Payment Plan Policy

> Financial Aid
Cogswell College offers a payment plan option available to all students, allowing them to make smaller payments extended over the duration of the semester.

Plan Guidelines

Payment plans are initiated by the Financial Aid advisor during the financial planning process (every two semesters), or at any time by the Business Office.

Payment plans are established for each semester. The fall, spring, & summer semester payments will be divided into four equal installments. The mid-session semester payments will be divided into two equal installments.

The first payment for each semester will be due fourteen days (two weeks) before the start of the term, the second payment will be due twenty-five days after the start of term, and the third & fourth payments (if applicable) will be due monthly thereafter. See the payment calendar on the college website for payment due dates.

If the student receives financial aid, any remaining balance after aid has been applied to the account will become the basis for the total payment plan amount.

All payment plans are based on our best estimate of future balances. Any change in the plan amount (student account balance) caused by adding/dropping classes or any other reason will be adjusted on the final payment of the term.

There is no charge to establish a payment plan. A $25 late payment fee will be assessed each payment due date on past due balances.

Payment plans are established before the start of the term for current semester charges only. Prior semester debt must be paid before establishing a new plan.

Failure to make payment in full may result in a financial hold being placed on the student account, which may prevent registration for the next semester and may limit access to other student services until the account becomes current.

Payments can be made via check, credit/debit card, or cash. Checks should be made payable to Cogswell College. Credit card payments can be made by the following methods:

Through the student web portal under the “my ledger” tab

From an individual paypal account by sending payment to paypal@cogswell.edu referencing the students first + last name.

Over the phone by calling 408.498.5155.

Contact the Business Office at 408.498.5109 or businessoffice@cogswell.edu if you have any questions or would like to establish a payment plan.