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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 a 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.

Private Loans

Private loans may be utilized to help meet the cost of education not met by financial aid or other personal resources.

These loans are not part of the Federal Direct Loan Program and require a separate loan application.  Private loans are also credit based loan applications, so they borrow must showcase eligible credit or seek a co-signer to attach to the loan application.  Private loans do not provide the same benefits as the Federal Loan Programs so you want to ensure that you carefully consider the terms of the loan program before proceeding.

There are numerous private loan lenders from which to choose. Choosing a lender requires careful consideration and a borrower should ensure that they understand all details of the loan program for which they are applying. 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 repaid and they will be taken into consideration as part of your financial aid package.

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 enrolling in the university’s payment plan through  the Office of Student Accounts. To participate in any Roosevelt University payment plans contact the Office of Student Accounts at 312-341-3570 in Chicago or 847-619-7974 in Schaumburg.

 

FATV - What is a Private Loan?