Monthly Payment Policy

Although Loyola has no monthly payment plan of its own, students may subscribe to one of two plans offered by outside companies.

TuitionPay from Sallie Mae and Tuition Management Systems, Inc. offer families several monthly payment options to help make education expenses more affordable.  The Interest-Free Monthly Payment Option enables families to spread all or part of the annual tuition, fees, residence hall charges, and board plans over equal, monthly payments.  There are no interest charges, only a small annual fee.  This plan includes life insurance protection covering the unpaid balance at no additional cost.  Low-interest Monthly Payment Options, including an unsecured loan and a home equity credit line are also available.  Please contact the office of Student Finance at 504-865-3337 or contact the companies direct at the addresses below:

TuitionPay from Sallie Mae
P O Box 813
Swansea, MA  02777-0991
1-800-635-0120

web site:  www.tuitionpay.com

Tuition Management Systems, Inc.
P O Box 842722
Boston, MA  02284-2722
1-800-722-4867

web site:  www.afford.com

 

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