Payment Plan Options
This overview will provide you with general information about payment plans available to help you in reaching your educational goals. Completion of a Promissory Note is required for all options. Please read and complete the Promissory Note upon registration. NLU payment plans are calculated on a term basis.
TERM BY TERM TUITION PAYMENT PLAN
Payment of a term's tuition/fees/room and board and other charges is made by the first day of the term.
DEFERRED TUITION PAYMENT PLAN
There is a $35 per term fee associated with this plan. Tuition/fees/room and board and other charges incurred for the term will be divided into three equal installments requiring a payment of one-third plus $35 by the first day of the term, one-third on the 30th day following the first class, and the final one-third on the 60th day following the first class.
FINANCIAL AID
Financial aid in the form of need and non-need based programs are available to eligible students. Late applicants may be required to remit monthly payments while the financial aid is processed. Financial aid applications must be completed at the time of registration. Any amount not covered by awarded/estimated aid must be paid at the time of registration. Please contact the Student Finance Office for eligibility information.
DIRECT BILLING TO THIRD PARTY
Under this plan, the third party pays the University directly for all or a portion of the tuition and fees. Payment from the third party or information regarding where to bill for the classes must accompany the registration. In addition, any amount not covered by the third party is due by the first day of class.
TUITION REIMBURSEMENT
Under this plan, a student who has a tuition reimbursement plan at work may defer up to 75% of the cost of a term. 25% of a term’s tuition is due by the first day of class. In addition, a copy of the employer’s reimbursement policy as well as the student’s eligibility for the plan must accompany the Promissory Note. There is a $35 handling fee per term in order to participate in this plan.
VETERAN BENEFITS
If you are a Veteran or entitled to Veterans benefits, you should choose this option and provide proof of eligibility to NLU's school certifying offical at VAstudents@nl.edu.
Frequently Asked Questions and Answers
Q. Do I have to sign up for a payment plan each term?
A. No. Once you sign up, your option will remain the same throughout your program.
Q. I wish to change my payment plan. Do I need to complete a new NLU Promissory Note?
A. Yes. You may do so by contacting the Student Finance Office. However, you must do so before the start of the new term.
Q. What will happen if my account is past due?
A. You will be assessed late fees of not more than $15 per month. In addition, all records and future registrations will be blocked.
Q. Do I have to sign up for a payment option if I am covered in full by financial aid?
A. Yes. All students are required to select a payment option.
Q. If I am receiving financial aid (or other funds) that is in excess of tuition/fees, will I receive a refund?
A. Yes. Refunds are processed after all tuition, fees and other charges are paid. Your refund will be processed within 14 days of posting a credit balance.
Q. What if my account is past due for the current term and a new term is beginning?
A. You will not be allowed to register until all of the charges are paid.
Q. What happens if I do not choose a payment option?
A. If no plan is chosen, Term by Term is the default plan which requires payment in full by the first day of the term. You may always select a different plan prior to the next term.
Q. If I select the ‘Direct Billing to Third Party Tuition Plan’, is there anything else I need to do?
A. Yes, you must provide the billing information to Student Finance
Q. Do you accept credit cards and is there a fee?
A. All major credit cards are accepted and there is no fee to pay by credit card.
Q. May I pay over the phone and is there a fee?
A. You may pay over the phone by calling 888.658.8632 x5350. There is no fee to pay over the phone.
