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Financial Aid Programs

Financial Aid Programs Available at National University

National University offers eligible students access to grant and loan programs. For more information on each of the programs below, refer to the Financial Aid Guide.

Grants
Federal Pell Grant is a grant program to help students with tuition cost. This program assists students who are working toward a first bachelor's degree.

Award range: $358 to $5,730
Applications: FAFSA, IAFFA
Application deadline: June 30, 2015
Date funding begins: July 2014

Federal Supplemental Educational Opportunity Grant (FSEOG) is a grant program to assist with tuition cost. Like Pell Grant, a student must be enrolled in a first bachelor's degree. Awards are made on a limited basis to students with an exceptional financial need.

Award range: $50 to $2500
Applications: FAFSA, IAFFA
Application deadline: Priority filing date is March 2, 2014
Date funding begins: July 2015

Cal Grant A is a state funded grant program to help students with tuition cost. Grant recipients are selected on the basis of financial need and grade point average. Students must be California residents working towards a first bachelor's degree. Recipients of this award will be notified by the California Student Aid commission in June.

Award range: $100 to $12,297
Applications: FAFSA, GPA verification
Application deadline: March 2, 2014
Date funding begins: October 2014

Cal Grant B is a state funded grant program to help students with tuition cost. This program is intended to assist students with high potential from disadvantaged /low-income families. Students must be California residents who have completed less than one semester of undergraduate studies. Recipients of this award will be notified by the California Student Aid Commission in June.

Award range: $100 to $12,297
Subsistence range: $100 to $1,964
Applications: FAFSA, GPA verification
Application deadline: March 2, 2014
Date funding begins: October 2014

Credential Program – Students must complete the program residency requirement at National (except for recipients of National University Scholarships), and may only apply for financial aid as a fifth year undergraduate.

Certificate Program – These programs must consist of 36 units in length (except for recipients of National University Scholarships). Students are not eligible to reapply for an additional Stafford or PLUS loan in the certificate programs.

Loans

Federal Stafford Student Loan is a loan program to assist students with educational expenses. The interest rate is fixed at 4.66 percent for loans issued after July 1, 2014. Stafford recipients are not required to make payments or pay the interest during full-time attendance or the first six months after the student's last day of attendance.

Loan Amount: For each academic year, a dependent student may borrow:

  • Up to $3,500 as a first year undergraduate
  • Up to $4,500 as a second year undergraduate
  • Up to $5,500 as a third, fourth, or fifth year undergraduate
  • Up to $5,500 as a fifth year Credential student

Dependent students may receive both an unsubsidized and subsidized Stafford up to the amounts listed above.

Applications: FAFSA, IAFFA, Loan Request.
Application Deadlines: Three months prior to the student's last course of the academic year.
Date funding begins is based on each student's individual course schedule.

Unsubsidized Federal Stafford Loan is a program available to students who may not qualify for a subsidized Stafford Loan or for students who may qualify for only a partial subsidized Stafford loan. The interest rate is fixed at 4.66 percent  for loans issued after December 1, 2014 and 6.21 percent for Graduate/Professional students.  The terms and conditions are the same as the subsidized Stafford Loan, except that the borrower is responsible for the interest that accrues while the student is in school during the grace period.

Loan Amount: Students may receive both subsidized and unsubsidized Stafford Loans totaling up to the applicable Stafford limit (based on grade level).

Applications: FAFSA, IAFFA, Loan Request

For each academic year, an independent student may borrow:

  • Up to $9,500 as a first year undergraduate (at least $4,000 of this amount must be in unsubsidized Stafford)
  • Up to $10,500 as a second year undergraduate (at least $4,000 of this amount must be in unsubsidized Stafford)
  • Up to $12,500 as a third, fourth, or fifth year undergraduate (at least $5,000 of this amount must be in unsubsidized Stafford)
  • Up to $12,500 as a Credential student (at least $7,000 of this amount must be in unsubsidized Stafford)
  • Up to $20,500 as a graduate student

Application Deadlines: Three months prior to the student's last course of the academic year.
Date funding begins is based on each student's individual course schedule.
Note: Students enrolled in an academic year requiring less than 36 units will be subject to a pro-rated loan.

Aggregate Stafford Loan Limits
Dependent Undergraduate: $31,000
Independent Undergraduate: $57,500
Graduate: $138,500
($65,500 in subsidized Stafford and $73,000 in unsubsidized Stafford)
Note: The graduate debt limit includes any Stafford Loans as an undergraduate.

Fees
Loan Origination Fee: For first disbursements on or after December 1, 2013, a loan origination fee of up to 1.073% of the loan principal is also deducted proportionately from each loan disbursement.
Insurance Premium: An insurance premium of 1%, called the Federal Default Fee, of the loan principal may also be deducted proportionately from each loan disbursement.

Federal Parent Loans for Students (PLUS) is a loan program to assist parents of the undergraduate dependent students with educational costs. The interest rate is fixed at 7.21 percent for the life of the loan for loans issued after December 1, 2014. Like the unsubsidized Stafford Loan, the interest is not subsidized by the government. Repayment begins 60 days after the loan is made.

Loan Amount: For each academic year, a parent may borrow up to the student's cost of attendance minus other aid, per undergraduate dependent student.
Fees: 4.292% origination fee and up to 1% Federal Default Fee.
Applications: FAFSA, Parent IAFFA, Loan Request.
Application Deadlines: Three months prior to the student's last course of the academic year.
Date funding begins is based on each student's individual course schedule.

Graduate Plus Loan is a government-insured education loan designed for graduate and professional students. Students are able to defer the loan while they are enrolled at least half-time. Eligibility is not based on income. The interest rate is fixed at 7.21% for the life of the loan for loans issued after July 1, 2014.

Loan Amount: For each academic year a graduate or professional student may borrow up to the cost of attendance minus other aid.
Fees: 4.292% origination fee and up to 1% Federal Default Fee.
Applications: FAFSA, Loan Request.
Application Deadlines: Three months prior to the student's last course of the academic year.

Federal Perkins Loan is a low interest (5%) loan program. This program assists students with tuition cost and is funded on a limited basis to students with exceptional need. The major advantage for Perkins recipients is that the government pays the interest during at least half-time attendance and for nine months after the student's last date of attendance. In addition, students are not required to make payments during that time.

Award Range: $300 to $3,600
Cumulative Totals:
Up to $27,000 for undergraduate study
Applications: FAFSA, IAFFA, Perkins Loan Application
Application Deadline: Priority filing date March 2, 2014
Date funding begins: July 2014

Note: Award ranges and aid types are tentative.

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National University is a member of the National University System.