<p>I think parents might be more knowledgeable of this since they are the ones paying..
like the university said the tuition is about $12,000 for a year</p>
<p>so is it like you pay $6000 before each semester?
or do they make u pay all 12k right away before the year starts?
and which month do they make you pay?</p>
<p>I need to know in advance so i can tell my dad how to prepare, thanks.</p>
<p>Most schools bill by the academic period - semester or quarter.</p>
<p>You should be able to find the due dates on the U web site. GO to the section for current students. Or just use the search function.</p>
<p>Check with your school's bursar's office (or whatever it may be called at your school). It seems that most kids pay by semester with one payment at the beginning of each semester, but some schools have payment plans so you can pay in installments. This you have to find out on your own. Every school is different.</p>
<p>this is from San diego state U:</p>
<p>Payment of Registration Fees and Tuition</p>
<p>It is SDSU policy that tuition and registration fees are paid before the beginning of the semester. The registration process is not complete until all fees and tuition are paid, or the Installment Contract is signed. Registration fees must be paid by your fee payment date or you will not be able to register through Regline on your access date. Tuition must be paid for all classes that were registered through Regline by the Friday before classes begin. A fee payment form, found in the Class Schedule, must be completed and turned in at the time registration fees are paid. Your registration may be cancelled for the following reasons: dishonored check, non-payment of fees and tuition before classes begin, and non-payment of tuition installments.</p>
<p>therefore if it is the beginning of each semester, and the year tuition is 12k, can i just estimate that around the beginning of each semester i have to pay 6k dollars?</p>
<p>That's right, you pay 1/2 the tuition each semester, plus room and board if applicable, plus activity fees, healthcare etc.</p>
<p>Some schools will let you pay in monthly installments.</p>
<p>
[quote]
Some schools will let you pay in monthly installments.
[/quote]
And you can usually find all of these details on the website as well. If they have the plan, there will probably be a brochure coming to you sometime soon; but the details should be available now on the web.</p>
<p>With these plans (I think Academic Management is one company) the student pays a fee of about $50 and begins equal monthly payments in June before the fall semester, with the payments spread out over 10 months. That means you get April and May off before you start paying again. We used it and liked it very much - the $50 payment seems very reasonable for what amounts to a short term loan.</p>
<p>If you're awarded loans or grants, that amount is deducted from your total year's cost. Divide the remainder by 10 and that will be your monthly fee.</p>
<p>ok and how much do you pay when you are entering as a freshmen for the first time?
do u have to pay deposits, registration or whatnot fees?</p>
<p>You will get a bill for tuition/fees/dorm/food plan. Depending on the school, you may also need to pay additional fees when you register for classes. Consider paying the Capitol One or another credit card which will give you airline miles. You probably need to have a payment plan in order to pay by credit card but the plan costs may be worth it.</p>
<p>Those fees don't ever go away - you will pay them each year, and don't be surprised if they go up each year. You pay them with the tuition and room and board, if any. Again, check the website, and if you still have questions, call the school and find out how they divide them out. Some schools ( a few) load all fees up front, others divide them by semester.</p>
<p>
[quote]
he $50 payment seems very reasonable for what amounts to a short term loan.
[/quote]
</p>
<p>If you do the math, you would find the payment plans do NOT provide any kind of loan. Take a look at the timing of the payments. You make three payments BEFORE the tuition bill is due, and two payments after.<br>
The interest earned on the early payments offsets the interest due on the later payments. The fee is profit.</p>
<p>This is oversimplistic, of course, but I can assure you that you do pay a price for the convenience. Just do the math, looking at timing of payments under the plan versus direct payment to the U.</p>
<p>yes, in addition, on the monthly plan, there's a fee for a late payment, I'm gonna guess $50, so given of course the high volume that's a moneymaker.</p>
<p>Each school is different! We pay ten payments a year and it's charged automatically to our Capital One Credit card. We are not charged any service fee from the college.</p>
<p>kathiep</p>
<p>Actually, your deal has become quite rare. Because of the fees for charging to a cc (the fees to the seller, not the buyer/cardholder) run a few percent, most colleges have stopped taking cards. </p>
<p>Think about it. Essentially, those that pay without a card, by check or money transfer, subsidize those that pay by charge card. Is that fair?</p>
<p>We use TuitionPay this year and AMS last which allows up to spread the costs over 10 months. This allows us to pay tuition and fees without taking any funds out of investments and taking a capital gains hit. </p>
<p>Tuition first year came out of our son's UGMA account per our agreement. This year we are paying the tuition($6000) and he is paying room/board expenses($4800) because it is the lesser amount.</p>
<p>newmassdad,
I know we have a great deal, albeit a rare one, and I appreciate it. My point is that people on this forum tend to think (or say) that this is the way it is.. just because that's how it is at their students school. My daughters school offers this as one of three or four ways to pay.</p>
<p>kathiep,</p>
<p>Got it. I just remember a few years ago, just before my D started, when you read (or heard of friends) getting enough mileage points for free air tickets just by paying tuition by credit card. Sounded too good to be true, and it is, now, for most folks. If you have the benefit at no cost, fine. But it has, sadly for most of us, become a former opportunity.</p>
<p>USC still takes credit cards. Considering the cost of their tuition, I really rack up those Marriott points.</p>