Making Payments
Payment Work Sheet
Payment Options
How Aid Pays
Credit Balances
Educational Tax Benefits

How much do I pay?
Determining a family's financial obligation is an important part of preparing for college. It can sometimes be confusing to figure out how much you will have to pay each quarter. We have developed a worksheet to help you arrive at a good estimate of what your family will need to pay.

*If your Offer of Financial Assistance changes, the amount you will be required to pay each quarter will also change.

To fill out this worksheet, you will need to know several things.

1. Quarterly Costs. Please see tuition costs to determine what your specific tuition and room and board costs will be. These are based on the credits and housing/meal plans you have chosen.
2. Your current Offer of Financial Assistance. Please refer to the offer you received for quarterly amounts of financial aid. You can also view your offer for the year in Banner. If you have not yet received an Offer of Financial Assistance, or do not plan to receive financial aid, you can leave the second section of the worksheet blank.
3. If you are receiving loans, please note that some loans will have fees taken out, and the amount you are borrowing will not be the amount available to pay your account. Please adjust each of the following loan types by the percentage indicated.
   1. Direct Lending Stafford Loans, Subsidized and Unsubsidized: net fee of 0.5%
   2. PLUS loans 2009–10: net fee of 2.5%
   3. Institutional loans: 5%
   4. Alternative loans: varies, refer to your promissory note

Example: A Stafford loan of $4,500 for the full year is $1,500 per quarter. $1,500 x .995 (the net 0.5% adjustment) = $1493.00. Someone borrowing a Stafford of $4,500 should list $1493.00 as the amount received for each quarter.

Payment plan applications.