The payment plan is available during the fall semester from the first day of classes through the last day of classes. The payment plan is not available during exams, between fall and spring semesters or during summer.
Persons: The payment plan is available to currently enrolled, degree-seeking undergraduate, graduate and professional students. Non-degree seeking students are not eligible. Faculty and staff may finance the purchase of computer equipment through the Duke University Credit Union.
Terms and Conditions
The payment plan is a simple interest, retail installment sale as governed by the State of North Carolina. Additional specific information is detailed on the installment agreement.
Down Payment: A minimum down payment of twenty-five percent of the total purchase price of the computer system is required to participate in the payment plan. The exact down payment must be an amount such that the remaining balance to be financed is an eligible amount as described above. The down payment must be made by cash, credit card, personal check, or Flex points.
Payment Schedule: Eligible buyers may elect a repayment schedule from two to seven installments, depending on the number of semesters until their anticipated degree date. Payments are due, along with tuition and fees, prior to the start of each subsequent semester, or two payments per year. Fall semester purchases will appear on Bursar statements prior to the spring semester, and vice versa.
Interest Rate: For the academic year 2019-2020, payments are calculated using an interest rate of 7.0% APR.
Default: Students whose enrollment
at the University is suspended or terminated for any reason are required to
repay any remaining balance immediately. Payment terms are not affected by leaves
of absence or sabbaticals.