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Monthly Payment Plan

What is the Monthly Payment Plan?

Alfred State offers a Monthly Payment Plan (MPP) option through Nelnet to enable families to spread educational expenses for the semester into equal monthly payments and avoid additional borrowing. Please note Monthly Payment Plans are not available for non-matriculated students.

Enroll early each semester to take full advantage.  You can enroll online when you process your bill at my.AlfredState.edu/finances. The Veteran Monthly Payment Plan is not available online. Please call at 607-587-4253 or email us for more information on this option.

4 Month Payment Plan

Fall 2026 • Jul. 1 to Aug. 16

This plan allows you to budget semester expenses including tuition, fees, campus housing, and meals into a down payment plus four additional payments.

Due Dates for this Plan

Sep. 1 | Oct. 1 | Nov. 1 | Dec. 1

$35

Non Refundable Application Fee

20%

Down Payment Required

Please note that the $35 application fee and 20% down payment are due at the time of signing. The remaining balance is paid in four equal payments on their due dates.

3 Month Payment Plan

Fall 2026 • Aug. 17 to Sep. 16

This plan allows you to budget semester expenses including tuition, fees, campus housing, and meals into a down payment plus three additional payments.

Due Dates for this Plan

Oct. 1 | Nov. 1 | Dec. 1

$35

Non Refundable Application Fee

25%

Down Payment Required

Please note that the $35 application fee and 25% down payment are due at the time of signing. The remaining balance is paid in three equal payments on their due dates.

Payment Methods and Benefits

  • Automatic Payments
    An automatic bank payment (ACH) or a saved credit/debit card is required to sign up for a Monthly Payment Plan.
  • Flexible Payment Dates 
    Students can update their automatic payment dates if needed.
  • Automatic Adjustments
    Your monthly payment amount due will adjust automatically if your semester balance decreases or increases by up to $1,000

Determining Your Monthly Payment

 Take your balance due for the semester after financial aid has been applied, and add the $35 non-refundable application fee.  This is your total balance.

  • If you are signing up for the 4-month semester payment plan, divide your total balance by five to determine the amount of your down payment and each of your monthly payments.
  • If you are signing up for the 3-month semester payment plan, divide the balance by four to determine the amount of your down payment and each of your monthly payments.  
  • If you are signing up for the Veteran's semester payment plan, divide your balance by four to determine your monthly payments.   

The down payment is due when you set up the Monthly Payment Plan.  Please refer to the schedules above to determine when your monthly payments are due.