Colgate University monthly payment plans -- available to all parents
Monthly payment plans allow parents to make 10 monthly payments (starting in June) toward college bills. There is a small processing fee. Colgate offers plans that are administered by Tuition Management Systems (TMS) and Sallie Mae TuitionPay. For further information call TMS at 800-722-4867 or Sallie Mae TuitionPay at 800-635-0120.
Federal Direct PLUS Loan -- available only to parents who are U.S. citizens or eligible noncitizens
This federal loan enables parents to borrow directly from the Federal Government up to the cost of attendance minus any financial aid. Only one master promissory note is needed throughout the students' enrollment at Colgate. The current interest rate is fixed at 7.9%, and borrowers pay an origination fee of 4%. Repayment begins 60 days after loan disbursement and continues for up to 10 years.
The FAFSA, or Free Application for Federal Student Aid, should first be submitted online. After completing the FAFSA parents may visit studentloans.gov to begin the loan request process. If you have questions about the PLUS Loan, please contact the Office of Financial Aid.
The Tuition Prepayment Plan -- available to all parents
For those parents interested in stabilizing tuition charges during their child’s undergraduate enrollment, Colgate University has developed a prepayment option. The Tuition Prepayment Plan offers parents the opportunity to prepay tuition for two, three, or four years at the current rate of annual tuition set for the first year of participation in the plan, which protects families from probable future increases.
Participation is limited to parents of students who are in full-time attendance and are not receiving Colgate financial aid. (Plan participants may, however, apply for federal aid.) Only tuition charges are included. All other charges for fees, room, meals, etc., are payable as billed.
Specific details of this plan may be obtained by contacting the Office of Student Accounts at 315-228-7421 or by email at email@example.com.
The Tuition Refund Plan -- available to all parents
This plan provides refunds of tuition in the event of withdrawal due to medical or emotional reasons, in accordance with the terms set forth by the contract. Information is sent to parents annually by A.W.G. Dewar, Inc., (617-774-1555), the insuring company.
Specific details of this plan may be obtained by contacting the Office of Student Accounts at 315-228-7421 or by e-mail at firstname.lastname@example.org