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Tuition Payment Plans
Tuition payment plans are short-term (12 months or less) installment plans which split your college bills into equal monthly payments. Many such plans are essentially interest-free, but some have fees or finance charges. In most cases the fees are less than $100. Ask about the costs to you before using a tuition installment plan. Tuition installment plans can be a reasonable alternative to education loans if you can afford to pay tuition, just not in a lump sum at the start of the semester. Most tuition installment plans allow you to set up an automatic direct debit from your bank account to pay the monthly bills.
Information about tuition payment plans for private K-12 schools is available on the Private Schools web site. FACTS Tuition Management Higher One Tuition Management Systems
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