The Cerro Coso Financial Aid Payment Plan is a tailored solution for students dealing with out-of-state tuition balances or overpayments from dropping courses in current term. Instead of a lump-sum payment, the plan breaks down the student’s outstanding balance into manageable installments which offers flexibility. The plan includes specific details such as total owed (financial aid overpayment from current term, out of state tuition and fees), duration, and payment frequency. The plan aids students with temporary financial constraints while ensuring their commitment to meeting financial responsibilities.
Eligibility Requirements
To be considered for the payment plan, the student must acknowledge the following:
- The student’s balance is originating from either:
- Out-of-State Tuition and Fees and/or
- Overpayment due to withdrawal from courses in current term
- The student must be enrolled in current or future term
- The student has completed a FAFSA or CADAA application before applying to determine their financial aid eligibility
- If the student is not receiving financial aid, they must settle Enrollment Fee charges before enrolling in an Installment Plan ($46.00 per unit enrolled, e.g., if the student is enrolled in 12 units, 12 units multiplied by $46.00 per unit for a total of $552.00)
- The student is only eligible for one payment plan per semester
Failure to meet timely payments will result in the cancellation of the student’s payment plan and an administrative registration hold will be placed on their account - Reevaluations of payment plans are considered on a case-by-case basis and require one week’s advance notice of any changes
- International Students cannot submit an Installment Plan until after their first semester of attendance
- Effective Fall 2024, the student cannot be considered for an Installment Plan if they have outstanding balances from prior semesters
Payment Plan Options
Cerro Coso offers two payment plan options to students who elect to enter into an approved enrollment and fee payment plan. They can choose to select either:
- Monthly payment plans (suitable for students that do not receive financial aid)
- Payment plan tailored to align with the student’s financial aid disbursements
