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Office of Student Accounting

USA CREDIT UNION TUITION PAYMENT PLAN


Summer Semester 2014
The USA Federal Credit Union offers a low cost plan for financing 100% of tuition, fees, housing, and meals with equal payments over two months. A book allowance of $350 is also offered. Students should see a Credit Union Representative by May 29, 2014 to secure their schedule. For more information please call (251) 706-0255 or see USA Credit Union Deferred Payment Plan for details. Participation for Summer 2014 will end May 29, 2014.

To qualify for this plan, a student must meet the Credit Union eligibility requirements. The student could then obtain a special short-term tuition loan, which would be repaid over the next four months. 
Interest is anticipated to be 12% Annual Percentage Rate (APR), although this rate is subject to change. In order to qualify for this tuition loan, a student must join the USA Federal Credit Union by depositing $25 into a share account. This amount will be returned to the student when the student no longer wishes to belong to the Credit Union.
How to participate:

First, register for classes, so that your actual charges will show on your student account.

• Pick up a statement of charges and a loan application (an application may also be obtained directly from the USA Federal Credit Union). The application may be taken to the USA Federal Credit Union, located at 103 Hillcrest Road. Your driver's license or similar official picture identification will be needed.
• If you will be living in University housing and want to use this plan for payment of housing and meals, you will need to notify the Housing Office that you intend to use the USA Tuition Payment Plan to cover the balance.

When obtaining your statement from the Office of Student Accounting to certify charges for the USA Federal Credit Union, make sure housing charges are shown on the statement.

You may want to apply early and request pre-approval on your loan using estimated tuition charges since your loan will need to be finalized with the USA Federal Credit Union before checking into your room.

*The length of repayment and number of installments may vary depending on the date of the loan. 

Summer term tuition loans will be repaid in two installments (see Example 3). Students not attending on-campus regular credit courses are not eligible to participate, and off-campus housing cannot be included in eligible charges.  

Fall Semester 2013
The USA Federal Credit Union offers a low cost plan for financing 100% of tuition, fees, housing, and meals with equal payments over four months. A book allowance of $350 is also offered. Students should see a Credit Union Representative by the published deadlines to secure their schedule. For more information please call (251) 706-0255 or see USA Credit Union Deferred Payment Plan for details. Participation for Fall 2013 will end August 22, 2013.
To qualify for this plan, a student must meet the Credit Union eligibility requirements. The student could then obtain a special short-term tuition loan, which would be repaid over the next four months. 
Interest is anticipated to be 12% Annual Percentage Rate (APR), although this rate is subject to change. In order to qualify for this tuition loan, a student must join the USA Federal Credit Union by depositing $25 into a share account. This amount will be returned to the student when the student no longer wishes to belong to the Credit Union.
How to participate:

First, register for classes, so that your actual charges will show on your student account.

• Pick up a statement of charges and a loan application (an application may also be obtained directly from the USA Federal Credit Union). The application may be taken to the USA Federal Credit Union, located at 103 Hillcrest Road. Your driver's license or similar official picture identification will be needed.
• If you will be living in University housing and want to use this plan for payment of housing and meals, you will need to notify the Housing Office that you intend to use the USA Tuition Payment Plan to cover the balance.

DOWNLOAD YOUR LOAN APPLICATION NOW
When obtaining your statement from the Office of Student Accounting to certify charges for the USA Federal Credit Union, make sure all charges are shown on the statement.

You may want to apply early and request pre-approval on your loan using estimated tuition charges since your loan will need to be finalized with the USA Federal Credit Union before checking into your room.

*The length of repayment and number of installments may vary depending on the date of the loan. 

Summer term tuition loans will be repaid in two installments (see Example 3). Students not attending on-campus regular credit courses are not eligible to participate, and off-campus housing cannot be included in eligible charges.

Spring Semester 2014
The USA Federal Credit Union offers a low cost plan for financing 100% of tuition, fees, housing, and meals with equal payments over four months. A book allowance of $350 is also offered. Students should see a Credit Union Representative by the published deadlines to secure their schedule. For more information please call (251) 706-0255 or see USA Credit Union Deferred Payment Plan for details. Participation for Spring 2014 will end January 16, 2014.
To qualify for this plan, a student must meet the Credit Union eligibility requirements. The student could then obtain a special short-term tuition loan, which would be repaid over the next four months. 
Interest is anticipated to be 12% Annual Percentage Rate (APR), although this rate is subject to change. In order to qualify for this tuition loan, a student must join the USA Federal Credit Union by depositing $25 into a share account. This amount will be returned to the student when the student no longer wishes to belong to the Credit Union.
How to participate:

First, register for classes, so that your actual charges will show on your student account.

• Pick up a statement of charges and a loan application (an application may also be obtained directly from the USA Federal Credit Union). The application may be taken to the USA Federal Credit Union, located at 103 Hillcrest Road. Your driver's license or similar official picture identification will be needed.
• If you will be living in University housing and want to use this plan for payment of housing and meals, you will need to notify the Housing Office that you intend to use the USA Tuition Payment Plan to cover the balance.

DOWNLOAD YOUR LOAN APPLICATION NOW
When obtaining your statement from the Office of Student Accounting to certify charges for the USA Federal Credit Union, make sure all charges are shown on the statement.

You may want to apply early and request pre-approval on your loan using estimated tuition charges since your loan will need to be finalized with the USA Federal Credit Union before checking into your room.

*The length of repayment and number of installments may vary depending on the date of the loan. 

Summer term tuition loans will be repaid in two installments (see Example 3). Students not attending on-campus regular credit courses are not eligible to participate, and off-campus housing cannot be included in eligible charges.

DIVISION OF
FINANCIAL AFFAIRS

- Office of Student Accounting
390 ALUMNI CIRCLE RM 1300,  Mobile, AL, 36688
Phone : (251) 460-6195       FAX: (251) 460-7120
Office Hours: Monday - Friday, 8:00 AM - 5:00 PM

For questions or comments Contact Us
Last date changed: November 18, 2013 12:05 PM
http://www.southalabama.edu/studentaccounting/deferredpaymentplans.html
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