Student Tuition Payment Initiatives
In addition to the current existing student tuition installment plan, The American University in Cairo (AUC) is introducing two new payment initiatives to assist students and parents in ful lling their education nancing obligations. The new payment plans will be implemented as of Fall 2018, and comprise an early payment incentive and a student tuition loan plan. Following is a list of the current tuition nancing options available to you at AUC.
Early Payment Incentive Plan
As an incentive for early payment, a 2 percent reduction in tuition fees per semester is granted to returning students for tuition fees paid in full, 60 calendar days in advance from the starting date of classes.
Student Tuition Loans
Schedule B (as shown below) contains a list of local banks offering tuition loans to parents and graduate students, to supplement the funding of their AUC education. The loan proceeds are provided to the University at the beginning of the semester or academic year, providing full coverage of tuition fees. The University’s involvement in the loan process is limited to communicating necessary information to students and parents and sharing the bank’s various proposals and incentives. The loan arrangement itself would be directly between the bank and the parent or graduate student. An information session held on campus for parents and students in late March 2018 with host banks, will share relevant information and respond to inquiries about the available student tuition loan plans.
Tuition Installment Plan
The current tuition installment plan offered by the University will continue, with the rst installment due at the beginning of the semester as usual. The remainder of the tuition is required within the following two months, paid at once or over two consecutive installments.
Tuition Payment Methods
Schedule A (as shown below) comprises the alternative student tuition payment methods. Online and electronic payments are encouraged due to ease of payment and reduced processing times.