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University of the United States (UUS)

Graduate/Professional College Financing Plan

Student Name, Identifier

Total Cost of Attendance 2024-2025
	On Campus Residence	Off Campus Residence
Tuition and Fees	$X,XXXX
Housing and Food	$X,XXXX	$X,XXXX
Books and Supplies	$X,XXXX
Transportation	$X,XXXX
Other Education Costs	$X,XXXX
Estimated Cost of Attendance	$X,XXXX / yr	$X,XXXX / yr

Student Aid Index
Based on the FAFSA As calculated by the institution using information reported on the FAFSA or to your institution.	X,XXXX / yr
Based on Institutional Methodology Used by many private institutions in addition to the FAFSA.	X,XXXX / yr

Scholarship and Grant Options

Scholarships and Grants are considered “Gift” aid – no repayment is needed. Housing, food, or transportation may be considered taxable.

Scholarships
Merit-Based Scholarships
Scholarships From Your School	$X,XXXX
Scholarships From Your State	$X,XXXX
Other Scholarships	$X,XXXX
Employer Paid Tuition Benefits	$X,XXXX
School-Paid Tuition Benefits	$X,XXXX
Tuition Remission/Waiver	$X,XXXX
Total Scholarships	$X,XXXX / yr

Grants
Need-Based Grant Aid
Institutional Grants	$X,XXXX
State Grants	$X,XXXX
Scholarships for Disadvantaged Students	$X,XXXX
Other Forms of Grant Aid	$X,XXXX
Total Grants	$X,XXXX / yr

VA Education Benefits
VA Education Benefits	$X,XXXX / yr

College Costs You Will Be Required to Pay
Net Price To You Total cost of attendance minus total grants and total scholarships	$X,XXXX / yr

Loan and Work Options to Pay the Net Price to You

You must repay loans, plus interest and fees.

Loan Options^*
Federal Direct Unsubsidized Loan (x.xx% interest rate) (x.xx% origination fee)	$X,XXXX / yr
Grad PLUS Federal Loan (x.xx% interest rate) (x.xx% origination fee)	$X,XXXX / yr
HRSA Loans (x.xx% interest rate) (x.xx% origination fee)	$X,XXXX / yr
Total Loan Options	$X,XXXX / yr

^* For federal student loans, origination fees are deducted from loan proceeds.

Other Options
You may have other options to repay the remaining costs. These include: Tuition payment plan offered by the institution Non-Federal Private education loan, which you or your parent can apply for after passing a credit check Other Military or National Service Benefits

Work Options
Work-Study Hours Per Week (estimated)	$X,XXXX / yrXX / wk
Assistantships	$X,XXXX / yr
Total Work	$X,XXXX / yr

University of the United States (UUS)

Financial Aid Office

123 Main Street

Anytown, ST 12345

Telephone: (123) 456-7890

E-mail: financialaid@uus.edu

Note that the amounts listed
are the maximum available to you. To learn about loan repayment choices and calculate your Federal Loan monthly payment, go
to:
https://studentaid.gov/manage-loans/repayment/plans.

Glossary

Cost of Attendance (COA): The total amount (not including grants and
scholarships) that it will cost you to go to school during the 2024–2025 school year. COA
includes tuition and fees; housing and food;
and allowances for books, supplies, transportation, loan fees, and dependent care. It
also includes miscellaneous and personal expenses, such as an allowance for the rental
or purchase of a personal computer; costs related
to a disability; and reasonable costs for eligible study-abroad programs.
Direct Unsubsidized Loan: Loans that the borrower is
responsible for paying the interest on during all periods. If you choose not to
pay the interest while you are in school and during grace periods and deferment
or forbearance periods, your interest will accrue (accumulate) and be
capitalized (that is, your interest will be added to the principal amount of
your loan).
Student Aid Index: A number used by your school to
calculate the amount of federal student aid you are eligible to receive. It is based on
the financial information provided in your Free Application for Federal student Aid
(the FAFSA). This is not the amount of money your family will have to pay for college, nor
is it the amount of federal student aid you will receive.
Federal Work-Study: A federal student aid program that provides
part-time employment while the student is enrolled in school to help pay his or her
education expenses. The student must seek out and apply for work-study jobs at his or
her school. The student will be paid directly for the hours he or she works may not automatically be credited to pay for institutional tuition or fees. The
amount you earn cannot exceed the total amount awarded by the school for the
award year. The availability of work-study jobs varies by school. Please note that Federal Work-Study earnings may be taxed in certain scenarios; however, the income you earn will not be counted against you when calculating your Student Aid Index on the FASFA.
Grants and Scholarships: Student aid funds that do not have to be
repaid. Grants are often need-based, while scholarships are usually merit-based.
Occasionally you might have to pay back part or all
of a grant if, for example, you withdraw from school before finishing a semester.
If you use a grant or scholarship to cover your living expenses, the amount of your scholarship may be counted as taxable income on your tax return.
Grad Plus Loan: Grad Plus Loans are made to graduate or professional students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required. Borrowers who have an adverse credit history must meet additional requirements to qualify.
Health Resources and Services Administration (HRSA): Health Resources and Services Administration (HRSA) loans include Loans for Disadvantaged Students (LDS); Primary Care Loans (PCL); and Nursing School Loans (NSL). https://bhw.hrsa.gov/loans-scholarships/school-based-loans.
Loans: Borrowed money that must be repaid with interest. Loans from the
federal government typically have a lower interest rate than loans from private lenders.
Federal loans, listed from most advantageous
to least advantageous, are called Direct Subsidized Loans, Direct Unsubsidized Loans,
and Parent PLUS Loans. You can find more information about federal loans at
StudentAid.gov.
Net Price: An estimate of the actual cost that a student and his or her family
need to pay in a given year to cover education expenses for the student to attend a
particular school. Net price is determined by taking the institution’s cost of
attendance and subtracting any grants and scholarships for which the student may be
eligible.
Non-Federal Private Education Loan: A private education loan is a loan issued expressly for postsecondary education expenses to a borrower (either through the educational institution or directly to the borrower) from a private educational lender, rather than as a Title IV, HEA loan offered by the Department of Education.
Origination Fees: An upfront fee charged by a lender for processing a new loan application. It is compensation for putting the loan in place. Origination fees are quoted as a percentage of the total loan.
Scholarships for Disadvantaged Students: Here is a link to a description of the program: https://www.benefits.gov/benefit/875.
Teach Grant Program: Provides grants of up to $4,000 a year to students who are completing or plan to complete course work needed to begin a career in teaching. If you do not meet the requirements of your service obligation, all TEACH Grants you received will be converted to Direct Unsubsidized Loans. You must repay these loans in full, with interest charged from the date of each TEACH Grant disbursement. Service obligation information can be found at https://studentaid.gov/understand-aid/types/grants/teach.
Tuition Payment Plan: A tuition payment plan offered by an institution may allow students to spread out their payments. It includes an extension of credit of 90 days or less in which the educational institution is the lender, or of one year or less where an interest rate will not be applied to the credit payment.
VA Education Benefits: Benefits that help Veterans, service members, and their qualified family members with needs like paying college tuition, finding the right school or training program, and getting career counseling. You can find more information here: https://www.va.gov/education/.
For more information visit https://studentaid.gov.

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