Financial Aid


Paying Your Balance

Privacy and Refund Policy

Payments May Be Sent To:
Student Financial Services
Thomas College
180 West River Rd
Waterville, ME  04901  

Make a credit card payment.

Thomas College Monthly Payment Plan:  Any family wishing to pay annual costs in monthly payments may enroll in the monthly payment plan.  Ten monthly payments (five months per semester) begin August 10 and end May 1.  A non-refundable enrollment fee of $30 is added to the first payment. 

Parents Loans for Undergraduate Students (PLUS): The eligible amount is equal to the cost of attendance minus financial aid.  The variable interest rate is changed every July 1.  Repayment begins 60 days after disbursement. For more information, go to the Direct Loan website.

Maine Loan: The Maine Loan is available to credit-worthy Maine residents, 18 and older, attending approved schools in the United States and Canada, and to out of state students attending approved schools in Maine.  Students may borrow from $1000 up to the cost of attendance minus any financial aid received.

Sallie Mae Smart Option Student Loan: The Sallie Mae Smart Option Student Loan is available to an undergraduate or graduate student that is enrolled at least half-time. Students will typically need a cosigner and a credit check must be passed.  Students may borrow up to the cost of attendance minus any financial aid received.

Discover Private Student Loan: A Discover Student Loan is available to a student enrolled at least half-time.  Students will typically need a cosigner.  A positive credit history, acceptable debt-to-income ratio, and minimum wage are required by the applicant or co-signer.  Student may borrow up to the cost of attendance minus any financial aid received.

Wells Fargo Collegiate Loan:  A Wells Fargo Collegiate Loan is available to a student enrolled at least half-time.  Students will typically need a cosigner and a credit check must be passed.  Student may borrow up to the cost of attendance minus any financial aid received.

Citizens Bank TruFit Student Loan:  Citizens Bank TruFit Student Loan is available to students enrolled at least half-time.  Students are encourage to apply with a qualified co-signer to increase their chances of approval at the lowest interest rate possible.  Borrow up to the maximum qualified loan amount or the total cost of education, whichever is lower.  

Union Federal Private Student Loan: The Union Federal Private Student Loan is available to undergraduate and graduate students enrolled at least half-time. International students may apply with a U.S. cosigner. Students will typically need a cosigner to apply. Students may borrower up to the cost of attendance less other financial aid. 

The above listed alternative loan lenders are only options.  Thomas College accepts all alternative loans and encourages borrowers to do research on their own, as the borrower may be able to find lenders offering better benefits or interest rates.

Lenders shown were chosen based on previous history with Thomas College including customer service provided to the college and its students, competitive interest rates, additional borrower benefits, and ease of application.

Title IV Code of Conduct

Managing Money/Understanding Debt

CashCourse

Loan Calculators - finaid.org


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