Contents
Catalog Links

Academic Catalog

Financial Aid

Aspen University is currently approved by the U.S. Department of Education to offer federal student aid for all of our degree programs except the Master of Public Health and the Education Specialist degree programs.

 

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.

For Washington State residents seeking information and resources about student loan repayment or seeking to submit a complaint relating to your student loans or student loan servicer, please visit www.wsac.wa.gov/loan-advocacy or contact the Student Loan Advocate at loanadvocate@wsac.wa.gov.

 

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 academic program. Federal education loan participants must be enrolled on at least a half-time basis.
  • Be a U.S. citizen or an eligible non-citizen. Verification of eligible non-citizen status may be required.
  • Have a valid social security number.
  • Complete the Free Application for Federal Student Aid (FAFSA) and the school must have a current Institutional Student Information Record (ISIR) to start the initial eligibility process.
  • Have a high school diploma or its recognized equivalent as defined under the U.S. Department of Education regulation.
  • 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 (SAP) while attending the institution.
  • Not have borrowed in excess of the aggregate Direct Federal loan limits.
  • Not be 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 University is required to establish a cost of attendance (COA) for students receiving federal financial aid in the form of grants or loans. The COA is used to establish a student’s maximum aid amounts and this estimate may not be reflective of a student’s actual costs to attend the University. The University includes the following items in its calculation of COA:

Direct costs:

  • Tuition and fees
  • Books, course materials, supplies, and equipment

Indirect costs:

  • Living expenses
  • Transportation costs
  • Miscellaneous/Personal costs

To calculate COA, the University utilizes the tuition and fees directly from the Academic Catalog. Living expenses, transportation, and personal costs are estimated using data from the College Board. The University does not provide room and board.