Tuition Payment Plans Worried that paying private school tuition will strain the family budget, even after you receive financial aid? You still have options! Most schools offer tuition payment plans to help ease the burden. |
How It Works
Many, many families manage their education expenses with tuition payment plans. The process is actually quite simple:
- Inquire with the school for details on their program
- Sign up and begin making payments (usually before school begins)
- Spread tuition expenses over eight to ten months
It's pretty straightforward, and usually much easier than coming up with a huge payment at the beginning of each semester.
The Advantages
Most schools don't require a credit check and don't charge interest. All you have to do to qualify is contact your school and sign up!
Most schools don't require a credit check and don't charge interest. All you have to do to qualify is contact your school and sign up!
Things to Keep in Mind
Payment plans may be administered by the school or a private company. Either way, there's a chance that you'll be charged an application or service fee. (In most cases, this amount is rolled into your payments.) Check with your school for details.
Also, remember that there's a difference between a payment plan and a loan. Understand the terms of your agreement before you sign any paperwork!
For more information about tuition payment plans, please visit our partner: Nelnet Business Solutions.
