Other Payment Options
Brewer Endowment Deferment Plan
For those students who do not wish to enroll in the monthly payment plan, but who want to defer a portion of their term charges until later in the term, there is the Brewer Deferment Plan. There is no charge for this plan, nor is any interest charged to the student who participates in this plan.
To qualify, a student must be able to meet at least 2/3 of the total term charges (tuition, fees, room, and board) by the payment due date. At that time, the student must come in person to our offices in Carruthers Hall with their student ID card. The student must sign a promissory note for the remaining balance (up to 1/3 of the total term charges), with a due date sometime later in the term. For the Spring 2013 term, the due date will be March 31, 2013.
The 2/3 requirement may be met by any combination of financial aid, scholarships, or cash payments. If a student for the Spring 2013 term has total term charges of $10,272, the student would need to have credits of $6,848 on their account to qualify for the Brewer Deferment ($10,272 ÷ 3 = $3,424; $3,424 X 2 = $6,848). The same student has accepted a Direct Subsidized Loan of $3,500 for the year, and so has anticipated funds of $1,750 for the Spring 2013 term. The student also has accepted their Direct Unsubsidized Loan amount of $2,000 ($1,000 for the Spring 2013 term). This means the student has anticipated credits of $2,732.00 (after loan fees) toward the term charges for Spring 2013. This student would need to pay $4,116 more in order to qualify for the Brewer Deferment Plan.
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
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, once each semester. These are interest-free loans, and students must apply in person at Student Financial Services in Carruthers Hall. Lee Loans are generally not available during the Summer Session.
Payment Plan (for Fall or Spring)
Return here in April to sign up for Fall 2013
The University of Virginia offers a monthly payment plan to help distribute the costs of education over a period of time. You may set up a payment plan, by semester, to pay for Tuition and Fees, as well as Room and Board. Each semester is broken into 5 monthly payments.
All Payment Plan payments must be electronic, either by credit card (with a 2.75% convenience fee), or by e-check from your checking or savings account (no fee is associated with e-check payments). If you choose to use your credit card, we accept MasterCard, American Express or Discover. VISA has chosen not to participate in our program.
The plan is only available for use for the Fall and Spring terms each academic year. It is not available for Summer session or for January term. You must register for the payment plan for each semester for which you wish to take advantage of it.
The cost per semester is $35, and is non-refundable. There is no interest charged on payments made through the payment plan. Please click below for specific instructions for both the student and authorized payers to enroll.