<p>Does Ga tech offer any Payment Plans? If not, does it work with any company that offers this service? </p>
<p>I searched on the internet but I can’t find anything about it. I called the office of financial aid and they don’t have that information because it’s all automatic and that option doesn’t appear. </p>
<p>thank you</p>
<p>I do not know what you mean by a payment plan. If you mean to ask if Georgia Tech allows you to make multiple installments to cover expenses, the answer is no. Full payment is due by the start of classes, or with a late fee by the end of the first week. Failure to pay in full by this point will result in you being withdrawn from all your courses, housing, etc…</p>
<p>If you cannot come up with the full amount by the time school starts there are other options. Your financial aid package may include loans. With most loans, you can defer payment on the principal until after you graduate and can choose to pay interest payments while in school or after graduation. Of course, not paying interest while in school means you will have higher payments after graduation and pay more overall, because you will owe interest on the interest you deferred. If Georgia Tech does not offer you federal loans, you can also pursue private loans through various banks. You will typically need to co-sign with a parent who the bank thinks can guarantee the loans in the case that you default. Private loans typically carry variable interest rates which means they can go up, especially if you fail to meet the payment schedule defined in the agreement.</p>
<p>Since you mentioned a payment plan, I will assume that perhaps you would just need a bit more time after the start of classes to make your payments. If this is the case, you can take out loans to cover everything up-front and then pay back the loans as soon as money becomes available. If you choose to go this route, be sure to check that there are no penalties on your loan for early repayment. This would also allow you to avoid the interest cost that would accumulate if you waited until you graduated to make your payments.</p>