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Undergraduate APS Financial Aid

Several types of financial aid are available. The resources range from federal loans and state grants, to fellowships and scholarships.

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Federal Aid

Any student who wishes to apply for federal programs must be either a U.S. citizen, permanent resident, or an eligible noncitizen.

Federal Pell Grant

The Pell Grant Program provides government grants to both full- and part-time undergraduate students. The amount of the grant is based upon need. After the student submits the FAFSA, a Student Aid Report (SAR) will be received from the government and must be reviewed for accuracy. If any corrections are necessary, the student should immediately submit an electronic correction via the FAFSA website and submit any required documents to the APS Office of Student Financial Services.

Federal Supplemental Educational Opportunity Grant (FSEOG)

FSEOG is a Title IV, need-based grant that awards up to $2,000. FSEOG funds are limited and must be awarded to the neediest students as determined by the FAFSA. Early submission of a FAFSA is recommended.

Federal Direct Stafford Loan

APU participates in the Direct Loan Program, requiring students to borrow their Stafford Loans directly from the U.S. government.

The Stafford Loan is a low-interest loan (6.8 percent or less) designed to help students pay for college. Depending on eligibility as determined by the FAFSA, the student may be offered a subsidized and/or unsubsidized Stafford Loan. Subsidized means that the government will pay the interest on the loan while the student is in school. Unsubsidized means that the student is responsible to pay the interest on the loan while in school.

Yearly Amounts

If the student is independent or the parent is denied a PLUS Loan, the student can take out an additional Stafford unsubsidized loan (freshmen and sophomores, $4,000; juniors and seniors, $5,000).

All students applying for a Stafford Loan must:

  1. Complete the FAFSA.
  2. Accept their Stafford Loan(s) through home.apu.edu.
  3. New borrowers also need to complete a Direct Stafford Loan entrance counseling online at www.studentloans.gov.
  4. New borrowers also need to complete a Direct Stafford Master Promissory Note (MPN) at www.studentloans.gov.

State Aid

Cal Grant A

Deadline: March 2 (prior to entry)

APS Recommended Deadline: January 1

These awards are granted yearly at Azusa Pacific University and other California schools. They are renewable with satisfactory academic progress and financial need. Qualifications will depend on grade-point average (verified by the GPA verification worksheet submitted to CSAC by the Cal Grant deadline), California residency, and financial need as determined by the FAFSA. Awards will differ between institutions – the higher the school costs, the larger the state scholarship.

The deadline is March 2, prior to entry to the university. However, the closer to January 1 students apply, the better their chances of being awarded other types of limited grants. See the APS Office of Student Financial Services for information and forms, or write to the Student Aid Commission, PO Box 419026, Rancho Cordova, California 95741-9026. APU’s USDE code is 00111700.

Cal Grant B

Deadline: March 2 (prior to entry)

These grants are designed for those students entering college who come from disadvantaged backgrounds and demonstrate financial need and a desire to succeed in college. Tuition grants, plus subsistence, are based upon California residency, a questionnaire, and financial need as determined by the FAFSA. They are renewable for four years with satisfactory academic progress and continued financial need. The application deadline is March 2, prior to entry. See the APS Office of Student Financial Services for information and forms, or write to the Student Aid Commission, PO Box 419026, Rancho Cordova, California 95741-9026. APU’s USDE code is 00111700.

Alternative Loans

A private student loan is a nonfederal loan issued by a lender such as a bank or credit union. Private student loans often have variable interest rates, require a credit check and a co-signer, and do not provide the benefits of federal student loans. These loans are designed to cover costs that are not eligible to be paid by a Federal Direct Loan, i.e. a past-due balance from a previous semester or less than half-time attendance.

Federal Direct Loans generally have more favorable terms and conditions than private loans. We recommend that you utilize all Direct Stafford Loan eligibility before turning to private loans.

Students who need additional funds beyond the Stafford Loan should consider the Direct PLUS Loan before applying for a private loan.

Azusa Pacific University uses a wide range of private lenders based upon their ability to provide good service to our students. Students may apply for a private loan from a list of recommended lenders or feel free to choose another lender who provides education loans.

APU’s private lender list is without prejudice and is for the sole benefit of students attending the institution. Employees responsible for processing loans adhere to a strict student loan Code of Conduct.

Scholarships

Young Family Scholarship (for B.S. in Organizational Leadership Students)

Deadline: June 30

David and Tira Young’s passion for APS students led them to set up this endowed scholarship. $1,000-$2,000 will be given to students in the Bachelor of Science in Organizational Leadership Program in the School of Adult and Professional Studies.

Students are encouraged to apply for this scholarship if they meet the following criteria:

Please contact Teri Franks in the School of Adult and Professional Studies at tfranks@apu.edu for more information.

Note: This information is current for the 2012–13 academic year; however, all stated academic information is subject to change. Please refer to the current Academic Catalog for more information. For additional information, please contact the appropriate office.