Financial Clearance Policy
- You can enroll and attend classes at Oakwood University when at least 70% of your bill has been paid or covered by Oakwood University approved financial aid, scholarships or other funds.
- You will be financially cleared when a minimum of 70% is met and you have enrolled in a payment plan for the remaining balance with one of the approved plan providers below:
Payment Plan Option 1
Complete an Installment Plan Contract for the remaining balance of tuition and fees with Tuition Management Systems (TMS). Payment plans may be set up by visiting http://oakwood.afford.com
or calling 1-800-722-4867, Monday-Friday, 7 AM-9 PM Central.
Payment Plan Option 2
Complete an Installment Plan Contract for the remaining balance of tuition and fees with SallieMae (AMS). Payment plans may be set up by visiting https://tuitionpay.salliemae.com
You are required to complete a payment plan agreement for Fall semester by August 31st and Spring semester by January 31st or Oakwood University will automatically enroll you in a payment plan administered by Tuition Management Systems (TMS). A payment plan/debt servicing fee will be charged to all students whose balance is not paid in entirety (includes pending financial aid) by the last day to financially clear.
Past due balances are not eligible for deferment and must be paid in full. The Monthly Payment Plan Contract is calculated AFTER financial aid and third party sponsorships are deducted with a non-refundable Payment Plan Assessment fee.
Review your bill and pay online
. ID and password is required.
Select Student, Student Accounts, Course and Fee Statement; View my Course and Fee Statement. Payments can also be made by using Student Accounts Automated Telephone Attendant at (256) 726-7791 or call the cashier directly at (256) 726-8429.
Students who enroll at Oakwood University and reside in Oakwood University designated housing could receive up to a 3% discount on tuition and fees. The estimated cash value of this discount could add up to $250.00 each semester. ***Subject to change***
A refund of your payment plan fee can be rebated to you if you make all payments every month on time. ***Subject to change***