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Announcements
FINANCIAL CLEARANCE
Oakwood University requires payment in full (100% of tuition and related fees) on or before the first day of the current semester. The estimated bill will be calculated at 100% of tuition and fees and automated financial clearance will occur at the 100% mark. For Financial Clearance purposes Oakwood University will accept the payment of 70% of tuition and fees as a deposit with a mandatory payment plan to ensure 100% of the balance is paid before the end of the semester and before the end of the fiscal year (June 30th of each year).
Oakwood University offers two Installment Payment programs, available online, in which students can defer payment of a portion (remaining 30%) of their tuition and fees to be paid in monthly installments during the course of the semester. Past due balances are not eligible for deferment and must be paid in full. The Installment Plan Contract is calculated AFTER financial aid and third party sponsorships are deducted with a non-refundable Installment Plan fee.
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 .
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Review your bill and pay online at https://my.oakwood.edu/ics . ID and password is required. 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 for Fall ‘2013, and Spring ‘2014 could receive up to a 5% discount on tuition and fees if they reside in Oakwood University designated housing. The estimated cash value of this discount could add up to $400.00 each semester. ***Fall ‘2013 and Spring ‘2014 only***
A refund of your payment plan fee ($47.00) can be rebated to you if you make all payments every month on time. ***Fall ‘2013 semester only***
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