Financial Aid

OscarJones

Director of Financial Aid

Students beginning the process of selecting a college soon find that the cost of an education is likely to be a major concern. Woodbury University is committed to assisting students with these costs through a variety of financial aid programs. Many students need help with the educational expenses incurred while attending Woodbury. Scholarships are available that may be awarded based on academic merit.

Financial aid includes grants, scholarships, loans, and part-time employment. The University offers a combination of these types of aid from various sources in an award package. Financial aid is awarded on the basis of financial need. Eligibility for financial aid is established through the Free Application for Federal Student Aid (FAFSA). Continued financial aid eligibility is based on financial need and satisfactory academic progress.

Application for financial aid does not affect a student’s chances for admission.

How To Apply For Financial Aid

Applying for need-based financial aid at Woodbury University is an annual process. Every interested student must submit the proper applications, forms, and financial documents by the posted deadlines to receive full consideration for federal, state, and institutional grant and loan aid. Students who wish to be considered for assistance from Woodbury University are required to complete a Woodbury University Financial Aid Information Request Form.

Incoming students who would like to be considered for Woodbury University need-based institutional aid, federal and state grants, as well as low-interest federal loans must complete the FAFSA. New students must be accepted for admission to Woodbury before any offer of financial assistance will be made.

Current students who are renewing their aid applications or applying for the first time and are interested in receiving Woodbury University need- based institutional aid, federal and state grants, as well as low-interest federal loans are also required to complete the FAFSA. To complete a FAFSA application, go to the FAFSA website at www.fafsa.gov.

Students receiving only merit scholarships are not required to apply for financial aid each year. Assuming all requirements for maintaining these scholarships are met, they are automatically renewed by the Office of Financial Aid. The terms of your merit scholarship are stated in your letter of admission and scholarship notification.

To meet the Cal Grant program deadline, California residents must submit their FAFSA on or before March 2. The Cal Grant program also requires that students who have not previously been recipients of a Cal Grant file a GPA Verification Form with the California Student Aid Commission no later than March 2. The GPA Verification Form is available through high school guidance counselors and local college financial aid offices, including Woodbury’s.

Financial aid is awarded annually for traditional academic fall and spring semesters. Students interested in summer funding should inquire during the preceding semester about the availability of aid.

Financial aid is not automatically renewed each year. Students must reapply each year by completing a new FAFSA.

Who is Eligible?

In order to receive financial assistance from Woodbury, a student must meet the following criteria:

The student must be enrolled or accepted for enrollment as a matriculated student in an eligible undergraduate or graduate program.
The student must be a U.S. citizen or national or:
o a permanent resident of the United States;

o provide evidence from U.S. Citizenship and Immigration Services (USCIS), which is part of the Department of Homeland Security, that student is in the United States for other than a temporary purpose with the intention of becoming a citizen or permanent resident;

o a citizen of the Federated States of Micronesia, the Marshall Islands, or a permanent resident of the Trust Territory of the Pacific Islands (Palau);

o a graduate of an accredited U.S. high school, or hold a GED certificate or an associate’s degree from a community college.
The student must maintain satisfactory academic progress standards.
The student must not be in default on any federal student loan, including Federal Direct Loans, Federal Perkins Loans (formerly called NDSL), Federal Stafford Loans, nor owe a refund to any institution for funds received under the Pell Grant, Supplemental Educational Opportunity Grant (SEOG), or SSIG programs. Further, for parents to receive a PLUS Loan, neither the parent nor the student may be in default or owe an overpayment to any federal grant program.