enrollment: Financial Aid
There are several financial aid options available to Golden Gate University students. In general, these options fall into the following categories: Federal financial aid, state grants, GGU scholarships & grants, and private loans. GGU's financial planners are eager to assist you to develop a customized financial plan that maximizes the use of grants or scholarships in order for you to graduate with the lowest debt level possible.
FINANCIAL AID OFFICE
The federal government provides aid to citizens of the US to pursue higher education. Federal aid typically includes federal Direct and Perkins Loans, grants and work-study funds. Subsidized and unsubsidized Direct Loans are federal, low-interest loans. Interest rates are subject to change on July 1st each year. See the 2013-2014 interest rates table for more information. "Subsidized" means that interest is paid for by the federal government while you are enrolled at least half-time. In most cases you can defer making any payments of principle and interest until after you leave school. Once you go into repayment (6-9 months after you leave school), you typically have from 10 to 20 years (or more) to repay the loan. And, in many cases, your loan servicer may allow you to temporarily stop making payments if you return to school, have trouble finding a job or are temporarily unemployed, have a medical disability, or if you simply are having difficulties making your payments. Federal Perkins Loan amounts vary (generally a maximum of $4,000 per year) and are repayable at 5 percent annual interest beginning nine months (for new students) after you cease to be enrolled at least half-time. You may have up to ten years to repay the loan. Grants are awarded on the basis of financial need or a combination of need and merit and do not need to be repaid. Federal Work-Study provides work opportunities, typically on campus. Pay rates vary depending upon the position.
The basic federal application for consideration for all forms of financial aid. Be sure to list Golden Gate University as a recipient of the data in Step 6; our federal Title IV School Code is 001205. To file the FAFSA online, go to www.fafsa.ed.gov
You must also complete this short form to help assist you with your financial planning by gathering basic personal, academic and program information. Please pay careful attention to the section requesting number of units you will take.
GGU processes completed aid applications on a rolling basis in the order by which they become complete. Please understand that we cannot process your file until it is complete and you are admitted to a program.
The California Student Aid Commission (CSAC) administers grant programs for California residents. Cal Grants are awarded on the basis of financial need or a combination of need and merit. You do not need to repay grants, however, you may be required to maintain a certain GPA or other requirements in order to continue receiving the award.
Scholarships may be funded by a variety of sources, including private groups and agencies and the university itself. Typically, scholarships are generally awarded on the basis of financial or academic merit. You do not need to repay scholarships, however, you may be required to maintain a certain GPA or meet other requirements to continue receiving the award.
PRIVATE / ALTERNATIVE LOANS
Student loans are typically financed by the federal government, but many are also available from private lenders. These loans require completing a separate loan application, available from lender online
Private/Alternative loans are based on credit. A co-signer may be required. All lenders reserve the right to make changes to interest rates and other criteria without notification to Golden Gate University. Students should review all federal student loan options before investigating private student loans. If you are a GGU student, the Financial Aid Office will be able to check on your federal student loan eligibility for you. If you are a graduate student, we recommend that you compare interest rates, deferment options, repayment time frame as well as cosigner criteria with the Private /Alternative Loan and the DIRECT Graduate PLUS loand program with the U.S. Department of Education.
*Students who elect to apply for a private/alternative educational loan will also have to fill out the Self-Certification Form. (This is an example only and is submitted to the lender not Golden Gate University.)
LENDER LIST FOR PRIVATE/ALTERNATIVE LOANS
The following lenders have been historically used by Golden Gate University students. You may choose any lender for a private/alternative loan even if the lender is not on the Golden Gate University lender list if they have private/alternative educational loan products.
- Wells Fargo (877-437-3029)
- Chase (866-309-0868)
- Discover (877-728-3030)
- Sallie Mae (888-272-5543)
- First Marblehead Bank (866-232-3889)
- Citibank (800-788-3688)
All lenders reserve the right to make changes to interest rates and other criteria without notification to Golden Gate University. It is highly recommended that students visit each website AND compare the loan variable especially interest rates and repayment schedules. Students should review all federal student loan options before investigating private student loans. If you are a current GGU student, the Financial Aid Office will be able to check on your federal student loan eligibility for you. If you are a graduate student, we recommend that you compare the Graduate Direct Unsubsidized and the Graduate PLUS loan with the private loan you qualify for with regard to interest rates, repayment benefits, fees and repayment periods. Note: Private/Alternative Loan lenders may do individual credit worthiness reviews on each student's loan application.
You are free to choose any lender that participates in private educational loan products even if the lender is not on the list. The lenders listed above have been used by GGU students historically.
From academic program offerings, to financial aid resources, to information regarding our student outcomes — you will find everything you need to make an informed decision about attending Golden Gate University. Most links lead to other Web pages that provide more detailed information. If you have additional questions, please contact us at the phone numbers or e-mail addresses below.
CODE OF CONDUCT
University Office of Financial Aid Employees:
- Do not receive anything of value from any lending institution, servicer or guarantee agency in exchange for an advantage sought by the lending institution, servicer or guarantee agency.
- Do not accept anything, of more than nominal value, from any lending institution, servicer or guarantee agency.
- Do not receive anything of value for serving on advisory boards of any lending institution, servicer or guarantee agency.
The Golden Gate University Office of Financial Aid hires its own employees and not employees of lenders, servicers or guarantee agencies in staffing the office.