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Paying Your Bill
Students will receive financial aid in installments, normally half for fall semester and half for spring semester. An e-mail will be sent to the student's Iowa State account reminding them to authorize the release of financial aid on AccessPlus. They must authorize the release of aid, either by semester or for the full year, for aid to be applied to the university bill.
When the bill to Iowa State University is paid in full, any excess financial aid is refunded to the student's bank account for books, supplies, or other educationrelated costs, including off-campus living expenses.
- Excess funds may be deposited into the student's bank account only after they sign up for "Direct Deposit" on AccessPlus
- Any excess funds for the Federal Direct PLUS will be mailed to the parent unless the parent authorizes the Office of Student Financial Aid to release the money to the student.
Payment Options
The student's university bill is available to view on AccessPlus. An updated billing statement will be available on the first of each month. To view charges or payments that have occurred since the last bill, select "Current Month Activity" on AccessPlus.
The following four payment options are available:
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Pay Bill in Full
Pay the entire amount by the due date listed on the university bill. If financial aid pays the entire bill, any excess will be refunded to the student. If financial aid pays a portion of the bill, the student should pay the balance by the due date. -
Deferred Billing Plan
Pay the university bill in three installments that are due in August, September, and October for fall semester and January, February, and March for spring semester. If the bill has not been paid in full by the due dates (August and January), the student will automatically be enrolled in this plan and assessed a $20 per semester administrative fee. Financial aid is applied to the total bill as it is available and will impact the amount due in each installment. -
Monthly Payment Plan
The student may sign up on AccessPlus for this option. Under this plan, the financial aid is deducted from the total amount owed for the year. The student pays the remaining balance generally over twelve installments starting in April prior to the fall term. There is a $50 enrollment fee which is due with the first payment. Payments are deducted automatically from a checking or savings account.
For more information, visit Accounts Receivable. -
New starting in 2009-2010
Gift Certificate Payment Option
