If your family's resources plus the financial aid award are insufficient to meet the full cost for the year, consider one or more of the following financing options:
Graduate PLUS Loans
Students admitted into a Graduate program may apply for a Federal PLUS loan.
Graduate students must pass a credit check that the lender will perform, and cannot be in default on an education loan or owe a refund on an education grant to qualify.
The student may borrow up to the annual cost of attendance minus all other aid awarded to the student.
The Graduate PLUS loan has a fixed interest rate.
Repayment begins within 60 days of the final disbursement. Students enrolled at least half time with Graduate PLUS loans will be placed in an in-school deferment and will remain on an in-school deferment as long as the student remains enrolled at least half time.
Students can apply on-line or request a paper PLUS application from the Financial Aid Office.
Private Alternative Loans
A student, who has exhausted all other financial aid options, may want to consider applying for an alternative educational loan.
Students enrolled at least half time are eligible, and can apply for this type of loan on their own if creditworthy. If not, a creditworthy cosigner will be required.
Students can borrow up to cost of attendance minus other aid received.
Payments are deferred as long as the student remains enrolled half time, but interest will accrue while in school.
To apply click on the following link: Apply for Private Loans
United Methodist Loan
The United Methodist Loan is available to a student who is an active, full member of The United Methodist Church for at least one year prior to application.
The annual loan maximum is $2500 for full-time students; $1250 for half-time students.
A cosigner is required.
Repayment begins no later than six months after graduation and there is a ten-year repayment period.
Interest accrues on the principal balance from the date the loan check is disbursed until loan is paid in full.
There are no prepayment penalties.
Applications are available in the Financial Aid Office.
TuitionPay from Salliemae
TuitionPay offers a 10-month payment plan.
The student budgets for any amount of the year's charges, which is divided into 10 equal installments, with no interest added.
The first payment is due June 1.
There is a $55 application fee.
Student may enter the program after June 1 by sending a check for all missed payments.
Applications are available at the Financial Aid Office or you may enroll online at www.TuitionPayEnroll.com.
University Deferment Plan
If payment in full is not possible on registration day, a one-month deferment of up to one-half the total charges may be granted.
An application and processing fee will be assessed.
Credit Cards
VISA, MasterCard, American Express, and Discover are accepted by the university for payment of books and institutional charges.
Payments can be made by authorized users on the school website.
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(317) 788-3217 • 800-232-8634 • financialaid.uindy.edu • financialaid@uindy.edu