Billing and Financing Information

Undergraduates Only

The Federal Direct Parent PLUS loan is a preferred way for families of undergraduate students to cover the cost of their student's education when the cost exceeds the amount you have budgeted for this commitment. PLUS loans enable parents with good credit histories to borrow to pay the educational expenses of their dependent children. The current interest rate is 6.84 percent. Generally, repayment begins 60 days after the loan is fully disbursed. Additional information about Parent PLUS loans can be found on our Loan Programs page.

If you wish to borrow a Federal Direct Parent PLUS loan, you must first submit a Free Application for Federal Student Aid (FAFSA). You will also need to complete and submit a PLUS Loan Request.

Payment plans are available directly on Bill+Payment on a term by term basis.

Payment plans for fall semester are available for enrollment in mid-July once fall semester charges have posted. Spring plans will become available at the beginning of January once spring charges have posted. Each semester you have the choice of setting up a payment plan of 4 or 3 payments, with the final payment for each semester being due in time to register for the following semester.

The enrollment fee is $30 per semester for a total of $60 for the year. There are no finance charges, however a $50 fee is incurred for late payments.

For additional details about payment plans and how to sign up, please contact the Student Accounts Office.

Private student loans are available to graduate and undergraduate students.  Generally, the student is the borrower.  Often a co-signer will be required by the lender.

These loans are generally less flexible than any federal loans and are therefore viewed by the Office of Financial Aid as a last resort for families.

If a family chooses to proceed with a private student loan, families should review their options through a web search.  Families should review the terms and conditions for each lender.  Once the preferred lender is chosen, families should complete the application through the lender.  Willamette will certify the loan when asked by the lender to do so.  The funds will be disbursed to Willamette to pay your student account bill.