Student Financial Services

Installment Payment Plan

Morehouse College offers a semester based installment plan that enables you to budget for each semester with a maximum of 5 monthly payments. Our installment plan allows you to defer payment of up to 40% of your student account balance each semester after your financial aid has been considered.  Financial aid is defined as any authorized or paid financial assistance (student loans, grants, parent loans, and institutional scholarships), sponsored billing payment, and waivers (tuition, fee, etc).  The first payment is a required down payment of 60% of your balance at the time of enrollment, and then a maixmum of four additional installment payments are made. You are required to schedule your installment payments to process automatically via our Auto Pay feature.    

Any past due balance from a previous semester must be paid prior to enrolling in this plan.  Please note that your student account balance must be covered in full by an approved payment method –  a combination of the payment plan budget and financial aid (loans, grants, scholarships, third party sponsors).  Your payment plan budget will be automatically updated to reflect your actual student account balance.

Fees

  • There are no interest or carrying charges.
  • There is a $150 non-refundable enrollment fee to participate in the plan each semester.
  • There is a $59 service fee for any payment that is returned for insufficient funds or is not collectible for any reason.
  • There is a $40 late fee assessed on all payments not received by the due date.

 Budget

  • Determine your budget amount for the semester by taking your annual expenses (tuition, room and board, and fees) less the total applicable anticipated financial aid (acceptance deposit, grants. Use our Payment Plan Worksheet as a guide to develop your semester installment plan budget.
  • We encourage you to complete the financial planning worksheet to get an estimate of what your payment plan budget will be. Upon enrollment, the system will automatically calculate the budge amount for your plan based on your actual charges, payments, and anticipated financial aid.   Please note that you may use the current academic year schedule of fees to estimate charges until the new schedule of fees has been published
  • Supplies and other personal expenses that are not charged directly to your student account will not be included. 

If you wish to take full advantage of this monthly payment plan, you are urged to apply early, as late enrollment in the plan requires you to pay the 60% down payment plus any missed installments. If you enroll after July 30th, you will not be able to take advantage of the maximum number of installments. 

Fall 2019 Dates

Application Date  Number of Payments
July 3, 2019 5 payments
On or after August 1, 2019 4 payments
On or after September 1, 2019 3 payments
The latest possible date to enroll is September 4, 2019

Spring 2020 Dates

Application Date  Number of Payments
December 4, 2019 5 payments
On or after January 1, 2020 4 payments
The latest possible date to enroll is January 28, 2020

How to Enroll

You must enroll online through TigerPay - our online billing and payment portal.  Follow these steps to enroll:

  1. Log into BannerWeb via the Morehouse Portal (Parents must be set up as an Authorized User to enroll
  2. Select the Student Services & Financial Aid link
  3. Select the Student Account link
  4. Select the View/Pay Student Account link
  5. TigerPay will open in a new window.
  6. Select the link in the Installment plan section and follow the steps to enroll in the plan.

Questions

Contact our office at studentfinancialservices@morehouse.edu or 470-639-0505 if you have questions about enrollment in the installment plan.