Education is an investment in yourself, your dreams and your future. It’s also a promise that we’ll help you keep – and you’ll never have to go it alone.

You’ll work directly with representatives from our Finance team from day one. They’ll explain tuition rates and other fees for your program, as well as guide you through every payment option so you can discover what works best for you – keeping you on right financial path toward earning your degree.

Getting started

Before you take your first class (and beyond) we want to make sure that you’re completely informed about the time and financial commitments ahead of you. Check out our walk-through video and learn what it takes to earn your college degree.

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What to expect from University of Phoenix

What to expect from University of Phoenix

Responsible Borrowing

At University of Phoenix we know that each student is unique, and that every student’s financial situation is different. The first, and most important step for every student is creating a financial plan. Having a financial plan allows you to estimate the full cost of tuition and fees for your program. Check out our video on responsible borrowing to learn all about it.

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Responsible Borrowing

Responsible Borrowing

00:00:00 -- Congratulations you've enrolled at the university and now you’re on the path to reaching your goal of completing your program.
00:00:08 -- An important step on the path is creating an educational financial plan.
00:00:12 -- Having a financial plan allows you to estimate and understand the full cost of tuition and fees for your program, as well as your year by year funding.
00:00:22 -- It is important to plan from the beginning by knowing how you will pay for the full program, and what payment options are available.
00:00:30 -- At University of Phoenix we know that each student is unique, and we know that every student’s financial situation is different.
00:00:37 -- Each student will be responsible for paying tuition, and that’s why it’s important to know the funding options are often available, and that’s what this short video is about.
00:00:46 -- So what exactly is financial aid, and where does it come from?
00:00:50 -- Financial aid is funding assistance that comes from a source outside of a student’s ways and means, including scholarships, state grants and employer programs.
00:00:59 -- Federal financial assistance comes in the form of either loans or grants.
00:01:04 -- Let us break that down for you.
00:01:06 -- A loan is borrowed money.
00:01:08 -- Loans need to be paid back with interest.
00:01:10 -- The more you borrow, the higher your standard monthly payment will be.
00:01:14 -- This is why we suggest borrowing only as much as you actually need and defined non-loan funds to pay for some or all of your tuition.
00:01:23 -- University of Phoenix participates in the Federal Direct Loan Program, which includes two basic kinds of loans, subsidized and unsubsidized.
00:01:33 -- Subsidized loans are for undergraduate students with demonstrated financial needs.
00:01:38 -- The student pays no interest while either in school or during deferment periods.
00:01:44 -- Unsubsidized loans are not based on financial need.
00:01:48 -- Interest starts to accrue as soon as the loan is disbursed.
00:01:51 -- If you have the ability to reduce your loan requests, start by reducing or eliminating your unsubsidized loans.
00:01:58 -- The Direct Loan Program limits what you can borrow each year and in total.
00:02:02 -- The total lifetime loan limit for undergraduate students is $57,500.00, and if you have previous student loans, it is important you plan on how you can complete your program before hitting that limit.
00:02:16 -- Typically, you must begin repayment on student loans when you successfully complete your degree program, or if you withdraw from the university.
00:02:24 -- Some loans also provide a grace period between the completion of your program or withdrawal before repayment begins.
00:02:32 -- Payments are not required while you’re enrolled at least half time, but the good news is federal loans can be prepaid.
00:02:38 -- If you’re able to make payments of interest or principal while in school, your future standard monthly payment will be lowered.
00:02:46 -- Financial aid also comes in the form of grants.
00:02:50 -- Generally speaking, students are not required to repay their grants.
00:02:54 -- Anyone can apply for a grant, but not all are eligible.
00:02:58 -- Once your application is complete, processing typically takes six to eight weeks before your funds are awarded.
00:03:04 -- Remember that a lack of attendance or failure to start a course as scheduled may delay, cancel or interrupt funding altogether.
00:03:12 -- Review your financial plan or contact your finance advisor with any questions.
00:03:16 -- We recommend that you borrow wisely.
00:03:19 -- This means assessing your educational expenses and other requirements, so you borrow only what you actually need.
00:03:26 -- The less you borrow, the lower your standard monthly payment.
00:03:30 -- Thanks for watching.
00:03:32 -- We wish you every success as you pursue your educational opportunities at University of Phoenix.

Making the right decisions

To make your education truly pay off, you need to make the right financial decisions. If you’re using federal student loans to pay for tuition, your goal should be to borrow only what you need. These simple guidelines will help you borrow responsibly and keep your payments low.

  1. Make a budget. Review the total cost of your education – including your living expenses.
  2. Explore resources you don’t have to pay back. Does your employer offer tuition benefits? Will you search and apply for grants and scholarships?
  3. Consider using your own money. Can you use any savings or investments? Could you pay from your current income?

PRO TIP: Create and maintain your financial plan for paying for college with the tuition and fees calculator. Planning now, and managing your plan in the future, could help you stay on top of your educational expenses.


Options for Payment

An education takes dedication and time, as well as some form of financial commitment. Check out the sections below for options on paying for your education. Don’t hesitate to contact a Finance Advisor with any questions you might have.



PRO TIP: Private student loans should only be considered after all other finance options have been exhausted. Check out for a deeper understanding of how private student loans work.

Reducing the Cost

From scholarships and grants, to past experience and transfer credits, you have options for reducing the cost of earning your degree. Not everyone will be eligible for these options. Please contact a Finance Advisor to see if you qualify, and for any questions you might have.



Transferring Credits


PRO TIP: Looking for scholarships, but don’t know where to start? Try using iGrad’s scholarship search feature. Log in to your student portal and check out the Scholarship section under your Account tab.


Military Students

The University offers military rates for members of the military and their spouses. In fact, our military division is well-versed in the Montgomery GI Bill®, the Post 9/11 GI Bill® and other options like the Yellow Ribbon Program.

Don’t hesitate to contact a Finance Advisor with any questions you might have.

GI Bill is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at

Military and Veteran Educational Benefits

Transfer Military Experience

Military Tuition Assistance


PRO TIP: Loans have to be paid back with interest, and it’s important that you plan for this in your future budget.  A general guideline is that your future standard monthly payment will be about $10 for every $1,000 you borrow.

Financial Policies


PRO TIP: Just because you are eligible for a maximum loan amount doesn’t necessarily mean you should borrow it all. Remember, the more you borrow, the more you have to repay – so borrow only what you need.

Money Management Tips

Check out these helpful and easy-to-read articles on topics ranging from simple money saving methods to keeping track of your spending habits – and you can gain even more financial insight through our partnership with iGrad.