New Student Installment Payment Plan Now Available

LEXINGTON, Ky. (Aug. 29, 2016) — University of Kentucky Student Account Services now offers a new payment plan focused on helping ease the pressure of remitting payments in full due at the beginning of each semester. The new Student Installment Payment Plan (SIPP) allows students and their families to extend tuition payments and other charges over the course of the semester.

The Student Installment Payment Plan offers an option to select three to four payments per semester (fall and spring) with a minimum account balance of $500 or more. Prior term account balances for students must be paid in full before registering for the plan.

"We’re very excited to offer the new installment payment plan and hope our students and their families find it helpful to spread tuition and other charges over the course of the semester," said Susan Krauss, UK treasurer. "Thanks to all the UK staff members involved with development of the new payment plan. It’s been a rewarding project for all involved knowing the potential benefit to our students and families, and we hope they take advantage of the option to pay in installments."

The Student Installment Payment Plan was released on Aug. 15. There are nearly 2,000 enrollments of the program to date.

"With this new installment payment plan, I feel that college is more affordable," said UK student Jackie C.

A non-refundable enrollment fee of $50 for each semester, is non-refundable and must be paid at the time of enrollment. Installment payments are due by the 22nd day of each month of the plan. Any changes to charges or financial aid will be adjusted in the following month installment payment amount. The plan also allows for guest payments to be made.

The plan is available to students by logging into myUK, choosing the tab "Student Services," followed by "Financials." Students can authorize parents and trusted guests to enroll in the plan and make payments on their behalf. The plan is also available on the MyUK mobile application via iPhone or Android.

For more information regarding the plan, visit www.uky.edu/studentaccount/content/installment-payment-plan.

For questions, contact Student Account Services at 859-257-3406 or studentaccts@lsv.uky.edu.

UK is the University for Kentucky. At UK, we are educating more students, treating more patients with complex illnesses and conducting more research and service than at any time in our 150-year history. To read more about the UK story and how you can support continued investment in your university and the Commonwealth, go to: uky.edu/uk4ky. #uk4ky #seeblue

MEDIA CONTACT: Rebecca Stratton, rebecca.stratton@uky.edu, 859-323-2395