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 for the fall semester and by January 3 for the spring semester. For more information or to make a payment, call Doris Gregory, the Director of Student Accounts, at 217.245.3018.
Deferred Payment Plan
Pay your bill in monthly installments with 0% interest. For a $45 set-up fee each semester, Tuition Management Systems (TMS) will help you break up your bill in up to 12 monthly payments. All students and families automatically qualify - there is no approval process.
There are a variety of options including:
  • 12 monthly payments beginning May 1
  • 11 monthly payments beginning June 1
  • 10 monthly payments beginning July 1
  • 9 monthly payments beginning August 1
  • 2 payments per semester (8/5 and 10/20 for fall and 1/5 and  3/20 for spring)
Federal Direct PLUS Loan for parents
Loans are available for parents of undergraduate students where the parent is the borrower and is responsible for the loan. Visit for more information, a link to loan repayment calculators and our PLUS Loan Request Form. Contact our office at 1.866.464.5265 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 Accounting Services mails bills monthly 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 Doris Gregory, the Director of Student Accounts, at 217.245.3018 for more information.

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