Your account charges (including the participation fee), less any pending financial aid awards, will be divided equally into four monthly installments. If you have prior term charges of less than $500, the prior balance amount will be spread evenly over the four installments in addition to the new charges.
For fall semester, initial billing for HIP is in August with the first installment due August 28. The remaining three installments will be due in September, October and November. For spring semester, initial billing for HIP is in January with the first installment due January 28. The remaining installments will be due in February, March and April (see Billing and Due Dates section below).
Any new charges you may incur after enrollment in HIP will be evenly spread over the remaining unbilled installments. For example: if you add a class after the initial installment billing in August, the charges relative to the added class will be evenly spread over the remaining three installments; or, if a parking fine is added to your account after the second installment billing, this fine will be evenly spread over the remaining two installments.
Reductions to your charges will be treated the same as increases to charges. If you have a reduction of charges (e.g., from dropping a class or waiving student medical insurance) after the first installment billing, this reduction of charges will reduce the remaining unbilled installments equally.