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What is a tuition payment plan?

Tuition payment plans, also called tuition installment plans, are short-term (12 months or less) payment plans that split your college bills into equal monthly payments. 

Tuition installment plans can be an alternative to student loans if you can afford to pay tuition, just not in a lump sum at the start of the semester or quarter. These payment plans do not generally charge interest, but they may have up-front fees.

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