In an ongoing effort to help students and families plan, prepare and pay for their education, the University of Colorado Boulder is implementing new tuition and fee payment plans for the upcoming academic year including fall, spring, summer and annual plans.
Offered through the Bursar’s Office and administered by NelNet Business Solutions, these plans offer undergraduates, graduate students, and their families the option to spread payment of the tuition and fee bill over several months without incurring interest.
“We’ve heard from families that additional flexibility would help when it comes to paying tuition and fees,” said Kelly Fox, senior vice chancellor and chief financial officer. “In certain situations, students or families have the money available over the course of a semester, but it’s harder to come up with one payment.” Ěý
The new plans allow students and authorized payers the choice of three to five payments depending on the semester as well as a plan for summer.
Initial response from a pilot of the plan this semester has been very positive, Fox said, including feedback that the flexibility could allow students in certain situations to accept lower loan amounts. Ěý
For the pilot, information was posted on the website but not advertised. Over 1,000 students enrolled and participated for the spring semester.
The enrollment fee of $25 per plan for a semester or $45 for the annual plan (fall, spring and summer) covers the cost of offering the plan through NelNet Business Solutions.
While a two-payment plan has been available for several decades, the new plan offers families additional options in terms of more monthly installments at a lower cost. The previous plan allowed the bill to be paid in two installments for fall and spring semesters with a 1 percent finance charge on the deferred amount. It was not available for summer.
More information and instructions on how to enroll is available at .
Contact:
Malinda Miller-Huey, CU-Boulder media relations, 303-492-3115
