<p>We received the letter concerning payment plan options through Tuition Management Systems. There is an $82 enrollment fee, but no interest. </p>
<p>It sounds like a good deal, but I would far prefer to be able to put D's tuition etc. costs on a credit card.</p>
<p>Has anyone used this service? Does it work well? Have you had any problems?</p>
<p>i’ve been wondering this as well… just got the letter yesterday. </p>
<p>i think we’re going to do it… no interest sounds GREAT to me…</p>
<p>Briefly looked into that, and figured out that there was a huge service fee to put it on a credit card.</p>
<p>Yeah, we will probably go ahead with it. I guess they make their money by people forgetting to make the payment ($40 penalty) and the $80 annual fee.</p>
<p>But the interest that accrues on $40,000 over one year at 1 percent interest is $400, so there is benefit in delaying payment even if you have all of the cash on hand.</p>
<p>It just has a “too good to be true, something for nothing” feel to it that makes me nervous . . . .</p>