Deferred Payment Plan (DPP)
Barry allows students to divide all or part of a single term's educational expenses into three convenient monthly payments (offered for courses of 12 weeks or more). There are no interest charges. However, there is a per-plan processing fee of $50.00. The first payment is due upon registration, and the next two payments will be due on the 1st of the next two following months. Students sign a Deferred Payment Plan contract which outlines the payment amounts and due dates. There is a $500.00 penalty assessed for late payments after ten (10) days. Reminder notices are sent ten (10) days before the due date.
Barry also offers a two-payment plan for courses of 10 weeks. The first payment is due upon registration; the second is due in five weeks. There is also a $50 Deferred Payment Plan Fee.
Note: There are no payment plans for courses less than 10 weeks.
Tuition Payment Plan
Barry University offers the services of Tuition Management Systems, Inc. (TMS), providing an alternative method of paying for tuition and fees. TMS will assist students in budgeting monthly payments for tuition and fees and offer a wide range of financing alternatives. Since many of these plans require payments beginning in the summer preceding the student's first semester at Barry University , interested students and their families are urged to contact Tuition Management Systems at 1-800-722-4867 1-800-722-4867 for additional information.
Federal Student Loan Programs for Graduate and Professional Students
Subsidized Stafford Student Loan Program (formerly G.S.L.)
Through this program students may borrow up to $8,500 per academic year from a bank, a savings and loan association, or other lenders who participate in the program. The loan will have a fixed interest rate of 6.8%. Repayment begins six months after the student graduates or drops below half-time status. In order to qualify for the program, students must demonstrate financial need; be enrolled or accepted for enrollment on at least a half-time basis; and show satisfactory academic progress. Students must be citizens or permanent residents of the United States .
Unsubsidized Stafford Student Loan Program
Under the Unsubsidized Stafford Student Loan Program, students do not have to demonstrate financial need to borrow funds. Furthermore, the interest is NOT subsidized by the federal government while the student is in attendance. Consequently, the student will have to make interest payments or allow the bank to capitalize the interest accrued during the period of enrollment. Students may borrow up to $18,500 minus any approved Subsidized Stafford amount. The loan will have a fixed interest rate of 6.8%.
Alternative Loans are available to assist students enrolled in programs with high educationally related expenses. Creditworthy students may borrow from $2,000 - $20,000 depending on their cost of attendance. Students must demonstrate financial need, be enrolled at least half time or better, and be making satisfactory progress. Interest rates on these loans are variable, not to exceed the 91-day treasury bill rates plus 3% at repayment. Interest accrued during periods of enrollment may be capitalized upon the request of the student. Please Note: You must apply for loans. Receipt of a financial award letter indicating eligibility for a loan does not constitute application. Further information and applications for loans are available from the Office of Financial Aid. You can reach the Office at (305) 899-3673 (305) 899-3673 OR 1-800-695-2279 1-800-695-2279 .
State of Florida Financial Assistance Programs for Graduate Students
The following state of Florida programs are available to qualified graduate students:
- Jose Marti Scholarship Challenge Grant Fund
- Seminole/Miccosukee Indian Scholarships
- Florida Teacher Scholarship and Forgivable Loan Program
- Critical Teacher Shortage Student Loan Forgiveness Program
- Exceptional Student Education Training Grant for Out-of-Field Teachers
- Scholarships for Children of Deceased or Disabled Veterans
The financial assistance programs available through the state of Florida are subject to change. Additional programs for graduate students may also be available. The most current information regarding state of Florida financial programs may be obtained by contacting Barry's Office of Financial Aid at (305) 899-3673 (305) 899-3673 or 1-800-695-2279 1-800-695-2279 .
Grants and Scholarships Offered Through Barry University
Barry University offers a variety of grants, scholarships, and tuition discounts to qualified students. All full-time Florida teachers receive at least a 30-percent tuition discount under the Professional Recognition Scholarship Program. Proof of eligibility must be submitted. Clergy members of religious communities (sisters, brothers, etc.) receive a 30-percent discount for all graduate programs under the Professional Recognition Scholarship Program. Various academic schools at Barry University also provide grants and scholarships to eligible students.
Determining Eligibility for Financial Aid
A student is eligible for student aid when he or she meets all of the following criteria:
- Enrollment, or acceptance for enrollment, in a degree-seeking program of study.
- Registration as at least a half-time student.*
- U.S. citizenship, or qualification as an eligible non-citizen.
- Satisfactory academic progress.**
- Completion of the necessary financial aid applications by the appropriate deadlines.
* Half-time enrollment for most graduate programs is defined as 4 or more credits per semester. For further information regarding academic progress and what constitutes "half-time" enrollment, refer to the specific requirements pertaining to the academic program the student is pursuing.
** For federal financial aid purposes, "satisfactory academic progress" means that the student must be in good standing in his or her program of study.
In order to qualify as an eligible non-citizen, students must be permanent residents with an Alien Registration Card, Form I-551 or Form I-551C, with a currently valid expiration date. Passports stamped "Processed for I-551" with a valid expiration date are also acceptable. Students may also present a "Temporary Resident Card," Form I-688, with a valid expiration date to qualify as eligible non-citizens. Note that the I-688A and I-688B do not qualify the student as an eligible non-citizen. No federal financial aid is available to international students.
Applying for Financial Aid
After applying for admission, students submit the completed packet of financial aid forms, available through Barry's Financial Aid Office. This packet includes: the Free Application for Federal Student Aid (FAFSA), the Barry University Graduate and Professional Financial Aid Supplemental Application, and a Federal Stafford Loan Master Promissory Note. Individuals whose applications are selected for verification may have to submit additional documentation. Students will be notified if tax returns or verification forms are required to complete the verification process.
The Free Application for Federal Student Aid (FAFSA) should be forwarded to one of the federally approved Multiple Data Entry Processors designating Barry as the recipient of the application data. Barry University 's Institutional Code is 001466. You may also file your application on line at www.fafsa.ed.gov. The remainder of the supporting applications and documentation should be sent directly to the Office of Financial Aid at Barry.