Federal Financial Aid - Undergraduate
Federal Financial Aid Programs
The following is a description of the financial aid programs available at West Coast University for undergraduate students who qualify. Additional information may be obtained through the Financial Aid Office.
Federal Pell Grant
The Federal Pell Grant Program provides a foundation of assistance to which other forms of aid may be added. Eligibility for the Federal PELL Grant Program is determined by a standard need-analysis formula that is revised and approved every year by the federal government. Unlike loans, grants do not have to be paid back. The maximum Federal Pell Grant for 2016-2017 is $5,815 per academic year. A student can receive a Federal Pell Grant for no more than 12 semesters or the equivalent.
Federal Iraq and Afghanistan Service Grant
The Federal Iraq and Afghanistan Service Grant is offered to students who are not eligible for a Federal Pell Grant on the basis of their Expected Family Contribution as calculated from FAFSA data, but meet the remaining Federal Pell Grant eligibility requirements. In order to qualify, students must have had a parent or guardian in the U.S. armed forces that died as a result of military service performed in Iraq or Afghanistan after the events of 9/11. The student must have been under 24 years old or enrolled in college at least part-time at the time of the parent or guardian’s death.
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal Supplemental Educational Opportunity Grants are available to a limited number of students with exceptional financial need. Grants are based on funds available and do not have to be repaid. Need is determined by the financial resources of the student and parents and the cost of attendance.
Federal Work-Study Grant (FWS)
The Federal Work-Study program provides jobs for students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work related to the student's course of study. Funds under this program are limited and do not have to be repaid. Students interested in obtaining a Federal Work Study job should contact the Student Affairs Office.
William D. Ford Federal Direct Loan Program
Under the Federal Direct Loan (FDL) program the University certifies eligibility for each loan, and sends the loan details to the U.S. Department of Education. Loan proceeds are disbursed to the University electronically and then posted to the student's account. Interest rates and origination fees are set by the U.S. Department of Education. Students repay the loan to the servicer assigned by the U.S. Department of Education after the loan is disbursed.
Federal Subsidized Direct Loan
Federal Subsidized loans area available to undergraduate students with financial need. Students may borrow up to $3,500 for their first academic year, $4,500 for the second academic year, and $5,500 for the third and fourth academic years at a fixed interest rate which is established annually by the U.S. Department of Education. Current interest rates can be found at https://studentloans.gov. The interest is paid by the federal government while students are in school. Interest begins accruing at the time students cease enrollment or fail to carry at least one-half the normal full-time University workload. Students who first borrowed federal student loans on or after July 1, 2015 may not receive this type of loan for more than 150 percent of the length of their program of study; U.S. Department of Education may stop paying interest if student who received Direct Subsidized Loans for maximum period continues enrollment.
Federal Unsubsidized Direct Loan
Unsubsidized direct loans are available for students to borrow for education costs. Independent undergraduate students can borrow up to $9,500 for their first academic year, $10,500 for the second academic year, and $12,500 for their third and fourth academic years. Dependent undergraduate students can borrow up to $5,500 for their first academic year, $6,500 for their second academic year and $7,500 for their third and fourth academic years, as a combined total with the Federal Subsidized Direct loan each year.
With the exception of demonstrating financial need, Unsubsidized Loan borrowers must meet all eligibility criteria of the Federal Subsidized Loan program. Interest payments begin immediately after the loan is fully disbursed or may be added to the principal balance. Regular payments begin six (6) months after students cease enrollment or fail to carry at least one-half the normal full-time school workload. Interest rates are fixed and established annually by the U.S. Department of Education. Current interest rates can be found at https://studentloans.gov.
Federal Direct Parent Loan for Undergraduate Students (PLUS)
Federal Parent Loans for Undergraduate Students provide additional funds for parents to help pay for students' educational expenses. Parents must pass a credit check, or have a credit-worthy endorser. Interest rates are fixed and established annually by the U.S. Department of Education. Current interest rates can be found at https://studentloans.gov. Repayment begins immediately after the loan is fully disbursed.
Veterans Educational Benefits
West Coast University on-ground undergraduate degree programs ad the Doctor of Physical Therapy program are approved for the training of Veterans and eligible persons under the provisions of Title 38, United States Code. Students interested in Veterans Educational Benefits should contact the Financial Aid Office. Veterans who are unsure of their eligibility should contact the Veterans Administration. Eligible students must maintain satisfactory academic progress to continue receiving educational benefits.
The California on-ground undergraduate campuses participate in the Post 9/11 GI Bill® Yellow Ribbon program. A limited number of qualified students will receive the award each academic year. Awards are made on a first-come, first-serve basis.
The University participates in the Post-9/11 GI Bill® Yellow Ribbon Program.
Additional Eligibility Requirements: Only individuals entitled to the maximum benefit rate (based on service requirements) may receive this funding. Therefore, a student may be eligible if he or she:
- Served an aggregate period of active duty after September 10, 2001, of at least 36 months;
- Was honorably discharged from active duty for a service-connected disability and served 30 continuous days after September 10, 2001;
- Is a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill® based on a veteran's service under the eligibility criteria listed above.
Reimbursement to Veterans and Eligible Persons
For information or for resolution of specific payment problems, veterans should call the DVA nationwide toll-free number at 1-800-827-1000.