2019-2020 FINANCIAL AID GUIDE - Pacifica Graduate Institute
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2019-2020 G R A D U AT E I N S T I T U T E S A N TA B A R B A R A , C A L I F O R N I A FINANCIAL AID GUIDE
Financial Aid Guide 2019-2020 How Financial Aid Eligibility is Determined
TABLE OF CONTENTS Determining a student’s ability to contribute toward a college educa- income and tax information. For the 2020–2021 FAFSA, students
tion is based on the information submitted on the U.S. Department will report their 2018 income and tax information. We recommend
How Financial Aid Eligibility is Determined�������������������������������������������������������������������������������������������� 1 of Education’s Free Application for Federal Student Aid (FAFSA). We students transfer tax information directly from the IRS onto the
The Cost of Attendance����������������������������������������������������������������������������������������������������������������������������1-2 recommend students begin the financial aid process in October/ FAFSA through the IRS Data Retrieval feature. For more information
Gainful Employment Disclosure������������������������������������������������������������������������������������������������������������������2 November each year. We encourage all students to complete the on how to complete the FAFSA, access the website https://fafsa.
2019-2020 Free Application for Federal Student Aid (FAFSA) form ed.gov or call (800) 4-FED-AID.
Financial Planning������������������������������������������������������������������������������������������������������������������������������������������3 online at https://fafsa.ed.gov. Be sure to include Pacifica’s school Within 3–5 business days of filing the electronic FAFSA, the U.S.
Sources of Financial Aid���������������������������������������������������������������������������������������������������������������������������3-5 code (G31268) when completing the application so that we may Department of Education will provide an electronic Student Aid
Processing the Financial Aid Award����������������������������������������������������������������������������������������������������������5 receive the FAFSA results electronically. Report (SAR) or SAR acknowledgement, which will reflect the
How Aid will be Disbursed�������������������������������������������������������������������������������������������������������������������������� 6 Visit https://studentaid.gov to create the Federal Student Aid ID student’s Expected Family Contribution (EFC). The EFC is not the
(FSA ID). amount that is expected of the student to actually pay. The EFC is
Direct Costs������������������������������������������������������������������������������������������������������������������������������������������������ 6-9
The electronic Free Application for Federal Student Aid (FAFSA) may based on the income and asset data provided on the FAFSA. The
Policies������������������������������������������������������������������������������������������������������������������������������������������������������� 9-12 be completed and submitted to the U.S. Department of Education FAFSA processor analyzes and determines the EFC according to
Glossary of Financial Aid Terms��������������������������������������������������������������������������������������������������������������� 13 at https://fafsa.ed.gov. Each year the FAFSA will be available as federal guidelines and regulations.
early as October 1st. For the 2019-2020 FAFSA, students will re-
port income and tax information from an earlier tax year. For ex-
ample, on the 2019-2020 FAFSA, students will report their 2017
The Mission of Financial Aid at Pacifica
The purpose of financial aid is to provide financial NASFAA CODE OF CONDUCT FOR
assistance to students enrolled in at least a half-time
basis in an eligible program at Pacifica. Pacifica’s
INSTITUTIONAL FINANCIAL AID
PROFESSIONALS
The Cost of Attendance
Board of Trustees, administrators, faculty and staff An institutional financial aid professional is expected to always
do all they can to ensure a quality education that is The Cost of Attendance is a budget determined by the institution to DISSERTATION FEE
maintain exemplary standards of professional conduct in all aspects
accessible to all students. estimate the cost of education for the academic year. This includes When the student enters the dissertation phase of the Ph.D. pro-
of carrying out his or her responsibilities, specifically including all direct costs such as Tuition, Residential/Non-Residential Fees, grams, the nine-quarter dissertation fee will equal the tuition of
Pacifica Graduate Institute is a degree granting institution, ac- dealings with any e ntities involved in any manner in student financial plus estimates of indirect costs, such as living expenses (outside the year the student entered the program. For example, students
credited by the WASC Senior College and University Commission aid, regardless of whether such entities are involved in a government of Pacifica), books, travel, personal and miscellaneous expenses. entering the Ph.D. program in Fall 2019, the dissertation fee will be
(WSCUC) and approved by the State of California Bureau of Private sponsored, subsidized, or regulated activity. In doing so, a financial aid The estimated figures of the indirect costs listed are provided by $29,000. Contact the Financial Aid Office for details. For students
Postsecondary Education (BPPE) and U.S. Department of Education professional should: The College Board and are based on nine-month 2019 California re- entering into the Ph.D. Depth with Specialization in Integrative
for participation in Federal loan programs. We would like to take • Refrain from taking any action for his or her personal benefit. gional and metropolitan budgets developed by the Bureau of Labor Therapy & Healing Practices program in Fall 2019 the 9-quarter
this opportunity to extend our welcome to you. Pacifica’s Board of Statistics. These are only estimates. Individual student costs may dissertation fee will be $27,800.
• Refrain from taking any action he or she believes is contrary
Trustees, administrators, faculty, and staff do all they can to ensure vary based on standard of living and where the student lives.
to law, regulation, or the best interests of the students and INDIRECT COSTS
a quality educational experience.
parents he or she serves. Direct Costs – Tuition and Fees Indirect costs such as books, travel, and reasonable living expenses
While the process of financing an education can be challenging, the • Ensure that the information he or she provides is accurate, are based on a statewide average from a survey conducted by The
TUITION
Financial Aid Office is committed to making this process as manage- unbiased, and does not reflect any preference arising from College Board. Personal expenses may vary based on individual
For current 2019–2020 tuition and fee rates, refer to the Direct Costs
able as possible. Pacifica is committed to a policy of non-discrimina- actual or potential personal gain. student standard of living and residence location. Students who
chart on pages 6–9. Tuition and fee rates are expected to increase
tion on the basis of race, color, national origin, religion, gender, age, find that these estimates do not adequately reflect their cost may
• Be objective in making decisions and advising his or her each year; new rates are effective September 1st each year.
sexual orientation, or handicap in any of its policies pertaining to the petition the Financial Aid Office for an adjustment to their Cost of
institution regarding relationships with any entity involved
awarding of financial aid. The staff of Pacifica Graduate Institute’s RESIDENTIAL/NON-RESIDENTIAL FEES Attendance.
in any aspect of student financial aid.
Financial Aid Office is committed to the highest standards of pro- The Residential Fee covers basic overnight accommodations each
• Refrain from soliciting or accepting anything of other than session during the Fall, Winter, Spring, and Summer quarters at the
fessional conduct. We are members of the National Association
nominal value from any entity (other than an institution of Best Western or the Ladera campus, meals, shuttle service, and
of Student Financial Aid Administrators (NASFAA) as well as the higher education or a governmental entity such as the U.S.
California Association of Student Financial Aid Administrators miscellaneous day use fees. The Non-Residential Fee includes
Department of Education) involved in the making, holding, meals, shuttle service, and miscellaneous day use fees for those
(CASFAA) and follow their ethical principles and code of conduct. consolidating or processing of any student loans, including living in the Santa Barbara/Ventura County area.
We invite you to contact us if you have any questions. anything of value (including reimbursement of expenses) for
serving on an advisory body or as part of a training activity
IMPORTANT NOTE: The financial aid information published in this of or sponsored by any such entity.
handbook is current and accurate at the time of printing. Federal and • Disclose to his or her institution, in such manner as his or her
state regulations governing the various federal and state programs institution may prescribe, any involvement with or interest in
may change periodically. Please consult the Financial Aid Office for any entity involved in any aspect of student financial aid.
the most current information.
2019–2020 FINANCIAL AID GUIDE 1
The Cost of Attendance continued Financial Planning
The figures below are annual estimates for the 2018–20 academic year. Refer to the Direct Cost section of this Guide regarding annual tuition and fees. While attending college is an important investment in a career and personal growth, it is expensive. Careful planning and budgeting are essential.
RESIDENTIAL BEFORE BORROWING • Multiple loans may be necessary to meet the Cost of Attendance.
Living Travel/Misc. Before taking out a loan, the student should research other options that are Students may borrow more than one student loan at the same
Tuition Residential Fee Expenses* Expenses* Loan Fees* Books* Total available to help pay for a college education: time.
M.A. Counseling $24,400 $7,320 $21,222 $3,864 $216 $1,785 $58,807 • Consult family and friends. • Default means failure to repay a student loan according to the
• Search the Web, library, and/or check with an employer regard- promissory note. If the student defaults on a loan, the federal
M.A. Engaged Humanities & Creative Life $20,300 $3,540 $18,954 $0 $216 $1,122 $44,132 government can take action to recover the money. Default will
ing the availability of scholarships, grants, tuition reimbursement
M.A/Ph.D. Mythological Studies $29,500 $6,810 $21,222 $3,864 $216 $1,326 $62,938 programs, and other forms of aid which do not have to be repaid. affect personal credit ratings, and the student will not be able to
M.A/Ph.D. Depth Psych receive additional federal aid.
• Grants and loans may also be provided by various private organiza-
Comm/Lib/Indigenous/Eco Specialization $29,500 $5,670 $21,222 $2,898 $216 $1,035 $60,541 tions, such as companies, unions, civic groups, religious organiza- BUDGETING DURING SCHOOL
M.A./Ph.D. Depth Jungian and tions, veterans groups, and ethnic associations. While enrolled, the student should consider reducing living costs:
Archetypal Specialization $29,500 $3,540 $18,954 $0 $216 $1,137 $53,347
SENSIBLE BORROWING LIMITS DEBT • Create a budget and stick to it.
M.A./Ph.D. Depth Somatic Specialization $29,500 $5,670 $21,222 $2,898 $216 $1,020 $60,526 • Share expenses with a roommate.
Student loans can be a useful tool in funding higher education, but to use them
Ph.D. Depth Integrative Therapy wisely, the student should be aware of the responsibilities that borrowing • If employed, keep the job; if unemployed, even a part-time job can
& Healing Practices $27,800 $5,670 $21,222 $2,898 $216 $831 $58,637 money entails: help defray expenses.
Ph.D. Clinical $29,500 $9,453 $21,222 $3,864 $216 $1,341 $65,596 • The amount of money borrowed to pay for college can limit the ability • Use credit cards only for emergencies.
Psy.D. Clinical $28,700 $7,830 $21,222 $2,898 $216 $1,530 $62,396 to obtain loans after completing school. The student should borrow • Borrow intelligently. Borrow only what can be repaid, and only
as little as possible now to cover school expenses. what is needed.
• Principal is the face value of a loan, the amount upon which inter- • Don’t use loans for day-to-day living expenses.
NON-RESIDENTIAL
est is charged. Interest is the fee charged for the use of borrowed • If borrowing is necessary to finance a college education, then
Non-Residential Living Travel/Misc. money.
Tuition Fee Expenses* Expenses* Loan Fees* Books* Total develop a frugal lifestyle now. While in school, live like a student,
• Repayment is set up on a schedule. Personal credit ratings will be not a professional.
M.A. Counseling $24,400 $4,080 $21,222 $3,864 $216 $1,785 $55,567 adversely affected if the repayment schedule is not maintained.
M.A. Engaged Humanities & Creative Life $20,300 $1,920 $18,954 $0 $216 $1,122 $42,512 In cases with a legitimate reason for not repaying according HELPFUL RESOURCES
to a schedule (such as unemployment or illness), most lenders • Take Financial Awareness Counseling at https://studentloans.gov
M.A/Ph.D. Mythological Studies $29,500 $3,840 $21,222 $3,864 $216 $1,326 $59,968
and the U.S. Department of Education will make adjustments • Learn how to save at www.feedthepig.org
M.A/Ph.D. Depth Psych to the schedule. However, the student must notify the servicer • Create a budget at www.mint.com
Comm/Lib/Indigenous/Eco Specialization $29,500 $3,240 $21,222 $2,898 $216 $1,035 $58,111
immediately. • Get your credit score for free at www.creditkarma.com
M.A./Ph.D. Depth Jungian and • The payment amount due each month can be lowered by extend- • Check your credit reports for free at www.annualcreditreport.com
Archetypal Specialization $29,500 $1,920 $18,954 $0 $216 $1,137 $51,727 ing payments for a longer period of time. However, that means • Review your federal financial aid history at www.nslds.ed.gov
M.A./Ph.D. Depth Somatic Specialization $29,500 $3,240 $21,222 $2,898 $216 $1,020 $58,096 that the total interest paid over time will be greater.
Ph.D. Depth Integrative Therapy
Sources of Financial Aid
& Healing Practices $27,800 $3,240 $21,222 $2,898 $216 $831 $56,207
Ph.D. Clinical $29,500 $5,031 $21,222 $3,864 $216 $1,341 $61,174
Psy.D. Clinical $28,700 $4,212 $21,222 $2,898 $216 $1,530 $58,778
*Estimated Average Pacifica Scholarship Program PACIFICA YELLOW RIBBON SCHOLARSHIP PROGRAM
Pacifica Graduate Institute is pleased to provide up to ten Yellow Ribbon
To make education accessible to students who show high financial
Scholarships each year for qualifying veterans under the Post 9/11 GI Bill
need and academic merit, Pacifica is pleased to offer Educational
on a first-come first-serve basis. Students in the M.A. Counseling program
Assistance to our graduate students. Applications are available through
will qualify for up to $6,500 per year, M.A. Engaged Humanities will qualify
the Financial Aid Office and on our website after January 1st each
for up to $5,400, and those enrolled in the doctoral programs will qualify
year. For a list of all institutional scholarships available, please visit
for up to $7,800 per year.
www.pacifica.edu/financial-aid/financial-aid-scholarship-programs.
New applicants and Returning students must meet the following re- PACIFICA MATCHING AMERICORPS
quirements by July 15th to be considered: SCHOLARSHIP PROGRAM
1) Be accepted into a program of study by July 15th to be considered Pacifica Graduate Institute is pleased to offer the Segal AmeriCorps
for the Program Scholarships or Educational Assistance AND Matching Scholarship to qualified AmeriCorps Alumni enrolled in one
enrolled full-time (minimum 6 units) each quarter. of our Master or Doctoral programs. The Matching Scholarship amount
2) Complete and submit the scholarship application and essay. will be a dollar-for-dollar match up to $4,725 per year with a maximum of
3) Results of the 2019-2020 FAFSA must be on file in the Financial $9,450 throughout enrollment in the program of study. A total of five new
Aid Office for U.S. Citizens or eligible non-citizens in order to scholarships will be available on a first-come first-serve basis.
qualify. PAUL D. COVERDELL FELLOWSHIP
4) International students must complete the International Student The Peace Corps announced the launch of the Paul D. Coverdell
Addendum (page 2 of the application) instead of the 2019-2020 Fellowship Program in partnership with Pacifica. The scholarship is ex-
FAFSA. tended to returned Peace Corps volunteers. For more information, please
visit our website at www.pacifica.edu.
2 PA C I F I C A G R A D U AT E I N S T I T U T E 22 00 11 99 –- 2 0 2 0 F I N A N C I A L A I D G U I D E 3
Sources of Financial Aid continued
EXTERNAL RESOURCES: INTERNATIONAL STUDENT RESOURCES The interest rate on the Grad PLUS loan is fixed and interest begins to • Federal Direct Plus loan repayment may be deferred while
OUTSIDE SCHOLARSHIP SEARCHES We encourage students to apply for the Pacifica Graduate Institute accrue as the funds are disbursed each quarter. The interest rates for enrolled at least half-time and for up to six months following
A few ideas to start your research would be looking into foun- Scholarships. Please refer to the Scholarship section for more in- federal student loans are determined by federal law each year. The the last date of attendance as a half-time student.
dations, organizations (ex: religious, community, professional, formation. Other websites of interest to search for outside scholar- interest rate cap is 10.50% for Grad PLUS loans. • There are several repayment options available to meet the
ethnicity based), local businesses, civic groups, and even your em- ships and loans are: iefa.org, edupass.org. PRIVATE ALTERNATIVE LOANS individual needs of borrowers. Consult with the loan servicer to
ployer for tuition assistance programs. Pacifica offers a listing of Alternative private loans may be available to International stu- understand which repayment options are available. Generally,
Private alternative loans are non-federal loan programs that require
several scholarship search resources at: pacifica.edu/financial-aid/ dents with a credit worthy U.S. citizen to co-sign. To learn more, borrowers have 10 to 25 years to repay, depending on the
at least half-time enrollment (minimum of 3 units at Pacifica), a good
types-of-financial-aid. visit our website at www.pacifica.edu and under Financial Aid, click repayment plan that is selected.
credit history, ability to repay the loan, and U.S. citizenship or perma-
State Sources: www2.ed.gov/about/contacts/state/index.html International Student Resources. • Private Alternative Loan repayment may vary depending on
nent resident status. Some loans may require a credit worthy U.S.
Vocational Rehabilitation: https://www.benefits.va.gov/vocre- citizen or permanent resident co-signer. For complete details of the the lender; generally a six-month grace period is offered. For
hab/index.asp
Student Loans most loans, borrowers have ten (10) years to repay the loan
alternative loans available, please contact the Financial Aid Office or
Tribal benefits: www.doi.gov/tribes/benefits FEDERAL DIRECT UNSUBSIDIZED LOANS visit our website: www.pacifica.edu. and there are several repayment options available. Consult the
Pacifica participates in the U.S. Department of Education’s Federal lender for complete details.
VETERANS ADMINISTRATION LOAN REPAYMENT
EDUCATIONAL BENEFITS Direct Loan Program. The Direct Loan program provides students • Early repayment in whole or in part may be made without
with access to federally Unsubsidized Loans as well as Graduate • Federal Direct Unsubsidized Loan repayment begins six months penalty at any time.
Pacifica is approved to administer Chapter 33 Post-9/11 GI Bill tu- after the student is no longer enrolled at least half-time.
PLUS Loans by allowing students to borrow directly from the U.S.
ition assistance benefits, Yellow Ribbon Scholarships, Chapter 35
Department of Education rather than a private lender.
Survivors’ & Dependents’ Educational Assistance and Chapter 31
Vocational Rehabilitation Benefits for qualifying veterans. To find The Direct Unsubsidized Loans are low interest loans made to
STUDENT LOAN REPAYMENT CHARTS
out if you are eligible under any of these programs, call (888) GIBILL1 students admitted to an eligible academic program and attending
or visit the VA website at www.gibill.va.gov. Pacifica is approved at least half-time (minimum 3 units). The interest rates for federal Estimated Direct Unsubsidized Loan Repayment (fixed 6.6%) Estimated Direct Grad Plus Loan Repayment (fixed 7.6%)
to administer Chapter 33 Tuition Assistance benefits and is proud student loans are determined by federal law each year. The interest
Principal Approx. No. Principal Principal Approx. No. Principal
to offer Yellow Ribbon Scholarships to those qualifying Post 9/11 rate cap is 9.50% for Direct Unsubsidized Loans. The annual maxi- Amount of Monthly + Interest Total Amount of Monthly + Interest Total
veterans. mum for graduate students is $20,500. The aggregate loan limit of Owed Payments Payment Interest Owed Payments Payment Interest
all federal Stafford Loans (FFELP + Direct combined) for a graduate $20,500 120 $234 $7,558 $5,000 120 $60 $2,153
For students eligible for education benefits through the Veteran’s
student is $138,500 (including undergraduate loans and a maximum
Administration, all previous education, and training will be evalu- $41,000 120 $468 $15,116 $10,000 120 $119 $4,307
of $65,500 in Subsidized Stafford Loans).
ated. Credit will be awarded where appropriate and the program $61,500 120 $701 $22,674 $15,000 120 $179 $6,460
will be shortened accordingly. The student and the Veteran’s Direct Unsubsidized Loans are subject to a 1.062% origination fee
$82,000 120 $935 $30,233 $20,000 120 $238 $8,614
Administration will be notified by the Registrar’s Office promptly. for loans with first disbursement on or after 10/1/2018 and before
$102,500 120 $1,169 $37,791 $30,000 120 $358 $12,921
10/1/2019 which is deducted from each quarterly disbursement.
TAX BREAKS FOR COLLEGE The student is responsible for the interest on this loan during el- $123,000 120 $1,403 $45,349 $40,000 120 $477 $17,228
There are a number of federal tax benefits for college, including igible periods of enrollment and deferments (interest deferment $138,500 120 $1,580 $51,063 $50,000 120 $596 $21,535
credits, deductions, and savings incentives. Consult your tax advisor options are available).
or the IRS for complete details. Interest rate is at time of printing. Your monthly payments may be lower under other repayment plans. Visit studentaid.ed.gov for more
FEDERAL DIRECT SUBSIDIZED LOANS up-to-date information.
RESOURCES FOR MORE INFORMATION: Federal Direct Subsidized Loans are no longer available for graduate
Federal Student Loans: https://studentloans.gov and professional students effective for loans made for periods of
IRS Info: www.irs.gov/individuals enrollment (loan periods) beginning on or after July 1, 2012.
College Savings Plans: www.scholarshare.com
College Savings Plans: www.collegesavings.org
FEDERAL DIRECT GRADUATE PLUS LOANS Processing the Financial Aid Award
Student Loan Info: bigfuture.collegeboard.org Available to qualifying graduate/professional students to assist
Income Based Repayment: www.ibrinfo.org with education expenses (tuition, housing, books, travel, and rea- 1) When the FAFSA results are received by the school, the Financial Aid Office will send the student an email confirmation and follow-up if
Student Loan Estimator: www.finaid.org/calculators sonable personal expenses). Direct PLUS Loans are not based on additional documentation is required.
Federal Student Aid: studentaid.ed.gov/sa/ income or assets. However, to qualify borrowers must: 2) Once a new student is admitted and assigned to a Track OR a continuing student is registered for the upcoming school year AND the
More Student Loan Info: https://www.moneygeek.com/ 1) Be a U.S. Citizen or eligible non-citizen and have a valid Social FAFSA results have been received by the Financial Aid Office, an Award Notification email will be sent to the student notifying them of
education/college/ Security Number. their eligibility for Federal Student Aid.
2) Complete the 2019-2020 FAFSA and apply for the maximum 3) The Award Notification email will direct the student to the secure Pacifica Financial Aid website, where students may complete the
CANADIAN GOVERNMENT LOANS
amount of Unsubsidized loans for which you are eligible. financial aid process on-line.
Canadian students may use both the Canadian and provincial loan
3) Meet credit eligibility requirements as determined by the U.S.
programs to fund their education at Pacifica Graduate Institute.
Department of Education.
For further information, access the Canadian Loan website at
www.canada.ca/fr/services/prestations/etudes.html. 4) Complete/submit a Master Promissory Note (MPN) to the U.S.
Department of Education.
Direct Grad PLUS Loans are subject to a 4.2484% origination fee
for loans with first disbursement on or after 10/1/2018 and before
10/1/2019 which is deducted from each quarterly disbursement.
4 PA C I F I C A G R A D U AT E I N S T I T U T E 2019–2020 FINANCIAL AID GUIDE 5
How Aid Will Be Disbursed QUARTERLY DIRECT COSTS MINUS FINANCIAL AID 2019-2020 CONTINUED
In general, financial aid will be released from the U.S. Department of REMAINING CHARGES AND EXCESS FINANCIAL AID M.A. Engaged Humanities and the Creative Life with Emphasis in Depth Psychology - Residential
Education through electronic fund transfer to Pacifica in equal multiple If the student’s total charges exceed financial aid, the student must Fall 19 Winter 20 Spring 20 Summer 20 Total
disbursements that coincide with the start of each enrollment period make payment arrangements with the Student Accounts Office.
(quarter). Disbursements are scheduled for the Thursday following Tuition $5,075 $5,075 $5,075 $5,075 $19,900
Tuition and Fee payments are due 14 days prior to the start of each RESIDENTIAL STUDENTS
the first session of each quarter (Fall, Winter, Spring, and Summer) quarter. Financial aid recipients are responsible for paying the amount + Residential Fee $885 $885 $885 $885 $3,540 The Residential Fee covers 4 day/3 night
after registration and attendance are confirmed. The Financial Aid not covered by their financial aid. = Total Charges $5,960 $5,960 $5,960 $5,960 $23,840 accommodations (meals, shuttle service, misc. day
Office will send an email to students when funds are disbursed. If the student’s financial aid exceeds the total charges each quarter,
use fees) once each quarter.
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284
Pacifica will apply the student’s financial aid toward current quarter the student is entitled to a financial aid refund. Financial aid refunds
= Account Balance $889 $889 $889 $889 $3,556
charges for tuition and fees. Students are responsible for payment of are available after the start of each quarter after registration and
all outstanding charges not covered by financial aid and payment is attendance have been confirmed. Pacifica has partnered with Nelnet
M.A. Engaged Humanities and the Creative Life with Emphasis in Depth Psychology - Non-Residential
due 14 days prior to the start of each quarter. Payment arrangements Business Solutions to provide timely refunds to students. Students
may be made by contacting the Student Accounts Office. have the option of receiving refunds through direct deposit or paper Fall 19 Winter 20 Spring 20 Summer 20 Total
check. Students who sign up for direct deposit will receive their re- Tuition $5,075 $5,075 $5,075 $5,075 $19,900 NON-RESIDENTIAL STUDENTS
STUDENT ACCOUNTS
funds within 7-10 business days after the funds are received by the + Non-Res Fee $480 $480 $480 $480 $1,920 The Non-Residential/Commuter Fee covers meals,
Quarterly payments not covered by financial aid are due 14 days prior school from the U.S. Department of Education. Students who do not shuttle service, misc. day use fees once each
to the start of each quarter. The Student Accounts Office will post = Total Charges $5,555 $5,555 $5,555 $5,555 $22,220 quarter for those living in the Santa Barbara or
sign up for direct deposit, a paper check will be mailed directly from
monthly billing statements online at My.Pacifica.edu Self Service - Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 Ventura County area.
Nelnet Business Solutions approximately 14 days after the funds are
indicating your account balance. Additional lodging is billed approx- received by the school. = Account Balance $484 $484 $484 $484 $1,936
imately 30-45 days after stay. Please be aware that if a refund is re-
ceived at the beginning of the quarter, the student will be responsible FINANCING OPTIONS
for paying any subsequent lodging charges incurred. Pacifica offers students the following options to pay an account bal- Ph.D. Clinical Psychology with Emphasis in Depth Psychology - Residential
For students who have completed all the required paperwork for fi- ance (if applicable) directly to Pacifica’s Student Accounts Office. A Fall 19 Winter 20 Spring 20 Summer 20 Total
$100 late fee will be assessed if the balance is not paid by the first RESIDENTIAL STUDENTS
nancial aid, anticipated financial aid will be reflected on the billing Tuition $7,867 $7,867 $7,867 $5,899 $29,500
day of class each quarter. The Residential Fee covers 4 day/3 night
statements until actual funds are received from the U.S. Department + Residential Fee $2,610 $2,610 $2,610 $1,623 $9,453 accommodations each session during the
of Education each quarter. Students may view individual student ac- • Online at My.Pacifica.edu by using a credit card fall, winter, spring quarters and 7 day/6 night
= Total Charges $10,477 $10,477 $10,477 $7,522 $38,953 accommodations in the summer quarter at the Best
count information on-line at My.Pacifica.edu Self-Service. • Check or money order and mailed to the Student Accounts Office
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 Western or Ladera campus, meals, shuttle service
and misc. day use fees.
= Account Balance $5,406 $5,406 $5,406 $2,451 $18,669
Quarterly Direct Costs Minus Financial Aid 2019-2020 Ph.D. Clinical Psychology with Emphasis in Depth Psychology - Non-Residential
Fall 19 Winter 20 Spring 20 Summer 20 Total
Please refer to the following worksheet for examples of quarterly costs minus financial aid. The net loan figures presented below are based on
borrowing the maximum Direct Unsubsidized Loan of $20,500 for the academic year, minus the 1.062% origination fee. The origination fee is Tuition $7,867 $7,867 $7,867 $5,899 $29,500
NON-RESIDENTIAL STUDENTS
for loans with first disbursement on or after 10/1/2018 and before 10/1/2019. + Non-Res Fee $1,404 $1,404 $1,404 $819 $5,031 The Non-Residential/Commuter Fee covers meals,
For financial aid recipients, quarterly payment for the balance is due in the Student Accounts Office 14-days prior to the start of each quarter. = Total Charges $9,271 $9,271 $9,271 $6,718 $34,531 shuttle service, and misc. day use fees for those
living in the Santa Barbara or Ventura County area.
Visit the Student Accounts website to view the payment schedule. The Student Accounts Office will post monthly billing statements online at - Net Loans $5,071 $5,071 $5,071 $5,071 $20,284
My.Pacifica.edu Self-Service indicating your account balance. When you have completed all the required paperwork for financial aid, anticipated
= Account Balance $4,200 $4,200 $4,200 $1,647 $14,247
financial aid will be reflected on the billing statements until the actual funds are received from the U.S. Department of Education each quarter.
Psy.D. Clinical Psychology with Emphasis in Depth Psychology - Residential
M.A. Counseling Psychology with Emphasis in Marriage and Family Therapy, Professional Clinical Counseling, and Depth Psychology - Residential
Fall 19 Winter 20 Spring 20 Summer 20 Total
Fall 19 Winter 20 Spring 20 Summer 20 Total
RESIDENTIAL STUDENTS Tuition $9,567 $9,567 $9,566 $0 $28,700 RESIDENTIAL STUDENTS
Tuition $6,507 $6,507 $6,507 $4,879 $24,400 The Residential Fee covers 4 day/3 night
The Residential Fee covers 3 day/2 night accommo- + Residential Fee $2,610 $2,610 $2,610 $0 $7,830
dations each session during the fall, winter, spring accommodations each session during the fall,
+ Residential Fee $1,890 $1,890 $1,890 $1,650 $7,320
quarters and 7 day/6 night accommodations in the = Total Charges $12,177 $12,177 $12,176 $0 $36,530 winter, spring quarters. Psy.D. students are not
= Total Charges $8,397 $8,397 $8,397 $6,529 $31,720 summer quarter at the Best Western or Ladera enrolled during the summer quarter and therefore
- Net Loans $6,762 $6,761 $6,761 $0 $20,284 do not incur summer charges.
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 Campus, meals, shuttle service and misc. day use
fees. = Account Balance $5,415 $5,416 $5,415 $0 $16,246
= Account Balance $3,326 $3,326 $3,326 $1,458 $11,436
Psy.D. Clinical Psychology with Emphasis in Depth Psychology - Non-Residential
M.A. Counseling Psychology with Emphasis in Marriage and Family Therapy, Professional Clinical Counseling, and Depth Psychology - Non-Residential
Fall 19 Winter 20 Spring 20 Summer 20 Total
Fall 19 Winter 20 Spring 20 Summer 20 Total
Tuition $9,567 $9,567 $9,566 $0 $28,700 NON-RESIDENTIAL STUDENTS
Tuition $6,507 $6,507 $6,507 $4,879 $24,400 The Non-Residential/ Commuter Fee covers meals,
NON-RESIDENTIAL STUDENTS + Non-Res Fee $1,404 $1,404 $1,404 $0 $4,212 shuttle service, and misc. day use fees for those
+ Non-Res Fee $1,080 $1,080 $1,080 $840 $4,080 The Non-Residential/ Commuter Fee covers meals, = Total Charges $10,971 $10,971 $10,970 $0 $32,912 living in the Santa Barbara or Ventura County area.
= Total Charges $7,587 $7,587 $7,587 $5,719 $28,480 shuttle service, and misc. day use fees for those Psy.D. students are not enrolled during the summer
living in the Santa Barbara or Ventura County area. - Net Loans $6,762 $6,761 $6,761 $0 $20,284 quarter and therefore do not incur summer charges.
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284
= Account Balance $4,209 $4,210 $4,209 $0 $12,628
= Account Balance $2,516 $2,516 $2,516 $648 $8,196
6 PA C I F I C A G R A D U AT E I N S T I T U T E 2019–2020 FINANCIAL AID GUIDE 7
QUARTERLY DIRECT COSTS MINUS FINANCIAL AID 2019-2020 CONTINUED QUARTERLY DIRECT COSTS MINUS FINANCIAL AID 2019-2020 CONTINUED
M.A./Ph.D. Depth Psychology with Specialization in Somatic Studies - Residential
M.A./Ph.D. Mythological Studies with Emphasis in Depth Psychology - Residential
Fall 19 Winter 20 Spring 20 Summer 20 Total
Fall 19 Winter 20 Spring 20 Summer 20 Total RESIDENTIAL STUDENTS
RESIDENTIAL STUDENTS Tuition $7,867 $7,867 $7,867 $5,899 $29,500
Tuition $7,867 $7,867 $7,867 $5,899 $29,500 The Residential Fee covers 3 day/2 night accommo-
The Residential Fee covers 3 day/2 night
+ Residential Fee $1,890 $1,890 $1,890 $0 $5,670 dations each session during the fall, winter, spring
+ Residential Fee $1,890 $1,890 $1,890 $1,140 $6,810 accommodations each session during the
quarters meals, shuttle service and misc. day use
fall, winter, spring quarters and 5 day/4 night = Total Charges $9,757 $9,757 $9,757 $5,899 $35,170
= Total Charges $9,757 $9,757 $9,757 $7,039 $36,310 fees. 1st and 2nd year students are not in residence
accommodations in the summer quarter at the Best
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 during the summer quarter and therefore excluded
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 Western or Ladera campus, meals, shuttle service
from the summer charges for residential fees.
and misc. day use fees. = Account Balance $4,686 $4,686 $4,686 $828 $14,886
= Account Balance $4,686 $4,686 $4,686 $1,968 $16,026
M.A./Ph.D. Depth Psychology with Specialization in Somatic Studies - Non-Residential
M.A./Ph.D. Mythological Studies with Emphasis in Depth Psychology - Non-Residential
Fall 19 Winter 20 Spring 20 Summer 20 Total
Fall 19 Winter 20 Spring 20 Summer 20 Total NON-RESIDENTIAL STUDENTS
Tuition $7,867 $7,867 $7,867 $5,899 $29,500
Tuition $7,867 $7,867 $7,867 $5,899 $29,500 The Non-Residential/Commuter Fee covers meals,
NON-RESIDENTIAL STUDENTS + Non-Res Fee $1,080 $1,080 $1,080 $0 $3,240 shuttle service, and misc. day use fees for those
+ Non-Res Fee $1,080 $1,080 $1,080 $600 $3,840 The Non-Residential/Commuter Fee covers meals, living in Santa Barbara or Ventura County area. 1st
= Total Charges $8,947 $8,947 $8,947 $5,899 $32,740 and 2nd year students are not in residence during
= Total Charges $8,947 $8,947 $8,947 $6,499 $33,340 shuttle service, and misc. day use fees for those
living in the Santa Barbara or Ventura County area. - Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 the summer quarter and therefore excluded from
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 the summer charges for non-residential fees.
= Account Balance $3,876 $3,876 $3,876 $828 $12,456
= Account Balance $3,876 $3,876 $3,876 $1,428 $13,056
M.A./Ph.D. Depth Psychology with Specialization in Jungian and Archetypal Studies - Residential
Ph.D. Depth Psychology with Specialization in Integrative Therapy and Healing Practices - Residential Fall 19 Winter 20 Spring 20 Summer 20 Total
Fall 19 Winter 20 Spring 20 Summer 20 Total Tuition $7,375 $7,375 $7,375 $7,375 $29,500
RESIDENTIAL STUDENTS RESIDENTIAL STUDENTS
Tuition $7,413 $7,413 $7,413 $5,561 $27,800 + Residential Fee $885 $885 $885 $885 $3,540
The Residential Fee covers 3 day/2 night The Residential Fee covers 4 day/3 night accommo-
+ Residential Fee $1,890 $1,890 $1,890 $0 $5,670 accommodations each session during the fall, = Total Charges $8,260 $8,260 $8,260 $8,260 $33,040 dations (meals, shuttle service, misc. day use fees)
winter, and spring quarters. First year students once each quarter.
= Total Charges $9,303 $9,303 $9,303 $5,561 $33,470 are not in residence during the summer quarter - Net Loans $5,071 $5,071 $5,071 $5,071 $20,284
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 therefore excluded from the summer charges for
residential fees. = Account Balance $3,189 $3,189 $3,189 $3,189 $12,756
= Account Balance $4,232 $4,232 $4,232 $490 $13,186
M.A./Ph.D. Depth Psychology with Specialization in Jungian and Archetypal Studies - Non-Residential
Ph.D. Depth Psychology with Specialization in Integrative Therapy and Healing Practices - Non-Residential Fall 19 Winter 20 Spring 20 Summer 20 Total
Fall 19 Winter 20 Spring 20 Summer 20 Total Tuition $7,375 $7,375 $7,375 $7,375 $29,500
NON-RESIDENTIAL STUDENTS RESIDENTIAL STUDENTS
Tuition $7,413 $7,413 $7,413 $5,561 $27,800 + Residential Fee $480 $480 $480 $480 $1,920 The Residential Fee covers 4 day/3 night accommo-
The Non-Residential/Commuter Fee covers meals,
+ Non-Res Fee $1,080 $1,080 $1,080 $0 $3,240 shuttle service, and misc. day use fees for those = Total Charges $7,855 $7,855 $7,855 $7,855 $31,420 dations (meals, shuttle service, misc. day use fees)
living in the Santa Barbara or Ventura County area. once each quarter.
= Total Charges $8,493 $8,493 $8,493 $5,561 $31,040 First year students are not in residence during - Net Loans $5,071 $5,071 $5,071 $5,071 $20,284
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 the summer quarter therefore excluded from the = Account Balance $2,784 $2,784 $2,784 $2,784 $11,136
summer quarter non-residential fees.
= Account Balance $3,422 $3,422 $3,422 $490 $10,756
M.A./Ph.D. Depth Psychology with Specialization in Community, Liberation, Indigenous and Eco-Psychology - Residential Policies Applying to Financial Aid Recipients
Fall 19 Winter 20 Spring 20 Summer 20 Total
RESIDENTIAL STUDENTS
Tuition $7,867 $7,867 $7,867 $5,899 $29,500 ATTENDANCE DISSERTATION ENROLLMENT
The Residential Fee covers 3 day/2 night accommo-
+ Residential Fee $1,890 $1,890 $1,890 $0 $5,670 dations each session during the fall, winter, spring All instructors report attendance after the first class session each Students enrolled in the Ph.D. dissertation phase may be eligible
quarters, meals, shuttle service and misc. day use quarter. Prior to release of financial aid funds attendance must be for financial aid during the initial nine-quarter Ph.D. dissertation
= Total Charges $9,757 $9,757 $9,757 $5,899 $35,170 fees. CLE students are not in residence during the confirmed. Students unable to attend the first session of the quarter enrollment period. Dissertation fee is equal to one year’s tuition at
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 summer quarter and therefore excluded from the
summer charges for residential fees. need to contact the Financial Aid Office. the time the student entered the program of study. Refer to page 1
= Account Balance $4,686 $4,686 $4,686 $828 $14,886 of this Financial Aid Guide, the Dissertation Fact Sheet for Financial
CHANGE OF ADDRESS
Aid Recipients, or contact the Financial Aid Office for complete
It is each student’s responsibility to make sure the Registrar’s Office, details.
M.A./Ph.D. Depth Psychology with Specialization in Community, Liberation, Indigenous and Eco-Psychology - Non-Residential
the Financial Aid Office, and the U.S. Department of Education have
Fall 19 Winter 20 Spring 20 Summer 20 Total the most current and correct address, phone number, and email LEAVE OF ABSENCE (LOA)
NON-RESIDENTIAL STUDENTS
Tuition $7,867 $7,867 $7,867 $5,899 $29,500 information. If this information changes, the respective representa- If a student finds it necessary to interrupt the program of study upon
The Non-Residential/Commuter Fee covers meals,
+ Non-Res Fee $1,080 $1,080 $1,080 $0 $3,240 shuttle service, and misc.day use fees for those living tives must be notified. completion of a quarter, s/he may request a leave of absence from
in the Santa Barbara or Ventura County area. CLE stu- Pacifica. Students must submit to the Registrar’s Office a completed
= Total Charges $8,947 $8,947 $8,947 $5,899 $32,740 dents are not in residence during the summer quarter COURSE REGISTRATION
Leave of Absence form. During this period, the student will not be
- Net Loans $5,071 $5,071 $5,071 $5,071 $20,284 and therefore excluded from the summer charges for The student is required to register for coursework each quarter. All considered enrolled. If the leave exceeds six months, the loan(s)
non-residential fees. loan funds will be returned to the U.S. Department of Education if a
= Account Balance $3,876 $3,876 $3,876 $828 $12,456 received while enrolled at Pacifica will enter the repayment phase.
student is not registered for coursework.
8 PA C I F I C A G R A D U AT E I N S T I T U T E 2019–2020 FINANCIAL AID GUIDE 9
Policies Applying to All Recipients continued
Any prior or consolidated loans may enter repayment immediately; sessions are to inform the student of his/her rights and responsibili- REFUNDABLE RESIDENTIAL AND REFUNDABLE TUITION POLICY - To be eligible for a
consult the U.S. Department of Education for details. Contact the ties as a student loan borrower and about student loan indebtedness. NON-RESIDENTIAL FEE POLICY refund of tuition, timely written notification must be submitted to the
Student Accounts Office for details regarding the LOA fee. Students will be required to complete PLUS Counseling if determined If you plan to miss an on-site session, in order to be eligible for a re- Registrar’s Office. The date of withdrawal will be determined by the date
by the U.S. Department of Education to have adverse credit history fund, written notification must be submitted to Guest Services at least written notification is received by the Registrar’s Office. If you withdraw
LOAN DEFERMENTS or file a Leave of Absence from Pacifica after instruction has begun, you
and an endorser or documented extenuating circumstances. 5 days prior to the start date of the on-site instruction.
Pacifica participates with the National Student Loan Clearinghouse to may receive a partial refund of the tuition charges.
verify enrollment and provide previous lenders and the U.S. Department TRAINEESHIP, INTERNSHIP (Ph.D.), If a student attends any portion of the quarterly on-site session and
then withdraws, takes a Leave of Absence, or drops courses from REFUNDS - Refers to the calculation of institutional charges and
of Education with the most current enrollment information. Students OR PRACTICUM ONLY STATUS is a separate calculation from the Return of Federal Funds calculation.
should contact their loan servicer to initiate the deferment process and Students who register for Traineeship, Ph.D. Internship, or Practicum Pacifica, a Residential/Non-Residential refund will only apply to sub-
The amount of refundable institutional charges (tuition and residential/
may submit In-School Deferment Requests to Pacifica’s Registrar Office. Only Status are not considered to be enrolled and are not eligible for sequent sessions in that quarter and not the session during which the non-residential fees) will be prorated based on school policy (see below).
financial aid or in-school deferments on student loans. student withdraws, takes a Leave of Absence, or drops courses. If there is a balance due by the student as a result of the unearned finan-
FINANCIAL AID SATISFACTORY
If the school cancels or discontinues an on-site session, the student cial aid being returned, the student will be responsible for payment of
ACADEMIC PROGRESS (FSAP) STUDENTS ENROLLED IN Psy.D. will receive a pro rated refund of the fee. the difference.
All students who apply for and receive financial aid must be making CLINICAL PSYCHOLOGY INTERNSHIP:
FSAP toward completion of degree requirements. FSAP is evaluated Students enrolled in the Internship phase of the Psy.D. Clinical TIME FRAME - QUARTER REFUND
annually after grades are posted for the summer quarter to deter- Psychology program will be eligible for aid only during the first three
mine continued eligibility for those students enrolled in coursework. Fall, winter, and spring for all programs, plus summer for M.A. Engaged Humanities, M.A./Ph.D. Jungian and Archetypal Studies, and M.A./Ph.D. Depth Psychology.
quarters of the initial three-quarter Internship enrollment period.
Students must maintain a cumulative grade point average of 3.0 and On or before the first day of class of the quarter
a minimum of 67% of attempted units must be successfully complet- WITHDRAWING, DROPPING, OR CANCELLING (For newly admitted students, the $250 deposit is non-refundable otherwise the refund policy below applies.) 100%
ed with a grade of “C” or better (grade of “B” or better required for CLASSES
First week of the quarter (day 2 to day 7) 80%
Clinical students). For Psy.D. Clinical Psychology the FSAP annual It is extremely important that students speak with the Financial Aid
evaluation will occur after spring grades are posted each year. Refer Second week of the quarter (day 8 to day 14) 70%
Office before reducing or changing enrollment status. Awards may be
to the FSAP brochure available in the Financial Aid Office for complete reduced or canceled if the student fails to maintain required enrollment Third week of the quarter (day 15 to day 21) 60%
details. status. Based on the date of notification, the student may receive a Fourth week of the quarter (day 22 to day 28) 50%
Students who do not make FSAP will receive written notification from pro-rated refund.
the Financial Aid Office and further financial aid will be suspended. Fifth week of the quarter (day 29 to day 35) 40%
Students will not receive prior FSAP warnings. Students whose fi- WITHDRAWING FROM THE INSTITUTE Sixth week of the quarter (day 36 to day 42) 30%
nancial aid is suspended for failure to achieve FSAP may appeal if Student Withdrawals – Students who find it necessary to withdraw After the sixth week (day 43 and beyond) 0%
extenuating circumstances (such as prolonged illness or a death in or take a leave of absence from Pacifica must notify the Registrar’s SUMMER QUARTER POLICY
the family) hindered academic performance. Students are strongly Office in writing. The following policy has been set by the U.S.
encouraged to file their appeal within 2 weeks after receiving notifi- Summer policy for all programs, except M.A. Engaged Humanities, M.A./Ph.D. Jungian and Archetypal Studies, and M.A./Ph.D Depth Psychology.
Department of Education for all federal financial aid recipients.
cation of suspension. Appeals must include a Corrective Action Plan Return of Federal Funds Policy – Pacifica Graduate Institute has On or before the first day of class 100%
(CAP) to explain in detail how and when deficiencies will be resolved. implemented the Return of Federal Funds policy as required by federal After the first day, tuition refund is prorated based upon the number of days in the quarter, up to and including the date written notification is
The Department Chairperson for the respective program of study must regulations (Sect. 668.22 Higher Education Amendments of 1998). received by the Registrar’s Office.
approve the Corrective Action Plan. The appeal and the approved CAP
For those students who are eligible and receive federal financial aid STUDENTS DROPPING OR WITHDRAWING FROM A COURSE:
must be in writing and sent to the Director of Financial Aid.
and find it necessary to withdraw from all courses at Pacifica prior
To be eligible for a refund, a completed Drop Request Form must be received by the Registrar’s Office. The date of withdrawal will be deter-
DISSERTATION STUDENTS FSAP to the completion of the current quarter, the following federal policy mined by the date written notification is received. Students dropping or withdrawing from a course will receive a pro-rated refund based on a
Ph.D. program students are eligible for financial aid during the applies. The focus of the policy is to return the unearned portion of “per unit tuition calculation”* as specified below
nine-quarter dissertation phase of the program. During the first four the federal financial aid for the enrollment period. Only the amount of
financial aid that has been earned (based on TIME FRAME - QUARTER REFUND PER UNIT TUITION CALCULATION*
quarters students must be actively engaged in the dissertation pro-
cess by submitting written material and have on-going communication the number of calendar days completed in the period of enrollment) will On or before the first day of class 100%
with the committee. If a student does not meet this requirement, any be retained on the student’s behalf. Any unearned aid will be returned First week of the quarter (day 2 to day 7) 80%
further aid will be suspended until progress is made and confirmed to the U.S. Department of Education. The Return of Federal Funds will
Second week of the quarter (day 8 to day 14) 70%
by the committee. Students whose financial aid is suspended will be be calculated based on the date the student begins the official with-
notified in writing. drawal process by notifying the Registrar’s Office, the last date of docu- Third week of the quarter (day 15 to day 21) 60%
Following the completion of the initial nine quarters, students must mented attendance or for an unofficial withdrawal, the mid-point of the Fourth week of the quarter (day 22 to day 28) 50%
have an approved proposal on file to remain eligible for financial aid term or the last documented date of attendance. If a student withdraws
Fifth week of the quarter (day 29 to day 35) 40%
during an extended one-year period. Contact the Financial Aid Office from school on or before the 60% point in the term, then the school and
for complete details. possibly the student shall return the percentage of unearned Title IV Sixth week of the quarter (day 36 to day 42) 30%
Please note that once the final dissertation draft is approved by the federal financial aid. The distribution of returned funds is as follows: After the sixth week (day 43 and beyond) 0%
committee, all pending financial aid will be canceled. 1. Federal Direct Unsubsidized Loan
SUMMER QUARTER POLICY
STUDENT LOAN COUNSELING 2. Federal Direct Grad PLUS Loan
On or before the first day of class 100%
Students borrowing from the Federal loan programs are required to 3. State, Private, or Institutional Aid
4. The Student After the first day, tuition refund is prorated based upon the number of days in the quarter, up to and including the date written notification is
complete Entrance Counseling prior to receiving the first loan disburse- received by the Registrar’s Office.
ment and Exit Counseling prior to leaving Pacifica. The loan counseling
*Per unit tuition calculation: the sum of the annual tuition in the specific program divided by the annual units offered in that program multiplied
by the number of units for the class.
1 0 PA C I F I C A G R A D U AT E I N S T I T U T E 2019–2020 FINANCIAL AID GUIDE 11
Policies Applying to All Recipients continued Glossary of Financial Aid Terms
Student Rights and Responsibilities CAPITALIZATION – If a student chooses to defer paying INTEREST RATE – Based on the Bipartisan Student Loan
interest on a loan while in school, the interest is capitalized or Certainty Act of 2013, federal student loan interest rates will
RIGHTS RESPONSIBILITIES added to the principal when the loan enters repayment. be tied to financial markets. Under this Act, interest rates will
The student has the right to ask the college: The student has a responsibility to: be determined each June for new loans being made for the
DEFAULT – Failure to repay a Federal loan, effective when a upcoming award year, which runs from July 1 to the following
• What it costs to attend and what its refund policies are if the • Review and consider all information about the college’s
student is delinquent 270 or more days. June 30. Each loan will have a fixed interest rate for the life of
student drops out. programs before enrolling.
the loan. Private Alternative Loans are generally variable and
• How the college determines whether the student is making • Compare anticipated monthly student loan payments and other DEFERMENT – An entitlement which allows a student
adjusted quarterly.
FSAP and what happens if the student is not. expenses to expected take home pay after college. to temporarily postpone payments for a variety of reasons
• What financial help is available, including information on all • Complete the financial aid application accurately and submit it including: unemployment, disability and returning to school. MASTER PROMISSORY NOTE (MPN) – The Master
federal, state and college financial aid programs, not just on time to the right place. Intentional misrepresentation on an Promissory Note is a legal document. By signing it, a student
DELINQUENCY – A student is considered to be delinquent
loans. application for federal financial aid is a violation of law and a promises to repay current and all future loans. Under this note a
on a student loan if payments are not made on time and are student may receive loans for a single enrollment period or for
• About the deadlines for submitting applications for each criminal offense subject to penalties.
overdue. Delinquency can adversely affect a student’s credit multiple enrollment periods.
financial aid program and how recipients are selected. • Ask current and former students and local employers about the rating and history.
• How financial need is determined, including the costs for school.
ORIGINATION FEE – The fee charged by the government
tuition, fees, housing, food, transportation, books, supplies, • Read and keep copies of all forms and signed agreements. DIRECT PLUS LOAN – Federally guaranteed loans for
to offset the cost of processing the loan. The amount of the fee
personal and miscellaneous expenses are considered in the graduate and professional students. Requires credit approval by is deducted from the dollar amount of the loan.
• Respond promptly and provide all requested documentation,
Cost of Attendance. U.S. Department of Education.
verification, corrections or new information to the appropriate
• What resources (such as parental contribution, private scholar- place. PRINCIPAL – The amount of the loan that must be repaid
DIRECT UNSUBSIDIZED LOAN – A federal loan
ships, personal assets) are considered in the upon maturity and the amount upon which interest will be
• Notify the college and loan servicer promptly of changes in funded and administered by the U.S. Department of Education. charged.
financial need calculation, and how much of the student’s name, permanent mailing address, telephone number, email, The student is responsible for paying the interest on the loan
financial need, as determined by the college, is met. or enrollment status. from the date of disbursement through repayment. PRIVATE LOAN – A non-federal loan designed to cover
• To explain the various elements of the financial aid • Know and comply with the deadlines for applications or tuition costs plus a variety of additional costs and living
package, and how and when aid will be received. DISBURSEMENT – Loan funds issued by U.S. Department of
reapplications for aid, and understand the school’s expenses. Interest rates and terms are based on the applicants’
Education to the school through electronic fund transfer. credit score.
• To reconsider a financial aid application, if the student refund procedures.
believes s/he has been treated unfairly. • Repay student loans, plus interest, even if the student doesn’t FINANCIAL AID ELIGIBILITY – The difference
REFUND – A credit balance issued to the student within
• How much financial aid must be paid back, and what complete his/her education, can’t get a job or isn’t happy with between the total Cost of Attendance and the Expected Family 14 days from the date of disbursement in the case that their
portion is grant or gift aid. If offered a loan, the student has the education provided. Contribution (EFC). financial aid exceeds their quarterly charges.
the right to know the interest rate, the total amount that must • File for a deferment or forbearance, or change repayment
be repaid, payback procedures, when repayment begins and FORBEARANCE – A forbearance is an agreement with the
plans if default is a possibility. WORK-STUDY – Pacifica does not participate in the
the length of the repayment period. holder of the loan, at its discretion, to postpone payments. Federal Work-Study program.
• Complete entrance counseling before receiving the first loan
• How to apply for additional aid, if the student’s financial disbursement, and exit counseling before leaving school. GRACE PERIOD – The amount of time allowed before
circumstances change.
• Report in writing to the college financial aid office all principal repayment of loan must begin after a student gradu-
• To disclose the percentage of its students who complete the additional financial aid resources received. ates, leaves school, or drops below half-time status.
college’s programs, the percentage who transfer out, and its
job placement rates. • You must use your federal student loan for educational
expenses only.
• About the effect outside scholarships may have on
financial aid award.
• For its statistics on crimes, including sexual violence commit-
ted on and off campus, and for its campus safety policies and
procedures, and gainful employment.
1 2 PA C I F I C A G R A D U AT E I N S T I T U T E 2019–2020 FINANCIAL AID GUIDE 13You can also read
