TMS Monthly Payment Plan CLU, like many schools, works with a service called Tuition Management Systems which allows families to pay education expenses monthly, interest free , over the course of the semester or the entire academic year. By spreading out payments over several months, this service can help you afford CLU by fitting your education costs into a monthly budget. This service is used by many of our families because it helps them break up larger costs into manageable monthly payments that fit within a family budget. The PLUS Parent Loan Parents of dependent students can take out loans to supplement their children's aid packages. Repayment begins 60 days after the funds are fully disbursed, and the repayment term is up to 10 years.
Some lenders offer a slight discount for automatic payment plans.
PLUS loans are the financial responsibility of the parents, not the student. To request a PLUS loan application, please call the CLU Office of Financial Aid . One of the most effective methods of financing educational costs at CLU is to use the TMS Monthly Payment Plan in tandem with a Parent PLUS Loan. Sit down as a family and determine how much you could reasonably afford to pay per month toward educational costs. You pay as much as you can now so that you borrow as little as possible while still staying within your monthly budget.