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The Bama Plan
It makes sense to keep up with educational expenses the way students keep up with class work: at regularly scheduled intervals.
The University of Alabama offers a way to pay basic annual University expenses in 10 manageable monthly installments through the BAMA Plan. You pay only a $55 annual participation fee for BAMA Plan convenience – no interest charges.
With the BAMA Plan, monthly payments can be deducted automatically from your checking account, eliminating the need to write and mail checks every few weeks. You will also be assured that your payments are received on time. You can also choose to be billed directly for each BAMA Plan monthly payment. The first payment is due June 5, for those who apply on time for the BAMA Plan. Late application is possible with a larger initial payment (see the BAMA Plan worksheet) through July 5.
If you choose the BAMA Plan, you contract with The University of Alabama to pay an agreed-upon amount in 10 equal installments. The amount you contracted for will be divided between the two semesters, and deducted from the amount due on your University of Alabama student account. The BAMA Plan is administered by Sallie Mae, an education finance company.
What the BAMA Plan Covers
You can use the BAMA Plan to pay for all or part of the tuition, college/course fees, residence hall room charges (includes rent, utilities, basic cable television, high speed Internet, and local phone service), Dining Dollars, and campus meal plan (less financial aid, loans, and scholarships) for the fall and spring semesters. Charges incurred for the summer term cannot be paid with the BAMA Plan.
Signing up for the BAMA Plan and making payments toward anticipated registration expenses does not assure or affect class enrollment, dorm assignments, or meal plan purchases. Students must apply for dorm assignments through Housing and Residential Communities , for meal plans through Bama Dining Service, enroll for classes in accordance with Office of Academic Records and University Registrar procedures, and confirm the enrollment in accordance with Student Receivables Office procedures. Meal plan contracts must be completed and returned to Bama Dining by specified deadlines to be added to the student’s registration bill.
How the BAMA Plan Works
Joining the BAMA Plan is simple
You may visit http://tuitionpay.salliemae.com/ualabama and enroll on line or request an enrollment form.
You may also use the Estimated Costs and Worksheet below before going online to http://tuitionpay.salliemae.com/ualabama The deadline is June 5, for on-time application, including initial payment. Subsequent monthly payments are due on the 5th day of each month, beginning in July and continuing through March.
Receive an award or adjustment of financial aid, loan, and/or scholarship after your initial enrollment, you must contact Sallie Mae to adjust or cancel your BAMA Plan contract. These credits will be applied to the student account and the BAMA Plan adjusted accordingly before refunds will be issued.
Withdraw from the University, the established refund policy described in University Schedule of Classes and Information Guide under the Withdrawal Section will be followed. Before any refunds are issued, all financial obligations to The University of Alabama must be satisfied.
Change financial institutions, you must notify Sallie Mae 30 days in advance or your next scheduled bank draft in order for BAMA Plan automatic bank drafts to continue uninterrupted.
Have insufficient funds in the designated account, a handling fee is charged to you each time your payment cannot be processed due to insufficient funds.
Do not make timely scheduled payments to Sallie Mae, your account is subject to a Sallie Mae late fee in addition to University delinquent charges (see Other Fees and Expenses).
Have a delinquent account, you may be removed from the BAMA Plan and may be assessed penalties by The University of Alabama, including late payment fees, holding of transcripts, and/or withdrawal from the University. See the University Schedule of Classes and Information Guide (see Delinquent Accounts) for further information.
How to contact Sallie Mae
Sallie Mae Campus Solutions
P. O. Box 55807
Boston, MA 02205
|1-800-635-0120 (toll – free)
M-F 8:00 a.m. – 10:00 p.m. (Eastern Time)
Sat. 9:00 a.m. – 3:00 p.m. (Eastern Time) http://tuitionpay.salliemae.com/ualabama
FOR MORE INFORMATION
For further information, contact The University of Alabama, Office of Student Receivables, Box 870120, Tuscaloosa, AL 35487-0120, (205) 348-5350 or by email at Receivables@fa.ua.edu. The Student Receivables Office is located in 105 Student Services Center or contact Sallie Mae at http://tuitionpay.salliemae.com/ualabama.