Payment Plan and Additional Loan Options
UAA Payment Plans
Learn more about how a UAA payment plan works and how to set one up.Learn more
Federal PLUS Loans
Apply for additional federal student loan programs as a parent or graduate student.Apply now
No other funding options? Consider student loans from a state or private lender.Get started
Please refer to the Office of the Bursar's Payment Plan & Student Account Center website below for "Current Semester" and "Past Due Balance" payment plan deadlines and details. Students enrolled in a "current semester" payment plan prior to the published payment deadline and making timely payments are not subject to campus late fees of up to $300. Enroll early to spread your balance over the most monthly installments available. *Students can even set up authorization for other individuals to become "authorized users" so they can make payments on the student account without needing to log into UAOnline.
To access the payment plan:
- Log into UAOnline
- Select the Student Services & Account Information tab
- Click Student Account
- Click Make Payments
- Select the current Term from the drop down menu and click the Submit button
- Acknowledge the refund policy statement by clicking the checkbox
- Click the Pay Now button
For more information visit the Payment Plan & Student Account website.
Dependent or graduate students who need additional funds beyond what they qualify for in regular federal student aid, including Federal Direct Subsidized and Unsubsidized Loans, may choose to apply for a supplemental Federal Direct PLUS Loan. The U.S. Department of Education makes Direct PLUS Loans to both eligible parents and graduate or professional students. Note: A Direct PLUS Loan is commonly referred to as a parent PLUS loan when made to a parent, and as a grad PLUS loan when made to a graduate or professional student.
Before applying, make sure you or your child have already filled out the Free Application for Federal Student Aid (FAFSA®) form.
- Federal Grad PLUS Borrowers
- Federal Parent PLUS Borrowers
- In addition to completing the Parent PLUS Loan (MPN), you must also complete a UAA Parent PLUS Loan Request Form*, available on the UAA Financial Aid Forms page.
- Special Note - Parent-Applicant Credit Score APPROVED: If the parent-applicant's credit score is approved by the federal processor, the funds will be applied to the student's UAA account and will be used to pay any outstanding tuition, housing or other qualified charges. UAA's form allows the parent to inform UAA how to disburse any remaining loan credit balance, resulting from the PLUS loan deposit.
- Special Note: Parent-Applicant Credit Score NOT APPROVED: If the parent-applicant's credit score is not approved, the dependent student may speak to a UAA Financial Aid Advisor about gaining additional federal loan eligibility in the current academic year.
Alternative Educational Loans (ALT), also known as private educational loans, consist of any student loan that is not a federal student loan. ALT loans offer additional financial assistance to students and are available from banks and private loan companies, including several right here in Alaska. Students who need additional funds beyond what they qualify for in federal student aid (including Federal Direct Loans) or students who are not eligible for Federal Direct Loans may wish to apply for an alternative education loan.
- U.S. Citizens and Eligible Non-citizens: Alternative loans should ONLY be considered after applying for federal financial aid using the Free Application for Federal Student Aid (FAFSA). A FAFSA can still be submitted even after the semester has started.
- International Students and Non-citizens not eligible to complete the FAFSA may be eligible to borrow private, alternative loans.
UAA's Financial Aid advisors want to help students maximize their aid so they understand all the options, rates and terms available. Students should contact a Financial Aid advisor to explore the full range of considerations before deciding to apply for an ALT loan.
- Start the application process for an alternative loan by choosing a lender and contacting them directly to begin the pre-approval process. Don’t be shy about asking questions.
- Your lender will perform a credit review. If approved, you will be provided a self-certification form and promissory note that you will need to complete and return to your lender.
- Your lender will notify UAA that you have applied for a loan. Once we receive this notification, we will certify your loan once we determine you are eligible.
- Once your lender has received all necessary information from you and from our office, you will be sent additional disclosures from your lender. Once all requirements are met, your lender will send your loan funds to the Financial Aid Office.
Time-frame for Processing an ALT Loan:
- If you apply for an alternative loan, your lender will send a certification request to our office and we will review your eligibility based on your lenders requirements. Lenders that use an electronic process for certification and disbursement are much faster than lenders who use a paper process. Certifications are generally reviewed within 1 week from the day we receive it from your lender. You will receive an e-mail from us if we have any questions or concerns regarding your alternative loan. Once we have certified your loan, you will receive a final Disclosure from the lender. At this time you have a 3 day rescission period from receipt of the Final Disclosure. This rescission period allows you to cancel the loan without penalty if you change your mind.
- Give yourself plenty of time! The new Truth in Lending Act requires additional processing steps that include a three day waiting period after the necessary disclosures have been completed and before the loan can be disbursed. Depending on the lender, this can add an additional 3 to 7 days from time of application to disbursement.
- Provided you are eligible for the loan, funds will be disbursed from your lender to your student account. The timing of disbursement will vary from lender to lender. At a minimum, your loan will disburse no sooner than 10 days prior to the first day of classes or at least three business days from the time your lender sends you the Final Disclosure notice, whichever is later. Be aware that the overall processing time may vary depending on your lender and that a processing time of several weeks is a definite possibility.
To assist you in taking charge of your finances, UAA recommends that students review the "Loan Repayment Comparison" information covered in the "Considerations Before Borrowing Loans" section.