Fee Payment Structure for B-Schools

Question

Does anybody have a clear-cut understanding of the "Fee-payment structure" for US B-Schools?

Can we pay the fees in monthly installments, or does it have to be paid sem-wise (aka 2 installments/yr) or half-semwise (i.e 4 installments per year) does it have to be 100% of the year's fees at once?

If the payment can be made in multiple-installments, please do clarify at what stage each of these payments are generally due. Thanks!

randompasserby · Answer

It varies from school to school, I suggest googling "Student Financial Services + Schoolname" to get specific details for the school that you're interested in.

In general, most schools require payment upfront before the start of each semester. Some schools have monthly payment plans provided by third parties (e.g. https://www.tuitionpayenroll.com/ and https://www.afford.com/ ), you should expect to pay a small fee for this. Note that schools tend to not accept credit cards for payment, and whilst some of the third party payment schemes do accept credit cards, they charge a convenience fee (approx 3%).

thisguy310 · Answer

At Anderson, you can pay for the full year, or for each quarter as you go. 
They accept credit cards, but will charge you a 3 or 5% processing fee if you decide to use it.

riverripper · Answer

Kellogg charged by the semester. Whatever school you will go to will walk you through the process. They make the payment process very painless, its just the amount they charge that is painful.

Fee Payment Structure for B-Schools

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