Wells College, recognizing that most parents finance at least a portion of their child's college education out of current earnings and that the traditional two-installment method does not meet the needs of all parents, offers a monthly payment plan. Under the payment plan, parents and students can pay the semester's tuition and room and board charges in four equal payments for a charge of $50 per semester. For the first semester, payments are due in August, September, October, and November, while for the second semester, payments are due in January, February, March, and April.
Parent loans (PLUS loans) are available to parents of financially dependent undergraduate students through the federal government. A parent may borrow up to the cost of education minus other aid, per dependent. The Direct PLUS Loan interest rate for 2020−2021 is 5.30%. Repayment of the amount borrowed plus interest begins two months after the loan is disbursed. The minimum monthly payment is $50 and repayment must be completed within 10 years.
MasterCard, VISA, DiscoverCard, and American Express will be accepted for payment of College Store and tuition charges. Credit card payments for tuition are processed online only. Please see the Globe at global.wells.edu/ICS/Students, then click on “Pay My Bill” for more information.
In accordance with Title 38 U.S. Code 3679, subsection (e), this school adopts the following additional provisions for any students using U.S. Department of Veterans Affairs (VA) Post-9/11 G.I. Bill® (Ch. 33) or Vocational Rehabilitation and Employment (Ch. 31) benefits, while payment to the institution is pending from the VA. This school will not:
However, to qualify for this provision, such students may be required to: