When students and parents think about paying that college tuition bill, there are not too many alternatives. Quite often, I encounter students telling me that they “do not have the money available right now, but will have some of it in a couple weeks.” (Lots of other Parkland College staff members hear that, too.) When this is the situation, we do offer one pretty helpful solution.
We tell them to take advantage of the Parkland Tuition Payment Plan. Did you even know Parkland had one of those? Yes, we do.
Parkland College partners with a company called Nelnet Business Solutions (NBS) to offer our students a convenient way to pay that tuition bill. In fact, NBS is a tuition-management plan that gives students a low-cost option for budgeting all college expenses.
The Parkland Tuition Payment Plan is not a loan program, and there are no debt or interest charges you have to pay. We don’t even require a credit check for you to join the plan. You can get on our plan with only a $25 fee to start. That’s all. Then, on the fifth of each month, tuition payments automatically come out of the checking/savings account or debit/credit card you’ve set up.
One thing I encourage parents and students to do is to sign up early for the payment plan. The earlier you sign up for a semester, the less money you’ll have to pay up front in installments. For example, if you sign up now for our Fall 2016 classes, you have until June 29 to sign up for the payment plan, and then you would have four monthly payments that occur on the 5th of each month from August through November.
I recently talked with a Parkland student whose tuition bill for the Fall 2016 semester is $2,043. She signed up for our payment plan with her $25 nonrefundable fee, so her payments will look like this:
- August 5 $510.75
- September 5 $510.75
- October 5 $510.75
- November 5 $510.75
This plan works for her, because she works part time at an area hospital and gets paid every couple of weeks. Now she no longer has to worry about being dropped from her classes for Fall 2016 when tuition is due on August 2. She can just relax, finish out the spring semester, and enjoy her summer.
How about you: Do YOU need help budgeting tuition? Click here to sign up for the Parkland Tuition Payment Plan today. It’s easy: All you need is your checking/savings account or debit/credit card and a couple of other pieces of information. You might just appreciate this way to pay for college.
[Dave Donsbach serves as controller in the Parkland College Business Office.]