Payment Options

A college education is a major purchase that should be considered an investment which is why we partner with you to make your dream of attending Illinois College a reality.  Here are a few ways IC will help you manage your investment:
Semester Payment Plan
You may make one payment each semester by cash, check or credit card. Account balances are due by August 5, 2017 for the fall semester and by January 5, 2018 for the spring semester. For more information or to make a payment, contact the Student Financial Services office at 217.245.3035.
Monthly Payment Plan
Pay your bill in monthly installments with 0% interest. For a $50 administrative fee each semester, Tuition Management Systems (TMS) will help you break up your bill into monthly payments. All students and families automatically qualify - there is no approval process.
After logging into, you will have access to a student account center that offers the following features:
:: Monthly payments include 5 months starting July 1 for fall semester bill and 5 months starting December 1 for spring semester bill
:: Account Summary and Activity Data - available 24/7 with real time updates, including financial aid
:: Options to Pay Your Bill - enroll in a payment plan that starts on July 1, 2016, or make one-time payments by available payment methods
:: Ability to Share Account Access - with parents or additional parties to assist in managing your account
Federal Direct PLUS Loan for parents
Federal Direct Parent PLUS Loans are available for parents of undergraduate students where the parent is the borrower and is responsible for the loan. Contact our office at 217.245.3035 or if you have questions or need assistance.

Alternative Education Loans
There are private student loans available for students needing additional loan funds to pay for their education. We encourage students to exhaust all grant, scholarship and federal loan aid before applying for an alternative loan. Students may need a credit-worthy co-signer in order to qualify.  Information including a lender list is available at
When will you receive a bill?
The Office of Student Financial Services provides monthly statements and charges are by semester. Bills for the Fall semester are mailed in the month of June and bills for the Spring semester are mailed in the month of December. Contact the Student Financial Services office for more information.

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