Payment Plan Options and Consequence of Unpaid Tuition and Fees:
To help with their tuition obligation, IUCOL offers students two interest-free, installment payment options. Each requires the timely payment of all tuition and fees due under this agreement. With your enrollment as an IUCOL student, you may choose to pay your tuition and fees through either of the following payment options:
A. Payment in Full: The sum of all tuition and fees due each semester for all courses in which you enroll may be paid, in full, on or within 15 days of the first day of classes in each semester in which you enroll.
B. Five-Payment Installment Plan: All tuition and fees due each semester for all courses in which you enroll will divided into five equal payments. The first payment is due on or before the first day of classes in each semester in which you enroll; the next four payments are due on or before the 20th of each subsequent month of the semester in which tuition and fees are incurred. A $50 service fee is charged for this payment plan.
For each semester in which you enroll in any course at IUCOL, you will receive (electronically) a written statement confirming the following: A list of all courses in which you seek to enroll for that semester, the sum all tuition and fees charged for all such courses and confirmation of the payment option chosen to pay all such tuition and fees.
Please Note: If you fail to pay all tuition and fees incurred during any semester by the final week of classes in said semester, you will be permitted to take the final examination for each course in which you are enrolled and earn credit in all such courses. However, unless and until all past-due tuition and fees are paid in full, you may not be permitted to enroll in any course in any subsequent semester. Your continuing failure to pay all past-due tuition and fees due under this agreement may also result in being administratively dismissed from IUCOL. However, as required by California law, notwithstanding your failure to pay all past-due tuition, UCOL will prepare and forward an official copy of your transcripts to any person or entity as you later request.