<p>Ok so my dad wants me to find this out...</p>
<p>Can we pay the tuition bit by bit? As in not all at once? And if so, do we have to pay more overall to do this? </p>
<p>Thanks!</p>
<p>The room and board is paid in ten monthly installments for any year where you take a housing contract (stay in dorms). </p>
<p>Tuition is billed by the semester. </p>
<p>If you want, rather than paying the entire semester’s tuition when it is billed (e.g. Aug 15 for Fall semester), you can pay 1/5th of the tuition on that date. You are automatically selecting a payment plan, which allows you to pay the remaining tuition in monthly installments of another 1/5th. If you take this time payment plan, you will see a $40 charge added to your bill - that is $40 per semester for every semester where you pay less than the full tuition for the semester (when you pay bit by bit). </p>
<p>That plan is actually more flexible than if you signed some fixed payment plan. Here are the constraints and options:</p>
<p>As long as you pay 1/5th of the tuition when it is first billed to you, you are on the flexible payment plan. That flexibility will cost you $40.</p>
<p>Each month you must have paid enough back so that the remaining balance is no more than (5-x)/5 where x is the month number, counting up from the initial bill as 1. </p>
<p>You can pay the entire remaining balance or some portion in any month. If it fits your needs, you could pay 1/5th the first month, 3/10th the second month, 1/10th the third month, and 2/5 the fourth month. As long as you don’t owe more than ‘expected’ balance in a month (e.g 3/5th after the second monthly payment), you are okay.</p>
<p>You can make more than one payment per month if someone wants to pay from a weekly or bimonthly salary. From when you receive the first bill for the semester, submit 1/10th immediately, 1/10th half a month later, and then send 1/10th twice each month. On a weekly basis, you would pay 1/20th each week (and be a bit ahead over timebecause a month has more than 28 days). The CARS accounting system will merrily accept all payments and adjust the running balance.</p>