Tuition Payment Plan
Offered through Higher One, the Tuition Payment Plan offers you the opportunity to make interest-free monthly installments of tuition, fees, on-campus housing, and books. It works well for families who can’t afford their entire tuition bill at one time.
How does it work?
The Tuition Pay Plan allows you to split your semester bill into smaller amounts, payable over a four month period. You will owe the same amount of your semester bill, but will have more time to pay and your payments are much smaller. There is a $35 enrollment fee to join the plan.
How does it make tuition more affordable?
It’s interest-free and gives you longer to pay. Once your bill is stretched into interest-free installments, the need to borrow is minimized or eliminated. Borrowing less means you pay less interest which can add up to great savings. Another benefit of the plan is Tuition Protection Coverage (TPC) which allows for the Plan’s balance to be paid in the event of the death of the bill payer.
How much do I have to pay each month?
Payments can be stretched over a four month period. For example, if you owe $2,500, you would pay four monthly installments of $625 each. Your first installment would include the $35 enrollment fee, making the first payment $660.
What if I can’t afford to pay that much?
You don’t have to pay the entire bill with the Tuition Pay Plan. If needed, loans are available to cover any amount that your current income and savings can’t cover.
How do I enroll in the Tuition Pay Plan?
To enroll in the Tuition Pay Plan, you must complete the online application and pay the first monthly installment immediately upon completion of the application.