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Payment and Loan Options

Bay Path University is committed to making the process of paying for college as flexible as possible.

Monthly Payment Plan

Bay Path University offers students and parents an interest-free monthly payment plan option to assist you in financing your education. Through the Transact platform, families have the option of a monthly payment plan to divide the out-of-pocket expenses into 5 easy payments each semester. A $55.00 per semester enrollment fee covers the plan administration. If you have any questions, please call the Student Financial Services Office for assistance. 


With the Transact system, you can:

  • Provide system access to your parent or another designee to pay on your behalf.
  • View your recent account activity anytime.
  • Make a one-time payment or sign up for a monthly tuition payment plan.
  • See all of your account history (payments, statements) for 12 months.
  • Receive convenient email reminders when your new bill becomes available.
  • Receive email confirmations of each payment you make.
  • Sign up for direct deposit of your financial aid and other refunds through CASHNet using a safe and secure eRefund application.
  • View and download 1098T tax forms electronically.

ACH (E-Check) payments can be made at no additional cost. Credit and debit card tuition payments will carry a 2.75% processing fee, Payment plans will now be available to all students – see Frequently Asked Questions for additional information about payment plan options and fees.

Student Financial Services will provide additional information, including login instructions when your tuition bill is generated and ready to be viewed online. Questions may be directed to

Federal Direct Parent Plus Loan for Undergraduate Students (PLUS)

The Federal Direct Parent PLUS Loan program provides a borrowing option for parents of dependent undergraduate students to help finance their student's education. The maximum amount a parent can borrow is the cost of attendance less other sources of financial aid. The student's award letter will indicate the maximum amount eligible. This amount can be reduced or declined; no parent is required to borrow a Federal Direct PLUS Loan.

The funds are borrowed directly from the U.S. Department of Education. This is a credit-based loan.  Information regarding current interest rates and loan fees may be found online at the Federal Student Aid website. Interest accrues from the first date of disbursement. Repayment begins after the loan is fully disbursed; however, deferment options are available to delay repayment. There is no prepayment penalty.

To borrow through the Federal Direct Parent PLUS Loan program the parent must pass a credit check, which is valid for 180 days. Parents without adverse credit will be approved for the loan. Adverse credit is defined by regulation as: 90 days or more delinquent on any debt or having a credit report that shows a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off of a Title IV debt, during the five years preceding the date of the credit report. Parents denied a Federal Direct Parent PLUS Loan will be offered the option to appeal or apply with a credit-approved endorser.

Parents intending to borrow a PLUS Loan will need to complete a Master Promissory Note (MPN) and PLUS Application online at the Federal Student Aid website. In subsequent years, only the PLUS Application will need to be completed. The MPN is valid for 10 years after a loan has been issued from it.

Private Loans

These loans are based on the credit worthiness of the borrower, income-to-date ration and may require a co-signer. The information in the borrower’s and co-signer’s credit report will determine the interest rates qualified for. There is usually a minimum loan amount depending on the lender's requirements. The terms and conditions vary depending on the lender’s requirements. Borrowers may be allowed to defer payment of principal and interest on the loan while the student is enrolled in school. Note that you may borrow a private loan through any program that you choose. Be sure to maximize your federal loan eligibility before applying for a more expensive private student loan. Bay Path University provides a list of private loan lenders for your consideration on ELM Select.  Explore this external website for:

  • Easy access to lender’s websites
  • The ability to compare loan programs side by side
  • Links to other helpful websites, such as loan payment calculator to help you estimate your loan payments
  • Information on rates and fees for private alternative loans from lenders who have worked with our students in the past

Frequently Asked Questions