You'll be charged $20 for returned checks, as well as a $50 late-tuition fee.If your payment is not received by the due date, you will be assessed a $15 late fee and a hold will be placed on your school records.If you drop a class during the tuition refund period, the amount of credit you receive, if any, will apply to your next Tuition Payment Plan payment.If you add classes after your Tuition Payment Plan is approved, tuition from the classes will be added to your Tuition Payment Plan, and your next monthly payment will increase accordingly.Monthly payments are made by the 10th of each month. ![]() Your first installment must be paid at the time of application.If you're younger than 18, you must apply for Tuition Payment Plan using this Tuition Payment Plan form. There's a $30 application fee per semester. Tuition Payment Plan lets you spread your tuition and fees over four monthly payments for fall and spring semesters, and three payments for the summer semester. For more information, contact 80 during business hours or Loans Tuition Payment Plan.Repayment begins 60 days after disbursement.The interest rate is variable and cannot exceed 9 percent.The award may not exceed Educational Expenses, after deducting other estimated financial aid, such as federal grants.Available to parents of dependent students.For more information, contact 80 during business hours or Loan for Undergraduate Students (PLUS).Borrowers must complete Loan Entrance Counseling and sign a Master Promissory Note (MPN) by logging in at.An additional unsubsidized amount may be available to students and may be requested by completing an Additional Unsubsidized Loan Application and meeting with a Financial Aid Advisor.Unsubsidized loans accrue interest during the loan period, and borrowers may pay the interest while in school, or have it capitalized, which means unpaid interest is added to your loan principal.Subsidized loans do not accrue interest while you're attending at least half time (6 credit hours).The interest rate is variable and determined by the U.S.Maximum time frame allowed for repayment is 10 years but may be longer, depending on available repayment options.Minimum payment is $50 a month and may be higher depending on the total amount borrowed.Repayment begins 6 months after you cease half-time enrollment (6 credit hours).If you've completed 30 hours or more, the annual loan limit is $4,500. ![]() If you've completed less than 30 credit hours, the annual loan limit is $3,500.Available to students who demonstrate financial need.Federal Loans FEDERAL DIRECT Loan (subsidized/unsubsidized) Loans are not available for attending the School of Applied Technology. SLCC administers two federal loan programs and one college loan program. ![]() Student loans can be a valuable part of paying for your education.
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