EDUCARD is the DeVry University interest-bearing, installment loan program available to students attending DeVry. The EDUCARD Plan provides an affordable payment program worked out in accordance with individual financial circumstances as reflected in the financial information submitted to DeVry. EDUCARD participation requires that students apply for financial assistance and use those funds received to repay any EDUCARD balance first.

EDUCARD's objective is to provide a loan source to pay tuition and book costs for attendance at DeVry. It enables students to pay their EDUCARD balance in monthly installments and may provide extended installment loan privileges in specific cases. Failure to submit required financial aid paperwork and/or EDUCARD Plan payments within the requested time period may result in termination of the agreement with the balance due immediately.

The first monthly EDUCARD payment is due at registration. Delinquent payment may result in the loss of borrowing privileges. If delinquencies are not resolved, students may be financially suspended from school. If DeVry denies a student a loan under EDUCARD, the student may withdraw from classes and receive a refund of tuition costs in accordance with institutional refund policies at the DeVry location the student is attending.

The DeVry University EDUCARD plan has a finance charge of one percent per month (12 percent per annum) computed on the average daily balance during the billing period. The combination of monthly DeVry EDUCARD payments and financial aid for which a student is eligible may not cover all educational expenses prior to leaving school. Therefore, when a student leaves DeVry, the EDUCARD contract requires payment of any loan balance owed on EDUCARD within 12 months of the last date of attendance.

Students may use the DeVry University EDUCARD under one of two plans:

Full Financing Plan

Minimum Monthly Payment Plan

Please also see:

Important Reminders