Monthly Payment Plan
Wentworth Institute of Technology offers an interest-free monthly payment plan in partnership with Tuition Management Systems (TMS). TMS was recently acquired by Nelnet Campus Commerce, and Student Financial Services is in the process of migrating our payment plans onto the Nelnet system. We anticipate that Wentworth will be fully moved over to the Nelnet platform for the spring 2022 payment plans.
By setting up a payment plan, families can divide the cost of the upcoming semester over several monthly payments. These payments are made directly to TMS by the fifth of every month, and appear on the student's Wentworth E-Bill as soon as TMS receives the payment. More information about the current plan options, as well as online enrollment, is available at the TMS website.
The following payment plans are currently open for enrollment:
Fall 2021 Plan
- 6 month plan - 05/05/21 through 10/05/21
- 5 month plan - 06/05/21 through 10/05/21
- 4 month plan - 07/05/21 through 10/05/21
- Enrollment Fee: $60.00
Each monthly payment is determined by taking the total budget (the remaining balance after subtracting any aid or loans) and dividing it by the number of installments (months in the plan). Example: A $3,000 budget on a 5-payment plan, for instance, would result in five $600 monthly payments.
If two subsequent payments are missed, the plan will be canceled and a $100 late fee may be applied to the student’s Wentworth account balance. The student may also be ineligible for future payment plans
For questions, or to enroll, please call TMS directly at (800) 722-4867, or visit the TMS website