Payment Plans & Financing Options

  • Payment Plans

    School of Liberal Arts and SciencesDean College has contracted with the company Tuition Management Systems (TMS) to provide students and parents with an interest-free payment plan option. TMS allows students to pay for the cost of a school year (excluding health insurance) over two five-month periods as opposed to making payment in full at the start of each semester. Please know that there is a per-term fee of $40 to sign up with TMS.

    For the fall semester, students must sign up for TMS no later than June. For the spring semester, students must sign up by November. If you do not sign up prior to these deadlines, you may owe one or more up-front payments at the time of signing up for TMS. The payment plan is not available for the summer semester. Sign up for TMS by visiting www.dean.afford.com or call TMS directly at 800-722.4867.

    Education Loans

    If your financial aid package and family resources are not enough to cover your costs of attending Dean College, education loans may be a viable option to supplement your resources. Both the federal government and a number of private lenders provide supplemental loans. It is the lenders who establish eligibility criteria which will include a review of the borrower’s credit score.

    Students and parents may borrow private loans to cover their entire cost of attendance (less any other aid received). A student's cost of attendance includes tuition and fees, as well as living and personal expenses. Once you have determined the cost of attendance, subtract any aid the student will be receiving including all federal, state, private, and institutional grants and scholarships. The amount left over is the maximum that you can borrow for an academic year.

    Parent Loans

    Parents of dependent students (as determined by the FAFSA) may apply to the PLUS program—the Parent Loan for Undergraduate students. Eligibility for this loan is not based on financial need but does require a credit check. Parents may borrow up to the cost of attendance minus any financial aid. The Plus Loan currently has a fixed interest rate of 6.31%. There is a maximum repayment period of 10 years, with a minimum monthly payment of $50. An origination fee of 4.272% is subtracted from the requested loan amount. In the case that a parent is not approved for a PLUS loan, the student may be eligible for an additional Unsubsidized Stafford Loan. Apply for a Plus Loan at www.studentloans.gov.

    Private Student Loans

    Banks and lenders may be able to offer students who need financing beyond what is available through the federal loan programs. For more information about private student loans please visit ELMSelect.

    While we are pleased to offer you this list of reputable lenders and the loans offered by such, you are not limited to this list. Dean College will process a student loan from any lender and it is your right to apply for loans through the lender of your choice. Dean College doesn't recommend any one specific lender. It is your responsibility as the loan borrower to compare loan options available to you and determine which loan will best fit both your short-term and long-term financial needs.

    You may contact the Center for Student Financial Planning and Services, located on the first floor of Dean Hall, for more information. You may also reach the Center by calling 508-541-1518 or emailing sfp@dean.edu.

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  • Financial Assistance

    Every year, Dean College awards more than $20 million in scholarships and grants to help students benefit from the Dean Difference! Details »