Starting in the upcoming academic year, University of Colorado Boulder will allow people to spread out tuition and fees in a series of payments, instead of paying all at once. That flexibility will cost $25 a semester or $45 for the annual plan.
CU-Boulder says their pilot version of the program allowed some students and families to take out less money for their student loans. Over 1,000 students enrolled and participated in the pilot, which was posted on the website, but not advertised.
“In certain situations, students or families have the money available over the course of a semester, but it’s harder to come up with one payment,” said Kelly Fox, senior vice chancellor and chief financial officer.