The Cornell Installment Plan, also known as the Tuition Pay Plan, is administered by SallieMae®.
What are the benefits of using the Cornell Installment Plan (CIP) option?
- Pay tuition in interest-free installments
- Borrow less
- Keep your assets longer in interest-bearing accounts
- Choose from two payment options: 12-month* or 10-month*
- Opt for single-semester, 5-month payment plans
*For 10- and 12-month plans, if enrollment is completed by the deadlines, the CIP credit will be split between semesters and appear on the July (fall) and December (spring) bursar bills.
When does the plan begin?
- Fall semester 12-month plans begin on May 1
- Fall semester 10-month or 5-month plans begin on June 1
- The deadline to enroll for the fall semester is August 1
- Spring semester 5-month plans begin November 1
- The deadline to enroll in the spring-only plan is January 1
Other Resources
Questions? Contact SallieMae by phone at (800) 635-0120, Monday through Friday, from 8:00 a.m. to 9:00 p.m. ET.
