Payment Plan Overview
Education expenses can be easier to manage when spread over predictable monthly payments. Reed College offers interest-free payment plans, administered by Flywire, that are designed as an alternative to making one large payment.
Payment plans are available each semester. The enrollment fee is $55 per semester, paid directly to Flywire (as it is not paid toward the tuition bill). The fall semester plan opens May 1, and the spring semester plan opens November 1.
Depending on the date of enrollment, plan users may be eligible for up to six installments for the fall and spring terms. Payment plan installments will be automatically deducted on the 15th of each month from the bank account specified when enrolling in the plan.
Payment plans offer
- convenient monthly payment plan options for 6, 5, and 4 months;
- 24/7 account access to view and manage active payment plans via Reed Student Account Center;
- the ability for authorized users to make payments toward a payment plan or enroll in a payment plan on behalf of their student.
Payment Plan Schedule
| Payment Plan | Enroll on or Before | Total Installments | First Payment | Last Payment |
| Fall Semester | May 15 | 6 | May 15 | October 15 |
| Fall Semester | July 15 | 5 | July 15 | November 15 |
| Fall Semester | August 15 | 4 | August 15 | November 15 |
| Spring Semester | November 15 | 6 | November 15 | April 15 |
| Spring Semester | December 15 | 5 | December 15 | April 15 |
| Spring Semester | January 15 | 4 | January 15 | April 15 |
How to Enroll in a Payment Plan
To enroll in a payment plan, follow these steps:
- Students: Log in to Reed College Student Account Center and select the “Payment Plans” tab. The available payment plan options are displayed. The earlier the plan enrollment, the more payment installment options are available. The fall term plan opens May 1 and the spring term plan opens November 1.
- The plan balance initially defaults to the "Balance Due." Since enrollment in a six-month payment plan occurs before the term charges (tuition, fees, room, and board) are assessed, an estimate will be needed to set the payment plan balance in the initial months. Review the academic year tuition and fees to calculate an estimate. Payment plans can be adjusted after the business office sends the bills, to better align estimates to actual balances due.
- After an activation of a plan, an email will be sent confirming the enrollment.
Log in to the student account center at any time to see the status of the plan, change the payment plan, make a partial or full payment towards the remaining balance, or update autopay details.
Adding Authorized Users
Through the student account center, students may grant one or more authorized users access to their financial information, including the ability to view charges on the account, pay the bill, or enroll in a payment plan on behalf of the student. An authorized user can be a parent/guardian, family member, employer, or any other person the student may wish to have access to their account.
Adding an authorized user to the student account is quick and easy. View our instructions for establishing authorized users. The authorized user will receive an email with instructions on how to log in to the system to verify their authorized user account.
Payment Plan Ownership
Students and/or authorized users can enroll in a payment plan.
- If the student enrolls, the student is the owner of the plan.
- If an authorized user enrolls, that individual is the owner of the plan.
- Only the owner of the plan can change the payment method.
Both the student and all the student's authorized users will receive payment plan notifications by email.
Students: Log In to your Student Account
Autopay Reminders & Processed Installments
To ensure the payer has enough funds available to cover the upcoming payment, five days before the scheduled autopay installment, a reminder email is sent alerting that an autopayment will be processed on the 15th.
On the 15th, a monthly automatic installment is processed by autopay from the scheduled credit card or checking/savings account. Notifications will come by email when the payment has been processed.
Failed Payments & Payment Plan Termination
Notifications are sent before any payment plan installment is processed. This is to allow opportunities to ensure sufficient funds are available for the upcoming installment. If a scheduled monthly installment payment fails (i.e. the ACH payment is returned due to insufficient funds in the checking or savings account), the payer will be notified by email.
For every failed ACH payment, the payer will be charged a penalty fee of $30.00.
Flywire will reattempt to collect a failed installment payment five business days after the failed payment transaction is posted to the student account. If the reattempted collection also fails, the failed payment will be added to the next scheduled monthly installment payment.
The failure of two scheduled payments will result in automatic termination of the payment plan. The resulting unpaid balance on the student account will immediately become due and account holds will apply as per college policy.