Planning is key to financing your education. To assist our students, we offer several options to pay for tuition:
Also, don't forget that certain tax credits may be available to students.
Contact our Bursar at 1.888.254.4238 ext. 708 or
to learn more about the options available to pay for your education.
Scholarships, Grants and Other Free Sources
While CDU does not offer scholarships at this time, students are encouraged to research other sources to help pay for a degree. Many companies have tuition reimbursement programs to assist employees and their families. A growing number of Catholic parishes and dioceses offer tuition assistance to adults studying at CDU. To serve current military personnel, families, and veterans, CDU participates in tuition assistance for all U.S. military services. (In most cases, the military reimburses 100% tuition up to a maximum of $250 per credit and $4,500 per year.)
Here are a few suggestions to learn more about possible options for financing your education:
Sallie Mae Private Loans
While it is wise to borrow only when necessary, a loan from a private lender may be the best answer when searching for ways to finance your education. CDU's status as a Title IV school allows graduate and undergraduate program students to borrow at very competitive interest rates. Sallie Mae's online application is quick and easy; many students receive loans within a few days.
Log on to www.SallieMae.com/student-loans to learn more about the Signature Student Loan and to start the application process. After completing the online application, Sallie Mae will process your loan, obtain school certification, and distribute loan proceeds to the financial aid office. Applications can also be requested by phone.
Tax Credits for Students
The Secretary of Education has determined that Catholic Distance University is an eligible institution under The Higher Education Act of 1965. This recognition allows students to consider deferment of certain federal student loans and possible tax credits for tuition payments. These tax credits can provide dollar-to-dollar reductions in your final tax liability.
- The Lifetime Learning Credit is a nonrefundable tax credit equal to 20% of a family’s first $10,000 of qualified education expenses for post secondary education and training (subject to IRS phase-out limitations). This includes tuition and required enrollment fees as well as course-related books, supplies, and equipment if paid to CDU as a condition of your enrollment. All continuing education, graduate and undergraduate courses offered by CDU fulfill criteria for the Lifetime Learning Credit. Please consult your tax advisor for your eligibility to claim the credit.
- The American Opportunity Credit is a refundable tax credit available for taxable years beginning in 2009 – 2017. There is a maximum credit of $2,500 per student. The credit is computed at 100% of the first $2,000 of qualified expenses and 25% of the next $2,000 of qualified expenses (subject to IRS phase out limitations). Qualified expenses include tuition and required enrollment fees and course-related books, supplies, and equipment for the first four years of undergraduate (postsecondary) education. Please consult your tax advisor for your eligibility to claim this credit.
- Status as a Title IV school also offers some students the option to defer federal education loan payments. A deferment is a period of time during which no payments are required and interest may not accrue. Students who are at least half-time (as defined by the U.S. Department of Education) are eligible to apply for deferments. Requests for deferments must be certified by CDU and approved by the lender.
Students are encouraged to visit the IRS web site at http://www.irs.gov and talk to their accountant to learn more about possible tax credits.
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.
As a Title IV eligible institution, CDU is able to accept funds from 529 plans. If you run into difficulty using your 529 funds to pay for your CDU education, please contact the Bursar's Office (
) for help.