Monthly Payment Plans

Payment Plans 

Wentworth partners with Flywire to offer interest-free semester-based monthly payment plans. Payment plans allow families to divide the student account balance over up to four monthly payments per semester. Enrollment requires a debit or credit card, or ACH (Automated Clearing House) checking / savings account information and a $40 nonrefundable enrollment fee.  The 2-month plan requires fifty percent of the EBill balance paid at the time of enrollment. We encourage parents and/or guardians to set up payment plans as authorized users to ensure parents and/or guardians receive important notifications. 

If a payment plan is rejected for insufficient funds by ACH, a $30 fee will be assessed from Flywire and a $250 late payment fee may be assessed to the EBill. Any other reasons for having missed an installment are also subject to the late payment fee to the EBill. Please note that after one missed installment, the payment plan will be automatically cancelled. 

Enrollment in the two-month plan after each semester’s due dates of August 1, December 1, and April 1 may incur late payment fees on the EBill since the balance was not paid in full, on a payment plan, and/or covered by pending financial aid funds, or certified loan funds as of the semester’s due dates. 

See Authorized Users to set up an authorized user for a payment plan. 

See Payment Plan Enrollment (below) on how to enroll in a payment plan.  

See Rebalancing of Payment Plan (below) for how a payment plan could change. 

Payment Plan Enrollment 

Student 

• Login through my.wit.edu

• Click on the “Student Accounts” tile to be redirected to the Flywire site. 

• Select the “Payment Plan” tab to see the plans available to you. 

• Click the “Select Plan” button to start your enrollment process.  

Authorized User 

• If set-up as an Authorized User through Flywire, login through here.  (See above on how to be set-up as an Authorized User) 

• Select the “Payment Plan” tab to see the plans available to you. 

• Click the “Select Plan” button to start your enrollment process. 

Rebalancing of Payment Plans 

• Since you can enroll in a payment plan before your enrollment is finalized, your payment plan may increase or decrease depending upon your current student account balance. This process is called “rebalancing” and it happens multiple times between the 1st and 10th of each month.  Please monitor your payment plan activity to confirm your payment amount for that month.   

• If your student account balance increases after the 5th of the month, your payment plan will rebalance and increase for the following month’s installment.  

• If your student account decreases after the 5th of the month, your payment plan will rebalance and decrease for your installment on the 6th of that same month.  

• The rebalancing process automatically subtracts anticipated financial aid funds displayed on the Account Summary and Account Activity tabs when it calculates your payment plan balance.  Please note that although automatic rebalancing does not happen daily, rest assured your account will adjust correctly. 

• Important: Should a one-time payment, scholarship or any financial aid apply to a student account after the plan has already been created, that payment does not apply to the next payment plan installment amount.  Instead, the entire plan rebalances and decreases all your remaining installments. 

Example #1: 

Ruggles enrolls in a 4-month payment plan for $10,000.  His payment plan installments are as follows: 

• $2,500 automatically deducted from the saved payment method on July 5 

• $2,500 automatically deducted from the saved payment method on August 5

• $2,500 automatically deducted from the saved payment method on September 5

• $2,500 automatically deducted from the saved payment method on October 5 

Ruggles requests a 529 payment for $2,000 and on July 1 Wentworth receives the payment and posts the credit to his student account.  This payment will not apply to the $2,500 installment on July 5, rather the plan will rebalance to: 

• $2,000 automatically deducted from the saved payment method on July 5 

• $2,000 automatically deducted from the saved payment method on August 5 

• $2,000 automatically deducted from the saved payment method on September 5

• $2,000 automatically deducted from the saved payment method on October 5 

Example #2: 

Leopard enrolls in a 3-month payment plan for $9,000.  His payment plan installments are as follows: 

• $3,000 automatically deducted from the saved payment method on August 5 

• $3,000 automatically deducted from the saved payment method on September 5 

• $3,000 automatically deducted from the saved payment method on October 5

Leopard gives his mom, Lauren, Authorized User access to view his account and make payment.  She logs in on August 4 and makes a $3,000 payment.  Because Lauren is not the owner of the payment plan, this is considered a one-time payment and does not go towards the August 5 installment.  Instead, the plan will rebalance to: 

• $2,000 automatically deducted from the saved payment method on August 5 

• $2,000 automatically deducted from the saved payment method on September 5

• $2,000 automatically deducted from the saved payment method on October 5