<p>Room and board for students in the dorms is always billed as ten equal monthly payments. </p>
<p>Tuition is billed once per semester unless you choose the deferred payment plan. That plan bills you in five equal monthly payments - corresponding to the one semester. The cost for dividing tuition across monthly payments is $40 per semester.</p>
<p>You would never pay the entire year’s cost all at once. The $11,000 or so that is housing/meals will be billed as $1,100 or so per month, for ten months.</p>
<p>The remaining costs will be billed for August and January payment, and if you don’t pay all of that charge in Aug and/or Jan, they put you on the deferred plan. No form to sign; if you don’t pay all the registration/ship/other charges in full the month they are billed, you are using deferred payments.</p>