Financial Aid
Institutional Financial Assistance Information
It is a goal of Aspen University to assist every eligible student in procuring financial aid that enables the student to attend school. The University participates in various federal and state student financial assistance programs. The financial aid programs are designed to provide assistance to students who are currently enrolled or accepted for enrollment, but whose financial resources are inadequate to meet the full cost of their education.
The majority of financial aid available to students is provided by the Federal Government and is called Federal Student Aid.
This includes the Federal Pell Grant Program and the William D. Ford Federal Direct Loan (Subsidized, Unsubsidized and PLUS) Program.
Although the primary responsibility for meeting the costs of education rests with the individual student and their families, the Federal Student Aid Program is available and all financial aid is awarded on the basis of financial need, regardless of sex, age, race, color, religion, creed, or national origin. Financial need is defined as the difference between the cost of education for one academic year and the amount a student’s family can be reasonably expected to contribute to this cost of education for the same period.
Consumer Information
Essential information and disclosures that assist prospective and current students in locating important information about Aspen University can be found in the Student Consumer Information section of the website. The presentation of this content is in compliance with the Higher Education Opportunity Act of 2008, which requires colleges and universities to publicly disclose various aspects of their policies and procedures.
Financial Aid Eligibility
To be eligible for financial aid, a student must:
- Be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program;
- Complete the Free Application for Federal Student Aid (FAFSA);
- Be enrolled at least half-time (exception is Pell Grant);
- Have a high school diploma or its recognized equivalent such as a GED certificate;
- Be a U.S. citizen or an eligible non-citizen. Verification of eligible non-citizen status may be required;
- Have financial need (except for some loan programs) as determined by a need analysis system approved by the Department of Education;
- Maintain satisfactory academic progress;
- Have a valid Social Security Number;
- Not have borrowed in excess of the annual aggregate loan limits for the Title IV financial aid programs;
- Be registered for the Selective Service, if required;
- Not in default on a federal student loan and do not owe money on a federal student grant
- Provide required documentation for the verification process and determination of dependency status
Net Price Calculator
Aspen University provides a Net Price Calculator to help estimate educational costs: https://www.aspen.edu/net-price-calculator
Cost of Attendance (COA)
The cost of attendance (COA) is not a bill that you receive from Aspen; it is the total amount it will cost you to attend the University each year. At Aspen, your cost of attendance includes direct costs (tuition, fees and book allowance) that will appear on your bill as well as indirect costs (room and board and personal expenses) that are not billed to you but are estimated costs associated with going to college, and therefore, are included in your budget.