Tuition Payment Plan

For an annual fee of $60, the University offers an interest-free ten-month installment payment plan through the University's current vendor, Tuition Management Systems. Student Financial Services recommends that families enroll in a payment plan only for outstanding charges by the enrollment deadline date in mid-July. Any excess credits are not refunded until the end of each semester. Questions about the plan may be referred to Student Accounts at (434) 982-6000 or go to the Tuition Management Systems web site.

Private Loan Programs

Many private lending institutions offer credit-based loan programs to parents of dependent students, or to dependent students with a creditworthy cosigner. Families should carefully consider the interest rates, loan fees, and terms of the program before making a selection.

Student Financial Services can assist families in understanding basic terms of various programs and how the process works, and can identify private programs most often used by other families. However, the office does not make any recommendations; families must make their own decisions based on their financial situation and personal needs.

Emergency Loans

University Lee Emergency Loans
Under the terms of the Lee Emergency Loan, students enrolled in any of the University schools may receive up to two Lee Loans of $500 each for the academic year. These are interest-free loans. Lee Loans are generally not available during the Summer Session. Students must apply in person at Student Financial Services.

University Brewer Loans
Under the terms of the Brewer Loan, students enrolled in any of the University schools may borrow up to 33% of their current ledger one charges (tuition, fees, room, and board). Brewer Loans are interest-free and available during final registration week of each semester. The loan is applied directly to the student's account and must be repaid by the end of each semester. Students may not receive a Brewer Loan to pay off a prior Brewer Loan, and they are not available during the Summer Sessions. Students must apply in person to Student Financial Services for a Brewer Loan.