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Alternative Payment Plans / Financing arrangements

Roosevelt University provides a variety of alternative financing arrangements to help you meet the financial obligations of earning an Roosevelt University degree. These arrangements may be used to help meet your Roosevelt University charges, or to cover a balance after traditional financial aid has been applied. In either case, we are here to help. One call, one click, or just a visit away – your Financial Aid Client Services Team is here to help.

Alternative or Private Loans

Alternative, sometimes called private, loans are loans that students and familes may be eligible to receive to help meet the cost of education not met by their personal or other financial aid resources.

These loans are not part of the Federal Fanily Educational Loan Program and eligibility is based on the applicants' credit score. Although many of these loans offer similar benefits as the federal loans (in school deferments, etc.) they can not be consolidated with your other federal loans so you will, if you borrow from the federal loan programs as well, have multiple loan payments when you graduate or enter into repayment.

As is the case with the federal loans, there are numerous lenders and loan programs for you to choose. Choosing a lender is your responsibility and, particulalry with alternative/private loans, we strongly encourage you to research all of the available loans before making your decision. Please keep in mind that, although these loans are not federal loans, they still must be paid back and they will be considered part of your financial aid package.

Please visit our Choosing a Lender Resource Center before you borrow!

ROOSTR

The ROOSTR Tuition Reimbursement Plan allows eligible students to defer their tuition payments up to three weeks after grades are available for the term. To participate in the Tuition Reimbursement Plan, the student’s employer must cover at least 75% of the total cost of tuition. Each term a student must:

  • Submit a copy of his or her employer’s tuition reimbursement policy;
  • Submit a letter from the employer to confirm the student’s reimbursement eligibility and indicated the percentage of tuition covered (listing any applicable restrictions);
  • Pay any portion of the tuition and fees (generally at least $155) not covered by the employee

Roosevelt University Payment Plan

Tuition and fees are payable in full prior to the start of classes. Students may elect to pay their tuition over the course of the semester by using the university’s extended or deferred payment plan. To participate in any Roosevelt University extended or deferred payment contact the Office of Student Accounts at 312-341-3570 in Chicago or 847-619-7974 in Schaumburg.