<p>Has anyone used the Monthly Payment Plan provided by the Tuition Management System (<a href="http://www.afford.com)?%5B/url%5D">www.afford.com)?</a> It sounds pretty cool and for 70 bucks (enrollment fee) you can split you bill into 10 or 12 months with no interests. I mean if you put $58k into a bank for a year and say the interest rate is 1%, you can totally pay the 70 bucks enrollment fee from the interests from the bank. Any comment?</p>
<p>I think most students use TMS from what I know. I do, and it’s worked out fine so far and been easy to roll with. There are no hidden fees or anything, it’s just a service CMU partners with.</p>
<p>oh that’s nice… it sounds awesome and i think i will use it. Thank you!</p>
<p>We use it for both kids.</p>
<p>They prepay CMU and the amount then shows up on your CMU invoice as a credit.</p>
<p>Don’t ever be late (we don’t) and go with automatic check deduction to be sure-- as the late fee is $100! </p>
<p>Most colleges use this service.</p>
<p>You’re right- if you are paying anything over 20-30k a year, the interest savings alone make sense.</p>
<p>I also recommend the tuition insurance should you be illness or accident prone. We took it the year of the mystery flu or whatever that was Fall 2009-- thankfully D didn’t get it. Peace of Mind for 40k tuition refund was worth the 300 premium.</p>