Spring Break
Bursar Program Aims To Make Payment Easier
Kierstin Wesolowski
Issue date: 3/7/08 Section: News
The UConn bursar's office has developed a new tuition payment program that allows students to pay their tuition over eight months. This program will go into effect for the 2008-09 school year.
The eight-month installment plan is divided into two four-month segments, on a semester-by-semester basis, according to Dolan Evanovich, vice provost of Enrollment Management. Payments for the Fall semester begin July 15 and will end Oct. 15. For the Spring semester, payments begin on Dec. 15 and end March 15.
This new plan replaces the current 10-month installment plan UConn offers through a private corporation, Tuition Management Systems (TMS). This payment plan was broken down into two terms, with each term comprised of five months, according to the TMS Web site. With this plan, payments began on June 1 and concluded on March 1.
Both the current TMS program and the new bursar's program have an additional enrollment fee.
"The enrollment fee for the TMS program is $80, but the bursar's office wanted to lower this price," said Katie Monty, Financial Assistant at the bursar's office.
The new bursar's program will charge a $35 enrollment fee per semester, according to Evanovich. Also, the program will not charge any interest on the loan.
The bursar's office decided to develop their own tuition payment plan to make paying for college a little bit easier for parents and students.
"Most families are already used to making monthly payments," Evanovich said. "We are trying to provide another reasonable payment option for families."
Another reason why the bursar's office decided to create its own incremental payment plan was because TMS's payment schedule created some problems for university students and their parents.
"Payments were due June 1 to TMS, but the fee bill at that time is only an estimate," Monty said. "By the time fee bills actually went out in early July, some students saw differences from the original estimate."
The eight-month installment plan is divided into two four-month segments, on a semester-by-semester basis, according to Dolan Evanovich, vice provost of Enrollment Management. Payments for the Fall semester begin July 15 and will end Oct. 15. For the Spring semester, payments begin on Dec. 15 and end March 15.
This new plan replaces the current 10-month installment plan UConn offers through a private corporation, Tuition Management Systems (TMS). This payment plan was broken down into two terms, with each term comprised of five months, according to the TMS Web site. With this plan, payments began on June 1 and concluded on March 1.
Both the current TMS program and the new bursar's program have an additional enrollment fee.
"The enrollment fee for the TMS program is $80, but the bursar's office wanted to lower this price," said Katie Monty, Financial Assistant at the bursar's office.
The new bursar's program will charge a $35 enrollment fee per semester, according to Evanovich. Also, the program will not charge any interest on the loan.
The bursar's office decided to develop their own tuition payment plan to make paying for college a little bit easier for parents and students.
"Most families are already used to making monthly payments," Evanovich said. "We are trying to provide another reasonable payment option for families."
Another reason why the bursar's office decided to create its own incremental payment plan was because TMS's payment schedule created some problems for university students and their parents.
"Payments were due June 1 to TMS, but the fee bill at that time is only an estimate," Monty said. "By the time fee bills actually went out in early July, some students saw differences from the original estimate."
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