51ÉçÇø

Your Path to Funding Your Education

51ÉçÇø is a degree granting institution, institutionally accredited by the and is approved by the for participation in the Federal Loan Programs. We would like to take this opportunity to extend our welcome to you. While the process of financing an education can be challenging, the Office of Financial Aid Office is committed to making this process as manageable as possible. The purpose of financial aid is to provide financial assistance to students enrolled in at least a half-time basis (minimum of three units/quarter) in an eligible program at Pacifica. Pacifica’s Board of Trustees, administrators, faculty and staff do all they can to ensure a quality educational experience.

Financial Aid Guides

The financial aid information published in this handbook is current and accurate at the time of printing. Federal and state regulations governing the various federal and state programs may change periodically. Please consult the Office of Financial Aid for the most current information.

Student Consumer Information

All postsecondary institutions participating in federal financial aid programs are required to make available certain information to assist consumers in making more informed decisions about their education options. Visit our Student Consumer Information page to review our disclosures.

Deadlines

• Students may apply for the Federal Direct Unsubsidized Stafford Loan year-round by completing the but plan ahead to make sure that you complete the required items by the start of the quarter. All items should be accurately completed and received by the Financial Aid Office at least 3 weeks prior to your tuition due date. Although loans will be originated throughout the academic year, students who do not submit the required items in a timely manner must be prepared to meet their tuition obligation.

Pacifica Scholarships

Pacifica is pleased to provide institutional scholarship opportunities. Please visit the Pacifica Scholarship Programs webpage for more information.

FEDERAL & PRIVATE LOANS

FEDERAL DIRECT UNSUBSIDIZED LOANS

Pacifica participates in the U.S. Department of Education’s Federal Direct Loan Program, which allows students to borrow Direct Unsubsidized Loans directly from the federal government rather than from private lenders. Direct Unsubsidized Loans are low‑interest federal loans available to students who are admitted to an eligible program and enrolled at least half‑time (minimum 3 units). Interest rates are set annually by federal law, with a maximum interest rate of 9.50% for Direct Unsubsidized Loans. Graduate students may borrow up to $20,500 per year. The total aggregate limit for all federal Stafford Loans is $138,500, which includes undergraduate borrowing and up to $65,500 in Subsidized Stafford Loans. Visit for updated interest rates and origination fees. Students are responsible for interest that accrues during enrollment and during eligible deferment periods.

The following Federal Direct Loan resources are available to help you complete the financial aid process. You will be redirected to the U.S. Department of Education website. You will need your Federal Student Aid (FSA ID) to access these sites.

FEDERAL WORK-STUDY

Pacifica does not participate in the Federal Work-Study program. Sign the electronic Master Promissory Note Complete the Entrance Loan Counseling

PRIVATE LOANS

Under these programs, students may borrow up to the cost of attendance (as determined by the Financial Aid Office) less other aid received. These loans are non-federal loan programs that require at least half-time enrollment (minimum of 3 units/quarter at Pacifica), a good credit history, the ability to repay the loan, and US citizenship or permanent resident status. Some loans may require a credit worthy US citizen or permanent resident co-signer. Please note that students are encouraged to review their eligibility for federal student loans before pursuing private education loans, as the terms and conditions may be more favorable. For details on federal student loans and their provisions, please visit
It is important that you make an informed decision regarding the lender and loan program you select.

On February 14, 2010, new Truth in Lending Act (TILA) disclosure requirements on private education loans took effect. US Department of Education regulations on private education loans require that:

1. the lender present full disclosure of the terms and conditions of the loan (including fees, interest rates, repayment amounts) and
2. the school certify a student’s cost of attendance and eligibility prior to the lender disbursing funds and
3. the lender obtains written confirmation through a signed self-certification from the borrower that s/he understands the terms and conditions prior to releasing loan funds to the school.

This new process may extend the processing time for private loans and may delay the release of loan funds to the school. Please allow a minimum of two to three weeks for processing of private alternative loans.

Repayment Options:

1. Students generally have three repayment options -refer to terms and conditions for specific options:
2. Pay interest and principal while in school
3. Pay interest-only while in schoolDefer principal and interest and have the interest capitalized, (added to your principal)

There may be a minimum payment per month, but will be adjusted higher depending on amount borrowed. Repayment period is up to 15 – 25 years depending upon type of loan and the amount borrowed.

Loan Fees:

The guarantee fee is often between 0% and 10%, depending on credit history and the availability of a co-applicant. In addition, some loans have an additional fee added to the principal balance when the loan goes into repayment.

Qualifications:

• Students must be enrolled at least half-time Creditworthy (good credit history) or credit ready (no credit history and adhere to cumulative debt limits)
• Sufficient monthly income to repay the loan
• Stable residence and employment history
• U.S. citizen or permanent resident

Interest Rate:

The interest rates are usually variable and may be based on the Prime rate +/- percentage points or a LIBOR rating +/- percentage points depending on the loan program and the lender.

LENDERS

College Ave

Whether you’re a parent or a student looking for a loan, we’re here for you. Take the stress out of paying for college by creating a private student loan that fits your budget and your goals. With a simple application, flexible loan options, and great customer service, we’re here to help you breathe easy on your college journey. Covers 100% of the costs for graduate, master’s, doctoral and professional degrees.

Flexible repayment options and no origination fees. Designed for your graduate program and career timeline.
Visit to apply.

Sallie Mae

The Sallie Mae Graduate School Loan lets you choose the options that are right for you and offers benefits that a Graduate PLUS Loan doesn’t—like no origination fee and quarterly FICO® Credit Scores. Made for your graduate
school needs Get up to 100% coverage of school-certified costs, like tuition, fees, books, housing, meals travel, and technology—with no max for all years of grad school.

Apply once for the money you need for the entire school year. Pay no origination fee or prepayment penalty. Most graduate students who’ve received a Sallie Mae loan were approved again when they returned with a cosigner the following year.

Visit to apply.

NASFAA Code of Conduct for Institutional Financial Aid Professionals

An institutional financial aid professional is expected to always maintain exemplary standards of professional conduct in all aspects of carrying out his or her responsibilities, specifically including all dealings with any entities involved in any manner in student financial aid, regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity.

In doing so, a financial aid professional should:

• Refrain from taking any action for personal benefit.
• Refrain from taking any action believed is contrary to law, regulation, or the best interests of the students and parents served.
• Ensure that the information provided is accurate, unbiased, and does not reflect any preference arising from actual or potential personal gain.
• Be objective in making decisions and advising their institution regarding relationships with any entity involved in any aspect of student financial aid.
• Refrain from soliciting or accepting anything of other than nominal value from any entity (other than an institution of higher education or a governmental entity such as the U.S. Department of Education) involved in the making, holding, consolidating or processing of any student loans, including anything of value (including reimbursement of expenses) for serving on an advisory body or as part of a training activity of or sponsored by any such entity.
• Disclose to the institution, in such manner as the institution may prescribe, any involvement with or interest in any entity involved in any aspect of student financial aid.

For more information please see NASFAA’s Statement of Ethical Principles and Code of Conduct for Financial Aid Professionals.

The Financial Aid available to Pacifica students is determined by applicable government regulations. The financial agreement between Pacifica and its students is stated in signed Tuition and Fee Enrollment Agreements. The 51ÉçÇø Course Catalog is the authoritative source of information concerning the Institute. If there are any questions about the description of Financial Aid at this web site, or discrepancies between this information and that stated elsewhere, the information contained in the government regulations, the Tuition and Fee Enrollment Agreement, the Pacifica Catalog and the Pacifica Guide to Financial Aid brochure take precedence. A Catalog or other information regarding Pacifica’s programs may be obtained by contacting financialaid@pacifica.edu or applicant@pacifica.edu