Payment Terms and Conditions

Terms and Conditions for Credit/Debit Card Payment

This site enables you, the student, and your parent, legal guardian, or other third party to pay tuition, and other school related charges only. To use the service, you must have authority to make charges to the credit or debit card you are using.

By submitting a payment using a credit or debit card, you are certifying that you are an authorized user of the credit/debit card, and that any payments made to AIMS will not be disputed with your bank or credit card company. If a secondary credit/debit card is used other than your own, AIMS has the right to contact the cardholder and ask for verfication. You, the student, will be responsible for all chargebacks.

Transaction Fees / Allocation of Payments for all Credit and Debit Card Payments

You must calculate a 3% merchant service fee to your total payment when using a credit or debit card to submit payment.

How to Calculate Credit and Debit Card Payments:

In order to calculate the amount you must pay when using a credit or debit card, you need to multiply your tuition payment by 3% (e.g. $100 x 1.03 = $103). The chart below provides examples of payments amounts that include the 3% service fee.

Tuition Amount 3% Service Fee Payment Amount
$100 $100 x 0.03 = $3 $100 x 1.03 = $103
$400 $400 x 0.03 = $12 $400 x 1.03 = $412
$600 $600 x 0.03 = $18 $600 x 1.03 = $618
$985 $985 x 0.03 = $29.55 $985 x 1.03 = $1014.55
$1030 $1030 x 0.03 = $30.90 $1030 x 1.03 = $1060.90
$1275 $1275 x 0.03 = $38.25 $1275 x 1.03 = $1313.25


If you do not add the 3% merchant service fee to your credit/debit card payment, AIMS will subtract that amount from your payment and you will be responsible for paying the remaining tuition balance. In the example below, Student B included the 3% service fee, but Student A did not include the fee. Since Student A did not include the 3% service fee, only $97.08 was credited toward his/her account. A tuition balance of $2.92 is still remaining for Student A. Student B has fully paid his/her tuition.

  Student A Student B
Tuition Amount Due $100 $100
Payment Submitted $100 $103
Tution Paid $97.08 $100
Remaining Tuition $2.92 $0


Terms and Conditions for ACH Payment (EFT)

By choosing to use a bank account (checking/savings) as your payment method, you will not incur any additional service fees. Any valid automated clearing house ("ACH") enabled bank account at a United States-based financial institution can be used. Whenever you choose to pay by ACH, you are authorizing Transaction Express to debit your bank account for the total amount of the tuition due. Your transaction must be payable in U.S. dollars.

Please note the following when making an ACH payment:

  • You will be charged a $25 penalty fee for any returned payments (e.g. Non-sufficient funds (NST), invalid account number, invalid routing number, etc.).
  • AIMS reserves the right to cancel your ability to make payments using a bank account for any reason at any time.
  • Transactions that are processed using your bank account will be identified as ACH (or similar identifier) on the statement issued by your bank or other financial institution holding your account.
  • A receipt will be generated to the email account that you provide. All questions relating to any transactions made using your bank account should initially be  directed to AIMS, but may also require involvement of your bank.


We reserve the right to amend this Agreement at any time, by adding, deleting, or changing provisions of this Agreement. You may contact the AIMS Education Financial Aid Department at 908-222-0002 for further information.