Payment Plan & Educational Loan Options

The Pomona College Monthly Payment Plan

The Pomona College Monthly Payment Plan allows families to make their annual payments to the College in eight installments. The Student Accounts Office outlines the terms of the Plan in the Pomona College Tuition Payment Agreement.

Student and Parent Loans

While students are not expected to borrow educational loans to pay for school related expenses, they can be a useful resource for students and their parents to finance a portion of the family contribution. There are several educational loan options, and we encourage families to evaluate all options before borrowing. We welcome students and parents to discuss their options with our office when considering educational loans. 

Federal Student Loan Options

Federal Direct Loan: The Department of Education provides educational loan funding directly to students to assist with educational expenses. Eligible students may access subsidized Federal Direct Student Loans. Interest is not charged while a student is in school at least half-time, during the grace period, or during deferment periods for a subsidized loan. Unsubsidized Federal Direct Students Loans have interest added to the amount borrowed while in school, during the grace period before repayment begins and in periods of deferment. All Direct Student Loan requests are reviewed and a subsidized loan will be provided prior to awarding a student an unsubsidized loan. There is also a one-time fee charged to originate the loan. Find additional information about Federal Direct Student Loans.

Federal Direct Student Loan Request Form

Parent Loan Options

Federal Direct PLUS Loan: The Department of Education provides educational loan funding directly to parents of eligible students to assist with school related expenses. The Federal Direct PLUS Loan is an unsubsidized loan. Interest is charged once loan funds are disbursed to the school. There is also a one-time fee charged to originate the loan. Find additional information about Federal Direct PLUS loans.

To request a Parent PLUS Loan, complete the following steps:

1. Parent logs into Studentaid.gov using their FSA ID and:
   1. Completes the Direct PLUS Loan Application for Parents
   2. Completes the PLUS MPN for Parents

Federal Direct Parent PLUS Loan Request Form

Repaying Federal Direct Student Loans

Federal student loans are funds that must be repaid to the federal government after the student graduates or leaves school. Any federal student loans that are not in deferment or forbearance must be repaid.

There are several options available for repayment of federal student loans. Student loan borrowers should review the information on studentaid.gov about the available repayment options before they go into repayment to find the repayment plan that best suits your financial needs.

Borrowers should also log into studentaid.gov using their StudentAid.gov username and password to update their borrower profile with their current contact information and to make sure that their student loans are in good standing.

On-time repayment of student loans is very important. It is a good way to develop a good credit history. Delinquent payments can be reported to a national credit agency and may damage your credit history. Your federal student loan servicer can provide you with options if you are having difficulty making payments, for more information please visit studentaid.gov.

Private/Alternative Loans for Parents or Students

Pomona College does not have a list of preferred private lenders. FASTChoice lists all of the private loan providers that have made loans to Pomona students in the past five years. Please read Pomona College's policy regarding institutional and personal relationships with student loan providers.