Spring 2018 Graduate and Professional Studies Catalog 
    
    May 09, 2021  
Spring 2018 Graduate and Professional Studies Catalog [ARCHIVED CATALOG]

Financing a PLNU Education


 

Tuition and Fees

This Catalog section contains information on financing an education at Point Loma Nazarene University. In addition to tuition rates and fees, it outlines financial aid policies and enumerates the financial aid available to the graduate and professional student. Questions on financing an education at PLNU should be referred to the Graduate and Professional Studies Student Financial Services office via email at GPSsfs@pointloma.edu or by calling (619) 563-2882.

Tuition and fees are subject to change on an annual or cohort basis and vary according to academic program.

Tuition Rates

The following tuition rates apply to Post Baccalaureate and Adult Degree Completion programs.

Program   Cost Per Unit
Department of Biology   $725
School of Education, San Diego   $625
School of Education, Bakersfield   $610
Master of Business Administration (M.B.A.)   $825
Master of Science in Kinesiology   $685
Master of Arts in Organizational Leadership (M.A.O.L.)   $485
Master of Ministry (M.Min.)   $275
Master of Science in Nursing (M.S.N.)   $780
RN to BSN Degree Completion   $470
Criminal Justice Degree Completion   $500
Child and Adolescent Development Degree Completion   $500
Computer Information Technology Degree Completion   $505
Interdisciplinary Studies with emphasis in Education Degree Completion   $515
Master of Arts in Clinical Counseling   $750
Doctor of Nursing Practice   $1100
Bachelor of Business Administration   $530
Bachelor of Arts in Organizational Management   $500

University Fees



Application Fees $50
Enrollment Deposit $100
Audit fee, per unit $150
Clinical Practice/Intern fee, per unit (School of Education  ) $75
Teacher Performance Assessment fee #1 - non-refundable (School of Education ) $250
Teacher Performance Assessment fee #2 - non-refundable (School of Education  ) $250
ePortfolio Technology fee - non-refundable (M.B.A., M.S.N., M.S. in Biology, M.A. in Religion, D.N.P.) $120
Thesis Extension fee, per semester (M.B.A., M.S.N., M.S. in Biology) $600
MBA (Online) Course Fee $35
Thesis  Extension fee, per semester (M.A. in Religion) $300
Thesis Binding Fee $50
Research Project Fees (BIO, SOE) $20
M. Min. Independent/Directed Study Fee, per unit $90
Kinesiology Course Fee $250
Kinesiology Test Fee $150
Student Athlete Fee $175
Graduation fee $100

Payment Information

Billing Process

A Statement of Account, which contains the class schedule as well as the semester charges and financial aid, is posted to the student portal of all registered students prior to the beginning of each semester. An email is sent to the student’s PLNU Gmail account with a link to a statement that has been generated. The Statement of Account serves as the invoice from which payment should be made. In addition, monthly statements are generated electronically on the student portal for students who continue to have an owing balance, and an e-mail reminder is sent to the student (and/or to another individual specified by the student) directing the student to view the statement online.

Payment Options

Payments can be paid in cash, check, money order, cashier check, or electronic check. Credit cards and debit cards are not accepted. Electronic check payments can be made at my.pointloma.edu. All other payments should be made at/sent to 3900 Lomaland Drive, San Diego, CA 92106.

  • Payment in Full. Payment of total charges for the enrolled session is due by the end of the second week of classes. The actual date will be specified on the student’s monthly bill.
  • Multiple Payments. Payment of total charges for a semester may be divided into two or three equal payments. All charges must be paid before the end of the applicable term and accounts may be placed on hold until the final payment is received. Students interested in this option must enroll in PLNU’s Tuition Installment Plan (TIP) through the student portal by the semester’s payment due date. This option is subject to a $30 (for three-pay) or $20 (for two-pay) non-refundable enrollment fee and is unavailable after the term’s payment due date.
  • Financial Aid. Students desiring to use scholarships, grants, and/or loans to pay their charges must complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. Students must notify the office of Graduate and Professional Studies Student Financial Services if they expect to receive scholarships or grants from outside agencies, including employer reimbursement. Students who do not complete the financial aid application process by the payment deadlines will be subject to late fees and required to pay their balances in full.

Late Fees

Students who do not settle their bills by the above mentioned methods will be charged a late fee of 5% of their owing balance. The late fee will be charged at the end of the last business day of the second week of classes. The university reserves the right to remove students from classes for non-payment. Students paying their bills with financial aid must have completed a FAFSA and any other required documents and be packaged with financial aid in order to avoid a late fee. Any part of the bill that is not covered by ‘Pending Aid’ will be subject to late fees. Students enrolled in PLNU’s Tuition Installment Plan (TIP) by the semester due date are not charged late fees unless the payment contract is canceled, past due, or does not cover the full balance. Delinquent or returned payments will incur a $25 late or returned check fee.

Holds

A financial hold will be placed on all accounts with an owing balance and will not be released until the student has settled the account. A financial hold will prevent class registration, transcript and/or diploma release, and participation in the commencement ceremony.

Tuition Refund Policy

Students may receive a full or partial refund for any dropped course provided that: 1) the course is dropped within the parameters of the refund schedule 2) the course is dropped via online registration, email, or a signed Change of Schedule form is turned into the appropriate campus location by the close of the business week for which the student wishes to receive a tuition refund (Friday at 4:30 pm, exempting holidays). Dropping courses may change a student’s financial aid eligibility. Students should check with a Graduate and Professional Studies Student Financial Services Advisor before making any changes to their schedule.

For refund and financial aid purposes, the last day of attendance will be defined for face to face classes as the last date of physical attendance in class and for online classes as the last day the student made an online contribution beyond logging in (responded to an online question, posted an assignment or otherwise actively participated). 

Refund Schedule

  100% Refund 75% Refund 50% Refund 25% Refund NO REFUND
COURSE DROPPED WITHIN:
Semester Course Weeks 1-2 Week 3 Week 4 Weeks 5-8 Weeks 9-16
7-9 Week Quad Week 1 Week 2 Week 3 Week 4 Weeks 5-9
5-6 Week Course Week 1   Weeks 2-3   Weeks 4-6
5, 8-Hour Class Meetings Class 1   Class 2 Class 3 Classes 4-5
3, 8-Hour Class Meetings Class 1     Class 2 Class 3
3 Week Course Classes 1-2 Classes 3-4 Class 5 Classes 6-7 Classes 8-12
Other Refund is based upon the percentage of class time elapsed in proportional configurations manner to the semester and quad schedules.

Thesis Extension Fee

If a thesis or applied project is required for a degree program, students are expected to complete a thesis or applied project in a timely manner. When additional time for completion is required by the student, an extension fee is charged to the student’s account. The fee allows students to remain in the university system for library resources privileges, access to the computer system, and other support services. The fee is charged each semester until a grade for the thesis or applied project is recorded in the Office of Records. While the fee generates an account charge to students, no additional units are applied to the transcript. The extension fee is automatically charged to the student account, requiring no formal registration by students.

If a student withdraws from the academic program prior to completing the thesis or applied project, the course will be graded NC (No Credit) or F. Students who are readmitted into their program will be required to file a petition with the academic department chair or school dean to register for the balance of units in the required thesis or applied project. If a balance exists in the student’s account, the payment of regular tuition and fees will be required prior to being readmitted.

Graduation Fee

A non-refundable graduation fee is charged to all students during the final semester during which they are candidates for a degree. The fee supports the costs associated with graduation, especially the activities around Commencement convocation. The fee is assessed once per degree, even if the student does not plan to participate in graduation exercises.

ePortfolio Technology Fee

Point Loma Nazarene University has adopted a web-based tool, LiveText ePortfolio, to provide students a place to create and store an online ePortfolio. The use of this technology also allows the university to collect student work and assess academic programs. Students are being assessed a non-refundable LiveText ePortfolio technology fee. A one-time fee of $120 will be charged to each MBA, MSN, and MS Biology student associated with a specific course toward the beginning of the student’s program.

FERPA

Students are responsible for handling all financial matters related to their attendance at the university. FERPA, the federal “Privacy Act,” prohibits sending statements to or discussing financial matters with a spouse or parent of students 18 years of age or older without written permission of the student. To read more about FERPA, click here  . Students may grant another individual permission through their student portal in the Information Releases section under the Profile Update header.

Financial Aid at PLNU

The financial assistance program at Point Loma Nazarene University consists primarily of Federal Direct loans, but also includes a limited number of federal, state, and institutional grants, and external scholarships and grants awarded by corporations and civic organizations. Financial assistance is intended to recognize and assist students who otherwise would be unable to attend the university.

The university recognizes that the primary responsibility for paying expenses rests with the student (and spouse, if married) and parents (of federally-determined dependent students) who are expected to contribute in proportion to their resources. Any financial assistance awarded by the university is intended to help bridge the gap between the student’s expected family contribution and the cost of attending PLNU.

Some forms of financial assistance are awarded to students based on need. A student’s financial need is determined by completion of the Free Application for Federal Student Aid (FAFSA). Various federal and state regulations, institutional policies, and funding-level limitations may affect the types and amounts of financial assistance that a student may receive from year to year. Additionally, changes in information, enrollment, or circumstances may cause financial assistance awards to be reduced, increased, or eliminated subsequent to the initial determination of these awards. The reduction or elimination of awards may cause a student to owe a balance to the university.

Applying for Aid at PLNU

To receive any type of federal or state aid at PLNU, the student must complete the FAFSA (Free Application for Federal Student Aid) or renewal FAFSA each academic year of enrollment. The information on the FAFSA is transmitted to the schools listed by the student on the application. PLNU’s school code for this purpose is 001262. The FAFSA application can be submitted online at www.fafsa.gov. Financial Aid may be renewed each academic year, provided students remain financially and academically eligible (Review Graduate Satisfactory Academic Progress policy here and the Adult Degree Completion Satisfactory Academic Progress here). An award letter is issued to students after they have been fully accepted into an eligible program at PLNU and have completed a FAFSA application. In order for aid to disburse to the student’s account, it must be accepted online through PLNU’s student portal at my.pointloma.edu. Many loans begin accruing interest at the time of disbursement or shortly thereafter; we recommend that students carefully consider their needs and accept the least amount of loans necessary to cover educational expenses. 

Financial Need

Financial Need is defined as the difference between the student’s Cost of Attendance (COA) for the academic year and the “Expected Family Contribution” (EFC) as determined by completion of the FAFSA.

The Cost of Attendance is determined by the university and is based on an estimation of reasonable expenses incurred by the majority of students, including tuition, fees, room and board, books and supplies, transportation, and miscellaneous costs. (See Table below for information on the calculation of COA).

The Expected Family Contribution (EFC) is a statistical figure based on a federally mandated formula using the financial information provided on the FAFSA by the student (and parents or spouse, if applicable) that represents the student’s ability to contribute to the cost of the education.

Cost of Attendance Calculation:

Fees May include estimated or actual Assessment and Student Teaching fees.
Tuition Set at assumed enrollment status amounts unless otherwise requested. Graduate students are generally assumed to be enrolled full time (in six units per semester), except for Master of Ministry and Master of Biology students who are generally assumed to be enrolled half time (in three units per semester). Teaching Credential students are generally assumed to be enrolled half time (in six units per semester). Adult Degree Completion students are generally assumed to be enrolled three-quarter time (in nine units per semester). Tuition budget may be adjusted based on actual enrollment status upon request.

Room & Board
(Average Grocery, Rent)

Determined by CSAC’s Student Expense Budget for California. May be adjusted based on length of enrollment (single quad/full semester).
Books & Supplies
(Books, Educational Supplies, Course Fees, Computer Expenses)
Determined by CSAC’s Student Expense Budget for California. May be adjusted based on enrollment status (full time, 3/4 time, half time).
Miscellaneous (Health and Miscellaneous) “Other expenses” category determined by CSAC’s Student Expense Budget for California. May be adjusted based on length of enrollment (single quad/full semester).
Transportation Cost of transportation to and from classes. Determined by CSAC’s Student Expense Budget for California. May be adjusted based on enrollment status (full time, 3/4 time, half time).
Loan Fees Estimated cost.

Appeals for Special Circumstances

Federal regulations provide the Graduate and Professional Studies Student Financial Services office with discretionary authority to make case-by-case adjustments to student FAFSA data in cases of special circumstances. Special circumstances include:

  • Documentable significant reductions to income (Loss of job, reduction of work hours, marital separation, etc.)
  • Unusually high medical or dental expenses (only uninsured amounts not included on tax return)
  • A parent attending college (for Dependent students only)
  • Dependency status appeals (for Dependent students only)

If a student believes there are special circumstances that should be reviewed, the student must submit an Appeal Form for Special Circumstances (available at the Graduate and Professional Studies Student Financial Services office at the Mission Valley campus or online with supporting documentation. After initial review of the appeal, additional documentation may be required. Students will be notified of the result of the appeal via email.

Financial Aid Programs

Need-Based Federal Grant Programs

PELL Grant

The Pell Grant is awarded to undergraduate students with a qualifying Expected Family Contribution (EFC) as determined by the FAFSA. Pell Grant is gift aid and does not have to be repaid. It can be used to help pay university charges (tuition and fees, on-campus room and board) or living expenses. The maximum award for the 2017-2018 Academic Year (AY) is $5,920. Graduate students, teaching credential students and students pursuing a second Bachelor degree are not eligible for the Federal Pell Grant.

Students may be eligible for other forms of federal need-based aid. Additional information may be obtained from the Graduate and Professional Studies Student Financial Services office.

Need-Based State Aid

For details about any California state fund programs, students may visit the California Student Aid Commission (CSAC) website at www.csac.ca.gov.

Cal Grant for Adult Degree Completion Students

Cal Grant is a program of the California Student Aid Commission (CSAC). Students may receive a Cal Grant for a maximum of four academic years (eight semesters) of undergraduate study. In addition, teacher credential students who received Cal Grant as undergraduates may be eligible for a two-semester extension of their benefits. Students must meet income and asset ceiling and family size limits. Award amounts are determined annually by the passing of a final State of California budget; all Cal Grant awards listed on an award letter are to be considered “estimated” until the final budget is passed into law by the California legislature.

CSAC notifies new Cal Grant recipients whether they have been awarded an Entitlement or Competitive Cal Grant. Before a Cal Grant award can be added to a student’s Financial Aid Award Letter, the Graduate and Professional Studies Student Financial Services office must review the data provided by the student and parents on the FAFSA to make sure that the student is financially eligible.

Cal Grant A is for students from low to middle income families. It is restricted to paying tuition and mandatory fee charges only. The award amount of the Cal Grant is determined upon approval of a final State of California budget.

Cal Grant B is for students with exceptionally high need (based on the FAFSA). During the first year of the award, Cal Grant B pays an Access Grant. PLNU credits these funds directly to the student’s account to help pay down semester charges. However, the student has the option of receiving Access Grant funds as a check each semester by submitting the 2017-2018 Cal Grant B Access Funds Form to the Graduate and Professional Studies Student Financial Services office before the end of each semester Add Period. After that date, the semester Access Grant is credited to the student’s account. During the second and subsequent years, Cal Grant B includes a tuition and fee-paying component in addition to Access. The award amount of the Cal Grant and Access Grant is determined upon approval of a final State of California budget.

Application Process for New Cal Grants for Adult Degree Completion Students

Students must have submitted a 2017-2018 FAFSA (www.fafsa.ed.gov) by March 2, 2017, and a verified grade-point average (GPA) to the California Student Aid Commission (CSAC) by the same date. High school seniors must request that their high school provide this information to CSAC electronically. Current PLNU students who are California residents and who have completed 24 or more college units should request that the PLNU Office of Records submit their GPA to CSAC.

Transfer Entitlement Cal Grants for Adult Degree Completion Students

Students who graduated from high school after June 30, 2000, attended a California community college, and then transferred to PLNU may be eligible for a Cal Grant Transfer Entitlement award (also known as the California Community College Transfer Entitlement award). This award is either a Cal Grant A or B. To qualify, you must have at least a 2.4 community college GPA, meet the Cal Grant financial and eligibility requirements, be under 28 years of age as of December 31 of the award year and apply by March 2. You must transfer from a California Community College to PLNU in the award year for which the award is offered. Students must complete a G-6 self-certification form by logging into WebGrants at: www.webgrants4students.org.

For details about requirements for the 2017-2018 Cal Grant, students may visit the California Student Aid Commission (CSAC) website at www.csac.ca.gov.

Renewal Cal Grants for Adult Degree Completion Students

All Cal Grant recipients must meet income and asset ceiling and family size limits established annually by the California Student Aid Commission (CSAC) in order to have their Cal Grant renewed for the 2017-2018 Academic Year. Students may renew a Cal Grant award for up to four academic years (eight semesters), including semesters students received the grant at other schools. Submission of a verified GPA is not required to renew a Cal Grant. Students who received a Cal Grant at another institution must complete Form G-10 (Grant Record Change Form for Students), contact CSAC at 1-888-224-7268, or update their institution on Webgrants for Students at www.webgrants4students.org.

Cal Grant and The California Dream Act for Adult Degree Completion Students

The California Dream Act of 2011 allows students without lawful immigration status but who meet certain requirements to apply for and receive state financial aid at California private colleges. The award amount of the Dream Act Cal Grant is determined upon approval of a final State of California budget.

For details about applying for a Cal Grant under the Dream Act, visit the California Student Aid Commission (CSAC) website at www.csac.ca.gov.

Cal Grant Teaching Credential Program (TCP)

Cal Grant A or B recipients who meet the following requirements should contact the California Student Aid Commission (CSAC) for information and application materials or visit CSAC at: www.csac.ca.gov:

  1. Have received a bachelor’s degree;
  2. Are accepted to and have enrolled in a professional teaching preparation program (Master of Arts in Teaching - MAT  or Teaching Credential program) at PLNU within 15 months of the end of the semester for which the recipient last received a Cal Grant payment;
  3. Have not received or submitted an application for a Preliminary Teaching Credential;
  4. Do not currently possess any other initial teaching credential;
  5. Continue to maintain financial need for a Cal Grant and meet income and asset ceiling and family size limits.

To be eligible for the Cal TCP Program, students must be enrolled at least half time. Students enrolled less than full time will have their Cal Grant awards pro-rated. The tuition and fees component of the Cal Grant cannot pay more than the student’s tuition and fee charges for the semester.

Students interested in applying for the Cal Grant TCP must submit a G-44 form to CSAC, and the Commission must approve the application prior to PLNU awarding the Cal Grant.

Need Based Federal Loan Programs 

Subsidized Direct Loans

The Federal Subsidized Direct loan is a low-interest student loan borrowed directly from the U.S. government designed to help students pay for college.  The Subsidized Federal Direct Loan is available for Adult Degree Completion and Teaching Credential students as long as the student has not met the Undergraduate Subsidized Loan aggregate limits.  It requires financial need as determined by the FAFSA and is not based on creditworthiness. The student is not responsible for paying interest that accrues while the student is enrolled at least half-time (6 units). Direct Loan interest rates and origination fees are published annually by the Department of Education. The interest rates become effective on July 1st of each year and the origination fees become effective on October 1st of each year. Understanding the importance of repaying any federal student loan taken while in school is critical.  Sample loan repayment schedules are available for students at www.studentloans.gov. For more information on the Federal Student Loan programs and interest rates, please click here. The determination of an academic year may vary by program. Graduate students are not eligible for Subsidized Direct Loans.

Students are required to complete Federal Direct Loan Entrance Counseling and a Loan Agreement or Master Promissory Note (MPN) before any Federal Direct Loan funds are released. Entrance Counseling is a mandatory federal requirement to advise student borrowers of their rights and responsibilities in receiving a student loan. Loan amounts are generally released in one disbursement for each semester attended. Students may accept all or a portion of their Federal Direct loan eligibility. We recommend that students carefully consider their expenses and other financial resources before determining the amount of loan to accept. Entrance Counseling and completion of a Loan Agreement (Master Promissory Note) may be completed online through the Federal Direct Loan website at www.studentloans.gov and more information can be found at the Graduate and Professional Student Services section of the Point Loma Nazarene University website at www.pointloma.edu/gradsfs.

When a student graduates, withdraws from the university, takes an approved leave of absence, or drops below half-time status (registered for less than three units in a semester for a graduate student or less than six units in a semester for Adult Degree Completion and Teaching Credential students), Federal Direct Loan Exit Counseling is required. This is a mandatory federal requirement for all students who have received a Federal Direct Loan. Exit Counseling may be completed online through the Federal Direct Loan website at www.studentloans.gov. Additional information may be obtained from the Graduate and Professional Studies Student Financial Services office.

Repayment begins six months after the student graduates, withdraws, or drops below half-time status (i.e. less than three units for graduate students or less than six units for Adult Degree Completion and Teaching Credential students).

Yearly amounts:

Adult Degree Completion Freshmen (0-24 units) $3,500
Adult Degree Completion Sophomore (25-56 units) $4,500
Adult Degree Completion Junior and Senior (57+ units) $5,500
Teaching Credential $5,500
Graduate Students $0 (not eligible for Subsidized Loans)

Non-Need Based Federal Loan Programs

Unsubsidized Federal Direct Loan

The Unsubsidized Federal Direct Loan is a low-interest student loan borrowed directly from the U.S. government designed to help students pay for college. The Unsubsidized Federal Direct Loan does not require financial need and is not based on creditworthiness. The borrower is responsible for paying all the interest that accrues, from disbursement until the loan is fully repaid. Direct Loan interest rates and origination fees are published by the Department of Education. The interest rates become effective on July 1st of each year and the origination fees become effective on October 1st of each year. Understanding the importance of repaying any federal student loan taken while in school is critical. Sample loan repayment schedules are available for students at www.studentloans.gov. For more information on the Federal Student Loan programs and interest rates, please click here. The determination of an academic year may vary by program.

Students are required to complete Federal Direct Loan Entrance Counseling and a Loan Agreement or Master Promissory Note (MPN) before any Federal Direct Loan funds are released. Entrance Counseling is a mandatory federal requirement to advise student borrowers of their rights and responsibilities in receiving a student loan. Loan amounts are generally released in one disbursement for each semester attended. Students may accept all or a portion of their Federal Direct loan eligibility. We recommend that students carefully consider their expenses and other financial resources before determining the amount of loan to accept. Entrance Counseling and completion of the Loan Agreement (Master Promissory Note) may be completed online through the Federal Direct Loan website at www.studentloans.gov and more information can be found at the Graduate and Professional Studies Student Financial Services section of the Point Loma Nazarene University website at www.pointloma.edu/gradsfs.

When a student graduates, withdraws from the university, takes an approved leave of absence, or drops below half-time status (registered for less than three units for a graduate student or less than six units for a Teaching Credential or Adult Degree Completion student in a semester), Federal Direct Loan Exit Counseling is required. This is a mandatory federal requirement for all students who have received a Federal Direct Loan. Exit Counseling may be completed online through the Federal Direct Loan website at www.studentloans.gov. Additional information may be obtained from the Graduate and Professional Studies Student Financial Services office.

Repayment begins six months after the student graduates, withdraws, or drops below half-time status (i.e. less than six units in a semester for Adult Degree Completion and Teaching Credential students or less than three units in a semester for Graduate students). 

Direct Loan Limits:

Year Dependent Students (except students whose parents are unable to obtain PLUS Loans) Independent Students (and dependent undergraduate students whose parents are unable to obtain PLUS Loans)
First-Year Adult Degree Completion Undergraduate Annual Loan Limit $5,500-No more than $3,500 of this amount may be in subsidized loans. $9,500-No more than $3,500 of this amount may be in subsidized loans.
Second-Year Adult Degree Completion Undergraduate Annual Loan Limit $6,500-No more than $4,500 of this amount may be in subsidized loans. $10,500-No more than $4,500 of this amount may be in subsidized loans.
Third-Year and Beyond  Adult Degree Completion Undergraduate Annual Loan Limit $7,500-No more than $5,500 of this amount may be in subsidized loans. $12,500-No more than $5,500 of this amount may be in subsidized loans.
Teaching Credential Annual Loan Limit $5,500 - The entire amount may be in subsidized loans. $12,500 - no more than $5,500 of this amount may be in subsidized loans.
Graduate or Professional Students Annual Loan Limit Not Applicable (all graduate and professional students are considered independent) $20,500 (unsubsidized only)
Subsidized and Unsubsidized Aggregate Loan Limit $31,000-No more than $23,000 of this amount may be in subsidized loans. $57,500 for undergraduates-No more than $23,000 of this amount may be in subsidized loans.
$138,500 for graduate or professional students-No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.
Federal Direct Parent Loan for Dependent Students (PLUS)

The Direct Parent PLUS Loan is a credit-based loan available to parents of dependent undergraduate Adult Degree Completion and Teaching Credential students who file a 2017-2018 FAFSA. Although the loan is not based on need, the FAFSA must be completed. The PLUS Loan annual borrowing limit is equal to the student’s cost of education minus any other financial aid awarded. We recommend that students and parents carefully consider their expenses and other financial resources before determining the amount of loan to accept.Direct Parent PLUS Loan interest rates and origination fees are published by the Department of Education. The interest rates become effective on July 1st of each year and the origination fees become effective on October 1st of each year. Repayment begins 60 days after the loan is fully disbursed or borrowers may request a deferment or forbearance of repayment until their student leaves the university. The application and Loan Agreement (Master Promissory Note) may be completed online at www.studentloans.gov. Normally, PLUS Loan amounts are released in one disbursement for each semester attended. If the parent wishes to have the entire loan disbursed in a single semester, the parent must specify this on the online PLUS loan application. Loan origination fees will be charged in accordance with federal regulation from any Federal Parent PLUS Loan funds disbursed to the student account. For additional information, please visit the Graduate and Professional Studies Student Financial Services section of Point Loma Nazarene University’s website at www.pointloma.edu/gradsfs.

Federal Direct Graduate PLUS Loan

The Federal Direct Graduate PLUS Loan is a credit-based loan for which graduate students only may apply. The Direct Graduate PLUS Loan is intended for graduate students whose educational costs exceed their Unsubsidized Federal Direct Loan eligibility. Although the loan is not based on need, the FAFSA must be completed. For more information on the Federal Student Loan programs and interest rates, please click here. Repayment begins 60 days after the final loan disbursement is made for the academic year. Students can begin the application process online at www.studentloans.gov.

Students are required to complete the Federal Direct Graduate PLUS Loan Application, Loan Agreement (Master Promissory Note) and Entrance Counseling before any Federal Direct Graduate PLUS Loan funds are released. Entrance Counseling is a mandatory federal requirement to advise student borrowers of their rights and responsibilities in receiving a student loan. Loan amounts are generally released in one disbursement for each semester attended. Students may accept all or a portion of their maximum Direct Graduate PLUS Loan eligibility, which is limited by the Cost of Attendance and the amount of other aid awarded. We recommend that students carefully consider their expenses and other financial resources before determining the amount of loan to accept. The application, entrance counseling, and completion of the Loan Agreement (Master Promissory Note) may be completed online through the Federal Direct Loan website at  www.studentloans.gov or by visiting the Graduate and Professional Studies Student Financial Services section of Point Loma Nazarene University’s website at www.pointloma.edu/gradsfs.

Federal Perkins Loan

The Federal Perkins Loan is available to Adult Degree Completion and Teaching Credential students through September 30, 2017.  It is a low-interest federal loan for students who demonstrate exceptional financial need as determined by the FAFSA. The interest rate is fixed at 5% for the life of the loan, and begins accruing nine months after graduation, withdrawal, or dropping to below half-time status. Repayment also begins at this time. Students have up to ten years to repay the loan. Payments are made through PLNU’s loan servicer, ECSI. Students awarded a Perkins Loan must sign a Perkins Promissory Note and complete online Entrance Counseling before funds can be credited to the student account. Students must complete a 2017-2018 FAFSA to determine eligibility. When a student graduates, withdraws from the university, takes an approved leave of absence, or drops below half-time status, Perkins Loan Exit Counseling is required. Awarding of a Perkins loan in subsequent years is subject to changes in federal regulation, institutional policy, and funding availability. No new Perkins loans will be made after September 30, 2017, in accordance with federal regulations.

Federal Nursing Student Loan

The Nursing Loan is a low-interest federal loan for Adult Degree Completion students enrolled in the RN to BSN program who demonstrate exceptional financial need. The interest rate is fixed at 5.00% for the life of the loan and begins accruing nine months after graduation, withdrawal, or dropping to less than half-time status (i.e., less than six units for Adult Degree Completion students). Repayment also begins at that time. Students have up to ten years to repay the loan. Payments are made through PLNU’s loan servicer, ECSI. Students awarded a Nursing Loan must complete Entrance Counseling and sign a Promissory Note each semester before funds can be credited to their student account. Because of limited funding, there is no guarantee that a student will continue to receive Nursing Loan funding in subsequent years.  Students must complete a 2017-2018 FAFSA to determine eligibility.

Federal Nursing Faculty Loan

The Federal Nursing Faculty Loan is a low-interest federal loan for graduate Nursing students only who intend to become full-time Nursing faculty. When meeting the Nursing faculty requirements, the interest rate is fixed at 3% for the life of the loan and begins accruing interest three months after graduation, withdrawal, or dropping to below half-time status. Loans may be forgiven up to 85% when the commitment to full-time Nursing faculty is completed. Otherwise, repayment begins nine months after graduation, withdrawal, or dropping to below half-time status, if not employed full-time as a Nursing faculty member. (Employment verification forms must be submitted to the PLNU Nursing department in order to postpone repayment and receive forgiveness.) Students have up to 10 years to repay the loan. Payments are made through PLNU’s loan servicer, ECSI. Students awarded a Nursing Faculty Loan must sign a Promissory Note and complete online Entrance Counseling before funds can be credited to the student’s account. Because of limited funding and Nursing faculty requirements, the Nursing Faculty Loan is managed through the School of Nursing.

Other Federal Aid

Federal TEACH Grant- Graduate students only

The TEACH Grant program provides funds to students who are completing coursework needed for a career in teaching and agree to teach, for at least four complete academic years, in a high-need field (see this Federal List) at an elementary/secondary school, or educational service agency that serves students from low-income families (see this Federal List).

The amount of TEACH grant available is subject to current federal regulations. Interested students may contact the Graduate and Professional Studies Student Financial Services office.

In order to receive the TEACH grant, students must meet all of the following criteria:

  • Must have and maintain at least a 3.25 cumulative GPA (New students qualify through their Bachelor Degree or previous Masters degree) in an eligible post-baccalaureate program.
  • Must complete the FAFSA.
  • Must sign an annual Agreement to Serve, promising to teach in a high-need field at an elementary school, secondary school, or educational service agency that serves students from low-income families for at least four complete academic years after completing (or ceasing enrollment in) the course of study for which the student received the grant.
  • Must complete annual Entrance Counseling, which informs the student of their rights and responsibilities.
  • Enrollment must fall within the TEACH Grant Authorized Course List, since the TEACH Grant is designed for specific programs leading to highly qualified teachers.

IMPORTANT: If a student does not complete their service obligation, all TEACH Grant funds received will be converted to a Direct Unsubsidized Loan. The student must then repay this loan to the U.S. Department of Education, with interest charged from the date the TEACH Grant was disbursed.

Learn more here on the Department of Education’s Website.

Other Non-Need Based Loan Programs

Private Loans

Private Loans are offered by various lenders who set their own criteria on credit and interest rates. Interest rates may be higher than the Federal Direct Loan and Grad PLUS Loan. Interest rates are based on PRIME or LIBOR plus a percentage tier that may range from 0% to 12% depending on the borrower’s credit and, if required, co-signer’s credit. Students should research different lenders since the criteria, interest rates, and repayment incentives on a Private Loan will vary.

Department/School Awards

Each year, various academic departments and schools award a limited number of scholarships to selected students. Students should contact their academic department or school for applications and deadlines.

Financial Aid from Outside Agencies

Various organizations, such as businesses, community groups, churches, etc. administer scholarships based on merit, community service, organizational affiliation, academic performance, or educational objective. Some of these awards require financial need. It is the student’s responsibility to research outside scholarship opportunities. The PLNU website includes a link to an outside scholarship resource, and many other scholarship searches are available online (such as collegeboard.org, fastweb.com, petersons.com). Once awarded, it is the student’s responsibility to contact the outside agency sponsoring the scholarship award and request that it send the scholarship check to PLNU. Outside scholarship awards are generally divided evenly over both the fall and spring semesters, unless the scholarship donor specifically states otherwise. Even if the scholarship donor sends the funds directly to the student, the award must still be treated as a resource,  which means that other aid in the student’s package may need to be reduced or canceled to prevent the student from being funded in excess of campus charges, financial need, and/or cost of attendance.

ROTC and Vocational Rehabilitation

Both Reserve Officers Training Corps (ROTC) and Vocational Rehabilitation (Voc Rehab) help students to pay tuition and fee charges. The award amount must be verified by the organization providing the financial assistance. Vocational Rehabilitation is treated as need-based aid and can limit a student’s eligibility for need-based financial aid programs.

VA Benefits

Veterans Administration (VA) benefits are awarded to veterans of the Armed Services and dependents who qualify. VA Benefits are certified by the university and may be paid directly to the student or credited to the student’s account.

The student is responsible for accurately reporting on the FAFSA the expected monthly amount of VA Benefits and the number of months the benefit will be received. Inaccurately reported VA Benefits could result in adjustments to the student’s overall financial aid package.

Questions regarding VA benefits should be directed to www.gibill.va.gov or 888-442-4551. Questions regarding PLNU application of VA benefits can be directed to veteranservices@pointloma.edu.

Other Resources

If a student receives any form of non-PLNU financial assistance, such as outside scholarships or employer reimbursement, previously awarded financial aid may need to be reduced so that funding does not exceed financial need or cost of attendance. Whenever possible, the Graduate and Professional Studies Student Financial Services office will reduce loan amounts before adjusting grant or scholarship assistance.

Tuition Remission

PLNU employees may be eligible for tuition remission and should contact the Office of Human Resources at 619-849-2200 or visit the Human Resources webpage for more information.

NOTE: Although tuition remission is a benefit, it is also a resource and may limit the student’s eligibility for federal, state, and institutional aid.

Potential Limitations or Forfeiture of Financial Assistance

The following situations may limit or eliminate financial aid eligibility:

  • Not a U.S. citizen or an eligible non-citizen.
  • Not enrolled in a degree-seeking program.
  • Attending courses through a special standing status.
  • Received federal financial aid at another institution for a period of time that overlaps with a period of enrollment at PLNU.
  • Registered less than half-time in a semester (3 units per semester for graduate students or 6 units for Adult Degree Completion and Teaching Credential students).
  • Not meeting Satisfactory Academic Progress standards (see below).
  • Defaulted on previous federal student loans (students may regain eligibility after having made satisfactory arrangements with the collection agency or the U.S. Department of Education).
  • A balance owed as a result of the over-awarding of a federal grant or loan (In this case students are required to either provide written documentation of an approved and current repayment arrangement or to pay the over-awarded balance in full).

Satisfactory Academic Progress (SAP)

In accordance with the Higher Education Act of 1965, as amended, all post-secondary institutions must establish a Satisfactory Academic Progress (SAP) policy. At Point Loma Nazarene University, all students receiving federal and state financial aid are required to make satisfactory progress in order to maintain eligibility for financial aid programs. PLNU’s SAP policy requires all students to complete at least 2/3 of all attempted units (the quantitative requirement). In addition, to satisfy the qualitative requirement, Graduate and Teaching Credential students must maintain a minimum cumulative Grade-Point Average (GPA) of 3.0 at the end of each semester. Master of Ministry students must maintain a minimum cumulative Grade-Point Average (GPA) of 2.75 at the end of each semester. Adult Degree Completion students must maintain a minimum cumulative Grade-Point-Average (GPA) of 2.0 at the end of each semester and maintatin a minimum cumulative Grade-Point Average of 3.0 at the end of each semester for all courses taken at PLNU in the student’s designated program of study. For more complete information on the university’s SAP policy, students may view our SAP Policy online for Graduate and Teaching Credential students here or for Degree Completion students here. You may also contact the Graduate and Professional Studies Student Financial Services office for more information.

Requirements, Deadlines, and Application Procedures

All students requesting financial assistance must do the following:

  1. Make formal application for admission, be officially accepted into an undergraduate Adult Degree Completion, preliminary teaching credential or post baccalaureate program by the Office of Graduate Admissions and be enrolled at least half-time;
  2. Complete and file the FAFSA.

Financial awards are generally made for two or three consecutive semesters (depending upon the academic program). These awards are disbursed on a semester basis, provided the student completes the required procedures and remains financially and academically eligible.

More information regarding requirements, deadlines, and application procedures can be obtained on our website at www.pointloma.edu/gradsfs.

Withdrawals

At the time a student leaves the university, all accounts must be paid in full. Any unpaid balance will accrue interest at ten percent (10%) per annum. In addition, Point Loma Nazarene University may report unpaid accounts to a national credit bureau. Students are responsible for paying all collection costs, including attorney fees and court costs as deemed reasonable, in the event a suit is instituted. Transcripts will not be released, nor will a student be permitted to participate at commencement exercises or receive a diploma, until all accounts at the university have been paid. Any financial aid received for a period in which a student withdraws will be subject to Title IV regulations and may need to be adjusted or returned.

Operational costs are sometimes affected by factors over which PLNU has no control. Therefore, the charges and financial-aid policies quoted in this catalog are subject to change without notice. (NOTE: Students should also see the information on withdrawal under the section entitled Academic and General Policies  in this catalog.)

Students who have taken out student loans to pay for any portion of their education are required to complete federal Exit Counseling when graduating, withdrawing, or dropping below half-time enrollment from the university. Online Exit Counseling for Direct Loans or TEACH grants can be completed at www.studentloans.gov. Online Exit Counseling for Perkins and Nursing loans can be completed at https://borrower.ecsi.net/. Failure to complete Exit Counseling may cause a hold to be placed on transcript and diploma release.