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How Will You Pay for Summer Quarter?
By Suki Bourquin | June 11, 2007
What can students do if academically they can’t afford to take the summer quarter off but they can’t afford to pay for summer quarter either? Many students who survive on financial aid have already used their three quarter allotment of Pell Grants, but they really need to take summer classes. Student in this situation may be desperately trying to figure out how to get the money to cover summer tuition and books.
The new financial aid resource is the deferred payment program. This program allows student to borrow money for tuition and books and set up an individualized automatic payment plan. The advantages to the automatic payment plan are easy online enrollment plan, monthly payment plan, flexible payment options, and no interest.
You must have a minimum balance of 100.00$ to budget through the automatic payment plan. The last day to enroll for e-cashier towards summer tuition of 2007 is June 21, at which time a 30% down payment must be made. Then you must make 2 payments in July and August.
The Emergency Fund is another program that allows students to borrow money for books or tuition provided they can pay back what has been borrowed by the end of the quarter. It is very important for students who chose to use this type of aid to remember that the summer quarter is shorter and students need to be realistic with themselves about their ability to pay the funds back. The consequence for non- payment is a hold on grades and the possible inability to register for future classes. Susan Shannahan stresses the importance of timely payments so future students can also use these funds.
For students wanting more information on e-cashier, emergency fund, or scholarship information go this registration page to sign up.
Topics: Student Resources |