UTECH INTRODUCES FLEXIBLE PAYMENT PLAN

UTECH INTRODUCES FLEXIBLE PAYMENT PLAN

In an ongoing effort to assist students in the payment of fees, the University of Technology, Jamaica (UTech) has introduced a new Flexible Payment Plan.

President, Prof. the Hon. Errol Morrison, OJ says that the University recognizes that students are finding it increasingly difficult to pay the cost of their tertiary education and as such UTech wants to give its students every available opportunity to be in a position to pay for their education.

The Flexible Payment Plan which comes into effect August 1, 2008 gives students three payment options:

1. Payment in full at the beginning of a course of study. This represents the lowest cost to the student. To access this option, fees must be paid in full at the start of each year in the course of study.

2. Payment by Semester. With this payment plan, students have the option of making two (2) payments (Semester 1 and Semester 2) or making three (3) payments for the 12 months continuous programmes or four (4) payments for the 18 months continuous programmes. Payments must be made prior to the start of each semester.

3. Monthly Payments. This is the most flexible of the plans; however it is the most costly. The first payment will be equivalent to two installments plus one year’s ancillary fees. There after payments are due the 28th of each month. Monthly payment plans are not available for situations where the fee due is less than JA$ 45,000.

Payment Selection Mode
All students (new and returning) are required to select one of these three payment options online using the University’s E-Vision student system prior to the start of their course of study. Students who make no selection by July 10, 2008 will be assigned the default, monthly payment option.

Students who are sponsored by UTech or have special scholarships or other sponsored fee payment plans are advised to contact the Financial Aid Office for specific details on the arrangements for financial clearance.

Students who are in arrears on December 28 of any year will be deregistered. Students who are on the monthly payment plan and who fall 90 days into arrears at any stage will be automatically “deregistered” and may be ejected from classes or have their exam cards withheld.

Late fees will attract a charge of $1,000 per month

For further information students may contact the Finance and Business Services Division at UTech.