Financing Options

Income Share Agreements (ABSN Students only)

An Income Share Agreement, or ISA, provides an alternative funding option to supplement student’s financial aid and federal loans. ISAs provide funding for certified tuition and fees in exchange for a student’s promise to pay a fixed percentage of his or her future income for 5 years following graduation.

Stride Funding provides ISA funding options to students enrolled in eligible programs at Felician, who are achieving a 3.0+ GPA and are in the final two-years of their degree program. With an ISA from Stride Funding, you do not need a cosigner or current income, as they look at where you’re going (future income), not where you’ve been. All Stride students automatically become a member of the Stride Community, giving you access to career support (e.g., monthly content, exam prep, interview guidance) and a broader community of peers who can support you as you begin your professional journey. If interested in learning more and getting a quote, you can visit them here.
For questions contact

Stride Student Success Team:
support@stridefunding.com | (214) 775-9960

Olga Velasquez
Associate Director of Graduate & ABSN Enrollment at velasquezo@felician.edu | (201) 355-1449

Interest-Free Monthly Payment Plan
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The University offers payment plan options that are simple, inexpensive, and convenient. Depending on when you sign up for the plan, you can place your semester balance into a 6, 5, 4, or 3-month plan for the Fall and Spring semesters. For the winter session, you can combine your winter and spring balance into one plan which would follow the spring payment plan schedule. We also offer 2 and 3-month plan options during the Summer semester.  This interest-free plan does not require a credit review. You may view and sign up for the payment plans at our new Felician Payment Center, located under MyFelician https://felician.edu/my-felician/. *ABSN excluded.

To view the payment plan schedule, please visit: https://felician.edu/admissions/student-financial-services/dates-and-deadlines/

For more information on our Payment Plan contact studentaccounts@felician.edu or (201) 559-6045.

Federal Direct PLUS Loan (PARENT)
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This federal loan may appear on your Award Letter as Payment Option (10 years). The monthly amount that is calculated is an estimate. Parents of undergraduate dependent students may borrow loan funds based on credit approval to help cover the cost of attending. The parent borrower must be a U.S. citizen or permanent resident. This loan is under the parent’s name. It is payable over 10 years and carries a fixed interest rate set by the federal government, not to exceed 9% with approximately a 4% processing fee. Payments begin 60 days after the second disbursement, typically April if student entered in September in the standard repayment option. Students whose parents are denied a PLUS loan may be eligible for additional unsubsidized loan funding up to $4,000-$5,000 annually.

How to Apply: Apply online at www.studentaid.gov by selecting “Loans and Grants”, and then “PLUS Loans: Grad PLUS and Parent PLUS ” to secure your credit decision. If approved, complete a Parent PLUS Loan Master Promissory Note at www.studentaid.gov.

Alternative Educational Loans (STUDENT)
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This is a private loan in the student’s name from a financial institution (bank or credit union, etc.) Alternative loans usually require a credit-worthy co-signer. Interest rates are variable and generally the interest begins to accrue from the date of the disbursement. Repayment begins after the student graduates or ceases to enroll – however, you may be expected to make interest only payments while in school. They are not guaranteed by the federal government and should only be considered after all resources available from the federal, state and institutional grant and loan programs have been exhausted. The terms and conditions of these loans will vary and students have the right to select the alternative loan of their choice.