Make a Loan Payment

Each year, approximately 30% of the SFS student body is assisted with loans from the Merck Family Student Revolving Loan Fund. The availability of loan monies is contingent upon the timely repayment of loans by previous borrowers to provide funding for new loan recipients. The repayment period for each loan is stipulated in the Loan Agreement at the time the loan is made. Students are responsible for making monthly payments on their loans starting the month after their SFS programs are completed.

Any loan for which payment is late by one month or more will be considered in default. Grades will be withheld from any student considered to be in default and the student’s co-signer will be expected to assume payment. SFS charges interest on overdue loan balances at the rate of 15% per year, compounded monthly.

No grades will be awarded, nor transcripts issued, until all outstanding tuition monies are paid in full. All outstanding balances must be settled prior to receiving credit for your semester. If your balance is not cleared, your grades will be submitted to U of M as incomplete. Your official transcript will indicate an incomplete (I) grade status. Transcripts will be issued six to eight weeks following the end of the session. Corrected grades will be sent to U of M, or your SFS transcript will be released when your account is settled. All incomplete grades are converted to failing grades within 12 months of program end if full payment has not been submitted.

No grades will be awarded, nor transcripts issued, until all outstanding tuition monies are paid in full. All outstanding balances must be settled prior to receiving credit for your semester. If your balance is not cleared, your grades will be submitted to U of M as incomplete. Your official transcript will indicate an incomplete (I) grade status. Transcripts will be issued six to eight weeks following the end of the session. Corrected grades will be sent to U of M, or your SFS transcript will be released when your account is settled. All incomplete grades are converted to failing grades within 12 months of program end if full payment has not been submitted.