With a wealth of conversation on the national stage about the rising costs of college, Spelman is taking action with a new option to help students manage their tuition payments.

Beginning May 15, Spelman students and their parents can spread the annual cost of tuition and fees across 10 installments by enrolling in the College’s new 10-month tuition payment plan option. Effective fall 2012 and spring 2013, the payment plan will allow students to estimate tuition costs using an online budget worksheet, and set up automatic installment payments using a credit card or electronic check. One of three payment options, students and parents can also opt to pay tuition in full each semester, or choose the deferred payment plan.

Spelman took this new step after hearing from those who would benefit most.

“There have been some parents in the past who have expressed interest in other ways to pay tuition that would make the demands on their monthly cash flow less onerous,” said John Cunningham, associate vice president for Business and Financial Affairs at Spelman.  “This additional option is being offered as a response to their feedback. We are trying to make the cost of a college education more affordable for our students and their parents by helping it fit more easily into their budgets.”

The enrollment period for this new payment option begins May 15 with the first payment due  June 28. to pay tuition, go to http://goo.gl/AiHbf. — Joyce E. Davis is editor of Inside Spelman and associate director of Publications for the Office of Communications.