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General Notice

Spring 2023 Instruction of TIP for Undergrad and General Grad School 2022.12.20
Common Financial Accounting Team

<Spring 2023 Semester Instruction of Tuition Installment Plan (TIP) for Undergraduate and General Graduate School>




[Application period]

▶ December 26, 2022 (Mon) - February 9, 2023 (Thu)



[Students NOT qualified for TIP]

▶ Freshmen, Re-admitted students, and Transfer students for the Spring 2023 Semester (only the first semester)

Students who have applied for a government guaranteed students loan

▶ Students who have applied for research guidance without registered credit (12/100 payment)

Students who failed to make one of the payments during the last semester(Fall 2022)'s tuition installment plan

▶ For 4 installments, scholarships, or extra semester reduction of an amount greater than 3/4 of tuition.

▶ For 2 installments, scholarships, or extra semester reduction of an amount greater than 1/2 of tuition.


 

[Application and change procedures]

▶ Visit Yonsei portal system (http://portal.yonsei.ac.kr/main/indexe.jsp) → Academic Information → Registration → Application for installment payment


 

[Periods and methods of TIP]

Installment

Registration Period

Tuition

Method

2

Installments

1st

Feb. 17, 2023
- Feb. 23, 17:00

50% of tuition + Miscellaneous fees

Deposit in Woori Bank virtual account

(Credit card is NOT available)

2nd

Apr. 7, 2023
- Apr. 10, 17:00

50% of tuition

4

Installments

1st

Feb. 17, 2023
- Feb. 23, 17:00

25% of tuition + Miscellaneous fees

2nd

Mar. 17, 2023
- Mar. 20, 17:00

25% of tuition

3rd

Apr. 7, 2023
- Apr. 10, 17:00

4th

Apr. 28, 2023
- May 2, 17:00

* Please keep in mind that the deadline for each payment is 17:00 on the last day of each period



[Please Note]

▶ Credit card payments are NOT available for TIP applicants.

▶ Overseas remittance must be confirmed within the scheduled payment period. Remittance has to be received by a Korean bank within each payment period.

▶ Due to bank charges and exchange rates, students are strongly advised to remit 5~10% more to prevent any disadvantages for overseas remittance. The remaining balance will be returned to the bank account registered at Yonsei Portal.

▶ Students returning to school can apply for the installment payment plan before applying to return.

If the 1st payment is not made properly, the TIP will be automatically canceled, and the full tuition must be paid during the additional application period (March 10, 2023 - March 13).

If the TIP is not paid properly, the TIP will be automatically canceled, and the full remaining balance must be paid immediately. If the balance is not paid, it’s considered unregistered, and the semester cannot be completed according to the school regulations. (NOT CARRIED OVER TO NEXT PAYMENT).

If the TIP is not paid on time, the application for TIP for the next semester is prohibited.

If the application is complete, the date and time of application will be displayed at the top of screen 

▶ Applications for installment payment can only be made during the designated period and if not qualified, it will be cancelled without notice.

▶ If there’s reduction (taking extra semester or receiving scholarships), the amount of TIP is calculated on the basis of full tuition and the amount of reduction will be deducted from the final payment
case) Tuition: KRW 4,120,000, 2 installments, KRW 1,000,000 scholarship (Total payment: KRW 3,120,000) → 1st TIP: KRW 2,060,000/ 2nd : KRW 1,060,000



Vice President for General Affairs,

Yonsei University