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What are Multiple Installment Plans (MIP)?

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Multiple Installment Plans or MIP is having two or more tuition installment plans. Students who need additional tuition coverage may apply for a new installment plan on top of their current one. This is called having "Multiple Installment Plans".

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How do I apply for Multiple Installment Plans (MIP)?
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Can I apply for another plan even if I have an existing installment plan?
Am I eligible for Multiple Installment Plans (MIP)?
What is the difference between Multiple Installment Plans (MIP) and the 1st plan?
Now that I have more than one installment plan, how do I know how much to pay?