Private School Tuition Payment Plans

Private school tuition payment plans offer parents the flexibility of monthly payments rather than paying tuition bills in one or two large payments. Here's how tuition payment plans work.

Private school tuition bills are rendered in July and November as a rule. For example, say your annual tuition is $12,000. You could pay the school in two equal installments of $6,000. Payment plans offer another solution by spreading the annual tuition over ten months. More than likely your school will be signed up with one of these providers:

• FACTS Tuition Management Service
  Part of Nelnet, one of the country's largest educational financial management companies, FACTS manages all aspects of the private school tuition payment process for parents and schools.
• HES
  HES offers schools installment payment plans to help parents spread payments over the school year.
• SMART Tuition
  SMART Tuition handles the whole billing process, accounting and customer service side of tuition payments for schools and parents.
• Tuition Management Systems
  TMS has been helping families work those large tuition bills into their monthly budgets since 1985.
• TuitionPay
  TuitionPay offers monthly tuition payment plans for schools so that parents can pay tuition bills in convenient, interest-free payments.
  

Parents should understand that all of the tuition payment plans listed above are actually a service to which the individual schools subscribe. The precise plan to which your school subscribes is a policy matter which the school decides.