|
Tuition Payment Plans
|
After the advance tuition payment is made, there is a pending balance for tuition and for Residential Colleges, if applicable, which can be paid in one of the following plans:
Cash Payment
Payment of account statement’s “outstanding balance” on the dates specified. This plan exempts the student from paying interest.
Deferred Payments *
This consists of monthly payments for tuition and Residential Colleges during the term (four for semester programs and two for trimester programs). This plan includes a financial cost of 3.2% monthly interest on the unpaid balance.
The account statement includes the amount to pay (“amount due on date”) and must be paid during the specified period. In case the payment is late, a monthly 6% arrears interest will be added to the unpaid balance.