USA CREDIT UNION TUITION PAYMENT PLAN

The University of 南 Alabama Federal Credit Union is offering USA students an easier way to pay tuition and fees, housing, and meal plans in equal monthly installments* during the semester, subject to credit approval.

The USA Federal Credit Union Tuition Payment Plan is a low cost plan for financing 100% of tuition, fees, housing, and meals with equal payments over the term of the semester. A book allowance up to $750 is also offered. The Annual Percentage Rate is 12% (APR), and subject to change. In order to qualify for the tuition loan, a student must meet the Credit Union's eligibility requirements and 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. To secure a tuition loan for the semester's fees, students should see a Credit Union Representative by the University of 南 Alabama's balance due date. For more information, please call (251) 706-0255.

How to Participate:

Register for classes, so that your actual charges will show on your Personal Web Access Web System (爪子) student account.
Print a copy of the account detail for term from your 爪子 account 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 or faxed to (251) 706-0299. Your driver's license or similar government issued picture identification will be 需要.
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 住房 Office that you intend to 使用 USA Tuition Payment Plan and have the charges added to your student account.

Download Student Application Now (PDF)

Download Guarantor Application Now (PDF)

* The length of repayment and number of installments may vary depending on the date of the loan. 学生必须 come into the credit union office on Hillcrest Road to close the loan. 校外 housing cannot be included in eligible charges.

When obtaining your 爪子 statement to certify charges for the USA Federal Credit Union, 确保 housing and meal plan 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.

Summer term tuition loans will be repaid in two installments (see Example 3).

Tuition Plan Example Calculations:

例1:

If tuition and fees total $3,180.00 (approximate cost for a full-time in state student), payments could be paid as follows (assuming interest at a 12% APR):

30 day payment - $816.03
60 day payment - $816.03
90 day payment - $816.03
120 day payment - $816.01

(Interest charges total approximately $84.10)

Examples are based on current tuition and fees for in-state students taking an average course load and are subject to change. Actual tuition and fees will vary depending on course load and student status; please refer to the current Class Schedule or Bulletin for more complete information.

▼ 示例2:

To 使用 plan for full-time in state tuition and fees plus University student housing and meals, approximately total cost of $6,440.00可以 be paid as follows (assuming interest at 12% APR):

30 day payment - $1,652.58
60 day payment - $1,652.58
90 day payment - $1,652.58
120 day payment - $1,652.57

(Interest charges total approximately $170.31)
Examples are based on current tuition and fees for in-state students taking an average course load and are subject to change. Actual tuition and fees will vary depending on course load and student status; please refer to the current Class Schedule or Bulletin for more complete information.

▼ Example 3:

To 使用 plan for summer tuition and fees, approximate costs of $3,180.00可以支付:

30 day payment - $1,615.93
60 day payment - $1,615.92

(Interest charges total approximately $51.85)