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 fullfiling their education financing 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 financing 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 first 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. Cash payments are not accepted at the CIB AUC bank branch, however the following tuition payment methods are provided. Online and electronic payments are encouraged due to ease of payment and reduced processing time. In addition, cash payments are accepted at any CIB branch other than AUC New Cairo branch.
Schedule A: Available Student Tuition Payment Methods
|Cash payment||Payment at any CIB branch in Egypt except AUC New Campus branch|
|Bank drafts or certified check||Payment at student service cashier (SSC), or AUC Main Campus (Tahrir square)|
|Online payment||AUC accepts Visa, MasterCard and Discover|
|Bank transfer||Transfer payment to AUC following the instructions of CIB|
|CIB, AUC branch Master Card payment-credit or debit card||
Tuition fees in Egyptian pounds will be accepted from holders of MasterCard(only) credit or debit cards issued by any local bank operating in Egypt
|New York Office payment||Tuition payment in US dollars can be made through the New York Office Via: Certified/cashier's check, Money order, Bank transfer|