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Managing the Family Contribution

The family contribution is the amount of money your family is expected to pay toward your college education for one year and is determined by subtracting any financial aid received from the total cost of attendance. Paying the family contribution through family income or savings is the ideal choice; however, such a contribution may exceed family resources

Listed below are options we encourage you to consider in your financial planning.

Monthly Payment Plan

The WAU TuitionPay Plan allows WAU students and their parents to spread out annual college costs (tuition, fees, housing and meals) across more manageable monthly installments.

WAU has partnered with Sallie Mae Business Solutions to manage the payment plan. The monthly payment plan allows payments to be spread over up to ten months per year. The first payment for the fall semester is due in July, and the first payment for the spring semester is due in December.  For more information, visit https://tuitionpay.salliemae.com/wau.

Federal Parent Loan for Undergraduate Students

Federal PLUS loans are available to credit-worthy parents. With a PLUS loan, parents may borrow up to the full cost of the student's education, including tuition, room and board, books and supplies, transportation and living expenses, less any financial aid. There are no maximum or minimum income guidelines for eligibility for such a loan. Additional advantages include a current 7.9 percent fixed interest rate; interest may be tax deductible.

Federal Stafford Direct Loan Program

Federal Stafford Direct Loans are funded by the federal government through contracted lenders. To receive a Federal Stafford Direct Loan—whether subsidized or unsubsidized—applicants for admission to WAU must submit a completed FAFSA.

Private Alternative Loan Options

Private alternative loans are non-federal, private credit-based loan products offered by various lending institutions. The loans generally require school certification of enrollment and eligibility information and are issued in the student's name. They can be used like a federal PLUS loan to borrow up to the cost of attendance less any financial aid. We encourage students to exhaust all federal loans described on this page before considering private loans.

College and Financial Aid Information

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Payment Options

Undergraduate Payment Options

Paying for the cost of a degree requires fiscal planning as well as sound financial tools and a commitment on our part to providing financial customer services.


WAU Monthly Payment Plan

The WAU Monthly Payment Plan allows WAU students and their parents to spread out annual college costs (tuition, fees, housing and meals) across more manageable monthly installments.

WAU has partnered with Sallie Mae to manage the payment plan. The monthly payment plan allows payments to be spread over up to ten months per year. The first payment for the fall semester is due in July, and the first payment for the spring semester is due in January. As long as the sum of your payments covers each semester balance, you are not subject to interest or late fees. For more information, visit https://tuitionpay.salliemae.com/wau.


Payment of Financial Aid

Except for Federal Work-Study, loans and outside scholarships, financial aid administered by the Student Financial Services office is usually applied automatically to the student’s account throughout the semester. The following awards are deducted from the bill: University scholarships and grants, Federal Perkins Loans, Federal Pell Grants, and Federal SEOG. Other aid, such as state grants, Federal Stafford Direct Loans and private scholarships and loans cannot be credited to your account until the funds are received and/or verification has been completed. Federal Work-Study funds are not applied to your account: funds are paid as wages based on the number of hours the student worked.

 

Discounts

A five percent (5.0%) discount may be received by paying an entire semester’s expenses at the time the student financially clears. The total expense on which to base the discount is calculated after known scholarships and federal subsidized and unsubsidized Stafford loans are deducted. Please contact Accounting Services or speak to your student financial services advisor for exact amounts.

Tuition and Fees

WAU is committed to keeping the overall cost of attendance as affordable as possible. For the past three years, WAU has kept its tuition rate the same.  Minimal increases have been made to mandatory fees.

Academic Year  - 2012-2013

Tuition*

$18,900

General Fee

$ 670

Technology Fee

$ 650

Room and Board**

$ 7,600

Books and Supplies***

$ 1,200

Total Yearly Cost (Off Campus) is $21,420

Total Yearly Cost (On Campus) is $29,020

*Tuition. WAU has a block tuition rate. This amount assumes you are taking between 12-16 hours per semester and that you will be in school for two semesters during the school year. The tuition rate for students taking less than 12 hours or more than 16 hours is $760 per credit hour.

**Room and Board. All dorm students are required to be on the meal plan. Our dining hall offers an appealing vegetarian buffet. The meal plan consists of 3 meals a day Monday – Friday and 2 meals on Saturday and Sunday.

***Books and Supplies. Students can expect to pay an average of $1,200 for books for the year. Once a student is financially cleared, a bookstore debit account is set up so they can charge their books. That charge is then reflected on their student account. The student is only charged for what they purchase.

Loan Options

The application process differs slightly for each type of loan program.  First-time borrowers at Washington Adventist University must submit a Master Promissory Note for the Federal Stafford and Federal Graduate PLUS loans. Private alternative loans require applications with the loan company.  All loan types require that a Entrance Interview be submitted to our processing center.  Federal Stafford and Graduate PLUS loan applicants are required to file the FAFSA each academic year.

The Office of Student Financial Assistance offers financial aid in the form of Federal Stafford Loans, Graduate PLUS loan and private alternative loans to students who have been admitted to one of our graduate degree or approved graduate certificate programs.  Following are brief descriptions of the loan programs, as well as an overview of the process involved in applying for these types of loans.


Federal Direct Loan Program

The Federal Direct Loan Program is funded by the U.S. Department of Education. To receive a Federal Direct Loan—whether subsidized or unsubsidized—applicants for admission to WAU must submit a completed FAFSA. The financial aid award may include one or both of the following Federal Direct Loans.

• Federal Direct Subsidized Loans: Offered to students with financial need. Under this loan, interest is paid by the federal government, and no payment is required from the student while enrolled at least half-time. Loan payment begins six months after the student graduates or leaves the University.

• Federal Direct Unsubsidized Loans: Interest begins accruing on the date the loan is received. Applicants may choose to pay the interest only or allow it to accumulate and capitalize (added to the principal amount of the loan) until six months after graduating or leaving WAU.

Direct Loan amounts increase each year as the student successfully matriculates. The interest rate on the Federal Direct Loan is a fixed rate. For the 2012-2013 academic year, the interest rate is 6.8 percent for first time disbursed subsidized loans and 6.8 percent for unsubsidized loans.

Grade Level

Maximum Subsidized

Maximum Unsubsidized

Total

Freshmen

$3,500

$2,000

$5,500

Sophomore

$4,500

$2,000

$6,500

Junior

$5,500

$2,000

$7,500

Senior

$5,500

$2,000

$7,500

An additional amount in Federal Direct Unsubsidized Loan funding is made available to an independent undergraduate student or dependent student whose parent is ineligible for a Direct PLUS loan. Those limits are as follows.

Grade Level

Maximum Subsidized 

Maximum Unsubsidized 

Total 

Freshmen

$3,500

$6,000

$9,500

Sophomore

$4,500

$6,000

$10,500

Junior

$5,500

$7,000

$12,500

Senior

$5,500

$7,000

$12,500


Federal Direct Plus Loan for Undergraduate Students

Federal Direct PLUS Loans for Undergraduate Students (PLUS) loans funded by the U.S. Department of Education are available to credit-worthy parents. With a Direct PLUS loan, parents may borrow up to the full cost of a student's education, including tuition, room and board, books and supplies, transportation and living expenses, less any other financial aid. There are no maximum or minimum income guidelines for eligibility for the loan. Additional advantages include a 7.9% percent fixed interest rate. Interest may be tax deductible.


Private Alternative Loans

Private alternative loans are available to graduate students who feel they will need more than the $20,500 maximum available from the Federal Stafford Loan program or students enrolled in certificate programs that are not Stafford eligible.  Most private alternative loans allow a student to borrow up to the cost of attendance minus any other aid.