Payment Plan - Undergraduate, Day Students

As a convenience, High Point University is offering the option to make tuition payments on a monthly basis through the College Foundation of North Carolina.  This is an interest-free alternative to lump-sum payments each semester.  This annual plan offers 10 monthly installments beginning June 1.  There is a low $65 application fee.  The last day to enroll in the annual plan is July 17, 2009.

Click here for enrollment information.



PRIVATE STUDENT LOANS

If your financial assistance package does not cover your expenses, you have the option of applying for an alternative private (nonfederal) student loan. Some private lenders offer credit-based loan programs to creditworthy students and/or students with creditworthy cosigners.  Interest rates, loan fees and other specifics of such loans should be carefully evaluated.

The Office of Student Financial Planning will assist families in understanding and pursuing this lending avenue but cannot be responsible for the actual application. Below are several common private lending options utilized by High Point University students and families. Utilize the link provided to find out specific information and complete an on-line application if interested.

College Foundation Inc. EXTRA Loan

National Education Alternative Loans

NELLIE MAE Alternative Loans

Wells Fargo Alternative Loans

NELNET Alternative Loans

PLEASE NOTE:   There have been many changes in the private alternative student loan industry in the past few months.  Information is subject to change.

SPECIAL INFORMATION CONCERNING DIRECT-TO-CONSUMER ALTERNATIVE STUDENT LOANS:

In recent times, loans known as "direct-to-consumer" alternative student loans have increased in popularity.  These loans are not certified by the school and the funds are disbursed directly to the borrower.  Because these loans carry extremely high interest rates and often have unfavorable repayment terms, High Point University does NOT recommend that students pursue direct-to-consumer loans.  Because direct-to-consumer loans must be counted as financial assistance resources when figuring awards, they may reduce students' eligibility for other more favorable types of assistance.  Students and parents should ALWAYS pursue Federal loans first; if additional funding is needed, students should consider private alternative loans from the list above before pursuing any other resources.  High Point University cannot allow direct-to-consumer loans to be counted as pending financial assistance for billing purposes since the funds do not come directly to the school.  If students do decide to pursue direct-to-consumer loans, they should be careful to understand all of the terms and conditions before proceeding.  If students decide to use such loans, they must apply for these loans in enough time for them to use the funds to pay the High Point University charges by the due date. 

EXAMPLE:   The High Point University Fall 2008 bill is due July 1.  Jane Doe decides to apply for a direct-to-consumer loan to cover her charges.  It will take approximately eight weeks between the time she initiates the loan and the time the funds will reach Jane by mail.  Jane should apply no later than May 1 to be able to pay HPU when the bill is due.