Student Financial Services

Installment Payment Plans

The Morehouse College Installment Payment Plan allows yout to defer payment of your student account bill. The deferred balance is calculated after all estimated financial aid other payments are considered. Financial aid is defined as any estimated or actual aid (student loans, grants, parent loans, and institutional scholarships), sponsored billing payment, and waivers (tuition, fee, etc).  

Annual Installment Plan

Morehouse College offers you the annual installment plan as an alternative to the traditional lump sum payments. This plan enables you to budget for the academic year fall/spring) with a maximum of 12 monthly payments. Any past due balance from a previous semester must be paid prior to enrolling in this plan.

Budget all or a portion of your tuition, room and board, and fees. Please note that your student account balance must be covered in full by an approved payment method – combination of the payment plan budget and financial aid (loans, grants, scholarships, third party sponsors).  It is your responsibility to ensure that your payment plan budget is accurate based on your actual charges.

Fees
  • There are no interest or carrying charges.
  • There is an $80 non-refundable enrollment fee to participate in the plan each academic year.
  • There is a discount of $10 on the enrollment fee if you sign up for the pre-authorized debit option and have your payments automatically deducted from your bank account.
  • There is a $35 service fee for any payment that is returned for insufficient funds or is not collectible for any
  • There is a $40 late fee assessed on all payments not received by the due
 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 annual installment plan budget.
  • We encourage you to complete the financial planning worksheet to accurately determine your budget. 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.  It is your responsibility to contact HES to update your budget when the new schedule of fees has been published.
  • Supplies and other personal expenses that are not charged directly to your student account cannot be included. They must be paid for at the time of
Payment Plan Options

If you wish to take full advantage of this monthly payment plan, you are urged to make application early, as late enrollment in the Plan requires an increased monthly payment. If you enroll after April 30th, you will not be able to take advantage of the maximum number of installments. 

Application Date  Number of Payments
April 1st 12 payments
On or after May 1st 11 payments
On or after June 1st 10 payments
The latest possible date to enroll is June 30th
How to Enroll
  • You must apply online through the HES website.
  • You will be required to make your 1st payment when You can pay through automatic debit from a checking or savings account, a one-time deduction from a checking account or a one-time credit card payment. If you enroll in automatic debit you will receive a $10 discount on the application fee.
  • HES will furnish you with account confirmation and provide you with online access to your
  • PLEASE NOTE: You must apply for the plan each academic year.
Questions

Contact HES toll free at 1-800-422-0010. Visit the HES website.   To revise your budget contact HES on their toll-free number or via the website.

Semester Installment Plan

Morehouse College offers you a semester based installment plan as an alternative to the annual installment option. This plan enables you to budget for each semester with a maximum of 5 monthly payments.  Any past due balance from a previous semester must be paid prior to enrolling in this plan. The semester plan allows you to defer payment for up to 40% of your fall or spring student account balance net of financial aid has been considered.  Financial aid is defined as any estimated or actual aid (student loans, grants, parent loans, and institutional scholarships), sponsored billing payment, and waivers (tuition, fee, etc).  A 60% down payment is required upon enrollment. You are also required to schedule your installment payments to process automatically via out Auto Pay feature.

Budget all or a portion of your tuition, room and board, and fees. Please note that your student account balance must be covered in full by an approved payment method – combination of the payment plan budget and financial aid (loans, grants, scholarships, third party sponsors).  Your semester payment plan budget will be automatically updated to reflect your actual student account balance.

Fees
  • There are no interest or carrying charges.
  • There is an $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. They must be paid for at the time of
Payment Plan Options

If you wish to take full advantage of this monthly payment plan, you are urged to make application early, as late enrollment in the plan requires an increased monthly payment. If you enroll after July 30th, you will not be able to take advantage of the maximum number of installments. 

 Fall 2018 Dates

Application Date  Number of Payments
July 3rd 5 payments
On or after August 1st 4 payments
The latest possible date to enroll is August 28th

Spring 2019 dates will be posted by October 2018

How to Enroll
  • You must enroll online through TigerPay - our new 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.