Payment Plans
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.
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.
To set-up a Payment Plan
- Log into your self-service account if you have not already done so. Select the “Finances” tab at the top of the page and select “Make a Payment.”
- While in your account “Overview” select “Payment Plans”
- Click View Payment Plan options and enter plan amount and click enroll. The plan will be reviewed in October for accuracy.
- The next screen will show a schedule of payments for the plan.
- Accept the terms and conditions before selecting “Continue”.
- Once you have accepted enrolling you will have the option of setting up auto pay.
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 payment plan, you borrow less, and that saves you money on interest. Who knows, you could even graduate debt free!
Fast, Easy Payment Options
The payment plan 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 account, which allows you to view your account information and status, and make payments any time – day or night.
Failure to Pay
In the event of failure to pay three installments in your semester plan will result in the plan being 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 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.
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.
Tuition, Room & Board
Visit the tuition, room & board page to view costs.
Below 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) – (Total Credits): $__________* | |
| *Divide this amount by the total number of months in the payment plan to determine the monthly payment. |
