Online Financial Education Center
ÐÔÅ«µ÷½Ì's online financial education center is here to help you understand how money works and how to plan and make financially smart decisions. We’ve compiled resources on all kinds of financial topics that will improve the knowledge and skills you need to effectively manage your finances over your lifetime.
Financing a ÐÔÅ«µ÷½Ì Education - New Students
- File the . ÐÔÅ«µ÷½Ì’s FAFSA school code is 002506.
- Accept/decline financial aid offers via your myÐÔÅ«µ÷½Ì account.
- If you have accepted a Federal Direct Loan, complete the online to signify your agreement with the lender and .
- Visit ÐÔÅ«µ÷½Ì's tuition and costs page to project a more accurate estimate of costs as they pertain to your unique living arrangements and program of study.
- Determine how to pay for any remaining balance not yet covered by financial aid, including expenses relating to living and books.
- If you will finance all or part of the remaining balance through additional student and/or parent loans, apply by July 1. For more information about these options, visit the loan webpage.
- Enroll in the University health insurance plan or complete a health insurance waiver if you already have health insurance.
- Contact your admission counselor at 314-977-2500 with any questions.
Let’s estimate Sample Student's remaining balance is $10,000 for the full year. If Sample Student's family paid in full at the beginning of each semester, they would make a $5,000 payment for fall in August and a $5,000 payment for spring in January. Let's look at some additional choices for covering the remaining balance if paying in full might not be an option for you.
Option 1: Payment Plan
- Enrolling in a Payment Plan would allow the remaining balance to be paid in 5 equal payments throughout the semester.
- $75 Enrollment Fee Plan - Families pay an enrollment fee of $75 per semester to enroll in this plan. There will be no interest or finance charges accrued on this plan. Typically best for families with balances larger than $5,000.
- 1% Interest Plan - 1% interest is assessed each month on the remaining balance. Interest is added to the bill in the form of a finance charge. Families will balances of less than $5,000 will want to sign up for this plan.
- Monthly payment amount on a $10,000 balance will be approximately $1,000 per month
Option 2: Parent Loan
- 4.228% federal origination fee withheld from the disbursement
- 8.05% fixed interest rate (2023-2024)
- Loan period: August 2023 – May 2024
- Loan amount: $10,442
- Net received: $10,000
- Estimated monthly payment: $122 (Standard 10-year repayment term – no prepayment penalty for early payoff)
Option 3: Private Student Loan
Credit-qualifying usually requires a credit-worthy co-signer
- Typically no origination fee
- Fixed rates are available, but usually variable rate loan (estimated variable rate 10%)
- Loan period: August 2023 – May 2024
- Loan amount: $10,000
- Estimated monthly payment: $132 (Standard 10-year repayment term – no prepayment penalty for early payoff)
Resources for new freshmen and transfer students:
- Reach out to your Admission Counselor. Find your counselor and their contact information.
- Contact Student Financial Services at (314) 977-2350 or at sfs@slu.edu.
Information for Current ÐÔÅ«µ÷½Ì Students
- File the starting on Jan. 1 before the priority deadline of April 1. ÐÔÅ«µ÷½Ì’s FAFSA school code is 002506.
- Accept/decline financial aid offers via your myÐÔÅ«µ÷½Ì account.
- Your Cost of Attendance might change slightly over the course of your time at ÐÔÅ«µ÷½Ì. Visit ÐÔÅ«µ÷½Ì's tuition and costs page to project a more accurate estimate of costs as they pertain to your unique living arrangements and program of study from year to year.
- Determine how to pay for any remaining balance not yet covered by financial aid, including expenses relating to living and books.
- If you will finance all or part of the remaining balance through additional student and/or parent loans, apply by July 1. For more information about these options, visit the loan webpage. You will need to submit Parent PLUS loan or private loan applications for each year at ÐÔÅ«µ÷½Ì.
- Check the Scholarship Suite in your myÐÔÅ«µ÷½Ì account periodically throughout the year to apply for departmental or university scholarships you may be eligible for.
- Enroll in the University health insurance plan or complete a health insurance waiver if you already have health insurance.
- Contact your student financial services counselor or schedule a meeting with them via EAB Navigate.
- Contact your student financial services counselor or schedule a meeting with them via EAB Navigate.
- Contact Student Financial Services at (314) 977-2350 or at sfs@slu.edu.
- Join our or stop by our office in DuBourg Hall, Room 119 from 8:30AM-5:00PM, Monday through Friday
Ways to Cover Your Remaining Balance
- Payment Plan - Any remaining balance may be paid in full at the beginning of a term or spread over the full term to make five equal payments each semester (Fall=August to December, Spring= January to May)
- - Parents can borrow up to the full Cost of Attendance minus other aid. Half of the loan will be disbursed in fall and half in spring. Repayment can start as early as 60 days after the loan is fully disbursed or deferred while the student remains enrolled at least half-time (6 hours).
- Private Student Loan - Student can borrow up to the full Cost of Attendance minus other aid. Repayment is deferred until six months after a student drops below half-time (6 hours).
- Private and Outside Scholarships
- 529 Plans
Additional Resources
The information below is organized based on four financial phases common to students. Check out the one most relevant to you, and don’t forget that you can contact a financial aid counselor if you have any questions.
Saving For College
Explore additional links to information on 529 plans and other savings options.
Discover the latest college saving news and 529 plan information. Also compare plans
by state or features.
Career Planning
Learn about the pay ranges for specific career paths, what education is required and
the expected number of new jobs.
ÐÔÅ«µ÷½Ì Career Services
Build your career and earning potential by understanding your career prospects.
Finding More Aid
View short videos about filing your FAFSA, common myths about aid and other topics.
Private Scholarship Opportunities
Find scholarship money from sources outside of ÐÔÅ«µ÷½Ì.
Managing Your Money
Understand your financial aid and manage your finances with these tools.
Learn more about credit and credit card basics.
Tax Information
Review a thorough explanation of the federal income tax form 1040EZ.
Loans
Log in to find out about your borrowing history, compare monthly repayment amounts,
complete exit counseling or financial awareness counseling.
Learn about federal repayment options based on certain time periods or income.
Determine if federal loan consolidation is right for you.
Learn about loan forgiveness options for teachers and other public service jobs.
Read about student loan repayment information in clear, everyday language.
Learn about student loan interest and the benefits of paying interest while you are
in school.
Tax Information
Learn about tax benefits that will allow you to get back some of the money spent on
tuition or loan interest.
Review IRS resources for your common tax questions.
Other
Put your financial knowledge to the test with this quiz for ÐÔÅ«µ÷½Ì students.
Loan Repayment
Log in to find out about your borrowing history, compare monthly repayment amounts,
complete exit counseling or financial awareness counseling.
Learn about federal repayment options based on certain time periods or income.
Determine if federal loan consolidation is right for you.
Learn about loan forgiveness options for teachers and other public service jobs.
Read about student loan repayment information in clear, everyday language.
Submit any complaints to this agency about financial institutions or loan servicers.
Budgeting
Learn more about a campaign managed by the nonprofit Consumer Federation of America that seeks to motivate, encourage and support low- to moderate-income households to save money, reduce debt and build wealth.
Review a free online budget tracking website and app.
Credit
Access one free credit report per year from each credit bureau.
Learn more about credit scores and access calculator tools.
Other
Watch short videos on paying for graduate school.
Watch short videos explaining important financial concepts and terms.