Loyola University Chicago

Graduate School of Business Students Only

• Annual Payment Plan
• Budget Planning
• Choose Your Plan
• Contact TMS
• Enroll Now
• Payment Plan Policies
• Term Payment Plan

Payment plans are an optional arrangement to 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: https://www.afford.com/lucquarter. Students who enroll in a TMS payment plan are entered in a contest to win a $5,000 Tuition Management Systems Scholarship.

Step 1: Choose Your Plan

Students in the Graduate School of Business (GSB) may choose from two payment plan options: annual payment and term payment. These plans are offered only for the Fall, Winter and Spring terms.

Annual Payment Plan

GSB students intending on enrolling for the full academic year are eligible for the annual payment plan (APP). The APP allows a student or his/her parents to spread their payments over 9 months. To sign up for the APP, students must pay a non-refundable enrollment fee of $105. Dates for the APP are as follows:

Term Payment Plan

The term payment plan (TPP) is available for all GSB students. TPP designed for students intending on enrolling for one specific term. The plan allows a student or his/her parents to spread their tuition payments over 3 installments. To sign up for the TPP, students must pay a non-refundable enrollment fee of $65 per term. Students enrolled in the TPP must reapply for every term they choose to participate. Dates for the TPP are as follows:

Step 2: Plan Your Budget

• Budget Worksheet (Excel)

This part of the payment plan process is to help you provide TMS with the correct budget figures.  TMS does not have access to your Loyola student account and therefore cannot determine your budget for you.  They can assist you with any figures you provide.

Budgets should be determined by adding up all charges and subtracting any credits.  To help, we have a budget worksheet (Excel) in which you can input the figures that match your tuition and fee situation.

Tuition and fee amounts can be found in a couple of ways.  First, look on your e-Bill or Account Summary in LOCUS to see exactly what is on your account.  If you haven't been assessed any charges or anticipated financial aid yet, you can always estimate using the numbers provided on our Tuition and Fees and Housing Websites.

You can adjust you budget up or down at a later date.  It is also very important that you review your Loyola account and TMS budget periodically to verify your budget is sufficient to cover your costs.  Students will still receive monthly e-Bill statements from Loyola on top of the monthly TMS bills to help keep track of the account status.

Step 3: Enroll in a Plan

To sign up now for a tuition payment plan, go to the TMS LUC Quarterly Graduate Website or call them at: 888.713.7238.

Payment Plan Policies

Once you are enrolled in a payment plan with TMS:

• Plans are billed on the 15th of each month by TMS and payments are due the 5th of the following month to TMS.
• Payments not received by the due date will be assessed a late payment fee by TMS.
• If payments are not made as scheduled, the payment plan will be canceled and the balance and the entire amount immediately due to Loyola.
• Two returned checks over the course of the plan will result in the cancellation of the plan with TMS and the entire amount will be immediately due to Loyola.
• If a budget adjustment is needed, contact TMS.
• Past due accounts will be encumbered.
• Payments can be made to TMS by:
  • Check or money order
  • Credit card (Discover, MasterCard or American Express)
  • E-check: Withdrawn from your checking or savings account (by phone, online or automatically)

Please note:

• The Office of the Bursar will continue to generate an e-Bill each month; it will reflect charges, credits, TMS payments and any new transactions.
• Verify that your budget is sufficient to cover your cost. Use this budget worksheet (Excel) to calculate your estimated budget.
• Contact TMS to adjust your budget to include additional cost/credits.
• You may pay the under budget amount to the Office of the Bursar.
• Verify that all financial aid included in your budget is posted to your LOCUS account.

Contact TMS

For more information about tuition payment plans, contact TMS at: 888.713.7238, or visit: https://www.afford.com.