1. Financing a Brandeis Education What does it cost? When is it due? How can we pay?

2. 2014-2015 Direct Charges Tuition $ 46,022 Fees 1,811 Double Room 7,492 10 Meal/Points 5,700 Total$ 61,025

3. Net Cost Calculation Subtract Grants, Scholarships, and net of Loans from Total Cost $61,025 Total Cost - 29,475 Aid $31,550 Net Cost

4. Semester Billing Dates Fall semester bills mailed early July with payment due on August 8th Spring semester bills mailed mid- November with payment due on January 2nd

5. Payment Options Directly by Check or Money Order Western Union Wire Transfers On-Line Payment Gateway by Credit Card or Direct Withdrawal from Checking/Savings 10-Month Payment Plan Tuition Stabilization Plan (TSP) Loans: Home Equity or Mortgage Loan Supplemental Education Loans for Parents Supplemental Education Loans for Students

6. Parent Federal Direct Loan for Undergraduate Students (Direct PLUS) 6.41% fixed interest rate 4.288% origination fee deducted from amount borrowed Cost of attendance minus financial aid Repayment options: Deferred, standard (up to 10 year), graduated (up to 10 year), or extended (up to 25 year) Consolidation

7. MEFA Loan for Parents Fixed interest rates of 5.99/7.24% on immediate repayment 10 year term, 6.29/7.29% on immediate 15 year term, 7.09/8.09% on interest only repayment during in-school period 15 year term, 7.59% on deferred repayment during in-school period 15 year repayment term 4.0% origination fee added to amount borrowed Cost of attendance minus financial aid Lower interest rates on immediate and interest-only loans apply during in-school period only, interest-only repayment ends after anticipated graduation date, deferred repayment ends after the student graduates, leaves the program, or is enrolled for less than half-time statu s

8. Student Federal Direct Unsubsidized Stafford Loan 3.86% fixed interest 1.072% origination fee deducted from amount borrowed $5,500 1 st year, $6,500 2 nd year, $7,500 3 rd year and beyond (minus any subsidized loan) Additional $4,000 1 st and 2 nd year, $5,000 3 rd and beyond with PLUS denial Deferred repayment until six months after graduation Repayment Options: Standard (10 year), graduated (10 year), extended (25 year), income-based repayment, pay as you go, or income contingent Interest accrues during deferment period Consolidation

9. Private Loans for Students: Variable interest rates based on credit rating and co- signer presence Cost of attendance minus financial aid Six plus years of repayment starting six months after graduation Origination/disbursement fees vary Co-signer usually required with possible release Payment of interest may be required during deferment period Interest rate reduction incentives vary based on direct withdrawal payment and years of on-time payments.

10. Combinations to Pay $31,550 Net Cost Payment Plan and PLUS Loan (Immediate Standard 10 Year Repayment) $10,000 Payment Plan = $1,000.00 Monthly $21,550 PLUS = $244 Monthly $1,000 Payment for Seven Months, $1,244, Payment for Three Months, $244 for Two Months for First Year

11. Combinations to Pay $31,550 Net Cost Payment Plan and MEFA Loan (Immediate 10 Year Repayment) $10,000 Payment Plan = $1,000.00 Monthly $21,550 MEFA Loan = $251.60 Monthly $1,000 Payment for Seven Months, $1,251.60 Payment for Three Months, $251.60 for Two Months for First Year

12. Combinations to Pay $31,550 Net Cost PLUS (Standard 10 Year Repayment) and Private Student Loan (Deferred Repayment) $21,550 PLUS = $244 Monthly $10,000 Private Student Loan = Payment of Interest Only During Deferral Period Interest on Private Student Loan only for Seven Months, Interest and $244 Monthly Payment During Deferral Period

13. Multi-Year Repayments $10,000 PLUS Borrowed per Year for Four Years - Standard 10 Year Repayment Year 1 - $113 Monthly Year 2 - $226 Monthly Year 3 - $339 Monthly Year 4 - $452 Monthly for 7 years, $339 for 1 year, $226 for 1 year, $113 for 1 year.

14. On-Line Help GO.BRANDEIS.EDU/FINANCINGGO.BRANDEIS.EDU/FINANCING for: - Payment Plan - Education Loans - Tuition Stabilization Plan (TSP) - Customize a Solution (click BorrowSmart under Education Loan Programs) - Other links