Fee Loans
A fee loan is a campus-based loan secured by a promissory note to assist students in paying for current semester fees. These loans require at least a 25% down payment and are interest free for approximately 70 days.
- Availability: Each semester, beginning on the first day of in-person registration through the tenth day of classes.
- Covers: Current tuition, required class fees, student health insurance, malpractice insurance.
- Excludes: Late fees, previous debts, housing costs, computer fees, application fees, application late fees.
- Process: The student completes a promissory note and obtains approval from authorized Fee Loan personnel. The fee loan is then applied toward tuition and fees with the cashier.
- Requirements: All previous debts at Idaho State University must be paid in full.
- Students who qualify for faculty, staff, and senior citizen reduced fees are ineligible for the Fee Loan program.
Down Payment Requirements
Borrowers with No Adverse Credit History
- 25% minimum down payment
- $10 processing fee added to loan
- Payoff by interest free due date
Borrowers with Late Payment History
- 40% minimum down payment
- $10 processing fee added to loan
- Payoff by interest free due date
Borrowers with Financial Aid Approved but not yet Available
- Request a "Reduction in Fees" waiver from the Office of Financial Aid
- Waiver is for 25% of Tuition and Fees (Borrower must pay 15% if required to pay 40% down payment)
- Waiver not valid for borrower coded Cash Only
Borrowers with Financial Aid/Scholarship that does not Cover Fees
- All available financial aid used as down payment
- $10 processing fee added to loan
- Payoff by interest free due date
Monthly, Semi-Monthly, or Bi-Weekly payments are strongly encouraged.
Credit Cards can be used for the 25% or 40% down payment.
Other Fee Loan Information
Fee Loan Interest-Free Due Dates
- Fall Semester - November 1
- Spring Semester - April 1
- Summer Session - July 25
Consequences of Late Payment of Your Fee Loan
- Interest at 12% per annum begins accruing 1 day after the interest-free due date
- Future fee loans will require a 40% down payment
- Pre-registration for future semesters will be blocked until fee loans outstanding are paid in full
Finance and Administration reserves the right to deny Fee Loans or increase the down payment requirement based on previous credit history at ISU, dishonored (non-bank error) down payment checks, bankruptcy, or collection history.
Due to the INTEREST-FREE nature of our Fee Loans, ISU WILL NOT accept payment on the Fee Loan by credit card. Cash, personal checks, money orders, or cashier's checks are accepted.