一道本不卡免费高清Our fundamental purpose is to assist students to the best of our ability with available financial aid programs to meet the cost of their education and to provide quality service in an accurate, timely and equitable manner. The financial aid information contained in this section of the website is intended to help you understand your options and how to apply.
一道本不卡免费高清Financial aid is monetary assistance offered to eligible students to help meet their educational expenses. Aid can come from two categories. "Gift" aid which includes grants, scholarships and stipends that do not have to be paid back. "Self-help" aid is educational loans such as the federal Direct Unsubsidized and Graduate PLUS Loan Programs, which must be paid back, and/or college work-study, which is money earned from employment on-campus or at an eligible non-profit, community service organization.
一道本不卡免费高清New application forms will be posted to this website in early October of each year and the FAFSA will be available online at on October 1. MA Students: Member schools may have specific institutional aid application deadlines so pay close attention to your school or center of affiliation's institutional financial aid submission deadlines.
The U.S. Department of Education now uses prior-prior year federal tax information with the assumption that most students will be able to provide their actual federal income tax information when they file their FAFSA. Additionally, if you are selected for federal Verification by the federal processor or by the GTU Financial Aid Office, if you are not eligible to use the IRS Data Retreival Tool (DRT) of the FAFSA, you must submit a copy of your tax transcript from the IRS to the financial aid office as soon as possible. Please note that your financial aid may be modified if there is a large discrepancy.
We encourage students to send in forms as soon as they are completely filled out. However, it is important that you enter your full legal name exactly as it is listed on your social security card or U.S. Passport at the top of all documents submitted.
To request a withdrawal from the school, a student must make a written request of withdrawal to the school's registrar. The date of withdrawal will be the date the registrar receives the written request.
Section 484 (b) of the Higher Education Act specifies a formula that requires federal aid recipients to "earn" the aid they receive while enrolled in school at least halftime. The amount of Title IV (federal) aid "earned" is determined by multiplying the total Title IV aid for which the student qualified by the percentage of time during the term that the student was enrolled. Students who withdraw prior to completing 60% of the semester in which they receive federal student aid may be required to return some of the aid they were awarded.
一道本不卡免费高清The formula assumes that a student uses Title IV aid (e.g. Stafford or Perkins loans) to pay institutional charges i.e. tuition, fees, rent and certain other institutional charges. Withdrawal prior to completing 60% of the semester for which aid was awarded requires that a pro rata portion of the aid must be returned to the federal government (loan servicer).
First, the school will return to the appropriate federal fund source a proportional share of institutional charges that were paid. In general, the effect of this "return of Title IV aid" by the institution is to reduce an outstanding federal loan balance. Second, if the amount returned by the school is not enough to repay the entire amount not "earned" the student will be required to repay "unearned" Title IV aid to the loan servicer.
If a student is entitled to a refund from the school for amounts paid to cover institutional charges, any refund due will first be applied to the obligation to return "unearned" aid. Thus, portions of institutional refunds may be applied to an outstanding Direct Loan(s).
This policy is based on 34 CFR, Section 668.22 of Title IV of the Higher Education Act of 1965, as amended.
Every year students who are U.S. citizens or permanent residents can apply for financial aid by completing the (FAFSA) form and the school's supplemental application. These forms help determine a student's need for aid by calculating the applicant's income, assets, and family size to determine how much they can contribute towards their education. This calculation is referred to as the student contribution. Each year the financial aid office creates a standard student budget for all students. The budget takes into account tuition, fees, books and living costs. Financial need is determined by subtracting the student contribution from the standard student budget. The difference from these two figures is the student need.
Once your financial aid eligibility has been determined you will receive an award notification informing you that your financial aid offer is available to review on the GTU's Net Partner Financial Aid Student Portal stating the amount of loan funding you are eligible to borrow as well as information on how to apply for this type of student loan.
Yes, this may affect your aid. Given the limited nature of institutional grant or scholarships aid, students who have not applied on time may not receive an offer that includes institutional "gift" aid. Both the free application for federal student aid form AND the financial aid application form must be filed before or postmarked by the deadline. In order to be fair to all applicants in the distribution of our limited funds, students who apply on time will receive priority preference in the awarding process of financial aid.
Yes. Students who have additional costs such as uninsured medical expenses, higher rents, or single parent childcare can appeal, with appropriate documentation, to increase their student budget.
Yes, you never know what you may qualify for if you don't apply. You may at least be considered eligible for a federal Direct Unsubsidized Loan to help cover your educational expenses.
一道本不卡免费高清The following information is required in order to complete section G of the FAFSA. Please list each school on the FAFSA to which you will apply. GTU MA students should list the federal school code for both the GTU and their school of affiliation.
|School||Federal School Code|
|Graduate Theological Union||G01207|
The following budget is an estimated average and reasonable cost of completing the 2019-2020 academic year at the Graduate Theological Union. This budget serves as the foundation for determining student’s financial need as well as the amount of qualified institutional grant/scholarship and federal student aid that can be offered, and is provided to assist GTU students in estimating their budgetary requirements for the nine (9) month academic year only. As these costs are only estimates一道本不卡免费高清, individual budgets may vary considerably. We recommend that each student create a personal budget using actual or projected costs to estimate one’s budget and financial need most accurately. While expenses for family members are not factored into the cost of attendance (COA), we suggest adding a minimum of $7,000 for a dependent spouse and $4,000 for a dependent child to one’s personal budget for the nine-month academic year.
For the purpose of TIV federal student aid, COA figures are established through student surveys and other research and allowable expenses include: tuition and fees, books and supplies, room and board, transportation, health insurance, federal student loan fees, and personal expenses related to school attendance. Costs incurred prior to the start of the academic year, consumer debt payments, car payments, charitable gifts, legal fees, life insurance, etc., are not considered allowable expenses. The GTU Financial Aid Office may adjust the cost of attendance using Professional Judgment for students on a case-by-case basis to address individual circumstances as allowed by GTU Policy and the U.S. Department of Education. For information on budget adjustments, refer to “Financial Aid Budget Adjustment Policy” under the Financial Aid Policies section of http://footwearandfashion.com/admissions/financial-aid.
9-month academic year
Ph.D. and Th.D. in tuition
Ph.D. and Th.D. continuing relations fee
M.A. in tuition
一道本不卡免费高清M.A. continuing relations fee
Allowable Non-Tuition Expenses
9-month academic year
Books and Supplies
Total estimated non-tuition expenses
Total 2019-2020 Cost of Attendance
(sum of tuition and non-tuition expenses)
9-month academic year
Ph.D. and Th.D. in tuition
Ph.D. and Th.D. continuing relations fee
一道本不卡免费高清M.A. in tuition
M.A. continuing relations fee
To accept your offer of financial aid, the following steps must be completed:
- Carefully read the Financial Aid Rights and Responsibilities. By actively accepting institutional and/or federal financial aid, financial aid applicants agree to comply with the obligations and conditions listed in the Financial Aid Rights and Responsibilities and all institutional policies and federal regulations.
- Log in to the GTU Student Financial Aid Portal to view and accept your financial aid award. Reduce and Accept or Decline institutional and/or federal awards for the 2019-2020 academic year. Note to federal student loan borrowers: You may elect to reduce the amount of the loan request for the academic year but you must do so prior to accepting the loan. Please note: a full year award must be divided, per federal regulation, into two substantially equal disbursements; fall and spring. When determining your loan request amount keep in mind that the U.S. Department of Education charges a loan origination fee that changes every October 1. We strongly recommend you use a to help you to decide on an amount to borrow for the year (see #6).
- If you anticipate receiving an external award or other financial support that is currently not included in your financial aid package, complete the 2019-2020 Verification of External Aid Form to report this information to the Financial Aid Office. External awards are educational awards not provided directly by the GTU that include but are not limited to private scholarships, grants, denomination support, Vocational Rehabilitation, AmeriCorps, or other resources such as financial assistance from any person other than the student.
FEDERAL STUDENT LOAN BORROWERS MUST COMPLETE Steps 4 through 6 in addition to Steps 1 through 3.
- Complete a Master Promissory Note (MPN) at if you wish to borrow a federal student loan and have not previously borrowed with the William D. Ford Federal Direct Loan program or your MPN has expired. Select “Complete Loan Agreement (Master Promissory Note)” from the main page to complete the MPN. Select the option “MPN for Subsidized/Unsubsidized Loans”. The Direct Loan MPN is a multi-year promissory note good for a period of ten (10) years. Select “View My Documents” from the main page to verify your MPN expiration date.
- Complete the online Entrance Counseling session at if you are borrowing for the first time in either the GTU Master of Arts or Doctoral programs. This interactive counseling session produced by the FSA Division of the U.S. Department of Education provides useful tips and tools to help you develop a budget for managing your educational expenses and helps the student understand their loan responsibilities. Select “Complete Loan Counseling (Entrance, Financial Awareness, Exit)” from the main page. Select the option for “Entrance Counseling – (Required)”
- Complete and submit the and login to to complete the . Select the “Repayment Estimator” link under the “Tools and Calculators” section on the left navigation bar, then complete the necessary fields and submit a copy of the “summary of your repayment information” by email to email@example.com by selecting the email icon at the bottom of the page. You may return the forms electronically or by hardcopy. Loan funds may not be certified prior to the receipt of your worksheets, if required. Read the Student Loan Borrowing Policy for a description of the Financial Aid Office's efforts to assist students in managing student loan debt.
Students who receive financial assistance understand and agree to comply with the terms and conditions listed below and all applicable institutional policies and federal regulations.
- You understand that you must be a degree-seeking student at the GTU. Prospective student applications will be reviewed after the Financial Aid Office has been notified of your admission to an eligible degree program. Applications received after a priority deadline may be delayed by a minimum of three to six weeks.
- You must provide accurate information. Intentionally misreporting information used to determine financial aid eligibility is a violation of federal law and could be a criminal offense, which may be subject to penalties that include fines, imprisonment, or both under the US Criminal Code and 20 U.S.C. 1097.
- An award will be made in accordance with all current laws, regulations and appropriations of the federal government and the institution in effect at the time of the calculation and the availability of funds. The Financial Aid Office reserves the right to modify, reduce or withdraw an award in the event of changes in your financial status and/or eligibility for aid, if institutional policies or federal laws are amended. Additionally, financial aid may be cancelled if the aid offered was based on any unintended error.
- You agree to use the GTU Net Partner Student Portal to accept and/or decline your aid electronically. You may contact the Financial Aid Office regarding alternative methods of communication and you can rescind your permission at any time. All financial aid matters will be communicated by email to your preferred email if you are an applicant or your school email account if you are a returning student.
- You understand that an offer of financial aid and determination of your award is for the 2019-2020 nine-month academic year or four and a half month academic term and that offers of financial aid are contingent on the availability of funds. If you enroll for fewer units than estimated or drop classes which bring you below full-time enrollment, your award will be adjusted accordingly or withdrawn completely. Funding is not guaranteed for increased enrollment. Furthermore, you understand you must re-apply and reestablish eligibility for financial aid each award year.
- You understand that you may explore other opportunities for assistance. We encourage you to make use of the GTU Guide to External Scholarships and Resources to research other funding sources that may support your education and help to reduce the need to borrow loans.
- You understand that you must report any additional financial assistance missing on your award notice, such as scholarships, vocational rehabilitation funds, AmeriCorps, fellowships and employer tuition assistance. Additional assistance received may result in an adjustment, cancellation or required repayment of an award if additional aid exceeds your demonstrated financial need or cost of attendance.
- You will inform the Financial Aid Office of any changes in your financial circumstances, favorable as well as unfavorable, that occur within the award period. You may request a recalculation of your financial need if there is a substantial change in your financial circumstances. However, this may not result in an increase in financial aid.
- If required, you must provide verification documents requested within two weeks of the time of the request or your award will be subject to delay. An award will be adjusted or canceled if aid eligibility changes as a result of this process.
- You cannot receive financial aid from two schools at the same time for the same semester.
- If a Federal Work Study (FWS) award is included in your aid package, before beginning employment, a FWS Authorization form and a current job description must be filed with the Financial Aid Office and employment documents must be completed with Human Resources. Work-study employment is contingent upon availability of funds and is not guaranteed.
- Recipients of federal student loans must complete the online entrance counseling requirement before receiving any funds. Online counseling may be completed at .
- You understand that once financial aid funds are available for payment, financial aid will be credited to your student account to pay for your mandatory tuition/fees and any other outstanding obligations related to your educational expenses by the established deadline. If your financial aid disbursement does not cover the balance due, you are responsible for the payment.
- You acknowledge that a condition to receive financial aid requires that you maintain Satisfactory Academic Progress (SAP) standards according to policies established by the institution that are compliant with federal regulations.
- If you are awarded a merit-based scholarship and fall below the scholarship criteria, you may be responsible for repayment of the scholarship.
- According to federal regulations, if you withdraw or stop attending all classes (i.e., take a leave of absence) prior to completing 60% of any semester for which you have received a federal Direct Loan, awards may be adjusted in accordance with the refund policy and you may be required to repay all or a portion of any federal funds disbursed based on the Return to Title IV (R2T4) calculation as required by federal law. Recalculations of your financial aid may cause a balance due and you are responsible for reviewing your student billing account statement to determine if you owe a repayment of a federal Direct Loan or other type of financial aid. Any credit refund that you have received may be returned to the US Department of Education and your federal loan servicer(s) will be notified of your less than half-time enrollment status. Federal regulations require active participation in courses in order to be eligible for federal funds.
- Recipients of federal student loans must complete mandatory exit counseling prior to separation either by graduation, less than half-time enrollment, leave of absence, withdrawal or termination.
一道本不卡免费高清In an effort to educate borrowers in making informed financial decisions while in school and to help students realize their educational goals with the minimum necessary amount of educational debt, the GTU Financial Aid Office has adopted a Student Loan Borrowing Policy. Listed below are the requirements and options for the Federal student loan borrower.
- All federal student loan borrowers must complete Entrance Counseling once in the course of a program and prior to the first disbursement of loan funds. To complete online Entrance Counseling go to and sign in and select "Complete Loan Counseling," if you have not previously completed entrance counseling for the school with which your latest financial aid award is associated.
- Prior to graduating, withdrawing or dropping below half-time enrollment, all federal student loan borrowers must complete Exit Counseling. On campus exit counseling workshops are announced during the spring semester. To complete online federal student loan Exit Counseling visit .
- The Financial Aid Office requires the completion of the Budget Worksheet. Worksheets are due prior to the disbursement of the financial aid funds. The purpose the Budget Worksheet is to ensure you are choosing a loan amount that meets and does not exceed your financial need or your projected ability to successfully manage repayment. It also serves two additional purposes: it is used to estimate the annual cost of living allowances included in the annual Cost of Attendance, and it is used as a reference if/when a student appeals for a budget increase. The Budget Worksheet and Loan Repayment Estimator are due prior to the first disbursement of loan funds.
- The Financial Aid Office encourages borrowers to attend a Financial Aid Workshop or to complete at least once in the course of a student’s program. A workshop may focus on a specific topic such as scholarship research, budgeting, or loan repayment strategies. Scheduled financial aid workshops are announced to all borrowers through the Financial Aid Important Dates and Events, school e-Newsletters and by email.
- All borrowers are invited to seek Financial Aid/Loan Counseling for personal assistance in understanding available financial aid and loan repayment options. To make an appointment with a member of the Financial Aid staff, a student may contact the office by phone or email. Please visit the Federal Student Aid website at: for access to the Loan Repayment Estimator to get an idea of what your monthly loan payment may look like, depending on the repayment plan you choose. When it comes time to repay your loans, we suggest a plan that allows you to pay off your loans the fastest. Remember, the longer you take to pay off your loans, the smaller your monthly payment, but the more you will pay back in total dollars.
一道本不卡免费高清Federal student loans are long-term financial obligations and accepting a loan means accepting the responsibility for repaying the money you borrow including the cost of accrued interest and fees. Prior to requesting a student loan, it is vital for students to research the actual costs, interest rates, and the estimated timeframe for repayment of the loan(s) borrowed during the course of pursuing your degree program.
一道本不卡免费高清Title IV federal student loans are regulated by the Federal Student Aid Division of the U.S. Department of Education (FSA) and are only authorized to pay for the student’s educational expenses at the school that originates the loan. Education expenses include school charges, such as tuition, fees and indirect educational expenses such as books and school supplies, room and board, transportation to and from the GTU and any requisite education-related activities.
Federal student loans are intended to cover the nine-month academic year and are provided in two proportionately equal disbursements; the first for the fall and the second for the spring semester. Federal loan money is credited the student’s school account to pay tuition and fees and any other authorized charges, first. If the loan disbursement exceeds school charges, the GTU will pay the remaining balance to the student by direct deposit or paper check. In accordance with federal regulations, the earliest timeframe that a federal student loan can disbursed to a student’s billing account is ten (10) calendar days prior to the start of any given semester. Credit refunds are typically issued at the start of the term, and the Business Office, by federal law, has fourteen (14) calendar days from the date the loan is posted to your school account to issue a credit refund.
If you are a first-time borrower at the GTU, federal regulations require that you complete federal loan Entrance Counseling at You must be attending at least half-time (6.00 units or greater) in order to receive a loan. If you drop below 6.00 units, withdraw from all of your courses, or are terminated from financial aid for not meeting Satisfactory Academic Progress, have had any loans discharged by total and permanent disability discharge, have a federal loan overpayment, or have defaulted or on any outstanding or current federal student loans, you are not eligible for federal student aid.
Federal Direct Unsubsidized Loan
A student is not required to demonstrate financial need to borrow a Direct Stafford Unsubsidized Loan. The interest rate for a Direct Stafford Unsubsidized Loan disbursed on or after July 1, 2019 is fixed at 6.08%. Interest accrues (accumulates) on an unsubsidized loan from the time it is first paid out. The interest may be paid while the borrower is in school and during grace, deferment or forbearance periods, or the interest may accrue and be capitalized (that is, added to the principal amount of the loan). Choosing not to pay the interest as it accrues will increase the total amount a borrower will have to repay. Accrued interest is capitalized once the loan enters repayment. Repayment typically begins 6-months after a borrower graduates or otherwise drops below half-time enrollment.
A loan origination fee of 1.062% is deducted from the total amount (gross) of each Direct Stafford Unsubsidized Loan with a disbursement date on or after October 1, 2018 and before October 1, 2019. On or after October 1, 2019 and before October 1, 2020, the origination fee for federal unsubsidized loans will be 1.059%.
Federal Direct Graduate PLUS Loan
An additional loan provided under the Direct Loan Program is the Direct PLUS Loan for graduate and professional students. The terms and conditions include: a determination that the applicant does not have an adverse credit history and a fixed interest rate of 7.008% for loans disbursed on or after July 1, 2019. An origination loan fee of 4.248% is deducted from the total amount of each Graduate PLUS Loan with a disbursement date on or after October 1, 2018 or before October 1, 2019. Loans disbursed on or after October 1, 2019 or before October 1, 2020 will be assessed a loan origination fee of 4.236%. Before a student will be considered for a PLUS Loan, the Financial Aid Office must determine the student’s maximum eligibility for Direct Unsubsidized Stafford Loans. The maximum PLUS Loan amount an eligible student can borrow is the cost of attendance minus any other financial assistance received.
The repayment period for a Direct PLUS Loan begins at the time the PLUS loan is fully disbursed, and the first payment is due within 60 days after the final disbursement. However, a borrower may defer repayment while enrolled at least half-time. For Direct PLUS Loans first disbursed on or after July 1, 2008, a borrower may also defer repayment for an additional six months after ceasing to be enrolled at least half-time.
How to Avoid Processing Delays
Please do not wait until the last minute to complete and submit required forms and documents. Apply early or on-time and check your financial aid account on the GTU Net Partner Financial Aid Student Portal regularly to determine if you need to respond to any financial aid requests or have outstanding requirements. You should clear all holds on your student account and it is recommeded that you register early or on-time in order to avoid delays.
Federal Student Loan Checklist
To apply for the 2019-2020 academic year, you must complete ALL steps listed below.
- New Students must apply for Admission. Once the Financial Aid Office is informed of your admitted admissions status and have received all required application materials, we will begin the review process
- Complete & submit the 2019-2020 GTU Financial Aid Application
- Complete the 2019-2020 Free Application for Federal Student Aid (FAFSA) at and include the GTU federal school code G01207. NOTE: GTU Common MA applicants must also add the federal school code for their affiliate school.
- Complete and submit all documents requested by the GTU Financial Aid Office. (After we receive your FAFSA results from the federal processor, any required documents will be listed on your Net Partner account. Also, check your student email account for any applicable messages.)
- Complete the online Direct Loan Master Promissory Note (the MPN is a legal and binding document required by the U.S. Department of Education in order to obtain a federal loan). Log in to your account using your FSA ID at: .
- Complete online Entrance Counseling at:
- Once a financial aid award has been finalized, request a federal Direct Loan by logging into your student account on the online GTU Net Partner Financial Aid Student Portal to accept your financial aid offer.
Your federal student loan credit refund disbursement method automatically defaults to paper checks unless you complete and submit the Direct Deposit Authorization form and submit it to the GTU Business Office.
Federal Direct Loan Annual Limits and Aggregate Limits
The annual maximum loan limit of $20,500 refers to the total amount of Unsubsidized Direct Loan a graduate student may borrow based upon eligibility in a single academic year, July 1 through June 30. The lifetime aggregate loan borrowing limit of $138,500, includes all federal loans borrowed (combined FFEL and Direct Loan Programs) is inclusive of both subsidized and unsubsidized loans borrowed at the undergraduate level, excluding capitalized interest as a graduate level student. No more than $65,500 of this aggregate amount may be in the form of subsidized loans. A borrower who has reached their aggregate borrowing limit is not eligible for additional federal unsubsidized loans. Once loans are repaid, in full or in part, the borrower may apply for additional unsubsidized direct loans. Students may review their federal student loan history by logging in using their FSA ID on the National Student Loan Data System website at . For information about current loan interest rates, origination fees, and repayment options, please visit .
How to Cancel or Reduce your Loan(s)
All students have the right to request to return all or a portion of a loan disbursement by submitting a formal, written request to the Financial Aid Office within 120 days from the disbursement date. Direct Loan funds that are returned within 120 days of the disbursement by the school or borrower, for any reason, are treated as a partial or full cancellation, with the appropriate adjustment of the loan fees and interest. Students can send an email from their GTU student email account or submit a written request with a “wet” signature to the Financial Aid Office authorizing the specific gross loan amount they wish to be returned to their Federal Student Aid Loan Servicer.
After 120 days have passed, the student may return loan proceeds directly to their assigned federal loan servicer, however, there are no一道本不卡免费高清 adjustments to loan fees nor interest.
FEDERAL STUDENT LOAN TERMINOLOGY
If there is a balance due after aid has posted, please arrange to pay your outstanding balance in full or request a payment plan option by the appropriate deadlines. Per federal regulation, a school may not use federal student loans to pay prior-year charges in excess of $200. Students should contact the GTU Business Office with all questions pertaining to a billing statement, credit refund, or a balance owed.
Adding unpaid interest to the principal balance of the loan acquired. Example: if interest is not paid on an unsubsidized loan while attending school, the unpaid interest is added to the original loan principal when the loan goes into repayment. WARNING: Capitalization increases the principal amount of the loan and substantially increases the loan amount that must be repaid to the federal government.
Cost of Attendance
The Cost of Attendance (COA) or “student budget,” is the cornerstone of establishing financial need and in determining a student’s financial aid package. It sets a limit on the total aid that a student may receive for purposes of the Title IV federal student aid programs. In compliance with federal regulations, the Financial Aid Office has determined a cost of attendance that includes tuition and fees, books and supplies, housing, student health insurance, transportation, personal expenses, and loan fees. These components are costs that relate to the individual student and are educational in nature as specified by Section 472 of the Higher Education Act. A student’s total financial aid package, including scholarships, grants, other external resources, and federal student aid cannot exceed the COA.
Standard budgets for the award year covers only the period of time when students are enrolled at least half-time in a qualified degree program. On an annual basis, the Financial Aid Office determines the standard budget for financial aid applicants based on average allowable expenses for the four and a half-month academic term or nine-month academic year. Estimated costs are based on averages from the Bureau of Labor Statistics for the GTU’s geographic location and cannot ensure that all students incur the same costs of living nor that they will arrive with the same financial resources.
Credit Refund (Loans)
一道本不卡免费高清Students may be entitled to a credit refund of federal loan proceeds after all aid sources have been posted to their student billing account, and all tuition and education-related fees for the term have been assessed. Students may opt in to receive credit refunds via Direct Deposit by completing the Direct Deposit Enrollment Form and submitting it to the GTU Business Office. Students who do not submit the necessary paperwork to the GTU Business Office will otherwise receive funds in the form of a paper check.
Failure to repay a loan in accordance with the terms and conditions outlined in the required master promissory note that a student signs in order to borrow a federal loan.
A lawful way of temporarily postponing repayment of a student loan if certain conditions are met as specified by the Federal Student Aid Division (FSA) of the U.S. Department of Education. WARNING一道本不卡免费高清: During deferment, interest continues to accrue for federal unsubsidized loans.
一道本不卡免费高清A payment of loan funds which are disbursed in two relatively equal installments over the course of the standard 9-month academic year: fall and spring. Financial Aid Applicants must fulfill the following requirements to receive federal student loans at the beginning of each semester. After completion of ALL the necessary steps, students should allow at least two weeks for processing.
- Apply for financial aid;
- Receive a financial aid award and reduce, accept or decline the award online via your Net Partner account;
- Completed Entrance Counseling and signed a Master Promissory Note (link available through Net Partner);
- Clear all holds placed by various departments on your student account;
- Register full-time (12 units) unless you have petitioned and have been approved for part-time enrollment;
- Maintain Satisfactory Academic Progress
A legal way to release you from the obligation to repay your student loan(s) if you meet specified conditions set forth by the Federal Student Aid Division of the U.S. Department of Education.
Direct Loan Servicing Center
An agent contracted by the FSA to collect Direct Loans, handle deferments, repayment options and consolidation.
一道本不卡免费高清A federal requirement that explains a federal student borrower’s rights and responsibilities. Before receiving a Direct Unsubsidized and/or Graduate PLUS loan disbursement, a student must complete online Entrance Counseling at .
一道本不卡免费高清Federal student loan borrowers who graduate, take a leave of absence, fall below half-time enrollment or withdraw from school must complete exit counseling for federal loans within 30 days of separation from the school as mandated by federal regulations. Students will be contacted by email or provided with a letter via USPS to request completion of online exit counseling at .
A legitimate way to temporarily postpone repayment of a federal student loan if a borrower does not qualify for a deferment and is unable to make payments because of financial hardship. WARNING: Interest continues to accrue during forbearance.
一道本不卡免费高清Federal student loans have a grace period (typically 6 months) in which a student does not have to make payments on student loans after initially leaving school or dropping below half-time status. The grace period begins the day after you are enrolled less than half-time (less than 6.00 units). During the grace period, the student is responsible for paying the interest that accrues. At the end of the grace period, students must begin repayment of the student loan(s) borrowed, on both principal balance and accruing interest. A common misnomer is that the grace period is renewable or starts all over again once they return to at least half-time enrollment in a qualified program. If a student uses their entire grace period after temporarily leaving school or dropping below half-time, they will not receive a new grace period to use on those loans in the future.
Loan Origination Fee
A federal fee charged by the U.S. Department of Education to originate or issue a federal student loan. Federal fees are deducted proportionately from each loan before disbursing the loan to the school/borrower. NOTE一道本不卡免费高清: Students must repay the entire principal loan amount, inclusive of the origination fee.
Master Promissory Note (MPN)
A legally binding contract between a lender (federal government) and a borrower. The promissory note contains the terms and conditions of the loan, including how and when the loan must be repaid.
PLUS Credit Counseling
一道本不卡免费高清PLUS Credit Counseling is required if the U.S. Department of Education has determine an adverse credit history and the student must have:
- Obtained an endorser, or
- Documented extenuating circumstances to the satisfaction of the U.S. Department of Education
一道本不卡免费高清PLUS Credit Counseling can be completed voluntarily at any time. If PLUS Credit Counseling is completed voluntarily and the borrower has been determined to have an adverse credit history by the U.S. Department of Education within 30 days of PLUS Credit Counseling completion, the requirement will be considered to be fulfilled.
Satisfactory Academic Progress (SAP)
In accordance with Title IV federal student aid regulations, all students are required to make satisfactory academic progress (SAP) in order to maintain eligibility for financial aid. Please review the SAP policy in the Doctoral and MA Student Handbooks.
The amount owed on a loan, including any capitalized interest.
一道本不卡免费高清The period during which you are required to make payments on your loan(s). Federal Direct Loans default automatically to a standard 10-year repayment plan. However, borrowers have 10 to 25 years to repay a loan, depending upon the plan that is chosen.
Information provided to the borrower by the Direct Loan Servicing Center that indicates the amount borrowed, the amount of monthly payments and the date payments are due to their assigned loan servicer.
Return of Title IV Funds (R2T4)
一道本不卡免费高清All schools who have the privilege to participate in Title IV Aid are required to perform the Return of Title IV calculation when a student takes a leave of absence or withdraws from their program. The standard formula for Return of Title IV is calculated on a percentage basis by comparing the total number of days the student completed to the total number of days in the payment period. The payment period is defined as the semester from which the student withdraws or takes a leave. Official and unofficial withdrawal/leave of absence dates are defined as the last documented date of academically-related activity by the student. If a return creates a balance due on the student’s account, the student will be responsible for full payment. The student will not be allowed to reenter, register or receive academic transcripts until the outstanding balance has been paid in full. The R2T4 Policy can be accessed online from the GTU Financial Aid Homepage.
IMPORTANT FEDERAL STUDENT LOAN WEBSITES
一道本不卡免费高清To learn more about interest rates, how to apply for a federal loan , repayment plans, deferments, forbearance, consequences of default, please visit the Federal Student Aid website at: To estimate your monthly payments based on your current borrowing level, please visit and .
Students can log into the National Student Loan Data System using their FSA ID to retrieve their federal student loan history at or .
一道本不卡免费高清Federal Work-Study (FWS or “work-study”) is a federally funded, campus-based aid program administered by the institution to assist students who have demonstrated financial need in offsetting the costs of a student’s educational expenses. Federal law states two general purposes for the program. The first and original purpose is to stimulate and promote part-time employment of graduate and professional students who need employment to pursue courses of study at eligible institutions. The Higher Education Act of 1992 added a second purpose, to encourage students receiving federal student financial assistance to participate in community service activities that will benefit the nation and engender a sense of social responsibility and commitment to the community.
The U.S. Department of Education allocates funds for the campus-based, Federal Work-Study Program directly to schools each award year, indicating the amount of funding it is authorized to receive from the Department for the award year. Using a statutory formula and based on the amount of funds appropriated by Congress for the program, the U.S. Department of Education allocates funds based on the institution’s previous funding level and the aggregate need of eligible students in attendance in the prior year. Through the FWS program, the federal government pays a portion of the student’s salary while the institution or off campus organization the remainder.
All FWS work, whether on campus or off campus, has certain conditions and limitations. FWS employment must be governed by those employment conditions, including the rate of pay, that are appropriate and reasonable according to the type of work performed, the geographic region, the employee’s proficiency, and any applicable federal, state, or local law, including state or locally established minimum wage rates. FWS employment must not displace employees (including those on strike) or impair existing service contracts. Also, if the school has an employment agreement with an organization in the private sector, the organization’s employees must not be replaced with FWS students. Replacement is interpreted as displacement. Therefore, replacing a full-time employee whose position was eliminated (for any reason) with a student employee paid with FWS funds is prohibited in accordance with 34 CFR 675.20(c)(2)(ii). Moreover, this prohibition extends to instances where a school first replaces the full-time employee with a student position paid with college funds.
FWS positions must not involve constructing, operating, or maintaining any part of a building used for religious worship or sectarian instruction. In determining whether any FWS employment will violate this restriction, a school must consider the purpose of the part of the facility in which the work will take place and the nature of the work to be performed. For example, if the part of the facility in which the student will work is used for religious worship or sectarian instruction, the work cannot involve construction, operation, or maintenance responsibilities. If that part of the facility is not being used for religious worship or sectarian instruction, the school must first make certain that any work the student will perform meets general employment conditions and that other limitations are not violated.
一道本不卡免费高清Neither a school nor an outside employer that has an agreement with the school to hire FWS students may solicit, accept, or permit the soliciting of any fee, commission, contribution, or gift as a condition for a student’s FWS employment.
一道本不卡免费高清The Fair Labor Standards Act of 1938, as amended, prohibits employers (including schools) from accepting voluntary services from any paid employee. Any student employed under FWS must be paid for all hours worked. FWS employers must pay students at least the federal minimum wage in effect at the time of employment. If a state or local law requires a higher minimum wage, the school must pay the FWS student that higher wage. A student’s unmet need, as defined by the Federal Methodology calculation of the FAFSA, places a limit on the total FWS earnings permissible but has no bearing on their wage rate.
一道本不卡免费高清Institutions are required by federal law to use at least seven percent (7%) of its overall allocation to support students working in community service jobs with at least one student employed as a reading tutor for children in a reading tutoring project or performing family literacy activities, that may include: reading tutors for preschool age or elementary school children; mathematics tutors for students enrolled in elementary school through ninth grade; literacy tutors in a family literacy project; or emergency preparedness and response. To further encourage schools to employ FWS students in these positions and as mathematics tutors, FWS regulations authorize a 100% federal share of FWS wages.
The law requires that participants be in good academic standing, be citizens or permanent residents of the United States, and demonstrate financial need in accordance with the Federal Methodology calculation of the Free Application for Federal Student Aid (FAFSA). FWS students may work up to a recommended limit of 20 hours per week during school periods and up to 37.5 hours per week during non-enrollment (vacation) periods and the amount of the award is based on a student's need as determined by the Financial Aid Office and availability of funds. Students may be employed on or off-campus in an approved work-study position. Federal Work-Study awards do not guarantee a student employment with an eligible employer.
一道本不卡免费高清In general, students are not permitted to work in FWS positions during scheduled class times. Exceptions are permitted if an individual class is cancelled or if the instructor has excused the student from attending for a particular day. Any such exemptions must be documented and on file in the student's financial aid record.
In addition to the financial aid that is directly available to students, the GTU seeks to assist students in accessing external scholarships and other outside resources that they may be eligible to apply for. Our lists a wide range of private grants, scholarship, fellowships, and other funding opportunities.
一道本不卡免费高清Whether you are seeking funds to offset the cost of tuition, support research interests, or subsidize your dissertation year, the GTU External Scholarship Database is a great place to start. The pages on this database include a myriad of scholarships, grants, fellowships, loan opportunities, and other forms of financial assistance that are available to students at the GTU.
External/Outside Aid Resources
Outside resources are considered to be a part of a need-based financial aid award package. Federal law and institutional policy require all students to report any external resources, not directly awarded by the GTU, which they expect to receive during any given academic year. Sources of outside aid includes, but is not limited to, scholarships, grants, fellowships, sponsorships, church, congregation, or denomination support, tuition remission, vocational rehabilitation, stipends, AmeriCorps and any other form of aid that is not awarded directly by the institution. Outside resources must be factored into the calculation of a student’s eligibility for institutional and federal financial aid, and, if necessary, a student’s financial aid package will be adjusted to account for any additional assistance received.
一道本不卡免费高清Students must report all outside sources of financial assistance they will receive so that any applicable changes can be made to a financial aid offer in anticipation of these funds. Studnets must indicate the total amount they will receive for the full academic year. If the amount varies, amounts should be specified for each term in which external funding will be provided. PLEASE NOTE: Outside aid awards are disbursed according to donor specification. Unless otherwise specified, aid will be applied in full to the term in which the payment is received. Should a student’s aid package change, a notification of the revision will be sent by email to the student’s GTU email address.
Please submit a completed Verification of External Aid form to the Financial Aid Office as early as possible after notification of any additional financial assistance. If you have any questions about a possible revision to your financial aid package, please contact the Financial Aid Office at (510) 649-2469 or firstname.lastname@example.org.
All outside scholarship checks should be made payable to the Graduate Theological Union and must include the student’s full name and GTU student ID# in the memo section of the check. If a check is made payable to both the student and the GTU, the student must endorse the check before it can be deposited and credited to their student account. Outside resource checks should be mailed to:
Graduate Theological Union
Attn: Business Office
2400 Ridge Road
Berkeley, CA 94709-1212
Return to Title IV (R2T4) Policy
一道本不卡免费高清The Higher Education Reauthorization Act of 1998, as well as integrity regulations in 2010, set forth rules governing the treatment of Title IV funds when a student cancels enrollment, takes a leave of absence, withdraws, or is dismissed. Federal student aid funds, formally referred to as Title IV funds, are awarded to a student under the assumption that they will be in attendance for the entire period for which the assistance is awarded. The term “Title IV,” as outlined in this policy refers to the federal financial aid programs authorized under the Higher Education Act of 1965 as amended (HEA) and includes the William D. Ford Direct Unsubsidized and Graduate PLUS loan programs.
一道本不卡免费高清The Code of Federal Regulations, CFR 668.22, mandates that a Return of Title IV funds calculation be performed when any student who received, or was eligible to receive, Title IV (TIV) aid ceases attendance in all classes prior to completing the payment period or semester. A student who never began attendance is not eligible for Title IV funds. A return calculation is not required if a student never began attendance, continues to attend at least one Title IV eligible class, is on an approved leave of absence that was granted before the semester began, or did not receive and is not eligible to receive any TIV aid. If a disbursement was made prior to determining that the student never began attendance, all funds must be returned to the U.S. Department of Education and a Return to Title IV funds calculation is unnecessary.
This policy provides information regarding the Return to Title IV (R2T4) funds calculation for students who cease enrollment before completing the semester. When a student withdraws, a refund of tuition and fees must be calculated by the Business Office and the Financial Aid Office must calculate the R2T4 funds. The student may receive a full or partial refund of their tuition and fees based on the date they cease to be enrolled. A refund calculation will not impact the R2T4 calculation, but could potentially affect the amount of money owed to the school for terminating enrollment. Students should review the GTU’s Tuition Refund Policy for detailed information.
一道本不卡免费高清Within thirty (30) calendar days of a student’s withdrawal, leave of absence or termination, the Financial Aid Office must perform an R2T4 calculation to determine how much aid, if any, must be returned. The R2T4 calculation must be completed in accordance with federal regulations using the requisite worksheet provided by the U.S. Department of Education. It is a prorated calculation based on the portion of the term during which the student earned Title IV funds. A student is only eligible for the percentage of Title IV aid disbursed that is equal to the percentage of the semester that was completed.
一道本不卡免费高清The R2T4 calculation identifies two types of federal student aid, earned and unearned. Earned aid is based on a percentage calculated by dividing the number of days the student completed by the number of days in the payment period. The number of days counted includes all calendar days in the semester including weekends and holidays, but excludes scheduled breaks of five consecutive days or more. A student who remains enrolled beyond the sixty (60%) percent point of the payment period or semester is considered to have earned all received and disbursable aid. Disbursable aid includes federal funds received and funds that could have been (but was not) disbursed as of the withdrawal date. If a student’s earned aid exceeds disbursed aid, the GTU must offer a post withdrawal disbursement within thirty (30) calendar days of the date it determined that the student withdrew. No post-withdrawal disbursement will be made if the student does not respond affirmatively within fourteen (14) calendar days of the notification date. If the student requests a post-withdrawal disbursement and there are outstanding charges on their account, the GTU will first credit the account for all or part of the amount of the post-withdrawal disbursement up to the allowable charges.
The charges used in the calculation are those that were initially assessed for the entire semester or payment period. The Financial Aid Office must ensure the inclusion of all appropriate tuition and educational fees in the R2T4 calculation. The GTU is responsible for returning the lesser of the total amount of unearned aid or the institutional charges multiplied by the percentage of unearned aid no later than forty-five (45) calendar days after it determines that the student has ceased enrollment in all classes. If the student receives more Title IV aid than the amount earned, the school, the student, or both must return the unearned funds in a specified order as follows:
- Federal Unsubsidized;
- Federal Perkins;
- Federal Graduate PLUS.
Students must provide official notification of their intent to either take a leave of absence (leaving with a firm and stated intention of returning) or by withdrawing (leaving without intent to return). Students choosing to take a leave of absence or withdraw should follow the official leave or withdrawal processes as defined in the Student Handbook. Official notification from the student is any notification that is provided orally or in writing to a designated campus official acting in their official capacity in the leave or withdrawal process.
If a student begins to attend class, receives federal aid, but then ceases to attend class without providing official notification to the school, the GTU and the Federal Government considers this to be an unofficial leave or withdrawal. In addition, federal regulations consider students that receive all non-passing grades or a combination of non-passing and withdrawal (W) grades, as an unofficial withdrawal. When the student has failed to earn a passing grade in at least one class for the term, federal regulations require the school to determine whether the student established eligibility for funds disbursed by attending at least one class or participating in an academically-related activity. If the school cannot verify that the student attended, all financial aid must be repaid to the federal program and the student will be responsible for any balance due. Students who are able to verify attendance may submit supporting documentation to the GTU within thirty (30) days from the last day of the semester. Recalculations for aid eligibility will not be performed for documentation received after that date. Once grades are posted for a student who receives all non-passing grades, the school will return all unearned aid back to the federal and institutional programs and the student will be charged.
The GTU is not required to take attendance, therefore the date of determination varies depending on the type of leave or withdrawal: official or unofficial. When a student provides official notification through the formal processes, the withdrawal date is the student’s last day of attendance in an academically-related activity or the date of notification, whichever is later. Schools that are not required to take attendance must select a method to determine the student’s last day of attendance when the leave or withdrawal are considered unofficial. For Title IV purposes, the withdrawal date is the midpoint of the semester, the date the school becomes aware that the student ceased attendance in an academically-related activity, or the date an event occurred which prevented the student from officially withdrawing from the institution. Such events include illness, grievous personal loss, or other circumstances beyond the student’s control. Please note that a key component of Satisfactory Academic Progress (SAP) is course completion. A total withdrawal contributes no completed units toward the completion of a student’s program. Absence of course completion during a semester could be viewed as negative progress towards degree completion. Students should review the GTU Doctoral or Master of Arts SAP policies for more information.
Academically-related activities include but are not limited to:
- Physically attending a class where there is an opportunity for direct interaction between the professor and students;
- Submitting an academic assignment;
- Taking an exam, completing an interactive tutorial, or participating in computer-assisted instruction;
- Attending a study group that is assigned by the school;
- Participating in an online discussion about academic matters; and,
Initiating contact with a faculty member to ask a question about the academic subject studied in the course.
一道本不卡免费高清Academically-related activities do not include activities where a student may be present but not academically engaged, such as:
- Living in institutional housing;
- Participating in the school’s meal plan;
- Logging into an online class without active participation;
- Participating in academic advising or counseling.
The school’s responsibility as it pertains to R2T4 include:
- Making this policy available to all federal aid recipients;
- Identifying students who are affected by this policy and completing the Return to Title IV Federal Funds calculation for those students; and,
- Making the required returns of Title IV funds.
The student’s responsibility with regard to the return of Title IV include:
- Notifying the GTU of intent to withdraw or take a leave of absence;
- Following the procedures for officially withdrawing or taking a leave of absence; and,
- Returning to the Title IV federal programs any funds that were disbursed directly to the student by which the student was determined to be ineligible;
- Paying any outstanding balance owed to the GTU resulting from an R2T4 calculation.
Students should contact the Financial Aid Office if considering enrolling in fewer units than indicated, plan to drop course(s) prior to the start date of the course(s), or if some classes are canceled after aid has disbursed, as this may result in a reduction or cancelation of financial aid. Students who drop below half-time enrollment are ineligible for federal student loans. Students who drop or withdraw from any modular course and plan to enroll in a future course in the summer term must immediately confirm their intent to re-enroll, in writing, to the Financial Aid Office, per federal regulation. Students who fail to confirm their intent, will be assumed to be withdrawn and any aid disbursed will be adjusted or canceled.
Return to Title IV Funds Calculation Example
A full-time student was registered for the fall 2019 term. There are 103 days in the semester. The student took a leave of absence on 09/23/19. Including 09/23/19, the student attended 21 days of the semester.
Step 1: Types and amounts of Title IV aid received (Net disbursement amounts)
$10,141 Unsubsidized Stafford Loan
一道本不卡免费高清 $10,141 Total aid received
Step 2: Percentage of Title IV earned/unearned
21 days attended divided by 103 days in semester = 20.38%.
The percentage of aid the student earned for the semester is 2038%.
The percentage of unearned aid is 79.62% (100% - 20.38%).
Step 3: Net amount of Title IV aid earned by the student
20.38% of the $10,141 aid received = $2,485.55
Step 4: Total aid to be returned (unearned) by school and student
$10,141 (aid received) minus $2,066.73 (earned aid) = $8074.27
一道本不卡免费高清 Total aid to be returned to Title IV = $8074.27
Step 5: Net amount to be returned by the school
Multiply institutional charges of $17,100 by 79.62% = $13,615.02.
The school is responsible for returning the lesser of this amount or the amount from Step 4 ($8074.27).
一道本不卡免费高清 In this case, the school must return $8074.27 to the loan servicer.
Step 6: Allocation of funds
$8074.27 in unsubsidized loans will be returned to the student’s loan servicer.
Step 7: Unearned net amount due from student
Subtract the school portion to be returned (Step 5) from the total amount to be returned (Step 4).
8074.27 - $8074.27 = $0. In this example, the student is not required to return funds to the loan servicer.
Once the Financial Aid Office determines the amount of unearned aid that the GTU is responsible for returning, the student and the Business Office will be notified. An email to the student will specify the amount of aid that must be returned by the school and will identify the Title IV loan program(s) to which the funds will be credited. The email will also specify the amount of aid that must be repaid by the student in accordance with the terms and conditions outlined on their signed federal Master Promissory Note (MPN). That is, the student must make scheduled payments to the loan servicer over a period of time. The GTU will return all excess funds, including funds the R2T4 calculation identifies as the student’s responsibility to return. If the school’s portion of the funds to be returned creates a balance due on the student’s account, they will be billed. Students must pay the outstanding balance in full before registering for additional classes, requesting official transcripts and receiving their diploma.
一道本不卡免费高清Withdrawing may affect the student’s eligibility for federal aid in subsequent terms. Anytime a student ceases to be enrolled at least half-time, the grace period begins. The grace period for loan repayment for federal Direct Unsubsidized and Graduate PLUS loans will begin as of the day the student ceases to be enrolled at least half-time. If the student is not enrolled at least half-time for more than six (6) months, the loans will enter repayment. If the grace period has expired, payment is due immediately. It is important to make on-time payments to prevent default. A loan is considered delinquent if one payment is missed. Delinquent loans are listed on a credit report and lowers a borrower’s credit score thereby adversely affecting credit. Failure to repay federal student loans for 270 days or more results in default and loss of eligibility for future financial aid. A high percentage of federal loan default may negatively impact the GTU by preventing its ability to continue to participate in Title IV federal student aid programs. Other consequences of default include federal tax refunds being applied to the defaulted loan, collection fees of up to 24% on each payment, a portion of the loan may be deducted from wages, loss of eligibility for deferments and forbearances, the state may revoke a professional license and the federal government may pursue delinquent debt collection procedures and litigation.
Students may review their federal loans on the National Student Loan Data System (NSLDS) and studentloans.gov. They are the U.S. Department of Education’s online database for federal student loan borrowers. The NSLDS site displays information on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements. It is important that students understand where they stand with their current borrowing and it is good practice for students to periodically review NSLDS to help them manage their borrowing and to keep them informed. This web-based resource allows them to be an educated borrower by providing constant access to the details of their loans. Studentloans.gov allows students to view and print their Master Promissory Note, view a list of their loan servicers, and utilize the Repayment Estimator Tool.
Before considering a leave of absence or withdrawal, students should refer to their Student Handbook to review the requirements and procedures. When possible, we recommend that federal student aid borrowers consult with the Financial Aid Office to discuss possible implications if considering a leave or withdrawal.
The policies and procedures listed are subject to change without advance notice based on changes to federal laws, federal regulations, or school policies. If changes are made, students must abide by the most current policy. The Return to Title IV calculation is very encompassing and this is intended to be an overview of the policies and procedures that govern regulations pertaining to R2T4.
Schools in most states and the District of Columbia must make a good faith effort to distribute voter registration forms to their students. This voter registration requirement was included in the National Voter Registration Act of 1993. In essence, if a Title IV (Federal Student Aid) participating school is located in a state that requires voter registration prior to election day and/or does not allow the ability to register at the time of voting, then the school must make a good faith effort to distribute voter registration forms to its federal student aid eligible students.
一道本不卡免费高清To meet this requirement, federal student aid recipients attending the Graduate Theological Union will receive an annual reminder via email of the following ways to complete voter registration:
- To register to vote in the State of California using the online application, visit .
- Voter registration forms are available at the Registrar of Voters Office located in the Alameda County Courthouse at 1225 Fallon Street, Room G-1, Oakland, California 94612.
- Forms are also available at all offices of the Department of Motor Vehicles, all city clerks offices, public libraries and post offices.
- Individuals may also call the Registrar of Voters at 510-267-8683 or the Secretary of State at 1-800-345-VOTE in order for a registration form to be provided by mail.
To successfully register to vote, it is important that the voter registration application be filled out completely and be postmarked or hand-delivered to the county elections office at least 15 days before a primary or a general election.
Graduate Theological Union
Financial Aid Office
2400 Ridge Road
Berkeley, CA 94709