Noncredit

| Academics | Noncredit

Alternative Loan Programs

An alternative loan is a private loan designed primarily to help students with educational expenses that exceed other available assistance (such as scholarships, grants, and Federal Stafford Loans). In other words, alternative loans were designed to bridge the gap between college costs and traditional financial aid resources. Alternative loans cannot exceed the cost of attendance minus other financial aid. In general, before borrowing an alternative loan, remember that they:
  • are not backed by the federal government.
  • may require a borrower to be creditworthy or have a creditworthy co-signer(s).
  • may require a borrower and/or the co-signer(s) to be U.S. citizens of have permanent resident status.
  • have varying borrowing limits, origination fees, interest rates, repayment terms and restrictions.
  • traditionally have higher interest rates and less flexible repayment terms than Federal Stafford Loans.
  • may not have a cap on the interest rate when a variable interest rate is offered.
A large number of alternative education loan programs are available to both students and parents willing to borrow the funds needed to complete a college education. These programs offer many competitive features, and the loans may possess similar interest rates, eligibility criteria, repayment options, etc. Regarding interest rates: remember that an increase in the interest rate will result in an increased payment amount, an increased number of payments, or both.

Student Lending Analytics shows a small sampling of what is currently available and who is offering fixed and variable interest rates.

You can afford to attend Madonna University! No student pays the full cost of his/her education at Madonna University. Due to the generosity of many benefactors students are assessed only 80 percent of the actual costs. The Student Accounts and Office of Financial Aid work with you to find a solution to your financial needs. With tuition well below the national average for private universities, Madonna University is the most affordable independent liberal arts university in Michigan.

We encourage all families to apply for federal and state financial aid by completing the Free Application For Federal Student Aid (FAFSA). Most applicants are eligible for assistance in the form of federal student loans regardless of income.

Why would I want to get an alternative loan?
An alternative loan may provide enough funds to enable you to attend and pay for the college of your choice. However, alternative loans frequently have a higher interest rate, so you may want to consider this option only after exhausting all other financial options, such as government loans and scholarships.

Noncredit Courses

Printable Registration Form   Online Registration Form

Students can enroll in many traditional, 15-week academic courses as a non-credit offering by submitting a noncredit registration form (top right hand corner). Noncredit registration is offered at a reduced tuition rate (see course schedule book for additional information). Tuition is due at the time of registration. Noncredit courses are not for academic credit, do not appear on your college transcript and cannot be changed to academic credit at a later date. Certificates of participate or attendance, if issued, are issued by the college or department that offers the course.

2014 – 2015 Noncredit Tuition Rate - $345 per credit (for both Undergraduate and Graduate courses)
 
Tuition Cost: Determine your tuition cost prior to registering. If registering online, you will need to enter your tuition cost on the registration form. Contact Student Accounts for any questions.
 
Refunds and Withdrawals: Policies regarding withdrawal and refunds for noncredit students are parallel to students enrolled in courses for credit. See the Course Schedule for details.

Payment: You may pay via e-check or credit card. If paying by credit card, you will be charged a nonrefundable 2.9% service fee. You must register online if paying by credit card. Madonna University accepts American Express, Discover, Visa, and MasterCard.

Financial Aid and Student Loans:  Noncredit courses do not qualify for financial aid. Students seeking financial assistance are encouraged to apply for an alternative loan. Contact the Financial Aid Office at 734-432-5663, toll-free at 800-852-4951 or email us at finaid@madonna.edu for further information.

College of Nursing and Health
Noncredit Courses

Lynn Layton, Secretary
llayton@madonna.edu
734-432-5474

      College of Education
Janice Centers, Program Secretary
pdp@madonna.edu
734-432-5697
 

Sign Language Studies Department
Bridget Mitchell, Secretary
bmitchell@madonna.edu
734-432-5616

  Aging Studies Courses
Noncredit Courses
Edith Raezler, Program Coordinator
eraezler@madonna.edu
734-432-5530