Payment Plan Policy

Application Process:
Students wishing to enter into a payment plan must apply to the Finance Department and provide all required documentation.

Payment plans are awarded based on:

  • Demonstrated financial need
  • Determination of the student’s ability to meet payment obligations

Note: Approval is at the sole discretion of the Finance Department and is not guaranteed.

Semester-Based Approval:
Payment plans are approved on a semester-by-semester basis.
Students must reapply each semester at least 45 days before the start of the semester.
Prior approval does not guarantee future approvals.

Eligibility and Coverage:
Payment plans are available only for:

  • Tuition
  • Housing

Eligible programs:

  • Pre-Health
  • MD 1–6

Not eligible for payment plans:

  • Clinical Medicine
  • Any other fees outside of tuition and housing

Excluded Fees:
The following fees must be paid in full at the beginning of each semester and are not eligible for inclusion in any payment plan:

  • Administrative & Facility Fee
  • Student Permit Servicing Fee
  • Insurance Fee
  • All other semester fees not specifically listed as eligible

Payment Plan Structure:

  • Enrollment Plan Fee: $500 (in addition to the regular invoice)
  • Final Payment Due: By the end of the first month of the semester
  • 30-Day Extension: Additional $500
  • 60-Day Extension: Additional $1,000

Missed Payment Plan Fees:
If a scheduled payment is late, the following late fees will apply:

  • 1–10 days late: $150
  • 11–20 days late: $300
  • 21–30 days late: $500

Non-Compliance Consequences:
Students who fail to fulfill their payment plan obligations or carry a balance will be:

  • Ineligible to enroll in future semesters
  • Ineligible to apply for a new payment plan