The TuitionPay Plan www.TuitionPayEnroll.com
From Sallie Mae
TuitionPay is the interest-free, debt-free way to spread tuition payments over a number of months for each academic year. The TuitionPay Plan is not a loan, so there are no interest payments, only a low annual enrollment fee.
The plan allows you to break down your yearly education expenses into easy-to-manage installments, rather than one lump-sum payment. It’s simple and convenient.
Why Pay Monthly?
Your investment in education increases dramatically when you rely on loans or other interest-bearing options.
Paying as much as possible from current income and savings is an easy way to minimize that debt – especially if you can spread those payments over several months.
With the TuitionPay Plan, you borrow less, and that saves you money on interest. Who knows, you could even graduate debt free!
Benefits to Paying Monthly
- Manageable monthly payments
- Lower overall education costs
- Funds remain in interest-bearing accounts longer
- Free personalized guidance by TuitionPay Counsultants
Fast, Easy Payment Options
TuitionPay is all about convenience. That’s why we offer you the option to make your payments online by eCheck or credit card, or by mail with your monthly statement. Or if you prefer the worry-free simplicity of automatic deductions from your checking or savings account, you can sign up for recurring payments with our ACH plan.
Manage Your Account Online
Once you’re enrolled, you can set up your own InfoLink account, which allows you to view your account information and status, and make payments any time – day or night.
Fees and Other Charges
An annual enrollment fee of $60.00 is required to participate in the annual plan, $35 for the semester plan and this fee is non-refundable. A fee of $25 will be charged for any insufficient fund transactions. In addition, a fee of $30 will be assessed for late payments.
Failure to Pay
In the event of failure to pay three payments in the case of the annual plan, OR two payments for the semester plan, enrollment in the plan will be terminated. Any remaining balance will be due in full immediately.
Errors in Budgeting
You are responsible for the entire amount of your college expenses regardless of whether you make any errors when calculating your monthly payments.
Important Enrollment Dates
Application Date/Number of Payments for the Annual Plan
June 1st, 10 payments
June 2nd to July 1st, 9 payments
July 2nd to August 1st, 8 payments
*August 31st is the last date that applications will be accepted for the annual monthly payment plan
Application Date/Number of Payments for the Fall Only Plan
July 1st, 5 payments
July 2nd to August 1st, 4 payments
August 2nd to September 1st, 3 payments
*September 14th is the last date that applications will be accepted for the Fall Only payment plan
Application Date/Number of Payments for the Spring Only Plan
December 1st, 5 payments
December 2nd to January 1st, 4 payments
January 2nd to February 15th, 3 payments
*February 15th is the last date that applications will be accepted for the Spring Only payment plan
The due date for payments is the 1st of each month.
2008-2009 Fees
To assist you in planning your budget, following are the 2008-2009 fees:
Tuition full-time - $17,220
Estimated Room & Board - $7,580
Part Time Tuition - $1,722 per 3 credit hour class
Calculating Your Budget
When calculating your budget needs, we realize you may not be certain of your exact expenses or deductions for the coming academic year. For this reason, you may estimate your annual budget needs for the purpose of enrolling in the payment plan. You are free to change your budget amount during the course of the plan, upward or downward, when more accurate information becomes available.
Following is a template for determining your monthly payment
Expenses
|
Tuition: | $_________ |
| Room & Board:
| $_________ |
| Other (Lab fee, books, insurance,
etc.): | $_________ |
| Total
Expenses: | $_________ |
Credits/Financial Aid
State & Federal
Grants: $_________ State & Federal
Loans: $_________ TU
Scholarships & Grants: $_________ Other Credits (Deposits, local scholarships): $_________ Total
Credits: $_________
Total Expenses less Total Credits: $__________
*Divide this amount by the total number of months in the payment plan to determine the monthly payment.
How to Get Started
Just visit www.TuitionPayEnroll.com, click “Enroll Now” and in a few easy steps your enrollment will be complete.
For more information please contact:
Julie Starkweather, Bursar
Tiffin University
155 Miami Street
Tiffin, OH 44883
(800) 968 - 6446 ext. 3409