Putting It Together Undergraduate 2015 16 by Santa Clara University

Putting It Together

2 015 â&#x20AC;&#x201C; 2016

Santa Clara University

www.scu.edu/financialaid

Putting It

Together

Academic Year 2 015 –16 A Guide to Undergraduate Financial Aid

Table of Contents Welcome to Santa Clara University! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Financial Aid Office Mission Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Financial Aid Checklist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Key Dates and Deadlines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Cost of Attendance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Family Educational Rights and Privacy Act of 1974 (FERPA) . . . . . . . . . . . . . 5 What Is Financial Aid? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 How Is Financial Aid Determined? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 My Award Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 How to View or Print My Award Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Santa Clara University Awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 –10 State Awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Federal Awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12–13 Other Financing Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Calculating and Paying Your Bill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Impact of Enrollment Status on Disbursements and Refunds . . . . . . . . . . 15 Verification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Reapplying for Aid for 2016–17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Financial Aid Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Bursar’s Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 What if I Have Other Questions? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Note: E very effort has been made to ensure the accuracy of the information in this publication. However, because financial aid policy is subject to change, especially regulatory changes, which occur frequently at federal, state, and University levels, the information contained herein is subject to change without notice.

Welcome to Santa

Clara University!

Congratulations on your offer of

aid. We hope it will answer many

admission to Santa Clara University.

of your questions. After reading

Financial Aid Office Mission Statement

We look forward to welcoming you

this guide, feel free to write,

Our commitment and our goal is to

to our campus this coming year.

email, telephone, or schedule an

provide the highest quality service

In the meantime, the staff in Santa

appointment if you need additional

to advance Santa Clara University’s

Clara University’s Financial Aid

information or have any questions.

mission of educating men and

Office is available to assist you.

Santa Clara University

You and your family are now facing

Financial Aid Office

the important issue of financing

500 El Camino Real

your college education. Paying

Santa Clara, California 95053 USA

for your education involves a partnership with you, your parent(s), various government agencies, and Santa Clara University. This guide provides details about the various components of your financial aid award notification and about Santa Clara University’s policies regarding

santa clara university

Phone: 408-551-1000 Fax: 408-554-2154 Email: onestop@scu.edu www.scu.edu/financialaid

women of integrity to create a more just, humane, and sustainable world.

Financial Aid Checklist Review your Financial Aid Award Letter Read Award Terms and Conditions (as well as this guide) Accept or decline your aid via eCampus First-time recipients of the Federal Direct Loan program must complete both Loan Entrance Counseling and the Master Promissory Note (MPN)) Complete and return any additional paperwork requested with your award Check your email for periodic communication and award updates Complete the FAFSA annually to remain eligible for financial aid

Key Dates and Deadlines 2014 November 15 Early Decision CSS/PROFILE Deadline (SCU Need-based Aid Consideration)

2015 January 7

July 1 Parent(s) wishing to borrow a Direct PLUS Loan may begin to apply for loan

Early Decision Enrollment Confirmation Deadline

Parent(s) with adverse credit need to complete Direct PLUS Loan Entrance CounselingParent(s) need to complete a Direct PLUS Loan Master Promissory Note

February 1 Early Decision FAFSA Deadline (Federal Aid Consideration) Early Action FAFSA Deadline (Federal Aid Consideration) Regular Decision CSS/PROFILE Deadline (SCU Need-based Aid Consideration) Regular Decision FAFSA Deadline (Federal Aid Consideration)

tudent loan borrowers need to have S completed Loan Entrance Counseling Student loan borrowers need to have completed Master Promissory Note

September 19 & 20 Welcome Weekend

March 2 Cal Grant GPA Verification form due to California Student Aid Commission

September 21

April 11 & 12

2016 January 4

Preview Day

May 1

Fall Quarter begins

Winter Quarter begins

Early Action Enrollment Confirmation Deadline

March 2

Regular Decision Enrollment Confirmation Deadline

March 29

Submit Housing Deposit

Undergraduate FAFSA Deadline

Spring Quarter begins

Accept/Decline Your Award

Early Action CSS/PROFILE Deadline (SCU Need-based Aid Consideration)

financial aid—putting it together

we want you to know the total cost of your education at Santa Clara University and understand all your financial aid options for bringing this great opportunity within reach. The Financial Aid Office establishes cost of attendance,

Off Campus

Commuter

Direct Costs We all realize that cost often affects college choice. That is why

On Campus Tuition

$43,812

12,921

11,493

4,599

Total Direct Costs

$56,733

$55,305

$48,411

Indirect Costs

Cost of Attendance

Undergraduate Cost of Attendance 2014 –15

Books & Supplies

$1,746

864

1,278

1,134

2,295

2,871

3,132

$4,905

$5,895

$ 6,012

$61,638

$61,200

$54,423

Room & Board

Transportation Personal Expenses Total Indirect Costs Total Costs

which is used to determine financial aid eligibility as well as provide students and their families with a reasonable estimate of the cost of attendance at Santa Clara University. Cost of attendance includes allowances for tuition, room, board, books, supplies, and other expenses. The cost of attendance provides a more accurate and comprehensive picture of what it will cost to attend Santa Clara University.

santa clara university

Note: The cost of attendance is based on a full-time undergraduate student. In addition, at the time of publication, the 2015 –16 cost of attendance was not available. Please refer to our website after February 1, 2015 for the 2015–16 cost of attendance. Santa Clara University will bill you for direct costs, which will include tuition and housing charges. Indirect costs are an average of the costs you may incur while attending Santa Clara. These average costs are determined annually, based on statistical data provided by the California Student Aid Commission.

Family Educational Rights and Privacy Act of 1974 (FERPA) The Family Educational Rights and Privacy Act of 1974 (FERPA) (20 U.S.C. § 1232g: 34 CFR Part 99) is a federal law that protects the privacy of student education records. This law applies to all schools that receive funds under an applicable program of the U.S. Department of Education. FERPA gives parents certain rights with respect to their children’s educational record. These rights transfer to the student when s/he reaches the age of 18 or attends a school beyond the high school level. The Financial Aid Office is limited in what student information can be released to parents of all eligible students. The Financial Aid Office may not release a student’s award status, award amount, and disbursement information of student funds without consent from the student. Federal regulations regarding the confidentiality of information about financial aid applications and awards provide that an

Learn More

institution must obtain prior authorization from the student before

For additional information on FERPA, please visit

sharing any information with other individuals, such as parents.

Santa Clara University’s FERPA website at

In order to simplify and expedite the need for such information

www.scu.edu/ferpa.

sharing, it is recommended that students authorize the Financial Aid Office and Santa Clara University to communicate with their parents by completing the FERPA release form.

financial aid—putting it together

What Is

Financial Aid?

Financial aid is assistance to help finance your college education. This assistance is awarded to allow you to attend the school of your choice and to make it possible for you to complete your program of study. Financial aid may be awarded as scholarships, grants, student employment, or loans.

Students receiving financial aid must maintain satisfactory academic progress in order to remain eligible for aid consideration. All students who receive financial aid are expected to complete a minimum number of credit hours and maintain a minimum grade point average each quarter

Financial aid is intended to supplement, not replace,

as a demonstration that they are making satisfactory

financial contributions from you and your parents.

academic progress. For additional information on SCU’s

Financial aid programs are sponsored by the following:

Satisfactory Academic Progress requirements, please visit

• the federal government • the state • private organizations • Santa Clara University

Eligibility The federal government sets certain requirements the student must meet to receive federal funds. Students must meet all of following criteria: • be a U.S. citizen or eligible noncitizen • have a valid Social Security Number • be enrolled in an eligible degree or certificate program • be registered for Selective Service, if required • not owe a refund on a federal grant or be in default on a federal education loan

Drug Regulations The Deficit Reduction Act of 2005 (DRA) suspends federal aid eligibility for students convicted under federal or state law of sale or possession of drugs while they are enrolled in a postsecondary institution and are receiving federal aid.

Satisfactory Academic Progress (SAP)

santa clara university

www.scu.edu/sap.

How Is

Financial Aid Determined?

We carefully evaluate the information you and your parent(s) provide on the financial aid applications (CSS/Financial Aid PROFILE® and the FAFSA: Free Application for Federal Student Aid). To determine your financial aid eligibility we use a process referred to as the needs analysis formula, as legislated by Congress. The needs analysis formula is in place to ensure that students are treated in a consistent manner.

What if My Parent(s) Refuse to Contribute to My Education? Santa Clara University expects your parent(s) to provide financial support, according to their ability to do so, throughout your undergraduate years. Should a parent voluntarily discontinue support, University-funded assistance cannot be made available to replace parental contribution. It may be possible for you to borrow to meet the expected parental contribution. We suggest that you discuss this

COST OF ATTENDANCE – EXPECTED FAMILY CONTRIBUTION

option with your financial aid advisor.

= FINANCIAL NEED

What if I Am Financially Independent of My Parent(s)?

Note: The expected family contribution is not necessarily your out-of-pocket cost to attend college.

Although you may consider yourself an independent (self-supporting) student, Santa Clara University uses the federal definition of independence for the purpose

As you examine your award, note that your expenses for the 2015 –16 academic year may be paid from a variety of resources. These resources could include any combination of contributions from you, your parents, government-sponsored grants, University-sponsored grants

of awarding federal, state, and University programs. To be considered independent, you must have been at least 24 years of age when you completed the FAFSA. Alternatively, you must have answered “Yes” to one of following FAFSA statements:

or scholarships, student employment, student loans, parent

• Are you married as of the date you complete the FAFSA?

loans, private alternative loans, and scholarship assistance

• Do you have children who receive more than half their support from you?

from private agencies. Your award reflects your family’s particular circumstances, the eligibility requirements of different financial aid programs, and the availability of funds.

• Do you have dependents other than your spouse or children who live with you and who receive more than half their support from you? • Did you have no living parents (biological or adoptive) when you were age 13, even if you are now adopted? • Are you or were you in foster care or a ward or dependent of the court at any time when you were 13 or older (even if you are not anymore)? • Are you an emancipated minor or in legal guardianship as determined by the court in your state of legal residence? (Continued next page)

financial aid—putting it together

How Is

Financial Aid Determined?

(Continued from previous page)

• Are you a self-supporting unaccompanied youth who is homeless or at risk of homelessness?

How to View or Print My Award Letter

• Are you a veteran of the U.S. Armed Forces, or have you attended a service academy and were released under a condition other than dishonorable?

1. Go to www.scu.edu/ecampus

• Are you currently serving on active duty (other than training) in the U.S. Armed Forces?

My Award Letter Your award letter may include assistance from one or more programs. Before you accept or decline any funds from these

2. Type your eCampus ID number and your password in the eCampus login box 3. Under “Finances” select “View/Print Award Letter” 4. Select the “View” link to access your award; you can print your award letter by selecting the PDF icon under “Print”

programs, be sure that you understand the related terms,

Your eCampus account was created when you applied to

conditions, and responsibilities.

Santa Clara University. You can find your eCampus ID number on your admission letter. If you forgot your password, select “Forgot your password?”, and a new password will be sent to the email address on your admission application.

santa clara university

Santa Clara University

Awards

Santa Clara University offers a number of scholarships and

• Merit-based

grants for undergraduates. These awards are generally offered

• No CSS/PROFILE or FAFSA required

in recognition of academic merit, athletic ability, financial need,

• Awards: Full tuition

and/or artistic talent.

• Renewable for 12 consecutive academic quarters

Johnson Scholars Award

• Must meet satisfactory academic progress and a 3.5 cumulative GPA

The Johnson Scholars comprehensive merit award is provided

• Indexed to tuition increases

to freshmen who demonstrate the highest levels of academic

• Coordinated with federal, state, and other University aid

ability, motivation, and leadership potential.

• Recipients selected at time of admission

• Merit-based

Provost Scholarship

• No CSS/PROFILE or FAFSA required • Awards: Full tuition, room & board; summer stipend upon application in sophomore/junior year

The Provost Scholarship is awarded to freshmen who have assumed leadership roles in their schools and

• Renewable for 12 consecutive academic quarters

their communities.

• Must meet satisfactory academic progress and a 3.5 cumulative GPA

• Merit-based

• Indexed to tuition increases • Coordinated with federal, state and other University aid • Recipients selected at time of admission

Presidential at Entry Scholarship

• No CSS/PROFILE or FAFSA required • Awards: Half tuition • Renewable for 12 consecutive academic quarters • Must meet satisfactory academic progress and a 3.0 cumulative GPA • Indexed to tuition increases

The Presidential at Entry Scholarship is awarded to freshmen

• Coordinated with federal, state, and other University aid

who demonstrate qualities identified and emphasized by

• Recipients selected at time of admission

the president of Santa Clara University as critical to the University’s mission.

(Continued next page)

financial aid—putting it together

(Continued from previous page)

SCU Dean’s Scholarship The Dean’s Scholarship is awarded to freshmen who are admitted to the College of Arts & Sciences, School of Business, or School of Engineering. • Merit-based • No CSS/PROFILE or FAFSA required • Awards: Vary • Renewable for 12 consecutive academic quarters • Must meet satisfactory academic progress and a 3.0 cumulative GPA • Not indexed to tuition increases • Coordinated with federal, state, and other University aid • Recipients selected at time of admission

• CSS/PROFILE required at initial time of awarding • Not indexed to tuition increases • Coordinated with federal, state, and other University aid • Recipients selected at time of admission

SCU Incentive Grant The SCU Incentive Grant is a personal recognition scholarship awarded to selected individuals who are not receiving other forms of University assistance, and who will improve the characteristics of the entering class by virtue of the degree to which they are able to foster a stronger spirit of inclusive excellence among our students as measured by geographic, gender, economic, and ethnic diversity. • Awards: Vary

Jesuit Ignatian Award

• Renewable for 12 consecutive academic quarters

The Jesuit Ignatian Award is awarded to needy freshmen who

• Must meet satisfactory academic progress and a 2.0 cumulative GPA

have graduated from a Jesuit high school.

• Not indexed to tuition increases

• Need-based

• Coordinated with federal, state, and other University aid

• Awards: Vary

• Recipients selected at time of admission

• Renewable for 12 consecutive academic quarters • Must meet satisfactory academic progress and a 2.0 cumulative GPA • FAFSA required annually • CSS/PROFILE required at initial time of awarding • Not indexed to tuition increases • Coordinated with federal, state, and other University aid • Recipients selected at time of admission

Alumni Family Scholars Program The Alumni Family Scholars Program is awarded to freshmen who are identified from the admission application, and decisions are made by the Alumni Family Committee in consultation with the Financial Aid Office. • Need-based • Awards: Vary and are limited

SCU Need-based Grant The SCU Need-based Grant is a University-funded grant awarded to freshmen who demonstrate financial need. • Need-based • Awards: Vary • Renewable for 12 consecutive academic quarters, if there is demonstrated financial need • Must meet satisfactory academic progress and a 2.0 cumulative GPA • FAFSA required annually

10 santa

clara university

• Children and grandchildren of SCU Undergraduate Alumni • Must meet satisfactory academic progress • FAFSA required annually • Coordinated with federal, state, and other University aid • Recipients selected at time of admission

Note: For more information regarding this scholarship, visit the Alumni website (www.scu.edu/alumni) or contact the Alumni Office at 408-554-6800.

State

Awards

IRS Treatment of University Scholarships and Grants Treatment of scholarships and grants under the IRS publication 970 and Tax Topic 421 of the Internal Revenue Code provides that you may exclude from your gross income only scholarship and grant amounts used for • Tuition and fees required for enrollment or attendance at the educational organization; and • Books, supplies, and equipment required for courses of instruction.

• Have family income and assets below the established ceilings • 3.0 high school GPA or 2.4 college GPA • Available to undergraduate students who have not earned a bachelor’s degree or professional degree • Must meet satisfactory academic progress • Student must be enrolled at least half time

Cal Grant B Cal Grant B is a state-funded program for California residents. Recipients are chosen on the basis of both academic achievement and financial need. If selected for this award,

Amounts used for other expenses, such as room and board, can

you will receive notification from the California Student Aid

be included as income.

Commission (CSAC).

State Awards

• Need-based

There are two grant programs administered by the California

• 2014 –15: $1,648 (first year), $9,084 plus $1,648 subsequent years (new to program)

Student Aid Commission (CSAC) for eligible students pursuing a postsecondary education: Cal Grant A and Cal Grant B.

• FAFSA required annually • Have family income and assets below the established ceilings

Cal Grant A

• 2.0 high school GPA

Cal Grant A is a state-funded program for California residents.

• Available to undergraduate students who have not earned a bachelor’s degree or professional degree

Recipients are chosen on the basis of both academic

• Must meet satisfactory academic progress

achievement and financial need. If selected for this award,

• Student must be enrolled at least half time

you will receive notification from the California Student Aid Commission (CSAC). • Need-based • 2014–15: $9,084 (new to program) • FAFSA required annually

Note: If you are a new Cal Grant applicant for 2015–16, and an estimated Cal Grant appears on your award letter, this estimate is based on your academic record and the financial data on your FAFSA form. Although this should be a reasonable estimate, please remember that the California Student Aid Commission determines your Cal Grant eligibility.

financial aid—putting it together

Federal

Awards

Federal Grants There are three grant programs administered by the U.S.

Federal Supplemental Educational Opportunity Grant

Department of Education for eligible students pursuing a

The Federal Supplemental Educational Opportunity Grant

postsecondary education: the Federal Pell Grant, the Federal

(FSEOG) is a federally funded grant awarded by the Financial

Supplemental Educational Opportunity Grant (FSEOG), and

Aid Office.

the Teacher Education Assistance for College and Higher

• Need-based

Education Grant (TEACH).

• Awarded to Pell Grant–eligible students

Please note: For information concerning the TEACH Grant, visit our website (www.scu.edu/financialaid).

Federal Pell Grant The Federal Pell Grant is a federally funded grant awarded by the U.S. Department of Education. • Need-based • 2014–15: Awarded to students with an EFC less than $5,157 • 2014–15 Amount range from $602 to $5,730 • Lifetime Eligibility Used: Equivalent to six years of Pell Grant funding • FAFSA required annually • Must meet satisfactory academic progress • Available to undergraduate students who have not earned a bachelor’s degree or professional degree • In some cases, a student receives a Federal Pell Grant for attending a post-baccalaureate teacher certificate program • Awarded to both full- and part-time undergraduate students

12 santa

clara university

• Award amounts vary • FAFSA required annually • Must meet satisfactory academic progress • Available to undergraduate students who have not earned a bachelor’s degree or professional degree

Federal Work Study The Federal Work Study program provides part-time employment to undergraduates who need the income to help meet college costs. It is based on available funding and financial need.

Note: Federal Work Study is not credited to your student account. Rather, wages are paid twice a month for the hours actually worked in the form of a paycheck directly to you, the student. The maximum annual earnings are limited to the amount listed in your award letter.

Federal Direct Loan William D. Ford Federal Direct Loan is a federal loan program

Loan Entrance Counseling and the Master Promissory Note

designed for students to help pay for the cost of their

All first-time student loan borrowers need to complete Loan

education. The program has two types of student loans,

Entrance Counseling and the Master Promissory Note (MPN)

subsidized and unsubsidized.

before you receive your student loan. The purpose of Loan

Students who demonstrate financial need are eligible for the subsidized program. Eligibility for the unsubsidized program is not contingent upon financial need; thus, students are responsible for interest that accrues on the loan while in

Entrance Counseling is to educate you about student loans so that you will be a well-informed borrower. The Master Promissory Note is the legal document that holds you responsible for repayment of the loan.

school. The Financial Aid Office determines which loan is

Go to https://studentloans.gov to complete your Loan

available to you.

Entrance Counseling and the Master Promissory Note.

Note: Independent students and students whose parents are unable to secure loans through the William D. Ford Federal Direct PLUS Loan program may also borrow additional funding from the unsubsidized loan program. Contact the Financial Aid Office for additional information.

Note: The Loan Entrance Counseling and Master Promissory Note processes are to be completed by you, the student. It is illegal for anyone other than the student to complete the promissory note; doing so is considered fraud and is punishable in accordance with federal law.

William D. Ford Federal Direct Loan Annual Limit

Freshmen Sophomore Junior

Senior

$5,500 $6,500 $7,500 $7,500 Subsidized

Need-based and ceases when a student completes 150% of the units required for his/her degree.

Interest

2014–15: 4.66% fixed-variable interest rate, capped at 8.25%

Fees

2014 –15: 1.073% origination fee

Repayment

Repayment begins six months after the student graduates or ceases to be enrolled at least half time.

Aggregate Limit

Dependent undergraduates are limited to $31,000 ($23,000 subsidized). Independent undergraduates are limited to $57,500 ($23,000 subsidized).

Note: As of July 1, 2013, Federal Direct Loan interest rates are variable, but unlike other loans with variable rates, these loans will have a locked-in rate for the life of the loan. On July 1 of each year, undergraduate subsidized and unsubsidized Federal Direct Loans will have an interest rate of the 10-year Treasury index rate plus 2.05%.

financial aid—putting it together

Other Financing

Options

Private Scholarships In addition to federal, state, and University funding, there are plenty of other awards sponsored by corporations, civic organizations, religious organizations, and other groups that

Note: As of July 1, 2013, Federal Direct PLUS Loan interest rates are variable, but unlike other loans with variable rates, these loans will have a locked-in rate for the life of the loan. On July 1 of each year, Federal Direct PLUS Loans will have an interest rate of the 10-year Treasury index rate plus 3.6%.

are designed to help students with their college costs. More information can be found at • www.fastweb.com • www.collegeboard.org • www.finaid.org/scholarships

Payment Plans For students and their families wishing to spread payments over a period of time, Santa Clara University does offer various extended payment plans. To learn more about these payment plans, visit www.scu.edu/bursar or contact the Bursar’s

Note: If you have been awarded a scholarship from an outside agency, please provide the donor with our contact information. All correspondence and scholarship checks from donors should be sent to the Financial Aid Office.

Office at 408-551-1000.

William D. Ford Federal Direct PLUS Loan

need additional funding to help meet college costs. Private

The William D. Ford Federal Direct PLUS Loan allows parents of the student’s household or any biological parent(s) who are creditworthy to borrow up to the cost of the student’s education minus any other financial aid for their child. Students enrolled less than half time are not eligible to receive the Federal Direct PLUS Loan. This unsubsidized federal loan repayment begins within 60 days of the final disbursement, but borrowers may request in-school deferment for up to 48 months (4 years) while the student is enrolled. • Eligibility: Parent of a dependent undergraduate student with good credit history and enrolled at least half time • Disbursement: Funds are disbursed in three increments within the academic year: one-third Fall Quarter, one-third Winter Quarter, and one-third Spring Quarter • 2014-15 Interest rate: fixed-variable rate of 7.21%, capped at 10.5% • 2014-15 Origination Fees: 4.292% origination fee, • FAFSA required annually • Repayment: Repayment begins within 60 days of the final disbursement

14 santa

clara university

Private Alternative Loans Private alternative loans are available to students who

alternative loans typically have variable interest rates. However, some lenders offer fixed-rate options. All private alternative loan programs are based on creditworthiness, which may require a credit-worthy co-signer. Additional information may be found on our website.

Calculating and Paying Before each quarter, the Bursar’s Office will email you an electronic bill for charges that have not been covered by financial aid or other payments. To calculate your balance due to the Bursar’s Office by the payment deadlines, you will need to log in to eCampus.

Your Bill Note: Your financial aid award is subject to change if your enrollment status changes, and you must promptly notify the Financial Aid Office if this occurs. Failure to notify the Financial Aid Office of any enrollment changes may cause delays in your financial aid funds posting to your student account and any resulting refund checks.

1. Go to www.scu.edu/ecampus 2. Type your eCampus ID number and your password in the eCampus login box 3. Under “Account Summary” you will find the amount “You owe” 4. Then select “View Anticipated Aid”

Withdrawal If you completely withdraw from all coursework during an academic term, your financial aid award may be subject to a change based upon federal refund regulations. The Financial Aid Office encourages students to contact a financial aid advisor before beginning the withdrawal process.

5. Find your current “Term Total” 6. Calculation: “You owe” minus “Anticipated Aid” equals your Debit/Credit

Tuition Refund Insurance Plan If you leave Santa Clara University for medical reasons after the term begins, you may consider subscribing to a Tuition

For additional inquiries regarding charges, billing, payments,

Refund Plan through A.W.G. Dewars, Inc.

and refunds, contact the Bursar’s Office at 408-551-1000 or by email at onestop@scu.edu.

For complete coverage details and to enroll, visit www.collegerefund.com, or log in to your eCampus

Impact of Enrollment Status on Disbursements and Refunds

account, select “Bursar’s Office,” then choose “SCU Tuition Refund Plan.”

Disbursement

Enrollment Status

Scholarships and/or grants are disbursed to your student

Your financial aid award is based on the number of credits for

account at the beginning of each quarter. Loans are disbursed

which you are expected to enroll. Some financial aid programs

to Santa Clara University through electronic funds transfer

require only half-time status (6 units for undergraduates),

(EFT) after your enrollment has been verified.

some require full-time status (12 units for undergraduates), and some programs may be awarded with a less than halftime status.

Note: Federal Work Study recipients receive payment in the form of a biweekly paycheck, once you are employed. Your earnings from the Federal Work Study program depend on your hours worked and rate of pay.

financial aid—putting it together

Calculating and Paying

Your Bill Financial Aid Office

Refunds Financial aid funds (grants, scholarships, educational loans) are credited to your student account after the Financial Aid Office has confirmed your enrollment each academic quarter. If you have a credit balance on your student account, you may request a refund to be prepared by the Bursar’s Office. If you have questions about your student account or the processing of a refund, you may contact the Bursar’s Office at 408-551-1000 or by email at onestop@scu.edu.

Verification Verification is the process used to check the accuracy of the information you give when you apply for federal aid. If your application is selected for verification, you will be notified by the Financial Aid Office. Your financial aid will not be credited to your student account until this process is completed.

Reapplying for Aid for 2016 –17 You may reapply for financial assistance with the renewal of the FAFSA by visiting the FAFSA website at www.fafsa.ed.gov. The federal application is available beginning January 1.

Enrollment Services Center The Enrollment Services Center provides support for the Financial Aid Office, the Bursar’s Office, and the Office of the Registrar. The Center is your first stop for questions or problems you may have regarding financial aid, registration, student records, or student financials.

The Financial Aid Office can be reached by telephone at 408‑551-1000 or by email at onestop@scu.edu. Please call, email, or visit this office for help in any of the following areas: • Advisors in this office determine your eligibility for need-based financial aid. They answer questions about your particular financial aid award and explain which documents are required to complete a financial aid application and the verification process. They determine your loan eligibility and explain how to apply for the various loan programs, including loans for parents. They tell you how your financial aid award will be affected if you change your enrollment, make other housing arrangements, or participate in a study abroad program. • This office administers state, federal, private, and University aid programs. • This office reviews your academic record to determine if you are making the satisfactory progress toward your degree that is required for you to be eligible for financial aid. • This office disburses all loan funds; advisors in this office answer questions about loan disbursements; about the Federal Perkins Loan, and William D. Ford Federal Direct Loan entrance and exit counseling requirements; and about loan repayment and loan borrowing history. • This office handles the Federal Direct PLUS Loan and Private Alternative Loan programs.

Bursar’s Office The Bursar’s Office can be reached by telephone at 408-551-1000 or by email at onestop@scu.edu. Please call, email, or visit this office for help in any of the following areas: • This office generates student bills including tuition, fees, and other University charges; ensures that funds disbursed electronically are applied appropriately to your student charges; assesses all late payment fees and restricts students because of late or insufficient payment of charges; and processes requests for refunds. • Staff in this office can answer questions about payment plans and charges and credits on your bill. • This office accepts payment for tuition, fees, and other University charges.

16 santa

clara university

What if I Have