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. 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 • Spring 2025 | |
|---|---|
| Nov. 18 • Jan. 17 | |
| This plan allows you to budget semester expenses (tuition, fees, campus housing, and meals) into a down payment plus four (4) additional payments. | |
| Due Dates for this Plan | |
| Feb. 1 | Mar. 1 | Apr. 1 | May 1 | |
| $35 | 20% |
| Non-Refundable Application Fee | Down Payment Required |
| Please note that the $35 application fee and 20% down payment are due at the time of signing, then the remaining balance is to be paid in four (4) equal payments on their due dates. | |
| 3-Month Payment Plan • Spring 2025 | |
|---|---|
| Jan. 18 • Feb. 14 | |
| This plan allows you to budget semester expenses (tuition, fees, campus housing, and meals) into a down payment plus three (3) additional payments. | |
| Due Dates for this Plan | |
| Mar. 1 | Apr. 1 | May 1 | |
| $35 | 25% |
| Non-Refundable Application Fee | Down Payment Required |
| Please note that the $35 application fee and 25% down payment are due at the time of signing, then the remaining balance is to be paid in four (3) 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 up to $1,000
Veteran Monthly Payment Plan
This plan is available to veterans and dependents of military personnel receiving military educational benefits. This plan allows the participant to defer the initial payment until Feb. 10, 2025. Proof of eligibility is required such as the DD-214 Form or an eligibility letter for the Montgomery GI Bill®. This plan is not available online. Contact Student Records and Financial Services for more information.
GI Bill® is a registered trademark of the U.S. Department of Veteran Affairs (VA). More information about education benefits offered by the VA is available at the official U.S. government website.
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.