Wheaton Installment Plan

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The Wheaton Installment Plan (WIP) is excited to offer online payment plans for the 2015-16 school year. It is designed to provide students and parents an alternative to lump-sum semester payments for their education costs. Participants are able to budget costs into equal, interest-free payments that are automatically withdrawn from a checking or savings account. The only cost to participate is a small non-refundable enrollment fee.

There are 3 easy steps...

  1. Determine your Plan Budget: Using the information from the costs tab on this page or your scheduled/bill, calculate your costs for the semester or year and subtract your expected aid to determine your budget.
  2. Decide which plan fits your needs: Plan details are listed below.
  3. Enroll on-line: Make sure you have your bank account information available and then you can enroll online.

Deadline for enrollment in the Annual Plan or Fall Semester Plan is August 6, 2015.

  • Payments will be automatically debited from your bank account on the 10th of each month.
  • Returned payments will be charged a $25.00 service fee.
  • Unpaid balances will prevent registration for future terms.
  • Only annual charges billed through Student Accounts can be budgeted.  This includes tuition, room, board, and course fees.  Books cannot be included.
  • WIP balances are exempt from late charges on current budgeted amounts, when paid as agreed.  Unbudgeted items should be paid directly to Student Accounts and will be subject to late charges.
  • Accounts over 30 days past due will be cancelled from WIP and remaining balances will be subject to normal billing policies which are listed on the Student Accounts page.
  • Budgets may be modified by logging in to your existing account, and must be made at least 3 business days prior to your next scheduled payment.
  • Changes to your designated bank account must be made by contacting the WIP Office.  Contact information is listed below.

Annual Plan

  • Enrollment fee: $50 (included with first payment)
  • Budget your yearly costs (both semesters must be equal) into 10 monthly payments.
  • You must re-enroll each year.
  • Enrollment deadline is July 7, 2015.
  • Late enrollment deadline is August 6, 2015 (2 payments will be drawn in August with the enrollment fee)
  • Payment schedule:
    • 07/10/15
    • 08/10/15 (2 payments drawn for late enrollments)
    • 09/10/15
    • 10/10/15
    • 11/10/15
    • 12/10/15
    • 01/10/16
    • 02/10/16
    • 03/10/16
    • 04/10/16

Semester Plan

  • Enrollment fee: $35 per semester (included with first payment)
  • This plan divides semester costs into 5 monthly payments.
  • You must re-enroll each semester.
  • Fall enrollment deadline is July 7, 2015.
  • Late enrollment deadline is August 6, 2015 (2 payments will be drawn in August with the enrollment fee)

     Fall payment schedule: 

    • 07/10/15
    • 08/10/15 (2 payments drawn for late enrollments)
    • 09/10/15
    • 10/10/15
    • 11/10/15
  • Spring enrollment deadline is December 8, 2015
  • Spring late enrollment deadline is January 6, 2016 (2 payments will be drawn in January with the enrollment fee)

    Spring payment schedule:

    • 12/10/15
    • 01/10/16 - (2 payments drawn for late enrollments)
    • 02/10/16
    • 03/10/16
    • 04/10/16 

Deferred Plan

  • Enrollment fee: $50 per semester (included with first payment)
  • This plan divides semester costs into 3 payments.
  • You must re-enroll each semester.

Fall enrollment deadline is August 23, 2015

    Fall payment schedule:

  • 08/26/15
  • 10/10/15
  • 11/10/15

Spring enrollment deadline is January 6, 2016

Spring payment schedule:

  • 01/11/16
  • 03/10/16
  • 04/10/16

One-Pay Plan

  • Enrollment fee: waived
  • This plan is for those who wish to pay their full semester balance in one payment using automatic debit instead of paying by check.
  • You must re-enroll each semester.

Fall enrollment deadline is August 23, 2015.

  • Payment drawn on August 26, 2015

Spring enrollment deadline is January 6, 2016.

  • Payment drawn on January 11, 2016

 

How will I know if I budgeted correctly?

This is done by comparing your budget to your schedule/bill. You may need to either adjust your budget or make a change to your schedule/bill. Please note that monthly statements default to the student CPO box but may be changed to an alternate address upon the student’s request. Additionally, student account information can be accessed on-line through BannerWeb.

How will my WIP account be reflected on my monthly statements?

Your outstanding Student Account balance will continue to be shown on your monthly statements. Payments made through WIP will also be shown on your bill and will reduce your outstanding balance each month. Please make sure that you compare your outstanding Student Account Balance with your future expected WIP payments to make sure that your balance will be paid in full at the completion of the plan.

What if I show a credit balance in my student account?

Credit balances will only be refunded upon completion of the payment plan. Credit balances may be refigured into your budget, however, at any time during the semester.

Can I register for future semesters if my payment is late?

Payments are due on the 10th of the month. WIP accounts that are not current at the time of registration will preclude those students from registration.

Can I change my housing, meal plan or insurance through WIP?

No, all changes must be made through the respective office(s), listed on the back of your statement or bill. The amount you enter when calculating your budget will not change the amount due on your student account.

Will I be able to view my Installment Plan on-line?

Yes! At enrollment you will create a login and password so that you can view your account and make budget adjustments for future payments. Log-in to your existing account.

Will I automatically be re-enrolled in WIP for future terms?

No. You must re-enroll each semester/year that you wish to participate in WIP.  Applicable fees will be charged for each enrollment.

Are there any plans available for summer tuition?

Installment Plans are only available for Fall and Spring semesters.

How can I contact WIP?

Telephone: (630) 752-5804
Email: WIP@wheaton.edu
Fax: (630) 752-7008

Hours:  Monday - Friday, 10 a.m. - 4 p.m.

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