Comparison of Tuition Payment Plans
| Revised 05/2006 Reviewed 05/2006 |
| Eligible Students | Plan Amounts | Current Interest Rate | Fees | Repayment Terms | |
| PLUS Loan |
Parent loans for dependent students. (If denied the student is automatically awarded unsubsidized Stafford loan.) Freshman + Sophomore: $4000.00 Junior + Senior: $5000.00 |
Total Cost Less Financial Assistance | 8.5% fixed |
3% Origination Fee |
Up to 10 Years to Repay - Principle Payments can be deferred |
| Tuition Guarantee Plan | First Semester Freshman not receiving financial assistance | Tuition and Fees Only | No Interest | 3% Participation Fee | 44 Monthly Payments |
| Tuition Stabilization Plan | Freshman and Sophomore students not receiving financial assistance | Tuition Only | No interest | No fees | Pay up front 2, 3, or 4 years |
| Monthly Payment Plan | All Students with balances of $2,000 or over with no prior semester balances. | Total Cost Less Financial Assistance | No interest | 3% Participation Fee |
10 Monthly Payments Signed Contract through May 1st |
| Signature Student Loan | All Students (need credit/co-signer) | Total Cost Less Financial Assistance | Prime minus 0.5% to 2% based on borrower's or cosigner's credit. | 0%, 3%, 4% or 6% Disbursement Fee based on borrower or cosigner's credit. | Starting Six Months After Graduation Up to 15 Years to Repay |
