That depends on the state, right?
More like the Financial Aid Department. I just walked in and asked if I could pay my owed tuition at a fair enough rate a month and they directed me to this site where my school has an agreement with and I signed up:
http://www.ecsi.net/tpp/student.html
The way it works
for me (please verify this with
YOUR financial aid office) is they green flag your tuition and let you go back to classes, only you MUST make the payments religiously a month or they pull the contract out from under you, and you back to square one. No credit check that I know of.
Before BDCP, I owed about $3,000 one semester and Financial Aid told me I'd have to pay it off somehow or lose my active student status. This sucked bad for me because if I didn't make the money, I couldn't be an active student, and thus my application which was still in the pipeline would be declined for sure. Under this payment plan, I worked my tail off between two part time jobs while in school full time and paid 20% a month. It sucked wind, but I did it, maintained my active student status, and I was picked up for BDCP that very semester. Now that I'm in BDCP, the payments are a drop in the bucket a month relatively. Hard work real came through for me.
With all the yuppy parents out there paying junior x dollars a month to keep him in school, I don't see why any university wouldn't have such a payment system.