Student Accounts' Deferral
If you are unable to pay your entire balance by the due date on your bill, we offer a Student Accounts' Deferral to creditworthy students. Pay half of your balance due (after deducting any Financial Aid) by your billing due date and stop by Student Accounts to sign a promissory note for the remaining balance that will be due approximately six weeks into the fall or spring semester. Your financial obligations will not be met until the promissory note is signed in Student Accounts. Interest on this deferral accrues from the due date on your bill and is calculated at 1% per month. The balance on the promissory note does need to be paid by the due date to avoid a $250 late payment penalty.
Students are able to defer one half of their balance three weeks into the summer session. No interest is charged on summer deferrals. However, the balance does need to be paid by the due date to avoid a $250 late payment penalty.
Employer Sponsored Tuition Plan (ESTP)
Eligible students are now able to defer tuition payment until the end of the semester based on their employer's planned tuition reimbursement. If you can't print the following application for payment deferment , you can pick one up from either Student Accounts, the Office of Continuing and Professional Education or Graduate Student Services. This form needs to be filled out by both the student and employer and submitted to Student Accounts, along with any charges that are not covered by the employer, by the billing due date. Students who have not satisfied their billing obligations by the semester billing due date are in jeopardy of being assessed a $250 late payment fee. A separate $250 late fee will be assessed if full payment is not received by the due dates indicated on the ESTP deferral. It is also the students responsibility to provide Nazareth College with a copy of their employer's tuition reimbursement policy on company letterhead each semester.
TuitionPay from Sallie Mae and Tuition Management Systems (TMS)
Nazareth is happy to offer two payment plan options for paying your semester or full year tuition expenses interest free in monthly installments. The TuitionPay monthly payment plan offered through Sallie Mae is one option. A second option is with Tuition Management Systems. Each payment plan provider offers a ten or twelve pay payment plan that allows full-time undergraduate students to pay education expenses for the fall and spring semesters interest free over a period of ten or twelve months. There is an annual enrollment fee of $55. To determine the amount of your contract calculate your total expenses (for both fall and spring semesters) less financial aid and any deposits that have already been made. To determine your monthly payment, divide your contract amount by ten or twelve. Your first payment will be due May 1 or July 1. The deadline for enrollment is the first day of the fall semester. Depending on when you enroll you may need to catch up on any monthly payments that have passed.
A second plan is offered to part time undergraduate and both part time and full time graduate students. Students are able to pay one semester's education expenses interest free over a period of four months with an enrollment fee of $35. The deadline for enrollment is the first day of the semester. Neither TuitionPay or TMS is offered as a summer payment option.
For further information about TuitionPay please call Sallie Mae at 1-800-635-0120 or visit their website at http://www.tuitionpay.com. For information about Tuition Management Systems please call 1-800-722-4867 or visit their website: http://www.afford.com
A waiver of graduate and undergraduate tuition is offered to professionals in the field under whose supervision Nazareth student teachers, speech-language pathology clinicians, art therapy clinicians and gerontological nurse practitioner clinicians are placed. The tuition waiver is accepted in lieu of tuition payment. As indicated on the tuition waiver, students may use waivers up to a maximum equivalent of three credit hours per semester. Summer Session I and Summer Session II are considered one semester. A $25 registration fee, a signed promissory note(if you have not received the waiver) and any balance not covered by the tuition waiver are necessary to fulfill your financial obligations. Student Accounts must have the tuition waiver no later than three weeks after the first day of the semester.