The National Directory of Certified Public Accountants

Ask A CPA - College Planning & Financial Aid

Do Some Colleges Offer Interest Free Monthly Payment Plans For The Current Year'S Tuition And Room And Board ?

Some colleges are using billing agencies to administer monthly payment plans for tuition, room and board and books. Generally, you pay a nominal yearly fee ($25-$75) and then monthly payments prorated for projected, annual expenses. This plan is available for parents that can meet monthly cash flow payments, but do not have sufficient education savings. Check with the college's Accounting Office to determine if this type of plan is offered.

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