Spread Out Your Payments
After you've selected a college, you'll receive a student bill that lists your costs. Gift and self-help aid will be subtracted from the total, leaving an amount for you to pay.
The College Will Have Various Payment Options
Choose the plan that best fits your needs. For example, find out whether the college offers a deferred payment plan. You can use this option if you feel you'll have trouble meeting the cost of an entire semester.
Some colleges offer creative financing plans, such as prepayment of four years' tuition or paying on a monthly basis. Monthly plans usually give you the most time to pay. If the college charges a fee for its extended payment plan, weigh the extra cost against what you would earn by holding onto your money for a longer period of time.
If Your College Doesn't Offer a Monthly Option
If such a monthly option isn't available, ask for a recommendation for a commercial plan. For example, Academic Management Services offers a monthly payment plan at a reasonable cost.
Be Prepared for Non-Billable Costs
Non-billable costs are college expenses on top of the amount you're billed. Be prepared to pay directly for books and supplies, personal items, and travel. Plus, if you don't live and eat on-campus, you'll have to handle those costs separately.