account balance owing fluctuates
  • Receipt of Financial Aid or scholarships do not count as an installment payment.  These credits simply reduce the amount owing and will reduce the remaining installment amounts equally.
  • The payment plan service charge is non-refundable. 
  • Once the plan for the term has been approved, the installments are static.  
  • Accounts will be restricted and late fees and interest may apply if there is an outstanding balance after the final installment due date for the term.
 
 

FAQ'S

WILL I RECEIVE PAYMENT DUE DATE REMINDER NOTIFICATIONS?

Yes, email reminders will be sent to your myTrent email account approximately 2 weeks before the due date.  Emails are sent as a courtesy and must not be relied upon.  It is the student's responsibility to adhere to the scheduled due dates.
 

IF I DROP A COURSE WILL I RECEIVE A REFUND?

The payment plan installments will be auto-adjusted as debit/credits appear on your student account.  

 

IF I RECEIVE A BURSARY AND/OR SCHOLARSHIP AFTER I HAVE AN APPROVED PAYMENT PLAN, CAN I REQUEST A REFUND?

Your payment plan will auto-recalculate installment amounts as bursaries, scholarships and other payments/charges are applied to your student account.  
 

CAN I ENROLL IN ONE PAYMENT PLAN FOR TWO TERMS?

No, payment plans are offered to current students only one term at a time.

 

What is an Authorized User in the Student Payment Center?

 A student may authorize others, (parents, guardians, bands, employers) to view billing information and pay bills on the students behalf.  Please note, authorized users do not have access to the student's stored payment methods, academic record or other personal information.

 

 

 

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