Payment Plan Information
The Catholic University of America is pleased to offer students the flexibility of a monthly payment option through Tuition Management Systems (TMS), a division of First Marblehead.
The optional monthly payment plan allows students to pay their balance to the university in monthly payments spread throughout the term instead of in full at the start of each semester. The opportunity to make smaller payments on a monthly basis allows many students and families to minimize the amount they need to borrow in student loans.
Students may select from a 4 or 5 month plan for the Fall or Spring semester and a 3 month plan for the Summer term.
The payment plan is interest-free; the only cost to participate is an enrollment fee paid to TMS. The enrollment fee is $40 per semester.
To estimate your monthly payments if you elect to enroll in the payment plan, start by calculating your total education expenses for the upcoming semester (tuition and fees are located here) and then deduct any anticipated payments from other sources (loans, grants, scholarships, etc.). The resulting figure is your out-of-pocket balance for the semester. This balance should then be divided into the number of monthly payments of the plan you choose.
When setting up your budget, remember not to include work-study awards as an anticipated payment. Work study funds do not disburse to student accounts and are, instead, paid directly to the student through CUA’s Payroll Office.
Keep in mind that your estimated education expenses may differ from the actual charges that bill to your CUA account. Your CUA account may also incur charges throughout the term that you do not estimate at the time of your payment plan enrollment (additional dining dollars, Student Health Services charges, etc.). For these reasons, it is very important that you review any CUA billing statements to ensure that your TMS payments are sufficient to cover your balance with the university.
Enrollment in the monthly payment plan option is fast and easy. Your only cost is an enrollment fee, payable to TMS. Life insurance covering your payment plan is included at no additional cost.
To enroll online, visit www.afford.com/cua. You may also enroll by calling an Education Payment Advisor at 1-800-343-0911.