Reapplication
You must reapply for funding each award year. Plan so you can complete the reapplication process at least 60 days before your academic year ends. If you do not meet the deadlines, you will no longer qualify for a financial aid deferment and will be required to comply with the terms and conditions of the Cash Plan.
Deferred Payment
You may defer payment if at least 50% of your annual tuition is funded through federal financial aid benefits and you have:
- Completed online loan counseling
- Submitted all federal financial aid required paperwork and related documentation
- Completed the Admissions Application
- Submitted all materials requested by your finance advisor or the University of Phoenix Financial Aid Processing Center
- Received an eligible Institutional Student Information Report (ISIR) from the U.S. Department of Education (ED)
- Paid all applicable fees
Terms and Conditions
It is not possible to cover every situation here. However, please note that additional information is available and we recommend that you consider the following:
- You must attend continuously; with no attendance breaks greater than 29 days to retain disbursed federal financial aid funds. If you require more than 29 days, please contact your University campus advisor to request a leave of absence (LOA).
- University of Phoenix degree programs are not all eligible for federal financial aid. Please check with your University campus advisor.
Review the Consumer Information Guide
If the University determines you are not eligible for federal financial aid and/or you do not provide all requested documentation to the University, you will be immediately responsible for any outstanding balance and required to comply with the terms and conditions of the Cash Plan.
The Cash Plan requires all tuition and applicable fees be paid prior to each course start date. Tuition and electronic course material fees can be automatically charged to your credit card based on the timelines set by your local campus.
Students who do not comply with their Primary Financial Option term may not be allowed to attend classes. A student’s eligibility to start or continue to attend classes is at the discretion of the University. A student may be administratively withdrawn for failure to make payment in a timely manner, preventing the student from attending future class sessions, until the amount owed is paid in full or satisfactory payment arrangements are made.
If you choose the cash plan, it is your responsibility to pay for each course prior to the start date. Invoices are not sent prior to the start of each course. Contact your University campus advisor for additional information.
