Lori Meadows
Students at Idaho State University (ISU) can pay their tuition and fees in their local currency from nearly any country. Students can pay online via MyISU, which gives them access to Student Account information and online payment. MyISU is available 24 hours a day. Alternatively, fees may be paid by bank wire transfer, with a check, money order, or 529 College Savings Plan, or with a credit card. Students at Illinois State University are eligible to borrow loans from the government without a co-signer, but there are some limitations. For example, a student must be enrolled part-time and be considered degree-seeking. Indiana State University offers private loans to help students pay for college and refinance existing student loans.
| Characteristics | Values |
|---|---|
| University | Idaho State University |
| Website | www.isu.edu |
| Contact Number | (208) 282-2756 |
| [email protected] | |
| Payment Methods | Online, Bank Wire Transfer, Check/Money Order/529 College Savings Plan, Credit Card, Electronic Check |
| Student Account Information | MyISU |
| Student Loan Types | Subsidized, Unsubsidized, Parent PLUS, Graduate PLUS |
| Loan Eligibility | Enrollment in a minimum of 6 credits |
| Loan Default Rate | 0% |
| Loan Servicer | studentaid.gov |
| Loan Repayment | 6-month grace period after graduation or stopping half-time attendance |
| Loan Interest Rate | Reduced with automatic electronic payments |
| Loan Deferment | Temporary suspension of monthly loan payments |
| Scholarship Opportunities | Yes |
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Payment methods
The payment methods available to you depend on whether you are paying from an international or domestic account.
Domestic Payments
If you are paying from a domestic account, you can pay your fees online with a credit card (VISA, MasterCard, American Express, Diner's Club, or Discover). A service fee will be assessed on all credit card transactions. Alternatively, you can pay with an electronic check/transfer for free.
You can also pay by check/money order/529 College Savings Plan. Make checks payable to Idaho State University with your Student ID in the memo. Mail to:
921 S 8th Ave Stop 8219, Pocatello, ID 83209-8219
International Payments
ISU provides a streamlined payment option for international students through TransferMate. You can pay your tuition and fees in your local currency from nearly any country.
Financial Aid
Federal financial aid must be accepted before it can be applied to outstanding fees. Students need to access MyISU to actively accept their awards and select disbursement options.
Scholarships
The ISU Federal Credit Union offers four $5,000 tuition scholarships and four $500 book scholarships annually to members intending to enroll or already enrolled full-time in an undergraduate degree program at either Indiana State University or Saint Mary-of-the-Woods College.
Student Loans
Student loans are also available from the ISU Federal Credit Union in partnership with Sallie Mae®. These loans are designed for the needs of all types of students.
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Payment timing
The timing of your first loan payment will depend on your enrollment status. If you are enrolled as a half-time student (6 credits or more), you will be eligible for an in-school deferment. This means that you can defer your loan payments until you drop below half-time status. At Idaho State University, students are allowed a one-time six-month grace period after they drop below half-time status before loan repayment begins. Interest on the loan begins accruing at the start of this grace period.
For federal loans, there is typically a set grace period of six months after you graduate or stop attending at least half-time before you must start making payments. Your loan servicer will notify you when your first payment is due. It is important to make your loan payments on time to avoid becoming delinquent and risking default. For federal loans, failure to make a payment for more than 270 days may result in loan default, which can have serious consequences.
To reduce the interest rate on your loan, you may set up automatic electronic payments. Alternatively, if you are in need of immediate funds, you can apply for a Short-Term loan from Idaho State University. These loans are issued for up to 90 days and must be repaid upon receipt of financial aid, 90 days after issue, or by the last day of the semester, depending on which comes first.
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Loan types
There are several types of student loans available, which may or may not be need-based. The Financial Aid office at ISU will determine loan eligibility based on the Free Application for Federal Student Aid (FAFSA).
Subsidized Loans
The government pays the interest on subsidized loans while the student is enrolled in school at least half-time (6 credits). During a grace period, interest on subsidized loans is also accrued but paid by the government.
Unsubsidized Loans
Unsubsidized loans accrue interest while the student is in school (enrolled for at least 6 credits, or 5 credits for graduate students). Interest begins accruing at the beginning of the grace period.
Parent PLUS Loans
Parents of dependent undergraduates enrolled at least half-time (6 credits) may receive a Parent PLUS Loan. Eligibility is based on the parent's credit history, not financial need. The loans are made regardless of income level and are offered through the Direct Loan program. PLUS Loans have a fixed interest rate set by the U.S. Government.
Graduate PLUS Loans
Graduate and professional students are eligible to borrow under the PLUS Loan Program up to their cost of attendance, minus other financial assistance. These loans require a Master Promissory Note (MPN) to be signed annually, agreeing to pay back the loan.
Private Education Loans
Private education loans are funded by third-party lenders such as banks, credit unions, or national lenders. They require a separate application, credit check, and often a creditworthy cosigner. The terms and conditions differ among lenders, and interest rates, fees, and provisions are subject to change. Private education loans cannot be consolidated with federal student loans and cannot exceed the student's estimated cost of attendance minus other financial aid.
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Loan eligibility
To be eligible for a student loan at Idaho State University (ISU), you must be enrolled in a minimum of 6 credits as an undergraduate or 5 credits as a graduate student. The number of credits you are enrolled in will determine your loan eligibility. For instance, students enrolled in less than full-time will have their loan amounts adjusted to reflect their actual enrollment.
Additionally, the federal government has set loan limits based on the year of study, and colleges cannot exceed these limits. The amount you can borrow may vary depending on your financial need and other types of aid awarded. Graduate/professional students are only eligible for unsubsidized student loans after July 1, 2012.
Dependent students whose parents cannot obtain a PLUS Loan may qualify for the following annual amounts through the Unsubsidized Direct Loan Program:
- $9,500 if you are a first-year student enrolled in a program of at least a full academic year (no more than $3,500 of this amount may be in subsidized loans)
- $10,500 if you have completed your first year of study and the remainder of your program is at least a full academic year (no more than $4,500 of this amount may be in subsidized loans)
- $12,500 if you have completed two years of study and the remainder of your program is at least a full academic year (no more than $5,500 of this amount may be in subsidized loans)
Students in the Physician Assistant program, Pharmacy students in the required summer session for P-3 (rotations), and Occupational/Physical Therapy students are automatically awarded and not required to file the Summer Supplement form for Borrower-Based Academic Year (BBAY) loan eligibility. In addition, students with unusual circumstances can request BBAY award consideration on a case-by-case basis.
To determine your loan eligibility at ISU, you must complete the Free Application for Federal Student Aid (FAFSA).
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Loan repayment
Students at ISU can also set up automatic electronic payments, which may help reduce the interest rate of their loan. Additionally, students can consider refinancing their existing student loans through the ISU Credit Union, which works with ISL Education Lending to offer private loans.
For students at Illinois State University, there is a grace period of six months after graduating or stopping attendance at half-time before loan repayment must begin. The loan servicer will notify students when their first payment is due. To determine the loan servicer, students can log on to studentaid.gov.
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Frequently asked questions
Students at Idaho State University can pay their fees online through MyISU, which is available 24 hours a day. Alternatively, fees may be paid by bank wire transfer, with a check or money order, or with a credit card (VISA, MasterCard, American Express, Diner's Club or Discover).
Delinquent loan payments can fall into default status after 270 days. The financial consequences of default are severe, and borrowers may also lose eligibility for student aid.
You may be able to reduce the interest rate of your loan by setting up automatic electronic payments. You can also reduce or cancel your loan within 30 days of receiving notification that the loan has been applied to your account.
Yes, the ISU Federal Credit Union offers four $5,000 tuition scholarships and four $500 book scholarships annually to members who are enrolled full-time in an undergraduate degree program at either Indiana State University or Saint Mary-of-the-Woods College.
