Georgia Tech Pilots Voluntary Payment Plan for Tuition and Mandatory Fees

BursarAs part of an ongoing effort to help students and their families manage the cost of education, Georgia Tech will soon offer a plan that allows for payment of tuition and mandatory fees in three separate installments.

At its April Board meeting, the University System of Georgia Board of Regents approved a Georgia Tech proposal, enabling the Institute to pilot an optional payment plan, beginning with the Fall 2012 semester.

“By spreading payments out in installments, we believe the service will provide greater flexibility and help to mitigate the financial impact,” said Carol Payne, Georgia Tech Bursar.

Enrolling in the payment plan will allow a student to defer up to 50 percent of a student’s current term tuition and mandatory fee balance remaining after the application of any expected financial aid. Of the remaining balance, half will be due approximately 30 days after classes begin and the remaining amount will be due approximately 60 days into the term. All elective charges — housing, parking, and meal plans — must be paid by the standard fee payment deadline.

“Especially in today’s economy, we are mindful of the students and families in our community who are facing challenges, and we will continue doing everything we can to assist them. We are hopeful that services such as this payment installment plan will be useful tools to ensure that limited resources do not prevent qualified and capable students from earning a Georgia Tech degree,” President Bud Peterson said.

“The payment plan program will serve our student population well. When you look at this new proposal along with some of the other programs we already have in place, I can say that we are making great strides in maintaining affordability at Georgia Tech,” said Amir Rahnamay-Azar, Senior Vice President for Administration and Finance.

It is important to note that while the plan is intended to be a convenience, it is not a free service. If a student elects to participate in the payment plan option, an enrollment fee of $75 is required, which will go to offset administrative costs. Students who do not meet the scheduled payments risk penalty fees and/or academic withdrawal from the Institute.

More details about the Fall 2012 tuition payment plan option and how to enroll will be posted as they become available at www.bursar.gatech.edu. If you have any additional questions specific to this plan, email bursar.ask@business.gatech.edu or call (404) 894-4618.