Financing Options

Financing the cost of an education requires thoughtful planning and research to determine what will work best for the student and their family’s budget.  Options offered at Brown include loans, scholarships, monthly installments, and a prepaid tuition program.  Information is listed below to help with your decisions.

Check Payments and Wire Transfers:

Brown University accepts payments by cash, check (drawn on US bank), wire, or electronic (ACH). Brown University does not accept credit card payments for student account charges. Checks should be made payable in US dollars, as differences in exchange rates and bank collection charges will be charged to the student account. Post-dated checks will not be accepted. Third party checks will not be accepted with the exception of checks from banks, trusts and investment companies purposely set up to fund a student's education.

All check payments and bank wire transfers should be remitted to the Cashier’s Office

Online Electronic Payments:

Students and their Authorized Users may access the electronic online payment module at http://payment.brown.edu. Only U. S. personal checking or savings accounts are accepted. Electronic Payments will post real time to the student’s account and may take up to 48 business hours to post against the customers bank account.  

Installment Payment Plan:

Students and families may choose to make semester payment via Brown University’s Installment Payment Plan (IPP).  This plan enables students and their families to make interest-free, monthly installments to cover each semester’s tuition, housing, meals, and required fees (bookstore and other charges are not calculated into the plan and must be paid separately).

Payment plan amounts will be based on the actual semester’s amount due (total charges minus financial aid).  Any adjustments to charges or aid will also adjust remaining payments in the IPP.  Plan participants will automatically be notified by email from the University’s E-Bill/Payment system each time an adjustment is made.

Enrollment in the plan opens each semester once billing is available (Late June for Falla and Mid November for Spring.  Each semester of enrollment requires a $75 non-refundable enrollment fee.  Payments will be automatically deducted from the instated checking or saving account on the date of each required payment. Upon enrollment in the Installment Payment Plan, participants must schedule payments via ACH (electronic payment from U.S checking or savings account).

Fall Installment Deadlines:

  • 5 installments (enrollment prior to July 10): payments due on the 10th of each month, July-November
  • 4 installments (enrollment July 11-August 9):  payment due on the 10th of each month August-November

Spring Installment Deadlines:

  • 5 installments (enrollment prior to December 10): payments due on the 10th of each month, December-April
  • 4 installments (enrollment December 11-January 9):  payment due on the 10th of each month January-April

Parents wishing to participate in the Installment Payment Plan (IPP), must be set up as an Authorized User by the student.  Authorized Users may also access student billing records and statements. Authorized Users do not have access to any other student records.

Loans:

Students must first apply for financial aid before they can be awarded any loans.  Interested students should contact the Financial Aid Office for application and instructions.  If your Financial Aid award included loans, you will be required to accept the loans and complete loan requirements. Additional information can be located on the Loan Office Website

Parents, Graduates, and Medical Students may request a PLUS Loan from the Loan Office.  The student must complete the Free Application for Federal Student Aid(FAFSA) before a PLUS Loan request can be processed.  The maximum amount that may be borrowed equals the cost of attendance minus any aid the student is awarded.  Completed PLUS Loan applications should be returned directly to the Brown Loan Office.  Approval is based on the borrower’s creditworthiness.

To apply for a Private Loan (loans not awarded by Brown), please visit the Financial Aid Office website for additional information.

Tuition Prepayment Plan (TPP):

Parents may prepay two, three, or four years of undergraduate tuition at the rate in effect when the student enters the plan.  Students receiving Financial Aid Grant assistance are not eligible to participate in the Tuition Prepayment Plan program.  By pre-paying undergraduate tuition, families eliminate future tuition increases.  Fees such as room, board, and other miscellaneous charges cannot be covered by the TPP.  A completed application and payment for the number of years to be prepaid must be received by August 1.

Applications and additional information may be found on the Loan Office website.