Making Payments
Payment Work Sheet
Payment Options
How Aid Pays
Credit Balances
Hope Scholarship

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. 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.

a. Stafford Loans, Subsidized and Unsubsidized: some lenders charge up to 2% in fees
b. PLUS loans 2008–09: 4% federal default fee
c. Institutional loans: 5%
d. Alaska Loans: 3%
e. 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 .98 (the 2% adjustment) = $1470. Someone borrowing a Stafford of $4,500 should list $1470 as the amount received for each quarter.

2008–09
Feel free to use the interactive version of the Excel Worksheet (EXL).
(*Only available for those using Microsoft Internet Explorer 5.0 or greater.)

For a printable version of worksheet, click here. (pdf)

For the Combined-Installment Plan application click here. (pdf)

For the Three-Installment Plan application click here. (pdf)

2007–08
Feel free to use the interactive version of the Excel Worksheet (EXL).
(*Only available for those using Microsoft Internet Explorer 5.0 or greater.)

For a printable version of worksheet, click here. (pdf)