Financing Options

The loan programs described below allow credit-worthy parents of dependent students to borrow up to the entire cost of college, less any awarded financial aid. Because the loans are not based on need, the family is not required to apply for financial aid. However, the student and applicant must meet eligibility requirements outlined in the application materials. Unlike student loans, repayment on parent loans begins after the second disbursement of the loan funds. Loan funds will be credited to the student's tuition account no earlier than ten days prior to the start of the semester.

• Alternative Loan Programs
• Alternative Financing Guide 2023-2024

Federal Direct PLUS Loan

The Federal Direct Parent Loan for Undergraduate Students (PLUS) allows parents to borrow on behalf of their dependent students. Eligibility for this loan is not based on financial need but does require a credit check. Parents may borrow up to the cost of attendance minus any financial aid. The loan has a fixed interest rate of 7.08% (this rate resets annually on July 1). There is a maximum repayment period of 10 years, with a minimum monthly payment of $50. Fees for this loan are 4.236% which is subtracted from the requested loan amount prior to disbursement of the funds to the College. Note: In the case that a parent is not approved for a Federal Direct Parent PLUS Loan, the student may be eligible for an additional Federal Direct Unsubsidized Stafford Loan.

Before Federal Direct Parent PLUS loan proceeds can be credited to a student's tuition account, the Office of Student Financial Services must receive confirmation from the Department of Education that the applicant has successfully completed a Federal Direct Parent PLUS Loan Master Promissory note and passed a credit check.

IMPORTANT NOTE: The student and parent(s) with whom the student resides must file a FAFSA in order to apply for this loan.

If you are a dependent student and your parent is denied the Federal Direct Parent PLUS Loan, you are eligible to receive additional Federal Direct Unsubsidized Stafford Loan funds. The College will notify you of your eligibility for the additional funds once we verify a parent's ineligibility for the Federal Direct PLUS Loan.

Effective February 14, 2010, lenders of private education loans are required to collect a completed and signed Self Certification Form from the student prior to disbursing the loan proceeds to the College. To assist you in completing the information necessary for SECTION 2: COST OF ATTENDANCE AND ESTIMATED FINANCIAL ASSISTANCE of the form, you can login to your myCurry account to view individual information. Private education loans include all Alternative Loan, as well as the Massachusetts No Interest Loans programs. Individual lending institutions may have their own procedures to comply with this regulation, so you should contact your lender directly if you have specific questions about the process for submitting this form.

Important Note:  Your loan funds cannot be paid to the College to settle your student account balance if you do not submit the completed and signed Self Certification Form to your lender.

The Higher Education Opportunity Act (HEOA) enacted August 2008 amended the Truth-in-Lending Act (TILA) establishing private education loan disclosure requirements about loan terms on or with the loan application and lenders must also disclose information about lower cost alternatives like federal student loans. Additionally, once the loan is approved and finalized for disbursement, additional disclosures must be provided. These regulations were passed to ensure that borrowers of private education loans have the necessary information to make informed choices about financing products to fund educational costs. These regulations apply to all private education loans but not to loans under the Federal Title IV Loan Programs (Stafford, Perkins and PLUS). We are providing a model Private Lender Agreement (PLA) Form as an example of what your lending institution is required to share with you upon borrowing an educational loan.

Model PLA Agreement Form

We encourage you to start early in the planning your educational financing so you do not experience delays in receiving your education loan proceeds. Under these amendments, you, the borrower will have additional responsibilities as a loan borrower including acknowledgement of the disclosure statements and completion of the Self-Certification Form. We encourage you to check with your lender to ensure you complete all necessary paperwork. Also, we invite you to contact the Student Financial Services Office if you have any questions about these requirements.

You may set up an interest-free payment plan for each semester over 5 or 4 months. The cost is $40.00 to enroll for the year. To establish the payment plan, log onto curry.myonplanu.com. We strongly urge you to set the payment plan up for the full year. You will receive a reminder to review your spring budget and make any necessary adjustments before the enrollment fee is debited.

Payments

Curry College partners with Flywire to process checking and savings transactions and to accept credit/debit card payments online. Flywire accepts American Express, Discover, MasterCard and VISA cards. Please log into your curry.myonplanu.com to make a payment.

If you prefer to pay Curry directly by personal check, money order or traveler’s check, please make checks payable to Curry College. Be sure to include your students name and student ID on the check and mail to:

Curry College
Attn: Office of Student Accounts
1071 Blue Hill Ave.
Milton, MA 02186

We are available to assist you during our business hours M-F, 8:30 a.m. - 4:30 p.m. You can call us at 617-333-2354 or studentaccounts@curry.edu.