Can someone explain a few things about loans and college costs please...

<p>Typically, all the money for a given semester (tuition, fees, R+B) is due sometime before the semester starts, in a lump sum. The amount of time can vary, I think several weeks is pretty typical, but each school will have its own schedule.</p>

<p>Many schools offer a program where for a small fee ($50/year or so) they will let you divide the amount due into a series of equal payments, usually 9 or 10 to cover the entire year. You would have to check with U of Miami to see exactly what kind of program they offer, if any. It is probably on their web site somewhere.</p>