At the April Board meeting, the USG Board of Regents announced a decision to allow Georgia Tech to offer students an optional payment plan for tuition and mandatory fees beginning with the Fall 2012 semester. The payment plan allows a student to defer payment for fifty percent (50%) of the current term’s tuition and mandatory fee balance. The deferrable balance is calculated after all actual and expected financial aid is applied to the student’s account. Under the payment plan terms, half the deferred balance is due September 17, 2012, and the remaining amount is due October 15, 2012. Deferred payments must be made through an automatic deduction from the student or parent’s bank account. All elective charges such as housing, parking, and meal plan, as well as the other fifty percent (50%) of tuition and fees must be paid by the final payment deadline for the term. Additionally, when the payment plan option is elected, a $75 enrollment fee is assessed per term to offset administrative costs. Students must make both scheduled deferred payments via automatic deduction from their bank accounts, as agreed upon, to avoid withdrawal from the Institute. More information about signing up for the payment plan and automatic deduction of installment payments is available at http://www.bursar.gatech.edu/payment_plan.php.