Federal Student Aid
The information supplied is subject to change. For up to date information from the Federal Government please go to: Official Financial Student Aid Information.
TO APPLY YOU MUST HAVE THE FOLLOWING:
- Be enrolled or accepted for enrollment as a regular student.
- Be a U.S. citizen or an eligible non-citizen with a valid Green Card (I-551).
- A valid Email address.
- Males must have registered for the Selective Service.
- You must not be in default on any Educational Loans.
- You must maintain satisfactory academic progress.
- You must be enrolled in at least 6 units
- Exhibit financial need after completing the Free Application for Federal Student Aid (FAFSA).
There are many other requirements to qualify and be eligible. This is what you need to have just to begin the process to see if you are eligible for funding.
FEDERAL LOAN AMOUNTS BY GRADE LEVEL
(The cash values, loan limits, loan fees and interest rates are subject to change)
||Subsidized/Semester (Need Based)
||Unsubsidized/Semester (Not Need Based)
Direct Subsidized loans do not accrue interest while you are a student enrolled at least ½ time (6 units at UEWM) but will begin to acrue at the 6 month grace period after you cease at least ½ time enrollment. Direct Unsubsidized interest accrues from the time the loan is disbursed. If you do not meet the need-based requirements for the subsidized loan, you can borrow the combination of the two loans as an unsubsidized loan. There is a 1% loan fee deducted proportionately from each loan disbursement. The specific loan fee that you are charged will be reflected in a disclosure statement that is sent to you.
Students who are admitted to UEWM as graduated students (i.e., have a bachelor’s degree or the equivalent of three years of undergraduate student [90 semester units]) are eligible to borrow graduate-level Direct Loans. You may expect to borrow a total of approximately $30,750 to complete your program. The maximum graduate loan accumulation is $138,500.
Federal Work Study may be available to qualified students.
Students who are admitted to UEWM and do not meet the requirements of graduate status are eligible to borrow undergraduate Direct loans. You may expect to borrow approximately $18,750 per calendar year/3 semesters. The maximum undergraduate loan accumulation is $ 57,500 for an independent student.
Undergraduates may also qualify for Federal Pell Grants of up to $5,550 for two semesters of full time enrollment. Pell is need-based and is prorated each semester by the number of units you take. Federal Work Student may also be available for qualified students. Undergraduate students are advanced to graduate status at the point when 90 semester units of TCM have been earned.
Quick Links for financial aid:
UEWM Financial Aid Application-New Applicant
UEWM Financial Aid Application- Renew Applicant
Free Application for Federal Student Aid
Federal loan Entrance and Exit Counseling
2012-13 Verification Worksheet For Dependant Students
2012-13 Verification Worksheet For Independant Students
Please carefully follow the steps as outlined on the Applying for Federal Financial Aid link. If you have questions, please call the UEWM Financial Aid Office - Yma Nabong 408-636-7717.