At Clark University, we realize that preferences and needs for additional resources for financing your education are as individual as each student.
We encourage families to consider ways to pay for educational costs that best fit their needs. Below are some suggestions you can review to determine what fits your personal financial situation.
Monthly Payment Plan
One way to limit or reduce debt is to consider the Interest-Free Monthly Payment Option that is offered to Clark families from the Student Accounts office managed by Nelnet Campus Commerce. On average, approximately 750-800 of our families use the payment plan during the academic year. Using a combination of resources to limit debt while still keeping your monthly payments affordable. There is a deadline to enroll in the payment plan. You can reach Nelnet at 1-800-609-8056.
We recommend that you borrow for the cost of the entire academic year, not one semester as a time. Loans should be secured no later than one week prior to the billing due date to allowing time for processing and avoid late fees, interest charges and cancelled registrations. Private student loan certification will begin in June.
Please click here to access the Undergraduate Loan Comparison Tool for Students.
Please click here to access the Undergraduate Loan Comparison Tool for Parents.
The Federal Direct PLUS Loan is a Parent Loan for Undergraduate Students reserved for the parent of a dependent, undergraduate student. The lender is the federal government. The interest rate and origination fee is reset each July 1st for the upcoming academic year. The Federal Direct PLUS Loan fact sheet, instructions and application can be found on our Forms and Resources webpage. During the 2020-2021 academic year, 120 Federal Direct PLUS Loans were borrowed with an average loan of $17,262.