Troy University has been recognized by Princeton Review, U.S. News and World Report, Military Times and more as having some of the best undergraduate programs in the Southeast and nation. Whether you are graduating from high school, transferring from a two-year school, or completing your degree as a working adult, TROY offers a wide variety of associate and baccalaureate degrees that will open doors to career opportunities.
Graduate study can help you achieve your career goals! Holders of advanced degrees will be in high demand in the next 10 years, according to the Bureau of Labor Statistics, and U.S. Census data shows that advanced degrees increase pay and prosperity Troy University’s Graduate School offers advanced degrees in all five of the University’s academic colleges: education, business, arts and sciences, health and human services, and communication and fine arts. In addition, TROY’s commitment to flexibility means that you have in-class, online and blended options. Plan for your next career by completing your graduate education at TROY. Innovation, knowledge and creativity are all elements for success. Get started today!
Online learning provides the ultimate in convenience and flexibility for today's busy adult learners. For those having their educational options limited by time or place, online classes offer the prime resolution. eTROY's online programs are designed with you in mind and student support is our top priority.
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Troy University's Global Campus delivers in-class educational opportunities outside Alabama, at one of our 25 learning locations or through one of our international partners.
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Schedule your campus visit today and start getting to know TROY.
Campus visits are the most important aspect of the college decision making process. Visits give you the opportunity to discover what makes our unique University the right fit for you. TROY welcomes you to come and see what makes our campus different, one that you will want to consider your home away from home.
We invite you to register for a visit Monday - Friday at 10:00 a.m. or 2:00 p.m. or on specified Saturdays for a TROY Tour or Trojan Day event.
*Students interested in visiting other Alabama campuses must contact the specific campus for visit information and registration as available dates and times vary.
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Global Campus meets the needs of working adults, including military, government agency civilians, teachers and future business leaders who want the opportunities that come with earning a degree. Because adult learners often have different educational needs than traditional students, courses are provided at times and in formats designed around people who work and have other commitments for their time.
Are you curious about learning in the online environment? Would you like to take an online class, but feel that you need more information? Discover more about learning in the online environment, the skills and technologies that are required, as well as some helpful tips on how to become a successful online student.
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In recent years, more students have begun to rely on educational loans to help pay for college. Educational loans can be an excellent resource for students trying to pay educational costs, but the debt incurred should be considered carefully. Borrowing now for college to pay later when you are working has long-term implications. Like any debt, a student loan is a serious financial obligation that you must repay. The amount you borrow now can seriously affect your life after you leave school. Besides the principal amount you borrow, all student loan programs will charge you interest for the funds. Your ability or inability to repay will affect your credit rating and your ability to borrow for other purposes, such as a car or house. If you should find yourself unable to pay, you may be subject to additional late charges, collection costs, court costs and attorney fees.
Budgeting is an excellent way to make choices when you have limited funds. If you borrow to help pay for your education, you should create a budget each year to review the items you could do without. Remember there is interest on the funds you borrow and you will be repaying over the next 10 years. Consider downloading your choice of a 9 month interactive budget worksheet, 12 month interactive budget worksheet, 9 month document worksheet, and 12 month document worksheet.
It is important to note that there are ways to increase your income and reduce your expenses.
You will also want to carefully consider the career choice you have made in relation to the amount you borrow. Some professions do not offer an attractive entry level salary and may make it more difficult for you to pay sizable loan payments. (Please see the section below: How much Will You Be Able to Pay Later?)
Before seeking a student loan, explore other ways to pay for your college education. Here are some ideas:
Check with your with your admissions advisor about scholarships. Look first for funds that you do not have to pay back. They award some based on need, some on academic merit, test scores, athletic skill, musical or artistic talent, community or volunteer activities, or other special abilities.
Investigate awards offered by the university, religious groups, fraternities, sororities or civic groups. Check with employers and organizations connected with your field of interest. You can view Troy University scholarships at http://www.troy.edu/scholarships.
Outside scholarship searches can be completed at www.fastweb.com and www.finaid.org.
Consider student employment. Financial Aid may find you eligible for Federal Work-Study (FWS). Career Services is another source of part-time jobs. Also, plan to work summers and holidays to help pay tuition and expenses.
If you are interested in the military, investigate the educational benefits of ROTC programs.
After investigating alternatives, you may decide a loan is still necessary. First, consider the following:
Amount of Loan: Think about how much you need to borrow. You may not want to borrow the full amount for which you are eligible.
Number of Loans: Your plans for further study will affect your total indebtedness. For example, are you going to graduate school?
Loan Limits: Most loan programs specify minimum and maximum amounts you can borrow.
Repayment: You can avoid multiple monthly payments by, when possible, staying with one loan program.
Length of Repayment Period: You will save interest costs if you choose a shorter repayment period (although monthly payments will be higher). Federal Stafford Loans offer a variety of repayment options.
Subsidized Fixed Rates
Unsubsidized Fixed Rates
Minimum Monthly Payments: Monthly payments will depend on the amount you borrow and the repayment plan you select. Perkins Loans require a minimum payment of $40 per month.
Borrowers Rights and Responsibilities: Be sure you understand your rights and responsibilities under each loan program. The school gives you these. Keep all paperwork for future reference.
To decide how much indebtedness you can probably manage when you graduate, consider your expected starting salary, earnings prospects and your lifestyle. Then, estimate your anticipated level of debt and monthly payments and see if the two are in the same range. If you cannot afford your projected payments, then try to borrow less. Try to be realistic when projecting your future earnings and the amount you will need to pay living expenses after graduation. Remember, starting a new job and setting up living arrangements will require extra resources and create a heavy initial demand on your new income. Click here to use the 9 month interactive budget worksheet, 12 month interactive budget worksheet, 9 month document worksheet, or 12 month document worksheet. Use them to project your future income and debts. You can review the median pay for occupations at: USBLS, Occupational Outlook Handbook
About two months before the end of your last semester at the university, you will need to make an appointment for an exit interview if you have received a Federal Perkins Loan. If you received a Federal Stafford Loan, you will need to complete an Exit Counseling.
During the interview, you will receive information about repaying your loans. Most loans have a "grace" period of six or nine months. You do not have to start repayment for this length of time after you graduate, withdraw or enroll for less than half time. Refer to your promissory note copy for this length of time. If you can make payments on your loan during your grace period, do so. Grace period payments are interest-free and greatly reduce the overall amount of interest you pay.
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Federal Consolidation Loans
Consolidation Loans allow you to combine certain federal student loans. It allows you to make one monthly payment rather than multiple payments to various lenders. If you have both Stafford Loans and a William D. Ford Direct Loan, you can consolidate through the federal government by calling Direct Loan Consolidation at 1-800-557-7392.
You can consolidate the Federal Perkins loans with either the Stafford Loans or the federal government. You can lose important deferment benefits through consolidation but benefit by have a lower payment overall and one place to send payments. Four repayment plans are offered. There is no charge for consolidating your loans.
Good Credit Records
For most students, a student loan is the first experience with credit. Student loans can be an excellent way to establish a good credit rating. Pay your student loan promptly each month. Frequent late payments constitute delinquency and may harm your credit history. Here are some tips on establishing good credit:
If you default on your NDSL or Federal Perkins Loan, you may rehabilitate your defaulted loan by requesting the rehabilitation and by making an on-time, monthly payment, as determined by the loan holder, each month for twelve consecutive months. If you successfully rehabilitate your defaulted NDSL or Federal Perkins Loan, you will again be subject to the terms and conditions and qualify for the benefits and privileges of your original promissory note and the default will be removed from your credit history. You can rehabilitate a defaulted NDSL or Federal Perkins Loan only once.
Student Loan Ombudsman:
If you dispute the terms of your Stafford Loan or NDSL or Federal Perkins Loan in writing and the holder of your loan is unable to resolve the dispute, you may seek the assistance of the Federal Student Assistance Student Loan Ombudsman of the Department of Education. The Student Loan Ombudsman will review and attempt to informally resolve your dispute and may be reached at 1-877-557-2575. You must first have tried to resolve your dispute yourself.
Follow these steps to help resolve problems with your student loan:
Financial Literacy Web Sites:
Career & Salary Planning Sites