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Download Financing Information (pdf format)

NEW FINANCING TERMS AVAILABLE FOR 2009!

NWSAM offers a simple tuition financing option for students wanting to pay their balance over time.  We are able to provide this program because of our strong desire to make our courses more accessible to a diverse group of people.   

Program highlights:

• This program is available for any student enrolling in a certification course.
• You make 7-monthly payments on a loan valued at $750.00. (Cost of the course minus deposit)
• You can pay off the balance at any time, with no penalty.
• We hold your course certificate until the tuition is paid off.
• The financing program is managed by NWSAM. 
• You begin repayment on the first of the month following your enrollment date.
• A deposit ($750 minimum) is required for all classes.

The full text of the installment agreement:

For the value receieved, I agree to repay the loan amount of $750.00 to NWSAM as per the terms below: 

1. The interest rate is 15.00% simple annual interest.
2. Processing fee:  A processing fee of $5.00 is due with each payment.
3. Payment Method and Place:  Payment is in US Dollars.  Payments will be set up for autopay at time of enrollment.  Automatic payments are processed on the first of each month.  Upon arrangement, check payments may be submitted.  Credit card information or automatic withdrawal authorization is still required on all accounts to allow for past due payment processing.  Payment should be submitted to NWSAM at PO Box 670 Fall City, WA  98024. 
4. Prepayment:  Prepayment is allowed without penalty.  Any excess payment is applied to the principle.
5. Default:  If the full monthly payment is not received, you will be in default.  Borrowers in default may be notified in writing and required to pay the entire principle balance within 30 days.  Accounts more than 90 days overdue will be processed for collection.
6. Collateral:  NWSAM will retain your certification of achievement as collateral.  The certificate will be forwarded within 14 days of receipt of final and full tuition payment.
7. Purpose of Loan:  This loan is for commercial purposes.
8. Payments:  I will pay the principal and interest due on the first day of each month.  Any payment over 10 days late is subject to a $25.00 late fee (first offense), a $35.00 late fee (second offense) or a $50.00 late fee (third offense).  Additionally, the $5.00 processing fee is due with each payment.  Six monthly payments of $125.00 will be made plus one final payment of the remaining balance at the end of the financing term.  Final payment may vary based on timeliness of payment history and credit for prepayments.
9. Repayment period:  All students begin repayment on the first day of the month following enrollment.
10. You must arrange to have your monthly payment paid on a credit card or through automatic withdrawal from a checking account (debit card number required).  Check payments accepted on a pre-arranged basis only.