INTERNATIONAL THEOLOGICAL UNIVERSITY
Send Your Completed Request to:
International Theological University
P.O. Box 70018
Pasadena, CA 91117-7018
Tuition Payment Plan Request
Agreement and Terms for Payment Plans
Students who need payment plans may request up to twenty-four monthly installments to pay their tuition.
· Students must make a 10% Down Payment on Tuition
· The Down Payment must be made within thirty days after acceptance by the University.
· The Balance of Tuition may be paid in up to twenty-four payments.
§ Students may payoff the entire balance, without penalty, at any time
§ Payment Schedules will be recalculated if students make a larger down payment or if a greater than required payment is made
· Payments must be made on time. Postmarks will be used to determine payment dates.
· Tuition payment plans will increase total tuition due by 18%.
· Late payments will be charged a 5% penalty on the late payment.
· Degrees and Transcripts will not be issued until all tuition is paid in full.
· No portion of paid tuition will be refunded.
· A delinquent tuition account is grounds for expulsion from the University.
Total Tuition Due _________________________________
Amount of Down Payment __________________________
Tuition Balance After Down Payment ________________
I hereby request a tuition payment
plan of ________ equal payments under the above terms.
I understand that no portion of paid tuition is refundable to me and that
failure to make any or all payments may be considered a Default.
Default may cause the University to refuse to award my Degree(s) and
could provide grounds for expulsion from the University.
I have read and understood all of the information provided on International Theological University’s Web pages at http://www.education-1.net and http://www.education-1.net/frequentlyaskedquestions.htm
Signature (by hand): _______________________________________ Date: _____________
Please Type or Print Clearly
Name: _____________________________________________________________
Address: ___________________________________________________________
City, State Zip Code: _________________________________________________
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E-Mail Address: ____________________________________________________
End Request
Sample Payment Schedules
Sample Payment Schedule After 10% Down Payment
24 Monthly Payments
Loan Amortization Schedule - Loan Amortized at 18%
Opening Balance 2,250.00 After a $250.00 Down Payment
Date # Payment Principle Interest Balance
8/1/2005 1 112.33 78.58 33.75 2,171.42
9/1/2005 2 112.33 79.76 32.57 2,091.66
10/1/2005 3 112.33 80.96 31.37 2,010.70
11/1/2005 4 112.33 82.17 30.16 1,928.53
12/1/2005 5 112.33 83.40 28.93 1,845.13
1/1/2006 6 112.33 84.65 27.68 1,760.48
2/1/2006 7 112.33 85.92 26.41 1,674.56
3/1/2006 8 112.33 87.21 25.12 1,587.35
4/1/2006 9 112.33 88.52 23.81 1,498.83
5/1/2006 10 112.33 89.85 22.48 1,408.98
6/1/2006 11 112.33 91.20 21.13 1,317.78
7/1/2006 12 112.33 92.56 19.77 1,225.22
8/1/2006 13 112.33 93.95 18.38 1,131.27
9/1/2006 14 112.33 95.36 16.97 1,035.91
10/1/2006 15 112.33 96.79 15.54 939.12
11/1/2006 16 112.33 98.24 14.09 840.88
12/1/2006 17 112.33 99.72 12.61 741.16
1/1/2007 18 112.33 101.21 11.12 639.95
2/1/2007 19 112.33 102.73 9.60 537.22
3/1/2007 20 112.33 104.27 8.06 432.95
4/1/2007 21 112.33 105.84 6.49 327.11
5/1/2007 22 112.33 107.42 4.91 219.69
6/1/2007 23 112.33 109.03 3.30 110.66
7/1/2007 24 112.32 110.66 1.66 0.00
GRAND TOTAL 2,695.91 2,250.00 445.91 0.00
Sample Payment Schedule After 10% Down Payment
24 Monthly Payments
Loan Amortization Schedule - Loan Amortized at 18%
Opening Balance 3,150.00 After a $350.00 Down Payment
Date # Payment Principle Interest Balance
8/1/2005 1 157.26 110.01 47.25 3,039.99
9/1/2005 2 157.26 111.66 45.60 2,928.33
10/1/2005 3 157.26 113.34 43.92 2,814.99
11/1/2005 4 157.26 115.04 42.22 2,699.95
12/1/2005 5 157.26 116.76 40.50 2,583.19
1/1/2006 6 157.26 118.51 38.75 2,464.68
2/1/2006 7 157.26 120.29 36.97 2,344.39
3/1/2006 8 157.26 122.09 35.17 2,222.30
4/1/2006 9 157.26 123.93 33.33 2,098.37
5/1/2006 10 157.26 125.78 31.48 1,972.59
6/1/2006 11 157.26 127.67 29.59 1,844.92
7/1/2006 12 157.26 129.59 27.67 1,715.33
8/1/2006 13 157.26 131.53 25.73 1,583.80
9/1/2006 14 157.26 133.50 23.76 1,450.30
10/1/2006 15 157.26 135.51 21.75 1,314.79
11/1/2006 16 157.26 137.54 19.72 1,177.25
12/1/2006 17 157.26 139.60 17.66 1,037.65
1/1/2007 18 157.26 141.70 15.56 895.95
2/1/2007 19 157.26 143.82 13.44 752.13
3/1/2007 20 157.26 145.98 11.28 606.15
4/1/2007 21 157.26 148.17 9.09 457.98
5/1/2007 22 157.26 150.39 6.87 307.59
6/1/2007 23 157.26 152.65 4.61 154.94
7/1/2007 24 157.26 154.94 2.32 0.00
GRAND TOTAL 3,774.24 3,150.00 624.24 0.00
Sample Payment Schedule After 10% Down Payment
12 Monthly Payments
$4,000.00 less $400.00 Down Payment
Loan Amortization Schedule - Loan Amortized at 18% Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 3,600.00
6/1/2005 1 330.05 276.05 54.00 3,323.95 7/1/2005 2 330.05 280.19 49.86 3,043.76 8/1/2005 3 330.05 284.39 45.66 2,759.37 9/1/2005 4 330.05 288.66 41.39 2,470.71 10/1/2005 5 330.05 292.99 37.06 2,177.72 11/1/2005 6 330.05 297.38 32.67 1,880.34 12/1/2005 7 330.05 301.84 28.21 1,578.50 1/1/2006 8 330.05 306.37 23.68 1,272.13 2/1/2006 9 330.05 310.97 19.08 961.16 3/1/2006 10 330.05 315.63 14.42 645.53 4/1/2006 11 330.05 320.37 9.68 325.16 5/1/2006 12 330.04 325.16 4.88 0.00
GRAND TOTAL 3,960.59 3,600.00 360.59 0.00
Monthly Payment Amount for 24 months is about: $180.00
Sample Payment Schedule After 10% Down Payment
24 Monthly Payments
$4,000.00 less $400.00 Down Payment
Loan Amortization Schedule - Loan Amortized at 18% Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 3,600.00
6/15/2005 1 179.73 125.73 54.00 3,474.27 7/15/2005 2 179.73 127.62 52.11 3,346.65 8/15/2005 3 179.73 129.53 50.20 3,217.12 9/15/2005 4 179.73 131.47 48.26 3,085.65 10/15/2005 5 179.73 133.45 46.28 2,952.20 11/15/2005 6 179.73 135.45 44.28 2,816.75 12/15/2005 7 179.73 137.48 42.25 2,679.27 1/15/2006 8 179.73 139.54 40.19 2,539.73 2/15/2006 9 179.73 141.63 38.10 2,398.10 3/15/2006 10 179.73 143.76 35.97 2,254.34 4/15/2006 11 179.73 145.91 33.82 2,108.43 5/15/2006 12 179.73 148.10 31.63 1,960.33 6/15/2006 13 179.73 150.33 29.40 1,810.00 7/15/2006 14 179.73 152.58 27.15 1,657.42 8/15/2006 15 179.73 154.87 24.86 1,502.55 9/15/2006 16 179.73 157.19 22.54 1,345.36 10/15/2006 17 179.73 159.55 20.18 1,185.81 11/15/2006 18 179.73 161.94 17.79 1,023.87 12/15/2006 19 179.73 164.37 15.36 859.50 1/15/2007 20 179.73 166.84 12.89 692.66 2/15/2007 21 179.73 169.34 10.39 523.32 3/15/2007 22 179.73 171.88 7.85 351.44 4/15/2007 23 179.73 174.46 5.27 176.98 5/15/2007 24 179.63 176.98 2.65 0.00
GRAND TOTAL 4,313.42 3,600.00 713.42 0.00
Sample Payment Schedule After 10% Down Payment
12 Monthly Payments
$5,000.00 less $500.00 Down Payment
Loan Amortization Schedule - Loan Amortized at 18% Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 4,500.00
6/1/2005 1 412.56 345.06 67.50 4,154.94 7/1/2005 2 412.56 350.24 62.32 3,804.70 8/1/2005 3 412.56 355.49 57.07 3,449.21 9/1/2005 4 412.56 360.82 51.74 3,088.39 10/1/2005 5 412.56 366.23 46.33 2,722.16 11/1/2005 6 412.56 371.73 40.83 2,350.43 12/1/2005 7 412.56 377.30 35.26 1,973.13 1/1/2006 8 412.56 382.96 29.60 1,590.17 2/1/2006 9 412.56 388.71 23.85 1,201.46 3/1/2006 10 412.56 394.54 18.02 806.92 4/1/2006 11 412.56 400.46 12.10 406.46 5/1/2006 12 412.56 406.46 6.10 0.00
GRAND TOTAL 4,950.72 4,500.00 450.72 0.00
Monthly Payment Amount for 24 months is about: $225.00
Sample Payment Schedule After 10% Down Payment
24 Monthly Payments
$5,000.00 less $500.00 Down Payment
Loan Amortization Schedule Loan Amortized at 18%
Payment Payment Principal Date Number Amount Interest Balance
Opening Balance 4,500.00
6/15/2005 1 224.66 157.16 67.50 4,342.84 7/15/2005 2 224.66 159.52 65.14 4,183.32 8/15/2005 3 224.66 161.91 62.75 4,021.41 9/15/2005 4 224.66 164.34 60.32 3,857.07 10/15/2005 5 224.66 166.80 57.86 3,690.27 11/15/2005 6 224.66 169.31 55.35 3,520.96 12/15/2005 7 224.66 171.85 52.81 3,349.11 1/15/2006 8 224.66 174.42 50.24 3,174.69 2/15/2006 9 224.66 177.04 47.62 2,997.65 3/15/2006 10 224.66 179.70 44.96 2,817.95 4/15/2006 11 224.66 182.39 42.27 2,635.56 5/15/2006 12 224.66 185.13 39.53 2,450.43 6/15/2006 13 224.66 187.90 36.76 2,262.53 7/15/2006 14 224.66 190.72 33.94 2,071.81 8/15/2006 15 224.66 193.58 31.08 1,878.23 9/15/2006 16 224.66 196.49 28.17 1,681.74 10/15/2006 17 224.66 199.43 25.23 1,482.31 11/15/2006 18 224.66 202.43 22.23 1,279.88 12/15/2006 19 224.66 205.46 19.20 1,074.42 1/15/2007 20 224.66 208.54 16.12 865.88 2/15/2007 21 224.66 211.67 12.99 654.21 3/15/2007 22 224.66 214.85 9.81 439.36 4/15/2007 23 224.66 218.07 6.59 221.29 5/15/2007 24 224.61 221.29 3.32 0.00
GRAND TOTAL 5,391.79 4,500.00 891.79 0.00
Sample Payment Schedule After 10% Down Payment
12 Monthly Payments
$9,000.00 less $900.00 Down Payment
Loan Amortization Schedule - Loan Amortized at 18%
Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 8,100.00
6/1/2005 1 742.61 621.11 121.50 7,478.89 7/1/2005 2 742.61 630.43 112.18 6,848.46 8/1/2005 3 742.61 639.88 102.73 6,208.58 9/1/2005 4 742.61 649.48 93.13 5,559.10 10/1/2005 5 742.61 659.22 83.39 4,899.88 11/1/2005 6 742.61 669.11 73.50 4,230.77 12/1/2005 7 742.61 679.15 63.46 3,551.62 1/1/2006 8 742.61 689.34 53.27 2,862.28 2/1/2006 9 742.61 699.68 42.93 2,162.60 3/1/2006 10 742.61 710.17 32.44 1,452.43 4/1/2006 11 742.61 720.82 21.79 731.61 5/1/2006 12 742.58 731.61 10.97 0.00
GRAND TOTAL 8,911.29 8,100.00 811.29 0.00
Monthly Payment Amount for 24 months is about: $405.00
Sample Payment Schedule After 10% Down Payment
24 Monthly Payments
$9,000.00 less $900.00 Down Payment
Loan Amortization Schedule - Loan Amortized at 18% Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 8,100.00
6/15/2005 1 404.39 282.89 121.50 7,817.11 7/15/2005 2 404.39 287.13 117.26 7,529.98 8/15/2005 3 404.39 291.44 112.95 7,238.54 9/15/2005 4 404.39 295.81 108.58 6,942.73 10/15/2005 5 404.39 300.25 104.14 6,642.48 11/15/2005 6 404.39 304.75 99.64 6,337.73 12/15/2005 7 404.39 309.32 95.07 6,028.41 1/15/2006 8 404.39 313.96 90.43 5,714.45 2/15/2006 9 404.39 318.67 85.72 5,395.78 3/15/2006 10 404.39 323.45 80.94 5,072.33 4/15/2006 11 404.39 328.31 76.08 4,744.02 5/15/2006 12 404.39 333.23 71.16 4,410.79 6/15/2006 13 404.39 338.23 66.16 4,072.56 7/15/2006 14 404.39 343.30 61.09 3,729.26 8/15/2006 15 404.39 348.45 55.94 3,380.81 9/15/2006 16 404.39 353.68 50.71 3,027.13 10/15/2006 17 404.39 358.98 45.41 2,668.15 11/15/2006 18 404.39 364.37 40.02 2,303.78 12/15/2006 19 404.39 369.83 34.56 1,933.95 1/15/2007 20 404.39 375.38 29.01 1,558.57 2/15/2007 21 404.39 381.01 23.38 1,177.56 3/15/2007 22 404.39 386.73 17.66 790.83 4/15/2007 23 404.39 392.53 11.86 398.30 5/15/2007 24 404.27 398.30 5.97 0.00
GRAND TOTAL 9,705.24 8,100.00 1,605.24 0.00
Sample Payment Schedule After 10% Down Payment
12 Monthly Payments
$10,000.00 less $1,000.00 Down Payment
Loan Amortization Schedule Loan Amortized at 18%
Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 9,000.00
6/1/2005 1 825.12 690.12 135.00 8,309.88 7/1/2005 2 825.12 700.47 124.65 7,609.41 8/1/2005 3 825.12 710.98 114.14 6,898.43 9/1/2005 4 825.12 721.64 103.48 6,176.79 10/1/2005 5 825.12 732.47 92.65 5,444.32 11/1/2005 6 825.12 743.46 81.66 4,700.86 12/1/2005 7 825.12 754.61 70.51 3,946.25 1/1/2006 8 825.12 765.93 59.19 3,180.32 2/1/2006 9 825.12 777.42 47.70 2,402.90 3/1/2006 10 825.12 789.08 36.04 1,613.82 4/1/2006 11 825.12 800.91 24.21 812.91 5/1/2006 12 825.10 812.91 12.19 0.00
GRAND TOTAL 9,901.42 9,000.00 901.42 0.00
Monthly Payment Amount for 24 months is about: $450.00
Sample Payment Schedule After 10% Down Payment
24 Monthly Payments
$10,000.00 less $1,000.00 Down Payment
Loan Amortization Schedule - Loan Amortized at 18% Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 9,000.00
6/15/2005 1 449.32 314.32 135.00 8,685.68 7/15/2005 2 449.32 319.03 130.29 8,366.65 8/15/2005 3 449.32 323.82 125.50 8,042.83 9/15/2005 4 449.32 328.68 120.64 7,714.15 10/15/2005 5 449.32 333.61 115.71 7,380.54 11/15/2005 6 449.32 338.61 110.71 7,041.93 12/15/2005 7 449.32 343.69 105.63 6,698.24 1/15/2006 8 449.32 348.85 100.47 6,349.39 2/15/2006 9 449.32 354.08 95.24 5,995.31 3/15/2006 10 449.32 359.39 89.93 5,635.92 4/15/2006 11 449.32 364.78 84.54 5,271.14 5/15/2006 12 449.32 370.25 79.07 4,900.89 6/15/2006 13 449.32 375.81 73.51 4,525.08 7/15/2006 14 449.32 381.44 67.88 4,143.64 8/15/2006 15 449.32 387.17 62.15 3,756.47 9/15/2006 16 449.32 392.97 56.35 3,363.50 10/15/2006 17 449.32 398.87 50.45 2,964.63 11/15/2006 18 449.32 404.85 44.47 2,559.78 12/15/2006 19 449.32 410.92 38.40 2,148.86 1/15/2007 20 449.32 417.09 32.23 1,731.77 2/15/2007 21 449.32 423.34 25.98 1,308.43 3/15/2007 22 449.32 429.69 19.63 878.74 4/15/2007 23 449.32 436.14 13.18 442.60 5/15/2007 24 449.24 442.60 6.64 0.00
GRAND TOTAL 10,783.60 9,000.00 1,783.60 0.00
Sample Payment Schedule After 10% Down Payment
12 Monthly Payments
$15,000.00 less $1,500.00 Down Payment
Loan Amortization Schedule - Loan Amortized at 18% Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 13,500.00
1/11/2005 1 1,237.68 1,035.18 202.50 12,464.82 2/11/2005 2 1,237.68 1,050.71 186.97 11,414.11 3/11/2005 3 1,237.68 1,066.47 171.21 10,347.64 4/11/2005 4 1,237.68 1,082.47 155.21 9,265.17 5/11/2005 5 1,237.68 1,098.70 138.98 8,166.47 6/11/2005 6 1,237.68 1,115.18 122.50 7,051.29 7/11/2005 7 1,237.68 1,131.91 105.77 5,919.38 8/11/2005 8 1,237.68 1,148.89 88.79 4,770.49 9/11/2005 9 1,237.68 1,166.12 71.56 3,604.37 10/11/2005 10 1,237.68 1,183.61 54.07 2,420.76 11/11/2005 11 1,237.68 1,201.37 36.31 1,219.39 12/11/2005 12 1,237.68 1,219.39 18.29 0.00
GRAND TOTAL 14,852.16 13,500.00 1,352.16 0.00
Monthly Payment Amount for 24 months is about: $674.00
Sample Payment Schedule After 10% Down Payment
24 Monthly Payments
$15,000.00 less $1,500.00 Down Payment
Loan Amortization Schedule - Loan Amortized at 18% Payment Payment Principal Date Number Amount Principal Interest Balance
Opening Balance 13,500.00
6/15/2005 1 673.98 471.48 202.50 13,028.52 7/15/2005 2 673.98 478.55 195.43 12,549.97 8/15/2005 3 673.98 485.73 188.25 12,064.24 9/15/2005 4 673.98 493.02 180.96 11,571.22 10/15/2005 5 673.98 500.41 173.57 11,070.81 11/15/2005 6 673.98 507.92 166.06 10,562.89 12/15/2005 7 673.98 515.54 158.44 10,047.35 1/15/2006 8 673.98 523.27 150.71 9,524.08 2/15/2006 9 673.98 531.12 142.86 8,992.96 3/15/2006 10 673.98 539.09 134.89 8,453.87 4/15/2006 11 673.98 547.17 126.81 7,906.70 5/15/2006 12 673.98 555.38 118.60 7,351.32 6/15/2006 13 673.98 563.71 110.27 6,787.61 7/15/2006 14 673.98 572.17 101.81 6,215.44 8/15/2006 15 673.98 580.75 93.23 5,634.69 9/15/2006 16 673.98 589.46 84.52 5,045.23 10/15/2006 17 673.98 598.30 75.68 4,446.93 11/15/2006 18 673.98 607.28 66.70 3,839.65 12/15/2006 19 673.98 616.39 57.59 3,223.26 1/15/2007 20 673.98 625.63 48.35 2,597.63 2/15/2007 21 673.98 635.02 38.96 1,962.61 3/15/2007 22 673.98 644.54 29.44 1,318.07 4/15/2007 23 673.98 654.21 19.77 663.86 5/15/2007 24 673.82 663.86 9.96 0.00
GRAND TOTAL 16,175.36 13,500.00 2,675.36 0.00