<p>I would suggest giving entering students the option of choosing between the current payment method (pay up front tuition), the proposed payment deferral plan, or some combination thereof. The “combination option” would be where you pay a partial tuition up front, and then you choose whether you want to pay a lower percentage over 20 years, or pay 5% over a fewer number of years. (Let the bean counters in Sacramento figure out the algorithms.)</p>