Monthly College Tuition Payments

One way that colleges have tried to make it easier for students to pay their tuition is through the use of monthly payments. Instead of having to pay for a semester or year in one lump sum, it can be divided up into 12 payments over the course of a year.

Some schools charge an enrollment fee, usually in the range of $50 or less to take advantage of this program. As long as you make the payment with a check or automatic withdrawal from your bank account, there are usually no other fees or interest charges.

If your school allows you to make the payment with a credit card, however, there may be credit card fees tacked on. In the long run, therefore, you will be paying more for your tuition.

If you are interested in this type of payment plan, be sure to check with your college to find out exactly what extra charges you may have to pay.