With one college age child and two headed that way, I am always on the lookout for ways to manage the enormous tuition burden. My goal was to find ways to ease the burden without a lot of time and with guaranteed success. I discovered Tuition Payment Plan – a plan that spreads the payment of yearly tuition over 10 months with NO FEE. The plan deducts the monthly fee from your checking account and then they pay the University directly. The plan has a couple advantages. It allows me to hold my 529 savings a bit longer and the monthly installments are much smaller than the huge upfront sum so I can sometimes pay the installment out of my monthly cash flow. Check with your College or University for their payment plan or check out finaid.org for other plans.
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