If financial aid doesn’t cover the whole cost of attendance, you have additional options to manage your family’s contribution and bring a Stevens education within reach. Like any major investment, you can finance a Stevens education over time with payment plans or by borrowing private loans, if necessary.

Payment Plans

With our interest-free installment payment plans, you can make smaller, more affordable payments instead of paying your Stevens bill in one large lump sum.

What Payment Plans Does Stevens Offer to Undergraduate Students?

  • TMS Plans: We partner with Tuition Management Systems (TMS) to offer an interest-free payment plan with a nominal enrollment fee. Enrollment deadlines apply, so contact TMS for specifics at 888-356-0350 or enroll online at. TMS payment plans for our students offer five installments, due on the following timelines for each semester:
    • Fall semester payments are due in July, August, September, October and November
    • Spring semester payments are due in December, January, February, March and April
    • Summer term payments start in May and end in August

Private Loans

We strongly recommend that all eligible students apply for federal financial aid and plan to use all offered federal grants and loans before you decide to borrow private student loans. The best time to decide whether to apply for private loans is after you have been accepted to Stevens, applied for aid and received your aid letter from our financial aid office.

What are the Differences Between Federal and Private Loans?

  • Federal loans are easy to qualify for and do not require repayment while you are in school. If you are a student, private loans usually require you to have a co-signer with a credit history, such as a parent or guardian and may require repayment while you are in school.
  • If you are a parent, some lenders only loan to students and require you to be a co-signer.
  • Private loans require extensive credit checks.
  • As a result if the required credit check on private student loans, federal loan interest rates might be lower than rates you'll find on private student loans. If you have financial need, a portion of your federal loan may be subsidized and interest will not accrue if you are attending school half-time or more.
  • Federal loans offer various repayment options and provide deferment and forbearance options. Private loans may offer some flexibility but are usually less accommodating.
  • Private loans can by used to pay a prior balance. Federal loans do not allow this.

How Do I Find and Apply for a Private Student Loan?

  1. Know your cost of attendance and subtract any financial aid you have already received. Any private loans you apply for cannot exceed this amount.
  2. Visit the Historical Lender List to compare rates, terms, and repayment plans. These are lenders that Stevens students have used in the past. You can borrow from lenders not on this list as well. Stevens Institute of Technology and its staff members do not endorse these lenders or receive any compensation from the lenders on our list.
  3. Complete the lender’s application and self-certification form online at the lender’s website, along with any other of the lender’s requirements.
  4. When your loan is approved, the lender will notify Stevens and we will credit your bill with the loan amount.

Are Private Loans Available for International Students?

Most federal and private lenders require you to be a U.S. citizen or permanent resident, but some options do exist for international students.

*If you plan to cancel or reduce a private loan that has been certified by Stevens you must inform the Office of Financial Aid immidiately.

Who Can I Contact for More Help?

We want to do all that we can to make Stevens as affordable as possible. We’re here to help answer your questions about covering your contribution and making the best decision for your situation. Several offices are here to assist you:

The Office of Financial Aid is available to meet with you for financial aid counseling during regular business hours; no appointment is necessary. Please let us know if you require an appointment outside of these hours and we will work with you to meet at a more convenient time.

The Office of Financial Aid
Student Service Center, Howe Center Lobby
1 Castle Point Terrace
Hoboken NJ 07030
p. 201.216.3400 
e. [email protected]

Additionally, the Office of Student Accounts exists to provide you with a high level of customer service when it comes to paying your Stevens bill and can assist you and your with questions regarding payment plans, e-billing, payment methods, refunds and all student-related account information.

Office of Student Accounts
Student Service Center, Howe Center Lobby
1 Castle Point Terrace
Hoboken NJ 07030
p. 201.216.3500
e. [email protected]