If a Payment Plan account is delinquent in any amount by 15 days or more, Student Financial Services reserves the right to remove the participant from the Payment Plan. Any payments made on the Payment Plan will be applied to the student account if the student is registered. If the student is not registered, any payments made will be refunded to the applicant. Once a Payment Plan has been canceled due to delinquent payment, the normal University of Michigan financial regulations and payment schedules will apply. Payment Plans terminated due to delinquent status may not be reinstated for the current Payment Plan year.