• Forms
• Student Privacy / FERPA
• Mission Statement
• Contact Us
• FAQs

We are aware that families are finding it more difficult to pay for educational expenses in one large payment each semester. Therefore, as a service to your family, Virginia Tech is proud to offer the Budget Tuition Plan (BTP) for your consideration. The BTP allows parents and/or students to make 4 monthly payments per semester for tuition and fee by using direct debits from a checking account. In addition to tuition, charges such as housing, software, dining plans, comprehensive and program fees can be included. Participation in the BTP is optional and available to all students.

Please note that the Budget Tuition Plan is not available as an option to pay Summer term tuition. The plan is only available for use for the Fall and Spring terms.

How to Apply

The on-line application is currently closed.

If you wish to submit a paper application, you may download and print the BTP Brochure and Application (PDF) and mail it along with the application fee. A worksheet for calculating the amount of your budget tuition plan payments is included.

Terms and Conditions

• A completed BTP application and $65 application fee must be received by the semester tuition payment deadline to avoid a late payment fee of 10% of past due balance, not to exceed $100 per term. Also, if the balance of the account is not completely covered by BTP or other means, the student's enrollment for that term may be cancelled and a reinstatement fee of $75 as well as the 10% of past due balance late payment fee assessed. The Late payment fee will not exceed $100 per term.
• Prior Participation - A new application must be completed and the application fee must be paid each academic term or year. Participation in the BTP does not carry over from year to year.
• The BTP allows you to budget one semester only or both Fall and Spring semesters using one application. If you choose to budget for each semester separately, a separate application will be needed for each semester and the application fee will be assessed for each application. It is to the student's benefit to apply for both semesters at one time (one application fee) and cancel if the BTP is not needed for the Spring semester
• A checking account is the only way to take advantage of the BTP. Savings accounts, money market accounts, equity line accounts, and credit card accounts may not be used. The financial institution must be a member of an automated clearinghouse (ACH) located in the United States. It is the responsibility of the payer to verify with their financial institution the accuracy of the requested information.
• A voided check is requested with the submission of a paper application, but not required to participate in the BTP; however, providing one can aide in processing your application in a timely manner. Virginia Tech will not be responsible for any returned debits due to incorrect account information.
• The application fee is non-refundable. If, for any reason, the $65 non-refundable fee is returned unpaid, the plan will immediately be cancelled and tuition and fees will be due by the tuition payment deadline date. A $25 returned check fee will also be assessed to the student's account.
• Returned Items - If a debit is returned, a $25 returned debit fee will be assessed to the student's account. A late payment fee of 10% of past due balance, not to exceed $100 per term, may also be assessed. Virginia Tech will not resubmit any returned debits. Two returned debits during the academic year will result in cancellation of the BTP for the academic year and any unpaid balance on the student's account will be due immediately. Multiple returned items may prevent participation of future BTP terms. If for any reason the check for the initial payment is returned unpaid, it will be counted as one returned item. In the event of default or a chargeback from the bank for insufficient funds, the student will be responsible for the penalty fee and interest at the highest rate allowed by law, for all reasonable administrative costs, collections costs and attorney's fees incurred in the collection of whatever funds are due. A hold will be placed on the student's records until payment for the returned item has been received. All returned items should be paid by cash, cashier's check, or money order.
• Be sure to have funds available in the designated checking account 2-3 days prior to debit date to prevent returned debits by your financial institution.
• Cancellations and Changes - All requests for changes to the initial BTP application must be in writing (email acceptable). Any changes to bank account information must be received no later than 5 business days prior to the effective debit date. Increases, reductions, or cancellation of debits must also be received no later than 5 business days prior to the effective debit date. If not specified, the debit change will be reflected in all remaining debits. Virginia Tech will not make changes to an account without proper written authorization. If you need to cancel or make changes you may use the Budget Tuition Change Form (PDF) or email your request along with your name and student identification number to bthelp@vt.edu. The Budget Tuition Change form must be mailed to Virginia Tech Bursar's Office, 150 Student Services Building, Blacksburg VA 24061, faxed to us at 540-231-3238 or delivered to the University Bursar Customer Service Windows in 150 Student Services Building.
• Debit Amounts - The total amount budgeted is payable in 4 installments per semester to be withdrawn on the third Friday of each month. Fall debits will begin in August and end in November; Spring debits will begin in January and end in April. Past due charges from previous semesters and other miscellaneous charges may not be included in the amount budgeted. Do not assume the student's account is paid in full because of participation in the BTP. If the BTP amount is less than the total due, the payer should adjust the debits or pay, with a separate payment, the remaining amount due by the tuition payment deadline.
• Refunds - No Refunds will be given while there are scheduled debits remaining for the semester. If a refund is due, the payer should contact the Office of the University Bursar in writing to reduce or cancel the BTP. Enrollment in direct deposit is recommended for receiving any refund. Students will be notified by email when a refund has been processed. All refunds are payable to the student. Please refer to the Bursar website Refund Policy at http://www.bursar.vt.edu.
• Change in Student Status - The BTP office is not automatically notified of changes in student status. If the student has a change in residency status (in-state vs. out-of-state), resigns or withdraws from the university, reduces course load, co-ops, or is academically suspended, the student or payer must notify the Bursar's office in writing 5 business days prior to the next debit date to adjust or cancel the BTP. Failure to do so may result in unnecessary debits being withdrawn from the authorized bank account. Please refer to our Refund Policy on our website of http://www.bursar.vt.edu.
• Please note that the processing time for reductions, increases, cancellations, and bank information changes is 5 business days.

All questions concerning the BTP should be directed to the Office of the University Bursar, 150 Student Services Building (0143), Blacksburg VA 24061, 540 231-6277, bthelp@vt.edu. Budget Tuition Plan services are also available at the Customer Service Windows of the University Bursar's Office in 150 Student Services Building.

To comply with the provisions of the Family Educational Rights and Privacy Act of 1974 (FERPA), Virginia Tech will not release information to anyone without the student's permission. The student may grant access to information for parents or others by completing the FERPA Disclosure form in Hokie SPA.

Virginia Tech does not discriminate against employees, students, or applicants on the basis of race, color, sex, sexual orientation, disability, age, veteran status, national origin, religion, or political affiliation. Anyone having questions concerning discrimination should contact the Equal Opportunity and Affirmative Action Office at 336 Burruss Hall, Blacksburg, VA 24061 or phone 540 231-7500.