Monthly payment plans work like subscriptions that have an expiration date. You are splitting the total amount of tuition evenly over a number of months. Auto payment setup is required and failure of payment methods in any given month will result in termination of enrollment after 5 days of grace period has passed. This financing option is available to students worldwide.   Compared to deferred tuition agreement, students will be paying less with this option in total but will be paying more in total compared to upfront one-time payment.