Payment Plan

Payment Plan

You can voluntarily enroll for free in the PSU Payment Plan as soon as tuition is posted on your account for the term. The last day to voluntarily enroll in the payment plan is the first due date of the term. 

Enrollment is mandatory and automatic for accounts with a balance after the first due date of the term. To avoid automatic enrollment in the payment plan, your account balance must be paid in full before the first due date of the term. Monitor your student account for new charges, such as library charges or materials fees, that may be added to your account throughout the term. These must be paid in full before the next payment due date, or your account will be subject to automatic payment plan enrollment.

Students are issued a new bill every term, and must sign up for the PSU Payment Plan and autopay every term.

Late Fees, Holds, and Cancellations

If your account has not been enrolled in the payment plan or paid in full by the first payment due date, your account will be automatically enrolled in the payment plan and you will be charged a $100 late fee. If the first payment due date is missed, the balance due will be split between the two remaining due dates. A $100 late fee is charged for each missed payment. Registration and transcript holds are placed on accounts with multiple missed payments, see the financial holds policy for more details. Pre-registration for classes is cancelled if an account balance is not paid in full by the third installment.

PSU Payment Plan Due Dates

  Fall Term Winter Term Spring Term Summer Term
First Installment Due October 6 January 14 April 6 July 6
Second Installment Due November 6 February 6 May 6 August 6
Third Installment Due December 6 March 6 June 6 September 6

Enroll in the PSU Payment Plan

Follow the steps below to enroll in the PSU Payment Plan. You will be enrolled in a three-payment plan over the course of the term and prompted to enter an automatic payment method which is required. If you wish to pay in cash for your payment installments, you must do so at least one day before the 6th of the month to prevent the automatic payment from processing. Once you have completed enrollment in the PSU Payment Plan, a confirmation receipt will be emailed to your Portland State University student email account which you should keep for your records.

Signing up for the PSU Payment Plan does NOT automatically enroll you for autopay. You must sign up separately for autopay and re-enroll in both the Payment Plan and autopay every term.

  1. Go to Banweb and log in to your PSU student account.
  2. Navigate to the Student Finances tab and select Enroll in the PSU Payment Plan.
  3. Choose Yes, continue on Cashnet Site.
  4. On the right hand side of the screen, in the first box, select Enroll in the <TERM> Payment Plan.

Once enrolled in the payment plan, each of your payments will be applied toward the next outstanding installment. Any financial aid payments will reduce your overall account balance and therefore recalculate the remaining installments. You always have the option to pay off your entire balance at once. 

All students that incur a current term tuition or housing balance are eligible to participate in the payment plan, with the exception of students who are enrolled only in restricted differential tuition (RDT) courses (also referred to as self-support courses).

Signing up for the PSU Payment Plan does NOT automatically enroll you for Autopay. You must sign up for Autopay separately, and re-enroll in both the Payment Plan and Autopay every term. 


Set Up Automatic Payments

Students have the option of enrolling in Autopay for their PSU Payment Plan, authorizing PSU to automatically remove the installment amount from the student's selected blank account on the due date each month. Participating in autopay requires students sign up for the PSU Payment Plan AND authorize autopay on the CashNet website. If you want to enable a third party to pay on your account, you may do so whether or not you are enrolled in autopay. Any payments will be applied toward the next installment of your plan reducing the upcoming installment amount. The outstanding balance will be processed on your auto-payment.

You must manually sign up for Autopay every quarter, even if you are automatically enrolled in the payment plan. To initiate autopay to withdraw a payment from your bank account every month:

  1. Go to Banweb and log in to your PSU student account.
  2. Select the Student Finances tab.
  3. Click Enroll in the PSU Payment Plan and Yes Continue on CashNet siteIf you’ve already set up your bank account, select Enroll in Your [TERM] Payment Plan.

Unsuccessful Transactions

Credit Card: For various reasons, the credit card holder’s bank may decline an autopay transaction. The system will attempt to run the card three times on the due date. If none of these attempts are successful, the payment will be considered missed and a $100 late fee will be charged to the account. For large payments and when using credit cards issued by foreign banks, it is recommended that you contact your bank in advance to advise them that a transaction from Portland State University is expected.

Echeck: There are various reasons for which payers’ banks decline echecks. The most common reasons are ‘invalid account’ or ‘account not found,’ which is often the result of user typing errors when entering account information. Make sure the account you are intending to use is eligible for echeck or ACH. When in doubt, talk to your bank. Any returned check or echeck will be assessed a $25 returned check fee. Check writing privileges will be suspended after two failed check or echeck payments. The $100 late fee applies to installments missed due to unsuccessful echeck payments. View our returned checks page for more information.