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.
• Penalty fees are charged for overdue payments.
• TuitionPay is a product of Sallie Mae.
• For help with TuitionPay, start with the FAQs section.
• Contact by phone: 800-635-0120

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!