Payment Plans

Pay monthly by enrolling in the Educational Loan Payment Plan. To enroll, a student must complete the Educational Loan Payment Plan form (found in the Educational Loan Agreement). There are two payment plan options:

  • Monthly payment by cash, check or credit card. To off-set administrative expenses, there is a $50 service fee for this option.
  • Monthly payment by ACH. There is no service fee for this option. A voided check or bank documentation with routing and account number is required. Additionally, if the payments are being withdrawn from an account other than the student’s, the account holder is required to sign the form. ACH payment plans submitted without this information will not be processed.

PLEASE NOTE:  Alverno reserves the right to withhold the deferred payment plan option from any student based on prior payment history.