All payment plans must finish by the end of November each calendar year.
The length of the payment plan and the instalment amount is determined by how many fortnights or months remain until November. Do not request for a specific instalment amount as it will not be granted.
Each instalment amount is of equal value and students are always given the minimum instalment amount possible. You have the option to make extra payments, but must always pay the minimum instalment amount.
VU also reserves the right to change your minimum instalment amount if your fees/enrolment changes after your payment plan is created, rather than extending/shortening your plan. Refer to the student responsibilities section of this page for more information.
We do not provide an indicative instalment amount. If you want to know roughly how much the instalment amount may be, please refer to the table below.
Example instalments & payments
||Number of months till end November
||$100 ÷ 10 months = $10 per month
||$100 ÷ 5 months = $20 per month
Direct debit process
Once you get a payment schedule, payments will be taken automatically by FACTS via direct debit to your nominated bank account or credit card.
Direct debit payments may have a five-business-day bank-clearing period before they transfer from your FACTS account into your Victoria University account.
You should not make any payments direct to the University as the direct debits still occur. If the dishonour fee was charged, it will not be refunded.
If you want to make extra payments, you must do so through your FACTS account. You have an option to apply your extra payment in any of the future instalments.
In the unlikely event that a student makes a payment directly to VU (this is not encouraged), we will allocate the payment to any arrears first, then equally across all future instalments. We do not allocate the payments to pay the earliest due instalments.