Terp Payment plan question?

<p>Is it necessary to use the Terp payment plan?
and how does the payment work?
what are the payment requirements/schedule?</p>

<p>Thanks</p>

<p>It is not necessary to use the payment plan. There was a presentation at the orientation, but I did not take notes, since we are using our 529 to pay the semester bill. You can choose different schedules: 4, 5, 8, or 10 month plans. Each plan has a one time annual fee. </p>

<p>More info: <a href=“http://www.orientation.umd.edu/VirtualFolder/Presentations/FinaidBursar.pptx[/url]”>http://www.orientation.umd.edu/VirtualFolder/Presentations/FinaidBursar.pptx&lt;/a&gt;&lt;/p&gt;