monthly payment plans

Siena College offers a monthly payment plan through Tuition Management Services (TMS). You may contract with TMS to pay the balance due or a specified amount to the College. No interest is charged. However, there is a $35/semester fee.  A monthly payment plan can be set up by contacting Tuition Management Services at 800-279-1918 or visiting their website


Checks and cash are accepted for payment and can be sent to:

Siena College
Office of Business Services
515 Loudon Rd. Loudonville, NY 12211

Please include the students name and/or student ID number with payment. The College does not accept credit cards as a form of payment. 

Bills can also be paid through the Student Account Center on the TMS website by an automatic withdrawal from your checking or savings account. 


Parent PLUS Loan

Parents of dependent undergraduate students borrow the Parent PLUS Loan to help their children pay for college or career school. The Parent PLUS Loan offers a fixed interest rate and flexible loan limits. The maximum amount that parents are allowed to borrow through a Parent PLUS Loan is the total cost of attendance minus all financial aid (including other Federal loans). The Direct Parent PLUS interest rate for the 2020-2021 is fixed at 5.3% (an additional .25% interest rate reduction is applied to the loan when using auto-debit for repayment). An origination fee of 4.226% is automatically deducted from the loan amount. Parents apply for a Parent PLUS Loan directly through the Department of Education.

Below are banks providing Parent Private Loans:

Private Education Loans

Private (alternative) loans are offered by various banks, lending institutions, credit unions, and state agencies.   The borrower is the student and in most cases a credit-worthy co-signer is required. These loans are not associated with the federal government. You can apply via telephone or online with the lender of your choice.

Interest rates can be either variable or fixed will generally start to accrue after the loan funds are disbursed to the school. Depending on the lending institution, interest payments may be required while the student is enrolled in school. Students who receive the best interest rates typically have good credit or have a co-signer with good credit. Many lenders require that students have a co-signer.

In the past, Siena students have used the following banks for private loans: