A past term balance is an amount you owe Texas Tech University for charges from a previous academic term. Past term balances may result from unpaid tuition and fees, returned financial aid, or other charges that were not fully paid during an earlier term.
If you have a past term balance, Financial Resolutions may be able to help you establish a payment plan. A payment plan allows eligible students to make monthly payments toward their outstanding balance rather than paying the full amount at one time.
Payment Plans
Payment plans for past term balances may be available for up to 12 months. Financial Resolutions reviews each student account to determine eligibility and the payment options available.
To qualify for consideration, your balance must not have been referred to an outside collection agency. If your balance has been referred to a collection agency, Financial Resolutions cannot establish a payment plan for that balance. You must work directly with the collection agency handling the account.
Eligibility and payment options may depend on the status of your student account. A payment plan is not guaranteed, and Financial Resolutions must review your account before an arrangement can be established.
Request Assistance
If you have a past term balance and would like to discuss your payment options, contact Financial Resolutions. Staff can review your account, explain the available options, and determine whether you may qualify for a payment plan.
You can contact Financial Resolutions by:
When contacting Financial Resolutions, be prepared to verify your identity and discuss your student account. Providing accurate information helps staff locate your account and review your specific balance.
Important Information
Before requesting a payment plan, keep the following in mind:
- Payment plans are intended for past term balances.
- Plans may be available for up to 12 months.
- Your balance cannot have been referred to an outside collection agency.
- Financial Resolutions must review your account before a payment plan can be established.
- A payment plan is not guaranteed and may depend on your account status.
- Requirements and available options may change based on your account circumstances and applicable university requirements.
If you are unsure whether your balance qualifies for a payment plan, contact Financial Resolutions for assistance. Addressing a past term balance can help you understand your account status and determine the available steps for resolving the outstanding amount.