Federal Parent Loan for Undergraduate Students (PLUS)
The PLUS program lets parents pay for a Hendrix education just like you handle other large investments – with monthly installments. Credit-worthy parents may annually borrow up to the student's cost of attendance, minus other forms of assistance (scholarships, grants, loans, work-study, etc.). Federal origination fees of 4% and a fixed interest rate of 7.9% apply for the duration of the loan, although there are no prepayment penalities. Interest paid on this loan is often tax deductable.
To apply, visit www.studentloans.gov and look for the "Manage My Direct Loan" box. Sign in using your FAFSA PIN number, then complete the PLUS request process.
Hendrix College Plan
Through the College Plan, you can pay your share of the Hendrix fees in two equal installments. Payment for the fall semester is due in early August, and spring bills are due in mid-December.
Monthly Payment Plan
Tuition Management Systems' 5- or 4-month Payment Plans are easy, affordable ways to pay for an education. Both TMS Payment Plans are interest-free with only a one-time, per semester enrollment fee involved. Your monthly payments are determined by your out-of-pocket expenses for each semester. Each semester will have five or six monthly payment cycles, depending on whether you sign up in June or August. To participate, call Tuition Management Systems at (800) 722-4867, or visit www.afford.com/hendrix.