Financing Options

Some families find it necessary to supplement the financial aid package with additional funding. Below are several financing options to research and compare.

Please allow sufficient processing time when selecting an alternative funding source. This ensures funds are applied to the student account by the semester payment due date. 

Fisher Payment Options and Payment Plan

Student Financial Services accepts payments online, by mail, in person, and via phone. Payment is also accepted through employer reimbursement and direct billing programs. 

The Fisher payment plan allows families to finance their semester balance in five equal installments. The payment plan does not charge interest, only a small enrollment fee. 

For more information on the payment options and payment plan, please view the Payment Options page.

Credit-based Borrowing

Many students and families exploring additional financing to cover educational costs consider Federal Direct Parent PLUS Loans and private student loans. The loan option that is "best" will vary for each borrower and depends on your individual circumstances, financial situation, and preferences. We highly recommend you research all options and choose the loan program that best meets your and/or your family’s individual needs.

  • Federal Direct Parent PLUS Loans are available to the parents of dependent undergraduate students. 
  • Private loans are available for all students and parents. You may choose from this list or opt to use another private lender of your choice. Fisher does not recommend or endorse certain lenders. 

It is recommended that you begin the loan process early. When comparing loan options, keep in mind that applying for multiple credit-based loans within a 30-day window for the purpose of rate shopping is typically treated as one credit inquiry. This allows families to compare offers without significantly impacting their credit score.

When comparing loan options, evaluate three primary categories: eligibility, costs (interest rate and fees), and repayment terms. The importance you place on each of these categories will depend on your individual circumstances and preferences. 

While the Federal Direct Parent PLUS terms are known, private loan terms will vary based on lender. 

Questions to Consider When Comparing Loan Eligibility

  • Who is the borrower on the loan?
  • Will I need a cosigner?
  • Am I eligible if I am not enrolled at least half-time?
  • Can I borrow funds to cover a past-due balance?
  • Do I need to be enrolled in a degree-seeking program?

Questions to Consider When Comparing Loan Costs

  • What is the interest rate? Is it fixed or variable?
  • Are there any loan fees?
  • Are there borrower benefits?
  • What will my estimated monthly payment be?
  • What is the repayment term?

Questions to Consider When Evaluating Repayment

  • Is there a grace period after graduation?
  • What is the length of the repayment term?
  • Who will service the loans?
  • What repayment options are available?
  • Are there deferment or forbearance options offered?
  • Is loan forgiveness available, and under what circumstances?

Private Loan Processing Timeline

  • Apply: Submit your application directly to the lender. After you are approved and accept the loan, please allow 3-5 business days for Fisher to receive the certification request.
  • Certification: Fisher will certify your loan for the amount requested, up to your total cost of attendance minus any other aid received.
  • Viewing your Loan: Once the loan is certified, it will appear in Fish 'R' Net under your award information and will reflect as anticipated aid on your student account.
  • Disbursement: Loan funds are sent directly to Fisher. Disbursement occurs no earlier than ten days prior to the start of classes.