Semester Tuition Installment Loan
- What is the Semester Tuition Installment Loan (STIL)?
- How do I participate in the STIL?
- Is there a charge for using this option?
- What is the schedule of payments?
- How can I review my account balance?
- What if I am receiving financial aid?
- What if I add classes?
- What if my payment is late?
- What if I drop a class?
- What if my check payment is dishonored by my bank?
- What if my account is not paid by the end of the semester?
The Semester Tuition Installment Loan (STIL) is a way to spread your payment of tuition costs throughout the semester. Housing, books, supplies and other personal expenses are not included. The STIL does not reduce your financial obligation to the college, but offers an alternative to making a single tuition payment.
Each semester a student must complete and submit an online application form at:
MyPage > Student Tab > Student Portal > Tuition Payment Options
The down payment along with the $30.00 application fee must be submitted with your application.
If you are under 18 years of age, you must print the application form, complete it with a co-signers signature and submit it to any campus Cashier’s office with the down payment and the application fee. Monthly payments for the STIL are usually made by the 10th day of each subsequent month.
Yes, a $30.00 non-refundable application fee is assessed each semester for students submitting an application. The fee is payable with the application and the payment installments are equally divided each month.
The first payment is due and must be made when submitting your STIL application. The remaining balance is due in equal monthly installments until the balance is paid in full. It is your responsibility to know when payments are due and the amount of the monthly payment. Payments occur over a four month period for fall and spring semesters and three months for the summer semester.
Salt Lake Community College (SLCC) mails courtesy account statements, but it is the student’s responsibility to view account activity online at: http://mypage.slcc.edu or to call the Accounts Receivable office at: (801) 957-4480.
Any tuition assistance received will be applied to financial obligations due to the college first, including all installment payments due under the STIL plan. If financial aid approval results in a refund, it will be processed with the regularly scheduled financial aid checks. Please see MyPage under your student account to make sure your financial aid has been applied to your account.
If you add classes that are not on the original STIL, the tuition for those classes will automatically be added to the installment loan and your next payment amount will increase accordingly. Please contact any campus Cashier’s Office to pay the increased STIL amount or pay the amount due online.
If your payment is not received by the due date, you will be assessed a $15 late fee and a hold will be placed on your school records. This restricts you from receiving information regarding your school records and can make you ineligible for future registration.
If you drop a class during the tuition refund period, the amount of credit you receive, if any, will apply to your next payment. You can view this information on your student account.
If your check is returned to the college from the bank, a returned check service fee of $20 will be assessed in addition to the $50 tuition late fee. Fees and penalties will be paid first prior to the application of any payments to the outstanding balance of the installment loan.
SLCC pursues to the fullest extent of the law, all financial obligations due. Restrictions or “holds” on student accounts can include but is not limited to: registration, transcripts, grades and graduation; liens against Utah State Income Tax Returns; referrals to collection agencies; and litigation. Interest will be charged at the rate of 1.5% per month (18% per year) on any amount over 30 days past due.
The STIL is an approved loan for education, which is non-dischargeable in a Bankruptcy Court. By signing the STIL application, you agree to pay any cost incurred in the collection process of this plan including, but not limited to: late charges, attorney’s fees, charges or commissions up to 50% that may be assessed by any collection agency retained to pursue this issue.