Financing Options Available at Earlham

The chart below provides information about the loans and payment plans currently available at Earlham. If you have questions about the programs described in the chart, please feel free to contact the appropriate office.

Payment plan name Type Interest Rate* Origination
or
Application Fee		 Payment begins How to Apply How to Get More Information
Full Payment - - - July 31 for Fall semester, December 31 for Spring semester - Contact Student Accounts
at Earlham
765/
983-1333
EC Deferred
Payment Plan**
Payment
Plan		 12% APR or 1% of balance due on last day of each month None July 31 for Fall semester, December 31 for Spring semester Select the Deferred Payment Option on your Earlham semester bill Contact Student Accounts at Earlham
765/
983-1333
Tuition Mangament System (TMS) Payment Plan Interest Free $55 Contact TMS  for Details Contact TMS for Details Contact TMS at 800/722-4867
Federal Direct PLUS Loan
(parents)
Loan from U.S. Dept of Education		 Current Rate at U.S. Dept. of Education Website Origination Fee Set by Federal Government Contact the Federal Direct Loan Servicer Parent completes the PLUS Request online. Contact the Financial Aid Office at Earlham
765/
983-1217
Federal Perkins
Loan
(for students)		 Federal Loan Fixed at 5% None 9 months after student graduates, withdraws or drops to less than half-time Must be included in aid package; complete loan online when instructions are e-mailed Contact the Accounting Office at 765/
983-1333
Federal Direct
(Subsidized) Stafford Loan
(for students)		 Loan from U.S. Dept of Education Current Rate at U.S. Dept. of Education Website Origination Fee Set by Federal Government 6 months after student graduates, withdraws or drops to less than half-time Must be included in aid package; complete Entrance Counseling & MPN before funds can be disbursed. Contact the Financial Aid Office at Earlham
765/
983-1217
Federal Direct
Unsubsidized Stafford Loan
(for students)		 Loan from U.S. Dept of Education Current Rate at U.S. Dept. of Education Website Origination Fee Set by Federal Government Same as Subsidized above; interest accrues while student is in school Must be included in aid package; complete Entrance Counseling & MPN before funds can be disbursed. Contact the Financial Aid Office at Earlham
765/
983-1217
Private Loans
(students)		 Loan for students Varies Varies Varies Current EC Student Lenders Contact the lender of your choice.

*The interest rates and/or repayment options for loans are only accurate as of the day of printing. Contact the lender(s) for the most up to date information.

**Requires one-half of the amount owed for Fall Semester due July 31, with remaining balance in three equal installments due August, September and October. For Spring Semester, one-half of the amount owed due December 31, with the remaining balance in three equal installments due January, February and March.