Payment Plan

The payment plan is the interest-free, debt-free way to spread tuition payments over a number of months for each academic year. The payment 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.  Itís 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 Ė especially if you can spread those payments over several months.

With the payment 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

Fast, Easy Payment Options

The payment plan is all about convenience.  Thatís 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 youíre enrolled, you can set up your account, which allows you to view your account information and status, and make payments any time Ė 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
July 1st, 10 payments
July 2nd to August 1st, 9 payments
August 2nd to September 1st, 8 payments
September 30th 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
August 1st, 5 payments
August 2nd to September 1st, 4 payments
September 2nd to October 1st, 3 payments
October 15th 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
January 1st, 5 payments
January 2nd to February 1st, 4 payments
February 2nd to March 1st, 3 payments
March 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. 

2014-2015 Fees

To assist you in planning your budget, following are the 2014-2015 fees:
 
Undergraduate
Tuition Full-Time - $21,510
Estimated Room & Board - $9,870
Part Time Tuition - $2,151 per 3 credit hour class
 
Graduate
MBA & MSCJ $700 per credit hour
MEd $450 per credit hour
MH $500 per credit hour
 
Degree Completion Programs
$430 per credit hour

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.

 

For more information please contact: 
Julie Starkweather, Bursar
Tiffin University
155 Miami Street
Tiffin, OH 44883
(800) 968 - 6446 ext. 3409 
starkweatherja@tiffin.edu