Southwestern Adventist University

Undergraduate Bulletin 2017-2018 PDF

Plan III - Three-payment Institutional Education Loan (0% interest)

Under this plan, students are required to pay 65% of the semester charges at registration.  Financial aid can be applied to the 65% payment.  The remaining balance will be a zero percent interest loan divided equally over three payments due the 10th of each month, as follows:

Fall Semester  
At Registration Registration payment, minimum of 65% of semester charges
October 10 First payment
November 10 Second payment
December 10 Final payment - balance owed on account
   
Spring Semester  
At Registration Registration payment, minimum of 65% of semester charges
February 10 First payment
March 10 Second payment
April 10 Final payment - balance owed on account

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 institutional 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.

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Southwestern Adventist University