SMU's In-House Financing
Making it easier to pursue your dreams and access quality education.
In-house financing at Style Mobb University refers to the financial assistance options provided directly by the university itself. It is a financing arrangement where the university offers flexible payment plans or installment options to students to help them cover the cost of their education.
Through in-house financing, students have the opportunity to spread their tuition payments over a specified period of time, rather than paying the full amount upfront. This provides financial flexibility and allows students to manage their educational expenses in a more convenient and manageable manner.
Master Cosmetology Program Full-time $12,500
Deposit: $2,500
Monthly Payments: $500
Weekly Payments: $125
19 months 18% interest
Master Cosmetology Program Part-time $15,000
Deposit: $3,000
Monthly Payments: $500
Weekly Payments: $125
24 months 18% interest
Hair Design Program Full-time $7,500 Part-time $10,000
Deposit: FT $1,500 PT $2,000
Monthly Payments: $500
Weekly Payments: $125
FT- 12 months 18% interest PT- 16 months 18%
These prices does not include program kits.
Terms and Conditions for SMU's In-House Financing:
1. Late Payment Fees: If a tuition payment is late by one day, a late fee of $25 will be applied. For each subsequent day, the late fee increases to $50 on the second day and $75 on the third day.
2. Termination of Program: In the event of non-payment, if a student's account remains delinquent beyond the third day, they will be terminated from the program. Additionally, a $250 enrollment fee, in addition to the outstanding balance, will be charged.
3. Full Deposit Payment: To be eligible for in-house financing, deposits must be paid in full before the program's commencement.
4. Implications for Late Payments: Late payments for tuition not only result in late fees but also lead to the loss of in-house financing privileges. Furthermore, any scholarships or grants awarded by SMU may also be forfeited as a result of late payments.
5. Interest Rates: Interest rates will be added to the final bill for in-house financing.
By submitting an application for in-house financing, you acknowledge and agree to these terms and conditions.
It is important to adhere to the payment schedule and make timely payments to avoid late fees, program termination, and the loss of financing privileges and applicable scholarships or grants.
