Furman University Monthly Payment Plan Worksheet

Use this simple worksheet if you need help determining your total MPP Amount.

  1. Estimate the total annual charges for the 2008-2009 academic year.

    a) Full-year tuition $34,048
    b) Fees $540
    c) Room and Board $8,528
    Total Estimated Charges $43,116
  2. Estimate the funds that will be available to pay the bill.

    a) Scholarships/grants $_____________
    b) Loans $_____________
    (deduct 3% if your Stafford Loan is not SCSL*)
    c) Any deposits/payments paid to Furman $_____________

    Total Estimated Resources     		$_____________
    (Do not include federal work-study)

    * SC Student Loan (SCSL) does not charge a fee

  3. Total MPP Amount
    (Subtract the Total Estimated Charges from Total Estimated Resources)
      $_____________

  4. Your monthly payment will equal the Total MPP Amount divided by 10 (example: $10,000 divided by 10 = $1,000).

    $_____________ divided by 10 = $_____________
    Total MPP Amount   Your monthly payment

Applications will not be accepted without the application fee and all back payments due-please refer to the chart below.

If application is received by ECSI Payments Include: Next Payment due
Before May 1 $75 application fee May 1
After May 1 $75 application fee and
May 1 Payment 		June 1
After June 1 $75 application fee and
May 1 and June 1 Payments 		July 1
After July 1 $75 application fee and
May 1, June 1, and July 1 Payments 		August 1