Residence Halls Payment Plan Contract and Promissory Note

Payment Options ACADEMIC YEAR 2008-2009 (AUG 08-MAY 09)

Double Occupancy Rate		Single Occupancy Rate
Double Occupancy 282 days x $11.00	$3,102.00	Single Occupancy 282 days x $22.00	$6,204.00
Mandatory activities fee	$50.00	Mandatory activities fee	$50.00
Pay in full no later than August 1, 2008 to save $200 and avoid $93.00 processing fee	$2,952.00	Pay in full no later than August 1, 2008 to save $400 and avoid $186.00 processing fee	$5,854.00
OR use the payment plan		OR use the payment plan
payment plan incurs a 3% processing fee of $93.00	$93.00	payment plan incurs a 3% processing fee of $186.00	$186.00
Payment Plan:		Payment Plan:
Minimum down payment for move-in	$800.00	Minimum down payment for move-in	$1,595.00
Down payment includes the $50 activities fee		Down payment includes the $50 activities fee
Down payment includes a 3% processing fee of $93.00		Down payment includes a 3% processing fee of $186.00
Total due on or before August 1, 2008	$800.00	Total due on or before August 1, 2008	$1,595.00
Remaining Balance	$2,445.00	Remaining Balance	$4,485.00
Remaining balance to be paid in 3 � payments. 1^st payment due no later than October 7, 2008 2^ndpayment due no later than January 7, 2009 3^rdpayment due no later than March 7, 2009	$815.00 $815.00 $815.00	Remaining balance to be paid in 3 � payments. 1^st payment due no later than October 7, 2008 2^ndpayment due no later than January 7, 2009 3^rdpayment due no later than March 7, 2009	$1,615.00 $1,615.00 $1,615.00

Payment in full or the initial down payment, listed above, must be submitted by the due date listed above via check or money order to the Coordinator of Student Housing in the return envelop provided or it may be delivered in person to building 3000, room 3002 on main campus. All subsequent payments can be submitted via check or money order by the due date listed to 19733 Shasta College Drive, Redding, California 96003 or delivered to room 3002, or they can be made at the Shasta College Business Office in building 100 directly or sent by mail to P.O. Box 496006, Redding, CA 96049-6006. Proof of payment is to be delivered to the Coordinator of Student Housing. Failure to pay your balance � on time, could result in termination of your housing contract. Note: The Shasta College Business Office accepts, checks, cash, Visa or MasterCard. The Coordinator of Student Housing can only accept checks or money orders. If you want to pay by credit card you must first contact the Coordinator of Student Housing at 530-225-4824. Your License agreement must be entered into the system by the Business Office before payment can be made and the license agreement cannot be entered unless the student is registered through Admissions & Records.

Note: Payments accepted any time in any amount, as long as the minimum amount due ($815 or $1,615) is paid by each of the due dates listed.

If you have been approved for financial aid or are applying for financial aid, your financial aid award letter must be issued no later than August 1, 2008 otherwise you will still be responsible for making your own down payment prior to check � in. If the award letter or down payment is not received by August 1, 2008 you will forfeit your occupancy to someone on the waiting list. Out of state students are required to make the down payment regardless of financial aid approval, due to higher out of state tuition costs. Once financial aid is activated the system will begin paying towards the balance due from the charts above, based on your eligibility, and will not follow the dates listed above. You will not receive any funds personally from financial aid, if due any, until the District is completely paid. This means you�ll have out of pocket expenses up front and you�ll need money for food, entertainment etc... Financial aid should only be considered a secondary means of making payments for dormitory occupancy.

Promissory Note

I promise to pay by the due dates listed, all amounts owed on the payment schedule of the �License for Use of Housing�. I also agree to allow the Shasta College Business Office to deduct amounts owed to the District from sources that I might receive through the District, including, but not limited to financial aid. I understand that unless payment is received in full as agreed to in the conditions of the License, my account will be sent to collections, the Credit Bureau will be notified and I will be held responsible for all collection costs and that my housing license may be terminated. Additionally, under Title 5 Section 59410 a �hold� will be placed on my account. I will be unable to obtain my transcripts, grades or diploma, and I will be unable to register for the next school year. Under a penalty of perjury, all information provided is correct and true to the best of my knowledge.

_______________________________________ _________________ _____________________________________ _______________

Student�s Signature Date Co-signer or Responsible Person Signature Date

THIRD PARTY, CO-SIGNER IF THE STUDENT IS UNDER 18 YEARS OF AGE (Must be 21 years old or older and gainfully employed.)

Should the student listed above default on the payment schedule, I promise to pay all the unpaid debts on this promissory note in full, including collection and legal fees.

Relationship: ___________________________________Name: __________________________________________________________________

Street Address: _________________________________ City: _______________________________ State: ____________ Zip: _______________

Telephone #: (____) _____________________________Driver�s License #: ____________________ State: _________ Expiration Date: ________

Place of Employment: ___________________________________City: _______________________________ State: ____________ Zip: ________

Employment Phone #: (____) _____________________________