Installment Payment Plan

Tuition Management System (TMS)

As a service to students and parents, the College has approved participation in the interest free tuition payment plan offered by Tuition Management Systems (TMS) for the fall and/or spring semesters of the academic year. This plan is an affordable way to spread the tuition, fee, room and board charges over several months (5 months for one term and 10 months for the entire academic year).  The annual plan incurs an enrollment fee of $82.00 and the one term plan enrollment fee is $57.00.

Payment Responsibility

The students and/or parents choosing to use the TMS monthly payment plan are responsible for establishing a budget with TMS that is sufficient to pay the charges for the academic year. The budgeted amount is then divided into equal amounts to determine your payment amount each month.  Your pending budget for each term will be reflected on the student's billing statement as a 'Pending Credit' item.

Determine your budget

Student account charges consist of tuition, housing, meal plans and may also include special fee classes such as music, art and Kinesiology. Please verify these charges against your W&M eBill each semester and adjust your budget accordingly. 

TMS provides an online budget worksheet to assist in determining your monthly payment amount. 

Payment Due Dates

TMS monthly payments are due on the 15th of each month, beginning in July and continuing through April of the following year for the 10 payment academic year plan.

Fall or Spring Semester Only plan

A Fall or Spring semester only payment plan may also be selected. These 5 month plans begin in July through November for the Fall semester and December through April of the following year for the Spring semester. These plans are optional and are open to all currently enrolled William & Mary students.