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Do some colleges and universities offer interest-free monthly payment plans for the current year s tuition and fees, books, and room and board?

April 26, 2017Colleges interest-free Offer payment plans universities year

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Do some colleges and universities offer interest-free monthly payment plans for the current year s tuition and fees, books, and room and board?

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Yes, more colleges and universities are using billing agencies to administer monthly payment plans for tuition, fees, books, and room and board. You generally pay a nominal annual fee (around $50) and then monthly payments prorated for projected annual expenses. This is attractive for parents who can meet monthly cash flow payments but do not have sufficient accumulated education savings. Check with the college s Registrar s Office to determine if such a plan is offered. Also, look through financial aid materials in the college s application packets.