Financial Planning

Wells College Monthly Payment Plan

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 for Undergraduate Students (PLUS)

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 2019−2020 is 7.08%. 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

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.

VETERANS AFFAIRS (VA) PENDING PAYMENT COMPLIANCE

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:

• Prevent nor delay the student's enrollment;
• Assess a late penalty fee to the student;
• Require the student to secure alternative or additional funding;
• Deny the student access to any resources available to other students who have satisfied their tuition and fee bills to the institution, including (but not limited to) access to classes, libraries, or other institutional facilities.

However, to qualify for this provision, such students may be required to:

• Produce the Certificate of Eligibility by the first day of class;
• Provide written request to be certified;
• Provide additional information needed to properly certify the enrollment as described in other institutional policies.