GH Hall

Business Office

Payment Plan

Students who register for classes at Reynolds have the option to apply for the TMS Payment Plan through MyReynolds April 13 – May 28 (for Summer 2015). Students must initiate the TMS Payment Plan contract by the corresponding Reynolds payment due date or the student will be dropped from classes for non-payment.


Note: Deadlines to enroll in TMS Payment Plan that are listed on the brochure are NOT the same as Reynolds tuition payment due dates. Reynolds deadlines take priority. Please review the Tuition Payment Due Dates section for a listing of the Reynolds deadlines


Once logged into MyReynolds and registered for classes, you can apply for the TMS Payment Plan through the VCCS SIS Self Service page by clicking on the Apply for Payment Plan link. Participation in the payment plan may be accomplished only through this website; payment plan application by mail or telephone or at Reynolds is not available.


Financial aid cannot be factored in with the payment plan. Students with third-party authorizations must first contact the Business Office so student account balances can be adjusted prior to initiating the payment plan contract.


Summer 2015 payment plan contract balances will automatically be increased to match changes in tuition and fee balances up until May 28. Your installment payments will be adjusted accordingly. Students who wish to have their payment plan contract balances decreased must request the adjustment no later than ten Business days prior to a scheduled installment date.  Decreases are permitted through June 8 by emailing the Central Business Office at ecashier@reynolds.edu. Classes added after May 28 must be paid in full directly to Reynolds at time of registration. Please review the Academic Calendar for registration dates and payment deadlines.

 

Students who wish to terminate their TMS agreement must contact the Reynolds Central Business Office by email  at ecashier@reynolds.edu. For terminations to take effect before a scheduled payment date with TMS, written request must be received ten (10) days before the scheduled payment date. Students who default on TMS payments or fees at any time can be terminated by TMS and classes will be dropped.


To participate in the TMS Automatic Payment Plan, log on to MyReynolds then click on VCCS SIS Student Information System.  You may apply for the TMS Payment Plan  by clicking on Apply for Payment Plan .


Summer 2015

Plans available beginning April 13, 2015

 

Enrollment
Fee

Plan Terms

First Non Deposit
Due Date

Deposit
%

Last Date to
Enroll

$40

Deposit + 2 Payments

5/20

50%

5/5

$45

Deposit + 1 Payments

6/20

60%

5/28



Frequently Asked Questions about the Payment Plan

I don’t have a checking account, savings account, or credit card. Can I still enroll in the program?

No. In order to enroll in the TMS Payment Plan, you must have a bank account or credit card.

Is there an additional fee for using a credit card instead of a bank account?

Yes. TMS charges an additional fee 2.5% for using a credit card.

How much is the fee that is charged for using a credit card?

The amount of the fee is based upon the amount of tuition.

When will the enrollment fee be taken out of my account?

The enrollment fee payment is taken out immediately.

When is the down payment taken from my bank account or charged to my credit card?

The down payment is taken out immediately.

I enrolled in TMS and the down payment has been taken out but when I check my student account online it still shows a balance, why?

Reynolds and TMS computer systems are separate; therefore even though payments are being taken out by TMS it will still show a balance on the school’s system. Once Reynolds receives funds from TMS near the end of the semester we can post those payments to your Reynolds account. If you were current on all your payments with TMS this should zero out your balance with the school.

I am adding or dropping a class.  Will my payment plan agreement automatically be adjusted?

Increases will automatically be made only through May 28, 2015. Students who wish to have their payment plan contract balances decreased must request the adjustment no later than ten days prior to a scheduled installment date.  Decreases are permitted through June 8, 2015 by emailing the Business Office at ecashier@reynolds.edu. From May 29-June 8 only decreases and terminations are allowed on TMS contracts. Students must contact the Business Office to have any adjustments made during this period. 

I need to change the bank account that the payments are being taken out of, can you change this?

Reynolds is unable to do this. You will need to contact TMS at 800-337-0291.

I want to change the payment date, can you do this?

No. TMS has strictly established payments dates on the 20th of each month, unless the 20th falls on a weekend or holiday. If so, then the payment will be attempted on the next business day.

How do I terminate my TMS contract?

Students who wish to terminate their TMS contract must contact the Business Office by email at ecashier@reynolds.edu. For terminations to take effect before a scheduled payment date with TMS, written request must be received ten (10) days before the scheduled payment date. Students who default on TMS payments or fees at any time can be terminated by TMS and classes will be dropped.

I have dropped my classes that were paid by using the TMS Payment Plan. When do I get my refund? Refunds for TMS Payment Plan participants are issued once the funds are received from TMS at the end of the semester.