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Home > College Offices > Student Financial Services > Payment of Bill > Payment Plans
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!
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