In an ongoing effort to help students and their families manage the cost of education, Georgia Tech has implemented a plan that allows for payment of tuition and mandatory fees in three separate installments.

“Especially in today’s economy, we are mindful of the students and families in our community who are facing challenges, and we will continue doing everything we can to assist them,” said President G. P. “Bud” Peterson. “We are hopeful that services such as this payment installment plan will be useful tools to ensure that limited resources do not prevent qualified and capable students from earning a Georgia Tech degree.”

Close to 400 students participated in the plan this fall, with each student deferring an average amount of about $4,212.

“By spreading payments out in installments, this service provided our students greater flexibility to help mitigate the financial impact of tuition,” Bursar Carol Payne added.

Enrolling in the payment plan allows students to defer up to 50 percent of their current term tuition and mandatory fee balance remaining after the application of any expected financial aid.

Of the remaining balance, half is due approximately 30 days after classes begin, and the remaining amount is due approximately 60 days into the term. All elective charges — housing, parking and meal plans — must be paid by the standard fee payment deadline.

While the plan is intended to be a convenience, it is not a free service. Students who elect to participate must pay an enrollment fee of $75, which will help offset administrative costs. Those who do not meet the scheduled payments risk penalty fees and/or academic withdrawal from the Institute.

The plan will be available for spring term. The final fee payment deadline to avoid class cancellation and sign up for the payment plan is Jan. 14.

For more information, email bursar.ask@business.gatech.edu.