Is this amount monthly or a one-time payment? Does this payment cover one semester or both? February 21, 2020 19:33 Updated The Plan is per semester and it is a one-time payment. You may enroll in more than one semester at a time. Related articles Who is eligible to buy tuition insurance? Can I pay for only a few months of coverage? Is a student eligible for tuition insurance if he or she is paying for college with student loans or financial aid? Do plans cover the entire academic year? I withdrew from one class because I got sick and could not juggle it. Can I get my money back for that class?