At South University - Cleveland* financial aid is available to those who qualify. We’re
here to help you understand what you need to know to fund your education. If you
want to speak with someone in person, please contact a financial aid representative
at 1.855.398.9280.
Financial Aid Changes
Every year, many of the federal aid policies, practices, and awards are up for review and
approval by the federal government. The government also maintains the right to modify all
federal aid policies at any time during the year should there be budgetary or regulation
issues that need to be addressed immediately. Starting with the new financial aid award
year for 2012-2013 that begins officially on July 1st, 2012, the attached document highlights
the pending changes in financial aid awarding and policy. The Financial Aid Office will be
able to answer any specific questions regarding how these changes might or might not affect
you and your financial aid award for the coming school year.
The following links will help you find the information you need to finance your
education.
Types of Financial Aid
Financial aid information is published online and in printed materials. Visit our
financial aid pages or download
a PDF of our
financial aid guide.
Notice of Federal Student Financial Aid Penalties for Drug Law Violations
For information about eligibility requirements for federal student aid programs,
please click here.
Private Education Loans Overview
Private alternative education loans are offered by private lending institutions
and are not subsidized by a government agency. Alternative education loans are not
to be used as a substitution for federal financial aid loans. Alternative education
loans are intended to provide additional funding for your education after all federal
loans are sought.
Application for all alternative loan programs can be done on-line directly with
the lender of your choice. Should you choose a paper Self Certification Form to
begin your application, please click here. The Financial Aid Office can help with any questions
you might have, including information on the Cost of Attendance and what loan amount
you might need when filling this form out.
Private Lender Lists
A list of private lenders for our location can be found by selecting our location
from the drop down menu here.
Student Lending Code of Conduct for Education Loans
To download a PDF of our student lending code of conduct for education loans, please click here.
Private Education Loan Disclosures
Private education loan disclosures are available for download here.
Financial Aid Literacy
We are proud to present our new Financial Literacy resource, FATV! We strongly
encourage our students to utilize our updated short video presentations customized specifically for our students by Financial Aid TV. These informational
videos will provide valuable tips and lessons for understanding financial aid and for managing finances wisely. Some of the topics covered include
financial aid processes and awards, paying for college; time management; credit management; preparing for life after college; and personal finance tips
for undergraduate, graduate and professional students. These can be referenced at any time and will be updated as new information and resources become
available.
Loan Payment Calculator
Please visit the Federal Student Aid website
here, for access to valuable loan calculators to get an idea of what your monthly loan payment might look like, depending on the repayment plan you choose.
When it comes time to repay your loans, we suggest a plan that allows you to pay off your loans the fastest. Remember, the longer you take to pay off your
loans, the smaller your monthly payment, but the more you will pay back in total dollars. Not all loans are eligible for all repayment plans. Private loan
repayment plans are at the discretion of the lender. Please contact your Student Finance Counselor if you have any questions.
Entrance (Initial) Counseling for Student Loan Borrowers
Before receiving a student loan, first-time borrowers must complete an entrance
counseling session. This quick and easy interactive counseling session provides
useful tips and tools to help you develop a budget for managing your educational
expenses and helps you to understand your loan responsibilities. This entrance counseling
session can be found on the Direct Loan Servicing Web
Site.
Exit Counseling for Student Loan Borrowers
Direct loan exit counseling will explain your rights and responsibilities as a direct
loan borrower. Exit counseling information is also located on the Direct Loan Servicing Web
Site. You will need to have your Social Security number and your PIN number
ready in order to log into this portion of the site.
Financial Aid Cost of Attendance
The financial aid office uses an estimate of direct and indirect costs to determine
for how much financial aid a student may be eligible. Direct costs include
tuition, fees, some books and supplies and institutional housing. Indirect
costs include estimates of other living expenses, transportation and personal expenses.
Examples of the cost of attendance estimates used can be found by
clicking here.
National Student Loan Data System (NSLDS)
When a borrower receives a Federal loan, the loan provider must submit that information to the
National Student Loan Data System (NSLDS).
Information in NSLDS is accessible to schools, lenders, and guarantors that are authorized users of the data system.
Students are also able to log in and access all of their federal loan information. Students will need to have their
federal PIN number in order to access their information
State Grant Assistance
To find out more about state grant assistance, please call a student finance representative
at 1.855.398.9280. Please note that state grants typically apply to undergraduate
degrees.
Student Loan Information Published by the Department of Education
Additional information about financial aid can be found by visiting Department of Education Tools
and Resources and the Department of Education
Publications.
*The Cleveland, Ohio campus of South University will apply for eligibility to participate
in the United States Department of Education Title IV programs, but is not currently
eligible to participate in these programs. While the campus expects to become eligible
to participate in Title IV aid programs, it cannot guarantee when or if that approval
will be granted.
Net Price Calculator (NPC)
Please visit our Net Price Calculator to get an early approximation
of your potential costs to attend
South University, Cleveland, OH. All financial results are only an
approximation based on the information you will supply and cannot be considered
an actual award. To be considered for financial aid, you must complete the Free
Application for Federal Student Aid (FAFSA). The calculator is not intended for
transfer, readmitted, international, graduate or continuing students.