University of St Augustine for Health Science
No-Interest Payment Plan (administered through SallieMae)
How it works -
Apply for no-interest tuition payment plan through the website https://tuitionpay.salliemae.com/usa , the amount of the loan can include tuition and fees.
Once your application is completed, (there is a one time $55 application fee) the school will be notified and certify the payment plan option. You will be requested to complete all required documentation, including signature pages. Once the process is completed, the equal monthly payments will begin between the first month of the term to up to six months from the start of the term; depending on the plan confirmed for your situation.
The amount of the monthly payments are calculated by dividing the total loan amount to the number of months amortized that was selected. If you chose a deferred payment plan option, the maximum total number of months the loan amount will be amortized is eight.
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1st payment deferred by # of months
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Loan payment amortization option
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6 months
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Up to 4 months
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4 months
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4 months, 8 months
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0 months
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4 months, 8 months or 12 month
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For a loan size of $10,000, the payment calculation is as follows:
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4 months Amortization
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8 months Amortization
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12 months Amortization
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$2,500.00
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$1,250.00
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$833.3
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Managing tuition payment has never been simpler!
SAVING YOU MONEY in origination fees, and interest charges from other loan options.