Student Aid Eligibility
New students can download the guideline for Federal Student Aid Eligibility for information and reference
Qualified students admitted to the Master’s degree program or Doctoral degree program are eligible for Federal Student Aid to assist with educational costs. Qualified new students must complete each of the following:.
1. First, apply for a federal PIN number from the U.S. Department of Education at www.pin.ed.gov. If you have a federal PIN number but have forgotten it, you can ask to have it sent to you from the PIN website.
Students entering the MSAOM degree program with at least 90 quarter units (60 semester units) are classified as undergraduate students and meet one of the following criterions:
Students entering the MSAOM degree program as a graduate student meet one of the following criterions:
3. After your information has been process, you will receive a Student Aid Report (SAR), usually within three weeks from the submission date of FAFSA. Carefully review the SAR to ensure all information is accurate. Read any comments to determine any further actions. Be sure to retain your SAR with all other financial aid records. SBU will receive a similar report directly from the U.S. Department of Education.
complete, sign and submit the FA Certification Form to
SBU Financial Aid Office by:
South Baylo University Financial Aid Office
Attn: Mimi Park
1126 N. Brookhurst Street
Anaheim, CA 92832
Fax to 714-533-6040 Attn: Mimi Park
e-mail a signed copy to email@example.com.
5. All new students must complete a Loan Entrance Counseling prior to the receipt of the first loan fund disbursement. Loans will not be process until the Financial Aid Office has received confirmation on the completion of the Loan Entrance Counseling sessions.
Please access the www.studentloans.gov to complete Entrance Counseling.
Please access the www.studentloans.gov to complete the Loan Entrance Counseling. You will need to sign in with your 4-digit Federal Student Aid Personal Identification Number (PIN). Select "Complete Entrance Counseling", you will select this on 2 separate pages of the website. Choose "Undergraduate Student" or "Graduate Student”, and proceed with the Entrance Counseling session.
6. Please complete the Direct Loan Master Promissory Note (MPN).
Note: A Master Promissory
Note (MPN) is a loan agreement between you and the student
loan lender. By signing the MPN, you are agreeing to repay your
loans under the terms of MPN. The first time you obtain a loan
at SBU, under and any federal loan programs, you will be
required to complete a MPN. The MPN will serve as a promissory
note for all future loan programs while enrolled at SBU.
Please vsist the https://studentloans.gov/myDirectLoan/index.action to complete the MPN.
In order to expedite the processing of your financial aid, please complete the above steps in a timely manner, read instructions carefully, fill-out forms completely, and respond to inquiries as promptly as possible.
Stafford direct loans are process every three quarters. It's important for students to keep record of your financial aid award and be aware of the next quarter application due date. The FA Office will make every effort to notify students with the time to reapply, but do not depend on the FA office.
Federal Student Aid (FSA) offers grant and loan programs administered by the U.S. Department of Education. South Baylo University participates in the following grants and loans available through Federal Student Aid.
Pell Grants – Undergraduate Students Only
Pell grants are awarded solely on demonstrated financial need to every eligible undergraduate level student.
The duration of Pell Grant eligibility will be implemented through the calculation of a percentage value called the Pell Grant Lifetime Eligibility Used (LEU). A student’s LEU is the sum of each of the percentages of the student’s scheduled award that was actually disbursed to the student for each award year. The calculation of the duration of a student’s eligibility included all years of the student’s receipt of Pell Grant funding. A student is NO longer eligible for Pell Grant funds once the student’s LEU reaches 600%. This change in the duration of student’s Pell Grant eligibility is not limited only to students who received their first Pell Grant on or after the 2008-2009 award years, as the HEA previously provided when the duration of eligibility was 18 semesters. For more information, please visit www.nslds.ed.gov.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates who demonstrate exceptional financial need. Pell Grant recipients with the lowest Expected Family Contributions (EFCs) will be considered first for a FSEOG.
Funds are limited so students are encouraged to apply for FSEOG early and provide all necessary documents in a timely manner. SBU will allocate funds, basis on the availability of funds, over the course of the year.
Federal Work-Study (FWS)
The Federal Work-Study Program (FWS) is a federal financial aid program that provides part-time jobs for undergraduate and graduate students. Jobs are available both on and off campus. In order to qualify for FWS, you must apply for financial aid and provide documented financial need.
The Federal Work Study program earnings are excluded when a student reapplies for financial aid. Thus FWS earnings do not affect future financial aid eligibility however, FWS earnings are taxable.
Direct Stafford Loans, from the William D. Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education.
Direct Stafford Loans include the following type of loans:
• Direct Subsidized Loans - Direct Subsidized Loans are for students with financial need. The financial aid office will review the results of your Free Application for Federal Student Aid (FAFSASM) and determine the amount you can borrow. You are not charged interest while you're in school at least half-time, during grace periods, and deferment periods.
• Grace Period Interest Subsidy for UNDERGRADUATE STUDENTS ONLY – Public Law 112-74 amended HEA section to temporarily eliminate the interest subsidy provided on Direct Subsidized Loans during the six month grace period provided to students when students are no longer enrolled on at least a half-time basis. This change will be effective for new Direct Stafford Loans for which the first disbursement is made on or after July 1, 2012, and before July 1, 2014.
• Loss of Subsidized Loan for GRADUATE STUDENTS ONLY – Effective loan periods beginning on or after July 1, 2012, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans. The annual loan limit remains unchanged at $20,500, but this amount will now be limited to Direct Unsubsidized Loans.
• Direct Unsubsidized Loans - Students are not required to demonstrate financial need to receive a Direct Unsubsidized Loan. Like subsidized loans, the financial aid office will determine the amount you can borrow. Interest accrues (accumulates) on an unsubsidized loan from the time it's first paid out. You can pay the interest while you are in school and during grace periods and deferment or forbearance periods, or you can allow it to accrue and be capitalized (that is, added to the principal amount of your loan). If you choose not to pay the interest as it accrues, this will increase the total amount you have to repay because you will be charged interest on a higher principal amount.
Additional loan types provided under the Direct Loan Program include Direct PLUS Loans (for parents and graduate and professional degree students) and Direct Consolidation Loans (to combine federal education loan debts into a single loan).
The Cost of Attendance (COA) is an estimate costs to attend South Baylo University.
Estimate Cost of Attendance at SBU per Academic Year
Tuition, Fees, and
Books and Supplies
Room and Board
Tuition and Fees: The average cost of tuition and fees for is based on enrolling 30 hours per year. The actual costs will vary depending on the student’s degree or certificate program.
Room and Board: A reasonable estimate in the cost of living in Orange County or LA County while attending school. Actual cost may vary by individual choices related to location and circumstances. Typically room and board includes rent, food, snacks, household supplies, and utilities.
Books and Supplies: The average cost of books and supplies for an entire academic year includes books, educational supplies, course materials, and computer-related expenses excluding the purchase of a personal computer.
Transportation: Represents travel to and from residence and transportation costs to and from class and work (e.g., bus fare, gasoline, tolls, parking).
Personal Expenses and Miscellaneous: Estimate of costs for clothing, haircuts, entertainment and other miscellaneous expenses.
Entrance Counseling is required before you receive your first Stafford or Grad PLUS loan at SBU. In your Entrance Counseling session, you will learn about the types of loans that are available, the terms and conditions for the loans, and your responsibilities related to the loans. This information is provided to ensure you fully understand your loan obligation before you are committed to receiving the loan funds. Complete your Entrance Counseling.
Exit Counseling is required before you leave SBU by graduating, withdraw, or failing to return for a subsequent quarter. In the Exit Counseling session, you will learn to prepare repaying student loans and consider debt management strategies. This information is provided to ensure you understand repayment options and prepares you for payments that will be required on your loans. Complete your Exit Counseling.
The following list is provided as a resource to those students interested in applying for scholarships to help offset the cost of education at South Baylo University. While extensive, this list represents only a portion of scholarships available and does not guarantee eligibility. For details, please contact SBU Financial Aid Office.
Veteran's Administration of Educational Benefits
The University's programs are approved for the training of veterans and eligible individuals under U.S. Code Title 38. Any honorably discharged veteran of the US Armed Forces is eligible to receive educational benefits by submitting an application from the Veteran's Representative (Financial Aid Officer) located in the Financial Aid Office. Rules and regulations associated with this type of educational benefit are also available for students' review.
Applications for veteran's benefits are available at the Financial Aid Office.
For additional information, please contact the VA office at toll-free number (888)442-4551 or visit the VA website: www.va.gov
VETERAN AFFAIRS EDUCATION BENEFIT PROGRAMS
Many veterans and active duty personnel can qualify for Educational Benefits Programs. To apply, veterans and active duty personnel must complete each of the following:
Apply for Benefits
Veteran Affairs (VA) students must file an application for Certificate of Eligibility (COE). Students who have not received VA benefits must file an original application (veterans VAF 22-1990; dependants VAF 22-5490). Students who have received VA benefits must file a Request for Change of Program or Place of Training (veterans VAF 22-1995; dependents VAF 22-5495).
How will you submit your application?
1. Visit VONAPP Veterans Online Applications to complete and submit your application at http://benefits.va.gov/benefits/
2. Submit a paper application (Form 22-1990) by mail to the VA Regional Processing Office. You can mail the form to the region office close to your residence address. To determine the benefits you qualify for, send a copy of the following documents along with the application:
If you have trouble with the application process, you can contact a VA Education Case Manager (888-GIBILL).
Once you have completed and submitted your application, the following process will occur:
Certificate of Eligibility:
Eligible students will be mailed a Certificate of Eligibility letter that describes the eligibility. If the student has received the Certificate of Eligibility, then the student can enroll into SBU classes
SBU is required to recalculate federal financial aid eligibility up through 60 percent of the quarter for students who withdraw, drop out, are dismissed, or take a Leave of Absence. Recalculation is done from the actual date the student begins the University through the last day of recorded attendance. The refund calculation is based on formulas that determine the amount of aid earned and the amount of aid to be returned. The formulas used for recalculation can be obtained from SBU Financial Aid Office.
Note: The Federal Title IV Refund Calculations only apply to withdrawals from all classes. However, if a student changes enrollment status, and if there is an adjustment made to the tuition charge, the Financial Aid Office may recalculate the student Cost of Attendance Budget to see if the aid eligibility has changed.
A student's withdrawal date varies depends on the type of withdrawal. The withdrawal date is determine as follows:
Federal refunds calculations are completely separate from SBU tuition refund policy. Therefore, a student may still owe funds to the University to cover unpaid institutional charges. SBU will also charge the student for any Title IV program funds that SBU was required to return. Federal Title IV funds are always returned in the order mandated by the U.S. Department of Education. That order is:
Federal Financial Aid / Loans Policies
If the student obtains a loan to pay for an educational program, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund. If the student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur:
Student responsibilities are as follows:
Students have the rights to know following:
The following websites offer generic calculators on repayment, calculating interest and general loan management:
Mapping Your Future http://mappingyourfuture.org/paying/standardcalculator.htm
BankRate.com (loans) http://www.bankrate.com/brm/popcalc2.asp
BankRate.com (credit cards) http://www.bankrate.com/calculators/credit-cards/credit-card-payoff-calculator.aspx
Q: What are my responsibilities?
Q: When do I get my financial aid money for living expenses (credit balance)?
A: Student financial aid at SBU is normally disbursed in three equal payments per academic year. Disbursements are typically made by the third week of each quarter after the add and drop period. Financial Aid is posted to your tuition account and you will be notified in writing as to the details of any disbursement made to your account.
If a disbursement creates a credit balance on your account, SBU will issue you a check within 14 days of the posting and will notify you in writing that your check is ready for immediate pick up from the Fiscal Office.
Q: Who can apply for financial aid?
A: To be considered for financial aid, you must meet all of the following requirements:
Q: What circumstances can affect my aid eligibility?
A: The following is a list of circumstances that can have a serious effect on your aid eligibility:
Q: How is financial aid determined?
A: Financial aid is based on demonstrated financial need. This is determined by taking the Cost of Attendance (COA) at SBU and subtracting the Expected Family Contribution (EFC). The EFC is generated by the information reported on the Free Application for Federal Student Aid (FAFSA) and is verified by a federal income tax return and/or agencies providing non-taxable income.
Financial Aid Applications
Managing Student Loans
Education-related Tax Information