Payment Plans
Tuition Installment Plans
Installment plans make tuition payments more affordable by spreading payments over a period of months. Tuition Management Systems (TMS) is Loyola University Chicago's payment plan provider.
Through TMS, Loyola students receive personal account service, 24-hour automated account information, and online account access at: www.afford.com. Students who enroll in a TMS payment plan are entered in a contest to win a $5,000 Tuition Management Systems Scholarship.
Students may choose either the annual payment plan (APP) or the term payment plan (TPP). These plans are offered only for the Fall, Winter and Spring terms. For more information, including applications and payment due dates, click the appropriate link below:
- Plans for Graduate School of Business Students
- Plans for Graduate Semester Students
- Plans for Undergraduate Students
For more information about payment options, education loans, free education payment counseling and other ways TMS can help you, visit the TMS Website or you may call TMS directly at 1-800-722-4867.
Employer Reimbursement Plan
Loyola University Chicago offers students the option of deferring their expenses through an Employer Reimbursement Plan (ERP).
The Employer Reimbursement Plan is designed to enable all students who are eligible for tuition reimbursement from their employer to defer payment of those tuition and fees covered under their employer agreement. The application fee is $100.00 per term. All non-deferred tuition and fees must be paid at the time of application. This plan is only offered during the Fall, Winter and Spring terms. A student may only apply for the current term.
For example, if your employer will pay ninety percent of tuition and fees, that is the amount of tuition and fees deferred by the Bursar's Office through the ERP. The remaining ten percent, along with the $100.00 application fee, will be due upon application.
Students receiving loans are not eligible for ERP. Loans are posted directly to the student account to cover the tuition cost first. Therefore, the amount of the loan should be sufficient to cover the entire balance on your account, plus any additional amount you may need to cover living expenses. Subsequently, any excess of the loan will be refunded to the student once a credit balance is achieved, leaving no balance to defer.
To apply for the ERP, please submit the Employer Reimbursement Plan (PDF), a copy of the employer's reimbursement plan, the application fee, and cash or check for the remaining non-reimbursable tuition and fees to either Office of the Bursar location.
EMBA Students Only:
- EMBA 2008-2010 Cohort use this Employer Reimbursement Plan form (PDF).
- EMBA 2009-2011 Cohort use this Employer Reimbursement Plan form (PDF)
Tuition Due Dates
Students who do not enroll in a payment plan must pay Fall tuition by August 5, and Spring tuition by January 5, in accordance with the Loyola University Chicago tuition payment policy.