Jenzabar University

In addition to the programs outlined below, you should explore financial assistance programs available from healthcare providers who employ therapists. Talk to the Human Resources departments of your local school district, hospitals and rehabilitation clinics to see if they offer scholarships or forgivable loans. 

Loans

Educational loans are the largest financial resource available to students pursuing postsecondary education. Student loan programs allow students to borrow money at low interest rates, with no collateral, and generally no co-signer (with the potential exception of Private Student Loans). Additionally, most student loans do not need to be repaid until the student graduates or drops to less-than-half-time status.   

 

Students are reminded that borrowing money for college is a financial obligation. It is important to remember that when you borrow money it must eventually be repaid. When signing a loan promissory note, you enter into a legal, ethical agreement.

Student loans are an investment in your education and an investment in your future!

 Federal Student Aid loan programs:

• Subsidized Stafford Loan: This is a federal loan where the government pays interest while you are in school. Repayment begins six months after graduation.   You may obtain up to $20,500 a year from Stafford. The current interest rate is fixed at 6.8%. You will fill out the FAFSA form to apply for this loan.
• Unsubsidized Stafford Loan: This is a federal loan where interest accrues while you are in school. The interest may be deferred for 6 months after graduation. The current interest rate is 6.8% fixed. You will fill out the FAFSA form to apply for this loan.
• Direct Plus: This is a credit-based, federal loan that can be used to cover educational expenses beyond the Stafford loan limits. The current interest rate is 7.9% fixed. You will fill out the FAFSA form to apply for this loan.

For general eligibility information and step by step instructions on how to apply and complete a promissory note, click on the Financial Aid FAQ.pdf.

The University of St. Augustine’s Federal Title IV Code is G31713.

Financial Assistance Plans:  

• Sallie Mae “Smart Option” Student Loan (Private Loan):
  A graduate student enrolled at least half-time in a degree-granting program may apply for the Smart Option Loan. This loan is designed to help shorten the amount of time it takes to pay off the loan by featuring interest-only payments while you are in school to avoid capitalized interest. This private loan offers creditworthy students the option to borrow up to the cost of education less financial aid received annually on their own signature, typically with a cosigner. (Borrowers may apply for cosigner release after successful completion of their education).  Interest rates start between LIBOR + 2.5% to LIBOR + 9.875%. When you apply with a creditworthy cosigner you may qualify and/or receive an even lower interest rate.  International students with a US cosigner may also apply. For more information or to apply online, click on: www.customschool.com/usa or call 1-888-272-5543.

If you wish to learn more about these financial plans and/or receive applications, please contact the loan agency directly.

Scholarships

The University of St. Augustine offers two types of scholarships for to new, entry-level students. Other scholarship information is available at the following sites: www.cashe.com;  www.csfa.org.

If you need more information on Financial Assistance options, contact our Financial Aid Coordinator, Donna McCutchan.  For information about University of St. Augustine scholarships, contact Laina Derringer, in the Enrollment Services office.

Please note:  The University will cooperate completely with all agencies responsible for the collection of loans in order to preserve the integrity of the loan process for the benefit of future students.