Payment Plan A (Annual)
Due August 1st. Useful for Families with cash assets and/or families using home equity or other long term loans. Provides convenient one–time annual payment to Salesianum and $100 discount if paid within 30 days.
Payment Plan B (Semester)
60% due August 1. 40% due December 1. Useful for families who wish to manage cash flow. Provides two convenient, no-interest payments.
Plan C (Monthly Payments)
10 months, beginning in July, on the 5th or 20th of each month. Useful for families who wish to manage cash flow on a monthly basis. This plan includes a $100 annual processing fee.
Plan D (Bi-Monthly Payments)
10 months, beginning in July. 20 payments (equal split) on the 5th and 20th of each month. Useful for families whose pay dates do not conveniently accomodate monthly payments. This plan includes a $100 annual processing fee.
Freshman Tuition Deposits
A non-refundable deposit of $1,000 is due with student registration upon receiving notification of acceptance from Salesianum. This deposit is deducted from the full payment (Plan A), and the tuition amount when calculating semester payments for Plan B, monthly payments for Plan C and bi-monthly payments for Plan D.
Tuition Refund Insurance
Per the terms of the Salesianum Tuition Contract, students are enrolled for the full year and no adjustment of fees or tuition can be made by Salesianum for absences, withdrawals or dismissals. To insure your annual financial obligation under the terms of the Tuition Contract, Salesianum offers a Tuition Refund Insurance Plan. Tuition Refund Insurance is optional and is provided by an outside company, A.W.G. Dewar, Inc. The purchase of Tuition Refund Insurance is a protection of a family’s investment in the case of student withdrawal. The insurance coverage provides a pro-rated tuition for mid-year withdrawal due to economic, academic, disciplinary, illness, injury or other reasons consistent with the terms of the Tuition Refund Insurance Plan (Broad Form). The Tuition Refund Insurance option must be selected on the annual Tuition Contract. The premium for 2016-2017 is 2% of tuition and is charged in July.
Another tuition management option is an education loan. Salesianum has partnered with the following companies to offer maximum flexibility in choosing a loan.
DEXSTA Federal Credit Union Education Loan
DEXSTA FCU offers education loans for families to help them achieve their educational goals. The DEXSTA K-12 Loan offers loan amounts from $1,000 to $30,000 annually with a 15 year term for affordable monthly payments. DEXSTA membership is open to anyone who lives, works, worships or attends school in New Castle County, DE. Visit www.dexsta.com for more information or contact them at firstname.lastname@example.org.
Sallie Mae K-12 Family Education Loan
Sallie Mae offers flexible repayment terms, no prepayment penalties, and competitive interest rates which may make tuition payments more manageable for your family. For further information on the Sallie Mae K-12 Education Loan, visit www.salliemae.com. Select ‘I’m a Parent’ under the heading ‘Start Your Application’, then select K-12 Family Education Loan. Enter Salesianum’s school code, 607518-00, when completing your application.