Monthly Payment Plan
Wentworth Institute of Technology offers an interest-free monthly payment plan in partnership with Tuition Management Systems (TMS). By setting up a payment plan, students may divide the cost of the academic year over nine or ten payments and receive monthly statements from TMS. Payments are remitted directly to TMS by the fifth of every month and are forwarded to Wentworth at the end of the same month
More information about TMS, as well as online enrollment, is available at the TMS website. Upper-class students on Fall co-op and in Spring/Summer courses may want to consider enrolling in TMS's Summer co-op plan rather than the traditional Fall/Spring plan.
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TUITION MANAGEMENT SYSTEMS (TMS) Payment Plan Details |
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Plan Type |
# of Payments |
First Payment Date (Current Year) |
Last Payment Date |
Enrollment Fee |
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Full Year |
12 |
April 5th |
March 5th (Following Year) |
$75.00 |
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11 |
May 5th |
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10 |
June 5th |
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9 |
July 5th |
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8² |
August 5th |
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Fall Only |
5 |
June 5th |
October 5th |
$60.00 |
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4 |
July 5th |
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Spring Only |
5 |
November 5th |
March 5th (Following Year) |
$60.00 |
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4 |
December 5th |
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○ This is a no-interest monthly payment plan. ○ Each monthly payment is determined by taking the total budget (the remaining balance after subtracting any aid or loans) and dividing it by the number of installments (months in the plan). (E.g. A $3,000 budget on a 5-payment plan, for instance, would result in five $600 monthly payments.) ○ If two subsequent payments are missed, the plan will be cancelled and a $100 late fee may be applied to the student’s WIT account balance. The student may also be ineligible for future payment plans. ² Because this plan starts after the bill due date, interested families will need to contact their student’s billing counselor directly to enroll. For questions, or to enroll, please call TMS directly at 1-800-722-4867, or visit their website at www.afford.com |
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