The tuition for each term is due payable in full by the 20th of the month before the term begins (consult the KMI Academic Calendar). Since this can be a financial burden for many families, KMI does allow for payment plans similar to what the universities offer. Payment arrangements must be established before the term begins, and each payment must be made according to schedule regardless of any pending make-up or unused lessons. Payments may be made at the lesson before the due date, or may be mailed in to be received on or before the due date.
N.B. There is NO payment plan for the Initial 6-Week Introductory Period, and new students enrolling for the full-term have ONLY Option 1 available. The other payment plans become available to all students after they complete their first term of lessons. (See Startup Tuition.)
Option 1 (4-week): 50% of the tuition is due by the 20th of the month before the term begins, and 50% of the tuition is due by the 20th of the first month of the term (30 days later).
Option 2 (6-week): 40% of the tuition is due by the 20th of the month before the term begins, another 30% is due by the 15th of the first month of the term and the balance (30%) is due by the 10th day of the second month for the term (25 days later).
Option 3 (Monthly): Four payments of 27.5% of the tuition is due by the 20th of each month starting with the month before the term begins. The 27.5% includes 25% of the total term tuition plus a 2.5% surcharge (a total of 10% for the term).
Option 4 (Installments): Make payments on a regular basis so that the tuition is paid in full before the 20th of the month before the beginning of the term.
Payments may be made at the lesson before the due date, or may be mailed providing it is received on or before the due date. The cost of materials must always be paid immediately, in addition to the scheduled tuition fee payments.
Payment Reminders and Account Statements are mailed monthly for all accounts that have a balance due. Account Statements showing payment in full are mailed at the beginning of the term for all accounts paid in full (no payment plan).
A $5 processing fee is charged to all accounts that select a payment plan to pay for the additional mailings and processing time required. Accounts paid in full before the beginning of the term are not charged this fee.
(SEE HANDBOOK: Payment Plans for complete policies regarding payment plans.)