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Smith College offers a Monthly Payment Plan
through TuitionPay. This plan is not a loan and there is no interest. The Plan offers
you the option of spreading your payments over 10, 9, or 8 months. There is an annual
enrollment fee of $50.
Credit balances due to Payment Plans are refunded directly to the student at the end of the academic year. Refunds may be made to third parties (i.e.: parents, TuitionPay plan holders) upon request by the student. Please use the Refund Request Form to request a third party refund. You may also reduce your TuitionPay plan prior to completion if you note that there is a credit balance on your account. Please contact Student Financial Services if you have questions.
TuitionPay
Web Site
Many families use parent loans to help finance
the cost of a Smith Education. We encourage you to do your own research into finding
the best loan for your family. Please read the information on our PLUS Loan page
by clicking on the link below.
PLUS
(Federal Parent Loan to Undergraduates)
Important news for 2009-2010: Smith will be entering the Direct PLUS Loan program. Find more information by clicking on the link above.
MEFA
- Massachusetts Educational Financing Authority
MEFA Loans are now available. Please see the MEFA website for up to date information on their current loan
programs.
Alternative
Student Loans are educational loans in the student's name, offered through
private lenders. (Please note: It is highly recommended that you speak with
a financial aid counselor before taking out an alternative student loan. Please
contact our office to make an appointment, or come in during our published drop-in
hours.)
The Prepaid Stabilization Plan (PSP) allows you to prepay a student's remaining semesters of tuition or tuition and room and board at the current rates, saving you the annual rate increases. The student must have a minimum of four semesters remaining at Smith to take advantage of the PSP. Financial aid recipients are not eligible for the PSP. If you do not have sufficient funds to take advantage of the PSP, you may apply for a MEFA loan to finance the plan. You do not have to be a Massachusetts resident to qualify for the plan.
Independent students are eligible to borrow
additional Federal Unsubsidized Loans to cover qualified educational expenses. The
maximum amount of Federal Unsubsidized Loan per year is $6,000 for first and second
year students, and $7,000 for third and fourth year students. (Your year is determined
by the number of credits you have remaining to graduate.) This maximum amount includes
any amount you may have been already awarded.
Complete this Ada
Budget Sheet and submit to SFS to apply.
Smith College offers a Monthly Payment Plan
through TuitionPay. This Plan is not a loan and there is no interest. The plan offers
you the option of spreading your payments over 10, 9, or 8 months. There is an annual
enrollment fee of $50. Please sign up through the TuitionPay
Web Site.
Alternative Student Loans are educational loans in the student's name, offered through private lenders. (Please note: It is highly recommended that you speak with a financial aid counselor before taking out an alternative student loan. Please contact our office to make an appointment, or come in during our published drop-in hours.)
MEFA
- Massachusetts Educational Financing Authority
Please see the MEFA website for up to date information
on their current loan programs.
Edupass - Financial
Aid for International Students
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