The Top Nine Things You Need to Know About Alliant Financial Aid

  • Request an ID and password. This can also be done at the time of filing the FAFSA.
  • Submit your FAFSA on-line. When you’ve received your login information, go to www.fafsa.ed.gov.
  • The Alliant Federal School Code is 011117.
  • 2016/17 Priority Dates:
    • February 14, 2016 for graduate students.
    • March 2, 2016 for undergraduate students.
  • 2017/18 Priority Dates:
    • February 14, 2017 for graduate students.
    • March 2, 2017 for undergraduate students.
  • You must reapply each year to continue receiving federal financial aid.

 

A student is eligible for financial aid if he or she:

  • Is a U.S. citizen, or eligible non-citizen
  • Is not in default on a federal student loan or has made satisfactory repayment arrangements;
  • Does not owe money back on a federal student grant or has made satisfactory repayment arrangements;
  • Is registered with Selective Service (males at least 18 years old).
  • Has a valid social security number;
  • Is enrolled at Alliant (in at least 5 units for graduate per semester, 6 units for undergraduate/credential; 8 units for graduate, 12 units for undergraduate/credential for some aid in a degree or credential program;
  • Is making Satisfactory Academic Progress (SAP). See Alliant Catalog for more details on SAP.

 

Once Alliant receives your FAFSA data electronically from the Department of Education, we calculate a standard budget for you.The standard budget includes at least full-time tuition (9-15 units depending on the program) and average living expenses. The Financial Aid Package is compiled based on the results of your Student Aid Report (SAR) or your electronic FAFSA data.

Components of a Financial Aid Package:

  • Cost of Attendance – EFC = Financial Need.
  • Cost of Attendance or your Budget – the estimated amount that it will cost you to attend Alliant during the nine-month enrollment period
  • Expected Family Contribution (EFC calculated by a federal formula) -the amount your family can contribute to your education based on your FAFSA information Financial Need – your eligibility for need based aid, such as subsidized Federal Loans, Federal Work Study and some scholarships.

ALLIANT INTERNATIONAL UNIVERSITY
Sample Standard Budget
GRADUATE STUDENT
Fall 2016/Spring 2017 or Fall 2017/Spring 2018

  • Fees $575
  • Books and Supplies $2,310
  • Room and Board $17,750
  • Transportation $3,220
  • Personal Expenses $ 4,200

COA = $54,816, EFC = $5,000 Need = $49,816

The total financial aid award cannot exceed the cost of attendance.
 

  • Once we have determined your eligibility (Financial Need) and packaged your financial aid, we generate your financial aid award letter.
  • We use an Electronic Award Letter on the web. You will receive an email telling you that your Award Letter is available
  • Your Electronic Award Letter will show the standard nine-month budget, your EFC and your individual financial need.
  • You will be instructed to:
    • Accept, Decline or Reduce each award.
    • Complete “Entrance Counseling” and “Financial Awareness Counseling.
    • Submit your Electronic Award Letter

The Financial Aid Office utilizes email as an official means of communicating important information regarding your Financial Aid. Please maintain and review your Alliant email account on a regular basis.
 

  • Alliant Scholarships – Institutional Aid
  • Federal Work Study – Funds that are offered to students to work for jobs on campus or for off campus non- profit organizations.
  • Federal Direct Loans – Direct Loans must be repaid, with interest.
  • Unsubsidized Direct Loans are for all eligible students, regardless of financial need. The student is responsible for paying all the interest on the loan, but can allow it to accumulate while in school and during the grace period. The interest is capitalized and is added to the principal balance when the loan goes into repayment. Repayment starts 6 months after the student graduates or drops below half-time.
    Unsubsidized Direct (HEAL) loan available only to students in Alliant CSPP’s Clinical PsyD and PhD Programs.
    • Repayment for both Direct Loans begins six months after graduation or when the students enrolled unit level drops below half-time status. Interest on Direct Loans is a fixed rate of 5.31% for 2016/17 for graduate students. Interest rates are set by the Federal Government each May for the next fall term.
  • Federal Direct Loan Grad Plus for Graduate Students
    • The Federal GRADPLUS for Graduate students is a federal loan program. Direct Loan is the lender for these loans. Interest rates are a fixed 6.31% starting July 1, 2016. Interest is charged on the loan once as disbursement is made to the school as it is with the unsubsidized Stafford. Interest rates are set by the Federal Government each May for the next fall term.
      Students must be attending at least half time enrollment to be eligible for the loan. Students must be preapproved for the loan as it is dependent on the credit of the borrower. A separate Master Promissory Note must be filled out for this loan through the lender.
  • Alternative Loans
    • Alternative Loans are private loans funded through various lenders. They are credit-based loans and have higher interest rates than federal loans. Students should contact their Financial Aid Office for debt management counseling before applying for these loans.

 

  • Individual tuition may vary depending on the students enrolled unit level. A detailed outline of Alliant’s 2016/17 Costs can be found online under Tuition and Fees after March.
  • Tuition formula:
    [Number of units] X [Per Semester Unit Rate] = [Tuition per Semester] 12 x $1,160 = $13,920
    (Based on maximum 2016/17 tuition rates. Rates vary by program.)
  • Refund formula example:
    [Total Aid Offered] – [Tuition and Fees] = [Refund]. $16,298 – $13,920 = $2,378

 

Financial Aid funds are provided from three basic sources: federal, state and institutional.

  • Federal:
    Federal regulations outline and govern institutional and student responsibilities; application procedures and set policy standards.
  • State:
    The State of California regulates institutional and student responsibilities, maintenance of student records and recipient enrollment requirement.
  • Institutional:
    The Financial Aid Director, in coordination with the school administration establishes financial assistance policies and procedures.

 

  • Direct and alternative loans are sent to the school via EFT or paper check depending on the lender.
  • Institutional aid is posted after compliance is verified.
  • State and federal grants are awarded according to eligibility guidelines.
  • All funds are directly applied to your student billing account.
  • Your student account statement is available online 24 hours a day, 7 days a week at https://my.alliant.edu/ICS/
  • Refunds are issued from the Accounts Payable Office in San Francisco and will be directly wired (EFT) to your checking/savings account within 14 days after the funds have posted to your student account or within the first two weeks of the semester if you have signed up for Erefund. Otherwise a check will be mailed to your address on record with the Registrar office.

We strongly urge students to enroll for direct deposit for any stipend funding.
 

Student should first contact their local Student Affair Representative for all questions on financial aid.
If further assistance is needed then contact the Office of Student Financial Services at
Phone: (858) 635-4700
Email: finaid@alliant.edu