Payment Plans

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Mount Holyoke College Payment Plan        

• TuitonPay works well for families who can't afford the entire tuition bill at one time, or those who want to hold on to their interest-earning savings a little longer.
• The expected family contribution is paid in ten (or nine) monthly installments, with the first payment due on June 1 (or July 1 for the nine month plan) and the last on March 1.
• An application fee of $55 is required. There are no other financing charges.
• Use the TuitionPay budget calculator to create a personalized payment strategy using a combination of the Monthly Plan and a parent loan.
• Incudes Tuition Protection Coverage.  Tuition Protection Coverage (TPC) is an added benefit of the TuitionPay plan.  Should the bill payer die, the Plan's balance will be protected (full details included in the certificate of insurance). 
• Penalty fees are charged for overdue payments.
• TuitionPay is a product of Sallie Mae.
• For help with TuitionPay, start with the Frequently Asked Questions section.
• Contact by phone: 800-635-0120 or enroll online.

Please note that enrollment planning should include both fall and spring charges.  Student Health Insurance is billed fully in the fall and should not be included in an annual plan.

Tuition Prepayment Option

• The Tuition Prepayment Option (TPO) allows families to prepay the entire college tuition expense based on the first-year tuition rate.
• This option enables families to avoid paying for any tuition increases that are established during a student's educational career.
• Participants will still be responsible for increases in room and board.

Please note that the TPO only covers tuition increases. This plan is not available to students receiving need-based or merit-based aid from the College. 

Independent 529 Plan

• Mount Holyoke College is an Independent 529 Plan member college.
• Incoming students may pre-pay for their senior year at current tuition rates.
• Tuition certificates purchased through Independent 529 Plan must be held for a minimum of 36 months.
• Families can roll over a portion of current savings to Independent 529 Plan and lock in today's tuition rates.
• No entry fees, annual fees, exit fees.
• All federal tax-free (the increase in value between the amount of original purchase and the amount of tuition for which the certificate is redeemed).
• There are no special eligibility requirements to take advantage of Independent 529 Plan. And there are no income limits for participation.
• See how it works!