Financing Options
The Northfield Mount Hermon experience enriches each student’s development. As the cost is substantial, we want to provide you with information about billing schedules and financing options that can make this opportunity affordable for your family. These financing plans can supplement need-based financial assistance or can provide primary funding sources for those families ineligible for financial aid.
NMH traditionally bills twice during the year. The first 65 percent of a family’s portion of tuition, plus fees less the enrollment deposit, is due on July 15; the remaining 35 percent is due on December 1.
NMH offers three other payment options that can spread the costs over time. These options are described below. If you choose the TuitionPay payment plan you will choose that option on your enrollment agreement and sign up with them directly.
TuitionPay 10-Month Interest-Free Payment Plan offered by Sallie Mae
The TuitionPay 10-month plan administered by Sallie Mae divides the cost of tuition and mandatory fees into 10 equal monthly payments. The plan begins in May and ends in February. There are no interest charges, only a one-time, nonrefundable application fee required for each year that you enroll. You may sign up online by clicking on “Enroll Now." During the process you will create a user ID and password that will allow you to log on and manage your account. If you have any questions about the plan, please contact Sallie Mae at 800-635-0120.
Sallie Mae K-12 Family Education Loan
This loan plan offers an interest rate that can be as low as 7.00 percent APR and up to 11.50 percent APR based on the borrower’s credit. The repayment terms are one to three years. If you have questions, please contact Sallie Mae directly at 888-272-5543 or visit their website for more details.
Your Tuition Solution Education Loan
This loan offers an interest rate as low as 3.99 percent APR based on the borrower's credit history and amount financed. The repayment terms are two to seven years. If you have questions, please contact Your Tuition Solution at 800-920-9777 or visit their website.
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Northfield Mount Hermon
One Lamplighter Way | Mount Hermon, MA 01354