![]() |
Admission Financing Options
Financing Options
The following options are available for families who do not qualify for
direct aid and those who may prefer long-term loans or a payment plan for their
tuition balance once financial aid has been applied. A family makes an
application directly with the servicing companies, who then work closely with
our accounting department.
This information will be sent along with the
offer of admission on March 10.
Payment Plans
Payment plans exist through TuitionPay that allow a family to spread the payment
of educational costs, interest-free, over ten installments beginning May 1. This plan requires a nonrefundable fee of $40 and offers free life insurance to guarantee payment of tuition.
Loan Plans
Loan plans, offered through Key
Education Resources and Sallie Mae K-12 Family Education can provide credit-worthy families a flexible repayment term of up to 20 years
to finance one to four years of education at a low, variable interest rate. The
Key Achiever loan plan has a two percent loan fee, no application fee, and
optional life and disability insurance. The Sallie Mae K-12 Family Education loan offers an interest rate that can be as low as Prime +1 with fees as low as two percent, based on the borrower's credit.
Need-Based Financial Aid
Any family who feels unable to afford the full cost of tuition is encouraged to
apply for financial aid or discuss financing options with an aid officer. Over
40 percent of the students at NMH receive aid totaling more than $5.2 million in
grants and $200,000 in long-term, low-interest loans.
For
more Information, click here.
Top of Page
|
|
![]()
|
