Split payments by total: how it works

Last updated: May 6, 2026

Split payments by total: select # of payments > system auto-divides equally > customize per installment if needed > set dates. Remaining amount must = $0 before sharing.

Divide the total cost of a program into equal or customized parts.

How to set up

  1. Select Split payments by total.
  2. Scroll to Payment Schedule.
  3. Select the number of payments to divide into.
  4. The system auto-divides the total amount equally.
  5. Edit any payment amount manually if non-equal splits are needed.
  6. Set the date for each installment.

Verification

The remaining amount at the bottom must show $0 before sharing the plan with the student.

When to use

  • Standard installment plans (3 equal payments, 4 equal payments).
  • Custom-amount plans where the agency decides each installment value.
  • When the student wants flexibility on installment dates.

Source: https://help.edvisor.io/efa/split-by-total