Student Loans for Santa Clara University
About Santa Clara University
Founded in 1851, Santa Clara University is the oldest institute of higher learning in California. It is a non-profit, Jesuit University with a strong Catholic tradition, offering the highest educational standards to its students. The university offers comprehensive undergraduate programs in arts, sciences, business and engineering, as well as a number of postgraduate programs. The high educational standards maintained by the university are reflected through ratings such as the U.S. News and World Report, which has ranked its master’s program number two amongst 115 competing universities in the west.
Santa Clara University Financial Aid
The Santa Clara University Financial Aid program provides several financial aid options which you may lessen your financial burden. The first step in this process is to determine your financial need, which is the difference between your total educational cost and your family’s financial contribution towards your studies. The family contribution is calculated by a standard formula set by the federal government and is based on the information reported on the Free Application for Federal Student Aid (FAFSA). You must fill out the FAFSA form and send it to the relevant address along with other paperwork before you apply for Santa Clara financial aid. The form is available online at fafsa.ed.gov.
Santa Clara University provides aid to most students who apply for it. As a matter of fact, about 2/3 of undergraduates receive scholarship assistance from Santa Clara Financial Aid in the form of both merit-based and need-based awards. Santa Clara’s awards include the Presidential at Entry Scholarship, the Provost Scholarship, the SCU Dean’s scholarship, the Jesuit Ignatian Award and many more.
Other options include state grants, which do not need to be repaid. You can choose to apply for Cal Grant A, Cal Grant B or any other state grant. You can also explore external scholarship packages.
Using Student Loans to Pay Santa Clara University
If you have exhausted the above options and still need financing, you may want to look for private loans. You can use our Comparison Tool, which will allow you to compare interest rates and other characteristics of different loan options so that you can choose the one that suits you best.
The application for SCU financial aid requires students to submit all forms before their respective deadlines. Undergraduate students must file the CSS/Financial Aid PROFILE along with their admissions application. In addition, students must obtain their FSA ID from the U.S. Department of Education and fill out the FAFSA. The FAFSA If the student resides in California, he/she must also fill out the Cal Grant GPA Verification Form in order to be considered for the Cal Grant Program.
When can I apply for Santa Clara Financial Aid?
It is important that you apply for Santa Clara Financial Aid at the beginning of each semester, as funds for Santa Clara Financial Aid must be submitted in a students account at least ten days before classes start. There are set deadlines for each of the financial aid programs available, and you must apply for aid programs well before the deadline in order to be considered for assistance. Not meeting the deadline may lead to cancellation of classes, cancellation of enrollment, or other financial issues.
Can you tell me more about the Santa Clara University financial aid options, specifically parent loans?
Santa Clara University financial aid options include parent loans. The most popular parent loans that are disbursed include the Direct PLUS loan, which are basically federal loans provided by the higher education department. The benefit of parent loans is that they come with a very low interest rate, about 7.5%. They also offer great repayment options.
Pay for Santa Clara University*
|Total Avg. Cost||$53,742|
|Room & Board||$11,742|
|Financial Aid Information|
|Students Receiving Fin Aid||81%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$7,578|
|%Receiving Other Loans||4%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics