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

2. 2013-2014 Direct Charges Tuition $ 44,380 Fees 1,726 Double Room 7,204 10 Meal/Points 5,510 Total$ 58,820

3. Net Cost Calculation Subtract Grants, Scholarships, and net of Loans from Total Cost $58,820 Total Cost - 27,270 Aid $31,550 Net Cost

4. Semester Billing Dates Fall semester bills mailed early July with payment due on August 9th Spring semester bills mailed mid- November with payment due on January 3rd

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) 7.9% fixed interest rate 4% origination fee deducted from amount borrowed Cost of attendance minus financial aid Immediate or deferred repayment 10 year standard or 25 year extended Standard, deferred, extended, graduated repayment, or income based repayment 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 6.8% fixed interest 1% 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 with 10 year standard or 25 year extended Standard, extended, graduated, income contingent, or income based repayment 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 Repayment) $10,000 Payment Plan = $1,000.00 Monthly $21,550 PLUS = $267.23 Monthly $1,000 Payment for Seven Months, $1,267.23, Payment for Three Months, $267.23 for Two Months for First Year

11. Combinations to Pay $31,550 Net Cost Payment Plan and MEFA Loan (Immediate Repayment) $10,000 Payment Plan = $1,000.00 Monthly $21,550 MEFA Loan = $217.11 Monthly $1,000 Payment for Seven Months, $1,217.11 Payment for Three Months, $217.11 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 = $267.23 Monthly $10,000 Private Student Loan = Payment of Interest Only During Deferral Period $267.23 Monthly Payment During Deferral Period

13. Multi-Year Repayments $10,000 PLUS Borrowed per Year for Four Years - Standard 10 Year Repayment Year 1 - $124 Monthly Year 2 - $248 Monthly Year 3 - $372 Monthly Year 4 - $496 Monthly for 7 years, $372 for 1 year, $248 for 1 year, $124 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