Payment plans are administered through our third party provider, TMS. A student’s out of pocket cost for the term is split into 3 installments (for the summer term) or 4 installments (for fall and spring terms). This is because the summer term is shorter than the fall and spring terms.
Student A owes $650 for the summer term and signs up for a payment plan. Their 3 installments are $216.67 each.
Student A owes $1300 for their fall out of pocket cost and signs up for a payment plan through TMS. They enroll and see that their bill is divided into 4 installments of$325.