Payments

Unless there is a prior billing arrangement with the student's host institution, IAU will send an invoice to the student's permanent address. If payment is not received by the due date indicated on the student invoice, a $150 late fee will be applied to the student’s account. The Institute will not allow students to register for classes if their accounts show outstanding balances not related to documented financial aid disbursements and reserves the right to prevent students from sitting for final exams if their invoices are not paid in full.

IAU accepts credit cards (MasterCard, American Express, and Discover), personal checks, or money orders as means of payment.

Students on Financial Aid

Students who expect to receive financial aid disbursements to help pay for some or all of their program fees should notify the IAU Admissions Office immediately and must have their Financial Aid Advisor forward a copy of their financial aid package.

Checks

When paying by check, please send payment to:

Institute for American Universities
PO Box 66973141
Chicago, IL 60666-0973

Checks must be clearly marked with the student's name and IAU program listed in the memo section of the check. A $35 fee will be added to invoices if a check is returned due to insufficient funds.

Credit cards

If paying by credit card and charging over $1,000, IAU will add a convenience fee equal to 2% of the amount being charged. To avoid paying this fee, pay by check or money order. Note that any refunds of previous payments made using a credit card will also incur the 2% convenience fee unless the refund is made by check.

If paying by credit card, please complete IAU's electronic credit card authorization form.

Payment Plans

IAU provides an option of making automatic monthly tuition payments through Sallie Mae’s TuitionPay Plan to students who pay IAU directly. (Students who submit payment for the program to their home institution are not eligible). Students are able to spread their payments over a period of months, interest free. Sallie Mae TuitionPay Consultants can help determine the lowest-cost payment strategy. If interested, please register on their website or call them at 800-635-0120.