Paying the Tuition Bill: Use Cash Flow, Savings, and Loans Strategically

Event Information

Wednesday, May 21, 2025
to
Online

Receipt of a college tuition bill is rarely a cause for excitement, but it doesn’t need to be a source of dread. This workshop will teach parents how to approach their child’s tuition bill strategically—looking at all their sources of funding—to make college payments manageable. Attendees will learn how to:

  • Calculate direct and indirect college costs
  • Utilize tuition payment plans
  • Minimize the tax and financial aid impact of spending savings
  • Choose student and parent loans wisely
  • Develop a multiyear college payment strategy

Presenter: Michelle Clifton, B.S.; College Finance Consultant, Bright Horizons College Advising

Michelle Clifton has spent the majority of her professional career in higher education. She began her career at the Rhode Island School of Design, working with student accounts and student loans. At Babson College, she worked in a variety of roles within Student Financial Services, including financial aid, student loans, and student accounts. She most recently served as Babson’s associate director of financial aid, providing financial aid counseling for undergraduate and graduate students, reviewing and awarding applications, processing appeals, and overseeing all loan processes. Michelle is an active member of the Massachusetts Association of Student Financial Aid Administrators, and volunteers for FAFSA Day Massachusetts, where she guides students in completing their online financial aid applications. She holds a B.S. in management from Northeastern University.

MIT is committed to providing an environment that is accessible and inclusive for individuals with disabilities. If you need a disability-related accommodation for this event, please email worklife@mit.edu.

Student Loan Repayment Guidance

Are student loans getting in the way of your financial future? Receive expert guidance on your unique student loan situation, and develop a strategy to manage your—or your child’s—education debt.