Multiple-Year Prepayment Plan (MYPP)
This plan, offered to parents and guardians of enrolled Middlebury College undergraduate students who are not financial aid recipients, allows you to lock in future tuition and room and board costs at the current year rate.
Prepayment may be made for three or four years at the current tuition and room/board fee rates. The student activity fee is not included and must be paid separately each semester.
How It Works
The prepayment is made in a lump sum on or before the August 15 due date for fall semester bills (for students entering in the spring semester, the payment must be made by December 15). Regardless of future rate increases, you are guaranteed that this amount will cover tuition and room and board for each year that is prepaid.
If you are considering the use of distributions from a Qualified Tuition Program (QTP) or 529 Plan for the prepayment, please review IRS Publication 970, Tax Benefits for Education, and consult with your tax advisor or accountant. Middlebury is not in a position to provide families with tax advice regarding the taxibility of distributions from a QTP or 529 Plan.
If the student takes a leave of absence from Middlebury, refunds for the current year are made in accordance with the refund procedures. Refunds for future years that have been prepaid are made in the amount originally prepaid for the year.
For more information on the prepayment option and to request the agreement, please contact Michele Almeida, Bursar, at 802-443-5907 or firstname.lastname@example.org.