Our website also answers your frequently asked questions about Student Accounting Services.
- About TuitionPay
- Will I be charged interest on the payment plan amount?
- Can I estimate amounts when enrolling in the plan?
- How can I estimate how much my monthly payment will be?
- The payment plan started in May and I’ve missed some monthly payments. Can I still enroll?
- I am graduating in January. Can I enroll in the plan for the Fall Semester only?
- I don’t need a payment plan for the Fall Semester; can I still use a TuitionPay plan for the Spring Semester?
- Can I reduce the payment plan amount if other payments resources become available?
- Can I increase the amount budgeted through the payment plan after I enroll?
TuitionPay is a monthly payment program offered through Sallie Mae Business Office Solutions. The plan allows you to break down your expenses into ten monthly installments, rather then two lump sum payments. If you enroll in the plan, you will make monthly payments from May through February of each academic year. The first five payments (May through September) will be applied to your Fall Semester balance, and the second five payments (October through February) will be applied to your Spring Semester balance. You can enroll in the payment plan at https://tuitionpay.salliemae.com/bu.
The TuitionPay plan is not a loan, so there are no interest payments, only a $65 annual enrollment fee.
Yes, you can use estimates for the Fall and Spring Semester tuition, fee, room and dining charges, and for your financial aid award and loan disbursement amounts when you enroll in the plan to determine what your plan amount should be. If the actual charges and aid/loan amounts differ from the estimated amounts you use when you enroll, you can contact TuitionPay to request that your annual plan amount be increased or decreased.
The TuitionPay website provides a budget calculator to guide you in planning how to make the best use of your available funds in financing college costs.
To use the budget calculator, please have your estimated charge information ready, as well as your anticipated financial aid award and loan disbursement amounts and the amounts of any other payments you will be making to the University. The calculator will prompt you to enter these amounts and will determine your annual budget and monthly payment amounts for you. You can then use this information to enroll online.
Yes, you can enroll in the payment plan until the Fall Semester payment deadline, August 5, 2014. If you enroll in the payment plan after monthly payments have begun, you will need to include these monthly payments in your down payment when you enroll.
Yes, there is a five-pay plan (payments due monthly from May through September) available for Fall Semester only. Please mention that you wish to enroll in the Fall Only plan when you contact TuitionPay to enroll.
I don’t need a payment plan for the Fall Semester; can I still use a TuitionPay plan for the Spring Semester?
Yes, there is a five-pay plan available for the Spring Semester. Enrollment begins in the fall with monthly payments scheduled October through February.
Yes, you can contact TuitionPay at 888-844-4754 and speak with a consultant who will assist you in reducing your plan amount. The reduction will spread among the remaining payments. Please note: No refund will be made to previously paid amounts unless an actual credit balance exists on the student’s Boston University account.
Yes, if your initial budget amount is insufficient to cover your balance due, you may increase your annual contract amount. The increase will be spread over the remaining payments due. Once your contract increase is processed, the additional anticipated payment amount will be applied to the semester invoice and will be reflected on your student account.
If you wish to increase your plan amount, please visit https://tuitionpay.salliemae.com/bu.