It also rebranded its major phone plans and offers student plans with the option of adding 5G home internet service. The new Equipment Installment Plan Flex 36 option lets you make those payments over 36 months, reducing the monthly amount. Even with most 0% finance plans, customers must pay taxes on the cost of the phone and pay an activation fee. Along with EIP Flex 36, T-Mobile is updating its unlimited postpaid mobile plans to 2.0 versions: Experience Beyond 2.0, Experience More 2.0, Essentials 2.0 and Essentials Saver 2.0. Student Perks plansNow that it’s August, with the academic year about to begin, college-bound kids (and their parents) are likely figuring out what they need to pack for school — and that includes mobile phone plans.