You may be eligible for a non-federal loan program, as an alternative or addition to federal loan funds. Find out more at http://financialaid.cmich.edu/loans.shtml#ALTL
Students with military experience may be eligible for VA tuition benefits or for tuition assistance. You will need to check with your VA office, or with the education services officer at your military location. Many civilian employers also offer tuition assistance. Check with your company's human resources department to see what is available to you.
Central Michigan University, in cooperation with Sallie Mae/Tuition Pay, offers an option that enables you to pay tuition and/or on-campus housing charges on a monthly basis. By paying monthly through current income and savings, you limit borrowing and keep the overall cost of education down.
Also, because it is not a loan, there are no interest or finance charges. Sallie Mae will collect and monitor your tuition installments on behalf of Central Michigan University and forward payment to the University.
The monthly payment plan is available to all students.
Students can choose 8-, 9-, or 10-month plans.
It's interest-free; the only charge is a $60 annual application fee, which includes Tuition Protection Coverage at no additional cost.
Payment amounts will be computed after financial assistance has been deducted from the total charges.
An Electronic Funds Transfer (EFT) option is available.
A $20 penalty is assessed by Sallie Mae on payments more than 7 days late.
The TuitionPay Plan offers the following benefits at no extra charge:
Personalized counseling to help budget your tuition payments.
Special tools to track payment history and future due dates.
Life insurance coverage that will pay off the remaining Plan balance should the designated bill payer die.
Web site access to account information.
For information about Sallie Mae call Chris Williams, 1-800-950-1144, ext. 3492, or by e-mail at willi1cs@cmich.edu.
To call Sallie Mae directly phone 1-800-635-0120, weekdays 8 a.m. - 10 p.m. EST, and Saturdays 9 a.m. - 3 p.m. EST, or visit the Sallie Mae Web site.
