Vandy Plan FAQ
How does the monthly payment plan work?
Each May, the parent/student needs to establish a budget for the fall and each October establish a budget for the spring semester. This budget may encompass all or any portion of your out-of-pocket expense required to cover tuition, room, meal plans, Commodore Cash, and various other expenses. Estimated costs may be obtained from our website.
Why do I not have a zero balance on my student account since I am making monthly payments to Transact?
If you have a balance due directly to the school, it is due to a shortfall in the budget with Transact. Some expense was not fully budgeted for, and it is best to pay the money directly to the University.
How do I change my budget?
Please contact Transact at 1-800-239-4211, or online. During certain times of the year, Transact may require Vanderbilt approval. Transact will e-mail Vanderbilt seeking approval. There is no need to contact Vanderbilt.
How do I make sure that what I budgeted for will include my card selections and meal plans?
To include meal plans or Commodore Cash, you must also contact the Commodore Card Office. Depending on the time of year, they might require a payment with the request. If not, these items may be billed to your account and you may pay Vanderbilt directly. If you did budget a meal plan or an amount for Commodore Cash, you must communicate your intentions with the Card Office. Transact will not inform Vanderbilt of your intentions.