USA CREDIT UNION TUITION PAYMENT PLAN

 


Example 1:
If tuition and fees total $3,444.00 (approximate cost for a full-time in state student), payments could be paid as follows (assuming interest at 12% APR):

30 day payment          882.05
60 day payment          882.05
90 day payment          882.05
120 day payment        882.05
Interest charges total approximately $84.17

Example 2:
To use the plan for full-time in-state tuition and fees plus University student housing and meals, approximate total cost of $6,994.00 could be paid:

30 day payment          1791.24
60 day payment          1791.24
90 day payment          1791.24
120 day payment        1791.24
Interest charges total approximately $170.94

Example 3:
To use the plan for summer term tuition and fees approximate costs of $3,444.00 could be paid:

30 day payment          1747.87
60 day payment          1747.87
Interest charges total approximately $51.75

Summer Semester 2017
The USA Federal Credit Union offers a low cost plan for financing 100% of tuition, fees, housing, and meals with equal payments over two months. A book allowance of $750 is also offered. Students should see a Credit Union Representative by May 25, 2017 to secure their schedule. For more information please call (251) 706-0255 or see USA Credit Union Deferred Payment Plan for details. Participation for Summer 2017 will end May 25, 2017.

To qualify for this plan, a student must meet the Credit Union eligibility requirements. The student could then obtain a special short-term tuition loan, which would be repaid over the next four months.

Interest is anticipated to be 12% Annual Percentage Rate (APR), although this rate is subject to change. In order to qualify for this tuition loan, a student must join the USA Federal Credit Union by depositing $25 into a share account. This amount will be returned to the student when the student no longer wishes to belong to the Credit Union.

How to participate:

  • First, register for classes, so that your actual charges will show on your student account.
  • Pick up a statement of charges and a loan application (an application may also be obtained directly from the USA Federal Credit Union). The application may be taken to the USA Federal Credit Union, located at 103 Hillcrest Road. Your driver's license or similar official picture identification will be needed.
  • If you will be living in University housing and want to use this plan for payment of housing and meals, you will need to notify the Housing Office that you intend to use the USA Tuition Payment Plan to cover the balance.


  DOWNLOAD YOUR LOAN APPLICATION NOW

 

 

 

 

When obtaining your statement from the Office of Student Accounting to certify charges for the USA Federal Credit Union, make sure housing charges are shown on the statement.

You may want to apply early and request pre-approval on your loan using estimated tuition charges since your loan will need to be finalized with the USA Federal Credit Union before checking into your room.

*The length of repayment and number of installments may vary depending on the date of the loan.

Summer term tuition loans will be repaid in two installments (see Example 3). Students not attending on-campus regular credit courses are not eligible to participate, and off-campus housing cannot be included in eligible charges.

 


 

Example 1:
If tuition and fees total $3,444.00 (approximate cost for a full-time in state student), payments could be paid as follows (assuming interest at 12% APR):

30 day payment          882.05
60 day payment          882.05
90 day payment          882.05
120 day payment        882.05
Interest charges total approximately $84.17

Example 2:
To use the plan for full-time in-state tuition and fees plus University student housing and meals, approximate total cost of $6,994.00 could be paid:

30 day payment          1791.24
60 day payment          1791.24
90 day payment          1791.24
120 day payment        1791.24
Interest charges total approximately $170.94

Example 3:
To use the plan for summer term tuition and fees approximate costs of $3,444.00 could be paid:

30 day payment          1747.87
60 day payment          1747.87
Interest charges total approximately $51.75

Fall Semester 2017
The USA Federal Credit Union offers a low cost plan for financing 100% of tuition, fees, housing, and meals with equal payments over four months. A book allowance of $750 is also offered. Students should see a Credit Union Representative by published deadlines to secure their schedule. For more information please call (251) 706-0255 or see USA Credit Union Deferred Payment Plan for details. Participation for Fall 2017 will end August 10, 2017 for late registrations and re-registrations.

To qualify for this plan, a student must meet the Credit Union eligibility requirements. The student could then obtain a special short-term tuition loan, which would be repaid over the next four months.

Interest is anticipated to be 12% Annual Percentage Rate (APR), although this rate is subject to change. In order to qualify for this tuition loan, a student must join the USA Federal Credit Union by depositing $25 into a share account. This amount will be returned to the student when the student no longer wishes to belong to the Credit Union.

How to participate:

  • First, register for classes, so that your actual charges will show on your student account.
  • Pick up a statement of charges and a loan application (an application may also be obtained directly from the USA Federal Credit Union). The application may be taken to the USA Federal Credit Union, located at 103 Hillcrest Road. Your driver's license or similar official picture identification will be needed.
  • If you will be living in University housing and want to use this plan for payment of housing and meals, you will need to notify the Housing Office that you intend to use the USA Tuition Payment Plan to cover the balance.


                      DOWNLOAD YOUR LOAN APPLICATION NOW

 

 

  

When obtaining your statement from the Office of Student Accounting to certify charges for the USA Federal Credit Union, make sure housing charges are shown on the statement.

You may want to apply early and request pre-approval on your loan using estimated tuition charges since your loan will need to be finalized with the USA Federal Credit Union before checking into your room.

*The length of repayment and number of installments may vary depending on the date of the loan.

Summer term tuition loans will be repaid in two installments (see Example 3). Students not attending on-campus regular credit courses are not eligible to participate, and off-campus housing cannot be included in eligible charges.

 


 
Example 1:
If tuition and fees total $3,444.00 (approximate cost for a full-time in state student), payments could be paid as follows (assuming interest at 12% APR):

30 day payment          882.05
60 day payment          882.05
90 day payment          882.05
120 day payment        882.05
Interest charges total approximately $84.17

Example 2:
To use the plan for full-time in-state tuition and fees plus University student housing and meals, approximate total cost of $6,994.00 could be paid:

30 day payment          1791.24
60 day payment          1791.24
90 day payment          1791.24
120 day payment        1791.24
Interest charges total approximately $170.94

Example 3:
To use the plan for summer term tuition and fees approximate costs of $3,444.00 could be paid:

30 day payment          1747.87
60 day payment          1747.87
Interest charges total approximately $51.75

Spring Semester 2018
The USA Federal Credit Union offers a low cost plan for financing 100% of tuition, fees, housing, and meals with equal payments over four months. A book allowance of $750 is also offered. Students should see a Credit Union Representative by published deadlines to secure their schedule. For more information please call (251) 706-0255 or see USA Credit Union Deferred Payment Plan for details. Participation for Spring 2018 will end January 4, 2018.

To qualify for this plan, a student must meet the Credit Union eligibility requirements. The student could then obtain a special short-term tuition loan, which would be repaid over the next four months.

Interest is anticipated to be 12% Annual Percentage Rate (APR), although this rate is subject to change. In order to qualify for this tuition loan, a student must join the USA Federal Credit Union by depositing $25 into a share account. This amount will be returned to the student when the student no longer wishes to belong to the Credit Union.

How to participate:

  • First, register for classes, so that your actual charges will show on your student account.
  • Pick up a statement of charges and a loan application (an application may also be obtained directly from the USA Federal Credit Union). The application may be taken to the USA Federal Credit Union, located at 103 Hillcrest Road. Your driver's license or similar official picture identification will be needed.
  • If you will be living in University housing and want to use this plan for payment of housing and meals, you will need to notify the Housing Office that you intend to use the USA Tuition Payment Plan to cover the balance.


                     DOWNLOAD YOUR LOAN APPLICATION NOW

 

 

 

  

 

When obtaining your statement from the Office of Student Accounting to certify charges for the USA Federal Credit Union, make sure housing charges are shown on the statement.

You may want to apply early and request pre-approval on your loan using estimated tuition charges since your loan will need to be finalized with the USA Federal Credit Union before checking into your room.

*The length of repayment and number of installments may vary depending on the date of the loan.

Summer term tuition loans will be repaid in two installments (see Example 3). Students not attending on-campus regular credit courses are not eligible to participate, and off-campus housing cannot be included in eligible charges.