Deferred Payment Loan Program

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    To assist students in meeting their financial obligation to the College, a Deferred Payment Loan Program for the fall term 2008 tuition and fees will be offered.

    To qualify, a student must:

    1. Be registered for MORE THAN 3 CREDITS in the term.*
    2. Complete a Deferred Payment Loan Agreement. This agreement must be completed in person at the Business Office on either campus.
    3. Pay a non-refundable $25 New Student fee when registering, if applicable.
    4. Pay a $35 non-refundable Deferred Payment Loan fee upon completion of the application for the Deferred Payment Loan Agreement.

    The percentage of the amount of tuition and fees due and due date will be based on the following schedule.

    Payments must be received in the Business Office by the due dates referenced.
    Date of
    Registration    		 Amount of Tuition and
    Fees Due at Time of Registration    		 Total Amount of Tuition
    and Fees Due by Due Date    		 Due
    Date
    7/01 - 7/14 $25 new student fee, if applicable
    $35 Deferred Payment Loan Fee    		 25% 7/15/08
    7/15 - 8/14 25% of tuition and fees
    $25 new student fee, if applicable
    $35 Deferred Payment Loan Fee    		 50% 8/15/08
    8/15 - 9/14 50% of tuition and fees and
    $25 new student fee, if applicable
    $35 Deferred Payment Loan Fee    		 75% 9/15/08
    9/15 - 10/14 75% of tuition and fees and
    $25 new student fee, if applicable
    $35 Deferred Payment Loan Fee    		 100% 10/15/08

    • Registered students must apply for the deferred payment loan program or pay in full by the semester final payment date to avoid having their classes canceled for non-payment.

    • Student registration will be canceled for failure to make the first or second program payments (a check returned unpaid from the payer's bank will be considered non-payment). A $15 late fee will be assessed except for the final payment where a $50 late fee will be assessed with student registration continuing and the student obligated to pay any balance due.

    • The Deferred Payment Loan Agreement amount will remain in effect regardless of changes in registration. Any amount owed above the agreement amount will be due immediately unless another loan agreement is initiated for an additional $35 non-refundable Student Loan fee. If a student's obligation decreases below the agreement amount, payments are due as scheduled until the obligation is satisfied. Payments of tuition and fees made in excess of a student's obligation will be refunded after three weeks.

     * The Deferred Payment Loan Program is only available for regular fall and spring semesters.

    NOTE: The information on this document is correct to date of publication and is subject to change. Please call (215) 641-6540 with any questions.

    Revised - 6/13/07, 5/8/06