Payment Plans

Southwestern offers three payment plans for fall and spring semesters to help students manage their university expenses. Classes taken during the summer require full payment at the time of registration for each module.

Plan I - Cash

When the total charges for a semester are paid on registration day, a discount of 3% is given on the cash paid for tuition, room, and board. (Before this discount is calculated, all scholarships, loans, grants, awards, other discounts, and university aid funds are subtracted.) Students using this plan must bring with them at registration time the full amount of the package plan, plus miscellaneous charges such as music lessons and private room fee. A cash discount is not given on post-baccalaureate student, ADP, or other discounted programs. This discount does not apply to payments made by credit or debit card.

Plan II - Five-payment Institutional Education Loan (0% interest)

This loan is a five-payment agreement with the University. The first payment, due in July, is 60% of semester charges, and financial aid can be applied toward this requirement. The remaining balance will be divided equally over four payments due the 10th of each month, as follows:


Fall Semester
July	First payment, minimum of 60% of semester charges
August 10	Second payment
September 10	Third payment
October 10	Fourth payment
November 10	Final payment

Students must go to the University portal in July to choose this payment option at www.swau.edu.


Spring Semester
December	First payment, minimum of 60% of semester charges
January 10	Second payment
February 10	Third payment
March 10	Fourth payment
April 10	Final payment

Students must go to the University portal in December to choose this payment option at www.swau.edu.

Plan III - Four-payment Instutional Education Loan (0% interest)

This loan is a four payment agreement with the University. A minimum of 60% will be paid at the time of registration, with financial aid as a part of that payment. The remaining balance will be divided into three payments due on the 10th of each month, as follows:

Fall Semester
At Registration	First payment, minimum of 60% of semester charges
October 10	Second payment
November 10	Third payment
December 10	Final payment, which is the remaining balance owed.

Spring Semester
At Registration	First payment, minimum of 60% of semester charges
February 10	Second payment
March 10	Third payment
April 10	Final payment, which is the remaining balance owed.

Any additional charges the student incurs during the semester will become a part of the institutional loan for payment plans II and III. These additional charges will be added to the next payment due. All loans are to be paid in full by the end of the semester.

The university is advancing value to students in the form of educational services and a student’s right to register is expressly conditioned upon the student’s agreement to pay the costs of tuition and fees and any additional costs when those charges become due. Regardless of the student’s eligibility for financial aid, the student is personally responsible for the full amount assessed as a result of the student’s registration. In addition, failure to pay the costs of tuition and fees will result in a financial hold on the student’s record which will prevent release of the student’s academic transcript and diploma. The University may refer any past due account for collection and may authorize legal action against the student for the collection of this debt. The student is liable for all reasonable collection costs, including attorney fees, court costs, and other charges necessary for the collection of a past due account.

Wiring Money

Contact the Admissions Office, Business Office, or Student Financial Services for instructions on wiring money to a student's account.