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Westcliff University

Payment Options & Loans

Payment Options & Loans

Financial assistance Options

Westcliff University offers scholarships, veteran’s benefits and referrals to institutions assisting with loans to help finance the students education. Students have the option to pay in full but for those who cannot pay the entire amount, there are still various plans available that allow the student to graduate without any debt.

  • Payment Plan Options and Policy

    Semester-Based Payment

    Tuition payment is due 30 days prior to the beginning of each semester.

     

    Two Installment Deferred Payment Plan: $50 administrative fee

    This Westcliff University Auto-Debit Payment Plan is available to assist with tuition and certain fees. There is a $50.00 Processing Fee that is charged per payment plan each semester.

    The first payment required to be completed will be a 40% down payment of their current tuition along with the $50.00 processing fee. Students Remaining Balance will then be equally split into the appropriate amounts and dates that will be discussed with a Student accounts Representative and must enroll using the Paypal Auto-Debit Subscription. To request more information or to be enrolled into this payment plan please email the Student Accounts department prior to the start date of the Semester.

     

    Three Installment Deferred Payment Plan: $50 administrative fee

    This Westcliff University Auto-Debit Payment Plan is available to assist with tuition and certain fees.There is a $50.00 Processing Fee that is charged per payment plan each semester.

    The first payment required to be completed will be a 40% down payment of their current tuition along with the $50.00 processing fee. Students Remaining Balance will then be equally split into the appropriate amounts and dates that will be discussed with a Student accounts Representative and must enroll using the Paypal Auto-Debit Subscription. To request more information or to be enrolled into this payment plan please email the Student Accounts department prior to the start date of the Semester.

  • Federal Student Loans

    Federal Direct Loan Program

    • Federal Direct Loans are available to students based on financial aid eligibility.
    • Federal Direct Loan programs are administered by the Department of Education, for qualified students.
    • There are three types of Direct Loans available to undergraduate students: subsidized, unsubsidized, and PLUS.

    Direct Loan Program Requirements

    • In order to qualify for loans from one of the Federal Direct Loan Programs, you must:
    • Students who receive Federal Direct Loans are required to complete Exit Counseling at studentaid.gov within 30 days of dropping below half-time status, or stopping attendance.

    Federal Direct Subsidized Loans

    • Subsidized loans are only available to students who demonstrate financial need.
    • The federal government will pay the interest on this loan while you are enrolled in college at least half-time.
    • Regular payments begin six months after students cease enrollment or fail to carry at least half the normal full time college workload.
    • Students may borrow up to the aggregate annual loan limit that they qualify for each academic year (see chart below) at a fixed interest rate which is established annually by the Department of Education and can be found at Studentaid.gov.
    • Maximum eligibility for Direct Subsidized Loans is based on the published length of the current program a student is enrolled in, so a change in program may affect maximum eligibility.

    Federal Direct Unsubsidized Loans

    • Federal Direct Unsubsidized Loans are available to students to borrow for additional educational costs.
    • Students may borrow up to the aggregate annual loan limit that they qualify for each academic year (see chart below) as a combined total with the Federal Direct Subsidized Loan, at a fixed interest rate published on Studentaid.gov
    • Interest begins to accrue on Unsubsidized Loans immediately after the loan is fully disbursed.
      • You may make payments on interest while in school, or it will be added to your loan’s principal balance.
      • If you would like to make payments on your loans you will need to contact your loan servicer. You can find out more about loan servicers, including how to identify and contact your servicer on StudentAid.gov
    • Regular payments begin six months after students cease enrollment or fail to carry at least half the normal, full-time school workload.

    Federal Direct Plus Loans (Parent PLUS or Graduate PLUS)

    • Federal Direct Parent Loans for Undergraduate Students (PLUS) and Graduate PLUS loans provide additional funds for creditworthy parents and graduate degree students to help pay for educational expenses.
    • The interest rate for these loans is published on studentaid.gov and multiple repayment options are available.
    • The standard repayment schedule begins 60 days after the loan is fully disbursed.
      • Parents may choose to defer repayment for up to six months after the student’s last day of attendance.
      • The repayment for Graduate PLUS loan borrowers is automatically deferred until six months after the student’s last day of attendance.
      • Interest will capitalize while loans are deferred, but borrowers have the option to make payments on the interest during this period.
    • To qualify for a PLUS loan, you must meet the Federal Direct Loan program requirements shown above and complete an online application.

    Notification to Borrowers Regarding the National Student Loan Data System (NSLDS)

    In accordance with federal regulations [34 CFR 668.165(a)], Westcliff University is required to inform student and parent borrowers about the submission of federal student loan information to the National Student Loan Data System (NSLDS).

    • If you receive a Title IV, HEA loan, including Direct Subsidized, Direct Unsubsidized, or PLUS Loans, your loan information will be reported to NSLDS.
    • This information will be accessible by authorized users, including the U.S. Department of Education, guaranty agencies, lenders, and schools participating in the federal student aid programs.

    Loan and Disbursement Notification

    Before Title IV, HEA program funds are disbursed, students and parent borrowers will receive a notification detailing:

    • The amount of funds they are eligible to receive for the academic year.
    • A breakdown of loan types, including Subsidized Loans, Unsubsidized Loans, and PLUS Loans (if applicable).

    For additional information regarding federal student aid, loan borrowing, and NSLDS, visit https://studentaid.gov.

    Annual and Aggregate Loan Limits

    • Annual Loan Limits describe the maximum amount of Federal Student Loans that a student may be eligible to receive in an academic year.
    • Annual Loan Limits are based on the loan type, your year in school (based on credits earned towards your degree), and your dependency status.
    • The Aggregate Loan Limit is the total amount of a Federal Loan type that you are eligible to receive.
    • This chart shows current Annual and Aggregate Loan Limits for Subsidized, Unsubsidized, and PLUS Loans.
    • You can find additional information about Federal Loan Limits at StudentAid.gov.

     

    BORROWER TYPE DEPENDENT UNDERGRADUATE INDEPENDENT UNDERGRADUATE GRADUATE and PROFESSIONAL DEGREE
    YEAR IN SCHOOL Annual Limit Maximum Subsidized Eligibility Annual Limit Maximum Subsidized Eligibility Annual Limit
    FRESHMAN $5,500.00 $3,500.00 $9,500.00 $3.500.00 $20,500 - All graduate loans are unsubsidized as of 7/1/12
    SOPHOMORE $6,500.00 $4,500.00 $10,500.00 $4,500.00
    JUNIOR $7,500.00 $5,500.00 $12,500.00 $5,500.00
    SENIOR and BEYOND $7,500.00 $5,500.00 $12,500.00 $5,500.00
    TOTAL AGGREGATE LOAN LIMITS $31,000.00 $23,000.00 $57,500.00 $23,000.00 $138,500.00

     

    Disbursement

    • Federal Direct Loans are disbursed in two equal installments per loan period.
    • The first disbursement occurs at the beginning of the first period of enrollment and the second disbursement occurs at the beginning of the second period of enrollment.
    • First-time, first-year undergraduate borrowers are subject to a 30-day disbursement delay. This means that students who have not previously received a Federal Direct Loan will receive their first loan disbursement 30 days after the start of their first semester.
    • A loan fee will be deducted proportionally from the loan amount prior to each disbursement. Loan fees are available at Studentaid.gov.
    • If you are receiving Federal Financial Aid, your Financial Aid Advisor will ask you to complete a Title IV Credit Balance Sheet.
      • Title IV Credit Balances will be refunded based on your selection.
    • All Title IV refunds will be returned within 14 from when the financial aid credit balance occurs on a student's ledger card.
    • More information about disbursement timing, communication, and requirements can be found in the Federal Student Loan Disbursement Policy.

    Repayment Options

    • A number of repayment plans are available for Federal Direct Loans, information about these options can be found at StudentAid.gov
    • Repayment is handled by a loan servicer who is assigned by the Department of Education after your loan is disbursed.
    • You can find information about loan servicers and find out how to identify your loan servicer at StudentAid.com
    • Regular repayment of Federal Direct Loans begins six months after you drop below half-time status. However, interest on some loan types begins to accrue or capitalize sooner.
    • If you wish to pay down interest while you are in school you can contact your loan servicer using information found StudentAid.gov
    • For more information about Loan Repayment visit StudentAid.gov
  • Private Loans

    When it comes to the total cost of college, a private student loan can help fill in the gaps that other forms of financial aid do not cover. 

     

    elmselect logo

    ElmSelect is a complimentary service to find and compare private loan options for your specific school and degree.

    To learn more about private loan options you may visit www.elmselect.com and search for Westcliff University, or contact the financial aid office.

     

    About Private Loan Options

    • Loan applicants may require a cosigner with a positive established credit history and stable income. 
    • Cosigners agree to share responsibility for the loan with the student borrower. 
    • The stronger the cosigner’s creditworthiness, the more likely the individual can help secure a lower interest rate, which will directly affect the total amount of money repaid on the loan.

    Lenders are recommended based upon their historical lending with our students or are based upon the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so.

     

    The State of California requires that you be told the following:

    Students considering student loans need to be aware of the differences between federal student loans and private student loans.

    • Federal student loans are required by law to provide a range of flexible repayment options including, but not limited to, income-based and income-contingent repayment plans, as well as loan forgiveness benefits that private lenders are not required to provide.
    • Federal direct loans are available to most students regardless of income. Other qualification criteria do apply. For more information, please visit http://studentaid.ed.gov/eligibility.
    • Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions.
    • The interest rate on a private loan may depend on the borrower's and/or cosigner's credit rating.
    • Private student loans have a range of interest rates and fees and students should determine the interest rate of, and any fees associated with, the private student loan included in their financial aid award package before accepting the loan. Students should contact the lender of the private student loan or Westcliff University’s financial aid office if they have any questions about a private student loan.

     

  • Veteran's Education Benefits

    Westcliff University proudly supports America’s veterans and active duty military personnel. We are committed to serving you with the same integrity with which you served your country. Our goal is to provide you with the education you need to help you to pursue and achieve the success you deserve. Below is a summary of the veteran’s education benefits that are currently available to eligible service members. Westcliff University participates in the Yellow Ribbon program.

    Enrollment Certifications for Veteran’s Educational Benefits

    Questions about your enrollment certifications may be directed to the campus Financial Aid Office. Questions regarding your specific eligibility for education benefits should be directed to your VA Regional Office.

    VA Office and Resources

    The VA Regional Processing Office for California is in Muskogee, OK (PO Box 8888, Muskogee, OK 74402-8888. A detailed list of all benefit offices including addresses and phone numbers may be found at http://www.va.gov/directory/guide/allstate.asp?dnum=3&isFlash=0

    Post 9/11 GI Bill® – Chapter 33

    This program is for student-veterans who have served at least 90 aggregate days on active duty beginning on or after Sept. 11, 2001, or who were honorably discharged from active duty due to a service-related disability after serving 30 continuous days beginning on or after Sept. 11, 2001. Active duty time will determine tuition percentage benefit eligibility that expires 15 years after separation. Additional benefits include tuition and fee payment to school of choice and a book stipend of up to $1,000 per year. VA pays school directly.

    Montgomery GI Bill® (MGIB) – Chapter 30

    Under Chapter 30, active-duty members enroll and pay $100 per month for 12 months. They are then entitled to receive a monthly education benefit once they have completed a minimum service obligation. Eligible veterans have 10 years after leaving the military to use this benefit. Student pays tuition.

    Montgomery GI Bill® for Reservists (MGIB-SR) – Chapter 1606

    A reservist solider must be actively training and have a six-year obligation in the reserve unit to be eligible for this program. This benefit is based on the student’s enrolled credit status, meaning full time, part time, or less have prorated amounts paid out to the soldier’s direct deposit. Student pays tuition.

    Reserve Educational Assistance Program (REAP) – Chapter 1607

    For a reservist activated for more than 90 days after Sept. 11, 2001, the monthly benefit will reflect the length of title 10 orders. This benefit is based on the student’s enrolled credit status, meaning full time, part time, or less have prorated amounts paid out to the soldier’s direct deposit. Student pays tuition.

    Survivors and Dependents Education Assistance (DEA) – Chapter 35

    Dependents educational assistance provides education and training opportunities to eligible dependents of certain veterans. Review education benefits information and application on our website: www.tri-c.edu/gi-bill. VA pays school directly.

    Veteran Readiness and Employment - Chapter 31

    Veterans with a service-related disability rating of at least 20 percent are eligible. VA pays costs such as tuition and fees, books, supplies and equipment. VA will also pay a monthly benefit to help with living expenses. VA pays school directly.

    U.S. Department of Veteran’s Affairs website: http://www.va.gov/

    VA healthcare information: http://www.va.gov/healthbenefits/

    VA career support and information: http://www.va.gov/jobs/

    VA National Resource Directory: Connecting Wounded Warriors, Service Members, Veterans, Their Families and Caregivers with Those Who Support Them: https://nrd.gov/

  • International Students

    We Make Scholars:

    WeMakeScholars has the largest database of external scholarships which can be useful for students from all nationalities. In addition, it offers valuable assistance to Indian students looking to finance their education via education loans. This organization, backed by the IT Ministry, Government of India, has successfully helped some of our students secure education loans from Indian banks. As a processing partner for 15+ banks, they can identify the best loan options that align with your profile. Plus, their services are free of cost, as they come under the Digital India initiative.
     
    To get in touch, you may call their Support team at +91-8341124424 or email hello@wemakescholars.com

 

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Develop a passion for learning. If you do, you will never cease to grow.

Anthony J. D’Angelo