What Types of Payment Plans Do Online Schools Offer?


Quick Answer

Some popular online colleges, such as Walden University, University of Phoenix and Liberty University, offer different types of payment options that include monthly and military payment plans. For example, the University of Phoenix has a cash plan that allows students to pay for courses one at a time. This plan requires that all tuition and material fees be paid prior to the beginning of the course, as noted by the University of Phoenix.

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Full Answer

University of Phoenix's cash payment plan allows students to pay for courses by phone, in person or through the school website. The different forms of payment accepted include credit and debit cards, wire transfers and checks. To use this plan, students need to fill out the Student Financial Agreement form.

Walden University offers a few different payment plans to enable students to pay for courses prior to the beginning of a semester. As long as payment is received at least two weeks prior to the beginning of a term, students can pay by credit card, check, use third-party assistance or take advantage of a monthly payment plan. The monthly payment plan option began in the 2014 - 2015 winter term. To use a monthly plan, students must not have a past-due balance pending, notes Walden University.

Liberty University provides a monthly payment plan, and for military members and veterans there is a military plan available. To be eligible for the different types of monthly plan options, students must register before certain dates given by the websites. There are two-, three-, four- and five-month plans. Payments can be automatically deducted from bank accounts or credit cards. To qualify for the military payment plan, students should provide documentation of status from the VA and meet certain other criteria.

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