5.12.5 Payment Plans - History

System Procedures
Chapter 5 - Administration
Board Policy 5.12

Date of Adoption: 05/16/06
Date of Implementation: 08/15/06
Date of Last Review: 05/05/25

Date and Subject of Amendments:

05/05/25 – The Chancellor approved amendments in April 2025, however it was discovered that the version that was approved did not properly identify all proposed changed in the markup. No additional changes were made, but the document was resubmitted for approval by the Chancellor so that all changes could be clearly identified for the record.  

04/23/25 - Amendments consist of technical edits and the application of new formatting and writing standards. Refined language around the number of payments in a payment plan; eliminated Part 3, Subpart C which defined payment plans for terms less than 5 weeks in length.

8/16/16 - Amended Part 1 to be a Purpose statement. Deleted Part 2, Subpart A and clarified language in the Payment in Full and Registration Holds sections. Amended Part 3, to include all “Payment Plan Options”. Amended the minimum expectations for options provided to students. Added a “Past due payment plan” option for colleges and universities and clarifying decision making authority regarding temporarily lifting a registration hold. Deleted Part 4. Additional changes for format consistency and clarity.

10/5/09 - Part 2 was amended so that payment plan options may be offered as long as payment equal to or greater than 15 percent or $300 of total tuition and fees.

08/15/07 - Part 3, the first paragraph was amended. Part 3, Subpart A, the final paragraph was amended. Part 3, Subpart B, the final paragraph was amended. Part 4, the first paragraph was amended. Part 4, Subpart A, the final paragraph was amended. Part 4, Subpart B, the final paragraph was amended. These amendments make the procedure consistent with policy changes.

05/16/06 - at the time of adoption, the following amendments were approved to take effect on August 15, 2007: Part 3, the first paragraph was amended. Part 3, Subpart A, the final paragraph was amended. Part 3, Subpart B, the final paragraph was amended. Part 4, the first paragraph was amended. Part 4, Subpart A, the final paragraph was amended. Part 4, Subpart B, the final paragraph was amended. These amendments make the procedure consistent with policy changes which will take effect at the same time.

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