A PayPal subscription is billed on the same date of the month (date, not day of the week) as when the subscription was first initiated. So for example, if a subscription is created on February 5th, then the next payment would be drawn on March 5th, then April 5th, May 5th, and so forth. PayPal does NOT send advance notice of when a payment is to be drafted. If funds are not available on the bill date, then PayPal will attempt to draft a payment again in 5 days. If the second attempt to collect fails, then PayPal will attempt to draft a payment once more in another 5 days, or 10 days after the original payment due date. If the payment is unsuccessful after the third attempt, then the subscription will be suspended and your student account will be marked as inactive. We do not charge penalty fees for late or non-payments.