Section 0240-10-02-.04 - INSTALLMENT PAYMENT PLAN(1) Students may voluntarily enroll in the Installment Payment Plan (IPP) at the beginning of each semester.(2) Students enrolled in this plan shall be assessed an IPP administrative fee of no greater than $50 for each semester enrolled in the plan. This charge shall be due and payable at registration.(3) All financial aid awarded must first be applied toward payment of mandatory fees. The remaining balance after financial aid and discounts are applied will be divided into equal payments with the final payment due the first day of the last month of the applicable term.(4) A late payment charge in the amount of $25 will be assessed on each installment that is not received by the University on or before the due date.(5) Request for readmittance to the University will be denied to any student who participated in the IPP and who left the University without paying all charges pursuant to the program. Students will not be eligible for readmittance until all delinquent charges and interest on the charges are paid in full.Tenn. Comp. R. & Regs. 0240-10-02-.04
Original rules filed March 18, 2019; effective 6/16/2019.Authority: T.C.A. §§ 49-8-113 and 49-8-203(a)(1)(D).