Financial Aid Programs

Brad R. Class of 2018, Military Veteran

Financial Aid Programs Available at National University

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

Grants

Federal Pell Grant

This grant program helps students with tuition cost. This program assists students who are working toward a first bachelor’s degree.

Award range: $657 to $6,195
Applications: FAFSA
Application deadline: June 30, 2021
Date funding begins: July 2019

Federal Supplemental Educational Opportunity Grant (FSEOG)

This grant program assists 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: $100 to $1,200
Applications: FAFSA
Application deadline: Priority filing date is October 30, 2018
Date funding begins: July 2019

Federal Work Study (FWS)

This program provides funds for part-time employment to help finance the costs of postsecondary education. Employment is available for graduate and undergraduate students with financial need. FWS provides financial aid on a monthly basis as earnings. Opportunities to participate in the FWS program exist in various schools and departments at locations across National University. For more information and for available positions, visit the NU website at https://www.nu.edu/Admissions/Financial-Aid-and-Scholarships/federal-work-study-program/.

Cal Grant A

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 $12,112
Applications: FAFSA, GPA verification
Application deadline: March 2, 2019
Date funding begins: October 2020

Cal Grant B

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 $12,112
Subsistence range: $100 to $12,112
Applications: FAFSA, GPA verification
Application deadline: March 2, 2019
Date funding begins: October 2020

TEACH Grant

The Teacher Education Assistance for College and Higher Education Grant Program (TEACH) provides grants of up to $4,000 per year (based on sequestration laws) to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. This program is currently available to undergraduates in a degree that leads to teaching and graduate students pursuing a master’s in an educational program. Students must maintain a 3.25 GPA. https://studentaid.gov/app/launchTeach.action.

Award range: $234 to $3,752 (disbursed prior to 10/1/19
$235 to $3,764 (disbursed on or after 10/1/19)
Application deadline: June 30, 2020
Date funding begins: July 2019

Loans

Federal Stafford WDF Student Loan

This loan program assists undergraduate students with educational expenses. The interest rate is fixed at 4.53% for loans issued after July 1, 2019. (Graduate students are ineligible for subsidized funding.) WDF recipients are not required to make payments or pay the interest during full-time attendance; however, interest will begin to accrue on the first day after the last day of the six month grace period.

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
  • Date funding begins is based on each student’s individual program of study.

Federal Unsubsidized WDF Loan

This program is available to students who may not qualify for a subsidized WDF Loan or for students who may qualify for only a partial subsidized WDF loan. The interest rate is fixed at 4.53% for undergraduates and 6.08% for graduates for loans issued after July 1, 2019. The terms and conditions are the same as the subsidized WDF Loan, except that the borrower is responsible for the interest that accrues while the student is in school and during the six month grace period.

Loan Amount: For each academic year, an independent student may borrow:

  • Up to $9,500 as a first-year undergraduate (at least $6,000 of this amount must be in unsubsidized WDF)
  • Up to $10,500 as a second-year undergraduate (at least $6,000 of this amount must be in unsubsidized WDF)
  • Up to $12,500 as a third-, fourth-, or fifth-year undergraduate (at least $7,000 of this amount must be in unsubsidized WDF)
  • Up to $12,500 as a fifth-year undergraduate credential student (at least $7,000 of this amount must be in unsubsidized WDF)
  • Up to $20,500 as a graduate student
  • Up to $33,000 as a graduate student in certain health professions

Loan Amount: Students may receive both subsidized and unsubsidized WDF Loans totaling up to the applicable WDF limit (based on grade level).
Date funding begins is based on each student’s individual program of study and schedule.

Aggregate Stafford Loan Limits

Dependent Undergraduate: $31,000 ($23,000 maximum subsidized)
Independent Undergraduate: $57,500 ($23,000 maximum subsidized)
Graduate: $138,500 ($65,500 in subsidized Stafford)
Graduate in Certain Health Professions: $224,000 ($65,500 in subsidized Stafford)

Note: The graduate debt limit includes any Stafford Loans borrowed as an undergraduate. View your borrowed loan amounts at https://nslds.ed.gov/nslds/nslds_SA/

Fees

Loan Origination Fee: For first disbursements prior to October 1, 2019, a loan origination fee of up to 1.062% of the loan principal is deducted proportionately from each loan disbursement. For first disbursements on or after October 1, 2019, a loan origination fee of up to 1.059% of the loan principal is also deducted proportionately from each loan disbursement.

Federal Parent Loans for Students (PLUS)

This is a credit-based loan program to assist parents of undergraduate dependent students with educational costs. The interest rate is 7.08% for all PLUS loans on or after July 1, 2019. Repayment begins once the loan is fully disbursed. A deferment can be requested by contacting your servicer.

  • 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: Origination fee of 4.248% prior to October 1, 2019 and 4.236% after October 1, 2019, and federal default fees.
  • Applications: FAFSA, Parent PLUS Loan Request

Graduate Plus Loan

The Graduate PLUS Loan is a government-insured education loan designed for graduate and professional students. PLUS loans are credit based and eligibility is not based on income. Eligibility is determined once students are awarded the maximum unsubsidized loans ($20,500). Students are able to defer the loan while they are enrolled at least half-time. The interest rate is 7.08% for loans issued after July 1, 2019. Repayment may begin after loan is fully disbursed.

Loan Amount: For each academic year, a graduate student may borrow up to the cost of attendance minus other aid.
Fees: Origination fee of 4.248% prior to October 1, 2019 and 4.236% after October 1, 2019, and federal default fees.
Applications: FAFSA, Loan Request.
Application Deadlines: Three months prior to the student’s last course of the academic year.

Note: Award ranges and aid types are tentative.