University of Vermont

Student Financial Services

Resource Options for Student/Family Responsibility

It is the responsibility of the student and his/her family to cover the Cost of Attendance. Any aid that is or will be accepted from the Financial Aid Award will be applied against the Cost of Attendance. Please review the information below on options for covering any remaining cost.

Personal Payment Options

  • Direct Payments: UVM accepts payment by cash, check, online check, online credit card, wire transfer and more. Learn more in our Payment Methods section.
  • Assets/savings: Using assets intended for education in the early years will remove them from future consideration in determining financial aid eligibility. Further, you may reduce the need for loans in the early years of your education. Loans borrowed for your first years in school may accrue interest for the longest period of time; limiting your loan borrowing in your first and second years could save you over the long-term.
  • 529 Plan Payments: If you have a college savings plan, be sure to request any distributions well in advance of the due date. Payment must be received by 4 p.m. on the day the bill is due. Distribution checks need to reference the student's name and UVM ID# (95#) and should be sent to:

    University of Vermont
    PO Box 1306
    Williston, VT 05495

Monthly Payment Plan

The university has contracted with Tuition Management Services (TMS) to administer a monthly payment plan. The TMS plan allows you to spread the cost of each semester (tuition, fees, university-charged housing and meals) over a maximum of five monthly payments (July 1st – November 1st for fall charges and December 1st – April 1st for spring charges). The payment plan can also be used to cover a portion of the student's total charges. Semester plans are available to all students for a fee of $60 per semester. To get started, contact TMS online or at 1-800-722-4867.

Note: TMS does not have access to a student's bill. It is the student's responsibility to ensure the monthly payment plan is set up for enough to cover all charges. If you aren't sure how much to set your payment plan up for, contact Student Financial Services for assistance.

Outside/Private Scholarships

With some time and effort, students can find and apply for numerous external scholarships (learn more in our External Scholarship Resources section). For information on UVM scholarships, visit the Scholarships section of our site.

We can defer the portion of a student's bill that will be covered by external scholarship assistance if you make note of this assistance when responding to your bill and provide us with a copy of the award or notification letter. Financial aid recipients must notify Student Financial Services if you are receiving any outside scholarships. These scholarships may affect other financial aid that you have been awarded.

Loan Financing

  • Federal Direct Parent PLUS Loan: Parents of dependent students may apply to cover educational expenses with a Federal Direct Parent PLUS Loan. The maximum loan amount is the total cost of attendance less any other financial aid that a student accepts (including loans, scholarships, grants, and work study). Credit approval is required in order to borrow the loan. The application is submitted to and approval determined by the U.S. Department of Education or one of its agents. For more information about the Federal Direct Parent PLUS Loan and for instructions on how to apply, please visit our PLUS Loan page.

  • Alternative loans for students: Alternative or private student loans are an option for dependent students whose parents are not pursuing the Federal Direct Parent PLUS Loan or for independent students who need additional loans to supplement other financial assistance. UVM recommends that dependent students consider the benefits of the Federal Direct Parent PLUS Loan before borrowing a private student loan. Federal loans are generally more attractive than alternative loans. We strongly recommend you to use your federal loan eligibility before borrowing private loans. Learn more about alternative student loans.

Last modified April 08 2016 12:40 PM

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