The following information regarding sources of financial aid is only for citizens and eligible non-citizens. International students, as per federal regulations, are not eligible for Title IV funding.

U.S. Citizens and eligible non-citizens who wish to apply for financial aid need to complete the Free Application for Federal Student Aid (FAFSA), available at www.fafsa.ed.gov. Most students who are eligible for federal aid will also be considered for need-based financial aid from Loma Linda University. In order for us to determine eligibility for need-based aid, please complete the FAFSA application. After the Office of Financial Aid receives the results of your FAFSA, an email will be sent to you with further instructions on completing your application.

Please note that many need-based forms of financial aid are limited and therefore not guaranteed. Students are encouraged to apply as soon as possible, to be considered for the best financial aid package.

Grants and External Scholarships

Federal Pell Grant

Federal Pell Grants are awarded based on student’s financial need as determined by a federal formula.; A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor's or a professional degree or reached their 600% lifetime eligibility limit. For the 2018-19 award year (June 30, 2018 to June 30, 2019), the maximum award will be $5,920. The amount you receive will depend on

  • your financial need,
  • your cost of attendance,
  • your enrollment status as a full-time or part-time student, and
  • your plans to attend school for a full academic year or less.

Check with the Office of Financial Aid to see if you qualify for a Pell Grant.

Federal Supplemental Educational Opportunity Grants (SEOG)

Federal SEOG is offered to undergraduate students who have exceptional financial need, with priority given to Pell Grant recipients. Currently the maximum award is $350 per enrollment period. Unlike Pell Grants there is no guarantee every eligible student will receive an award. In addition, funds are limited. This grant does not need to be paid back.

Cal Grant

The Cal Grant Program is a state-funded grant program to assist students in paying for a college education. It provides grant funds to help pay tuition/fees for California residents at qualifying institutions. If you did not receive an Entitlement Cal Grant award you can apply for a competitive award using the 2018/2019 FAFSA and a GPA verification form (found at http://www.csac.ca.gov/pubs/forms/grnt_frm/gpaform.pdf) The deadline to submit both the FAFSA (including any corrections) and GPA verification form is March 2, 2018.

To be eligible for a Cal Grant you must:

  • Be a US citizen or resident alien
  • Have met U.S. Selective Service requirements
  • Have a valid Social Security Number
  • Be a California resident as of March 2, 2017
  • Not have a prior bachelor's degree and be in an undergraduate program leading to a degree or certificate
  • Be enrolled at least half time
  • Not have family income and assets above the income and asset ceilings (See charts below)

2018-19 Cal Grant Income Ceilings 

 

Cal Grants A & C

Cal Grant B

Dependent and independent students with dependents*

Family size

 

 

Six or more

$114,300

$62,800

Five

$106,000

$58,200

Four

$98,900

$52,000

Three

$91,000

$46,700

Two

$88,900

$41,500

 

 

 

Independent Students

Single, no dependents

$36,300

$36,300

Married

$41,500

$41,500

 

 

 

2018-19 Cal Grant Asset Ceilings

Dependent and independent students with dependents*

$76,500

Independent

$36,400

* Applies to independent students with dependents other than a spouse.

Grant Assistance from Other States

Almost every state education agency has at least one grant or scholarship available to residents, and many have a long list of student aid programs. Eligibility is usually restricted to state residents attending a college in-state, but that's not always the case. There are annual deadlines for most programs (if you miss a deadline, be sure to try again next year). Check out State Financial Aid Programs to find out what financial aid programs may be available to you through your state education agency. Also check out state and regional tuition exchanges and keep in mind that other state-sponsored aid may available through non-profit organizations in your area.

National Medical Fellowship (NMF)

To qualify, an applicant must be a US citizen from one of the following underrepresented minority groups as defined by NMF: American Black, Mexican American, American Indian, and mainland Puerto Rican. NMF is a nonprofit organization that provides grants-in-aid for first- and second-year students judged by NMF to be in need of financial assistance. An application may be obtained on line at https://nmf.fluidreview.com/ from the National Medical Fellowships Inc., 347 Fifth Avenue, Suite 510, New York, NY 10016 Phone (212) 483-8880 email - info@nmfonline.org.

National Health Service Corps Scholarships

The federal government sponsors the National Health Service Corps Scholarships. These very competitive awards carry a service commitment after a medical residency in an underserved area in the United States. The award covers full tuition, fees, books, and supplies plus a stipend for living expenses. Early submission is recommended.

Armed Forces Health Professions Scholarships

These scholarships are available to a limited number of applicants. The scholarship provides full payment of direct (tuition, fees, books, etc.,) educational costs, and a stipend for living expenses. Each carries a service commitment. Students interested in applying for these programs are encouraged to discuss options at the Office of Financial Aid before making a commitment. You may obtain descriptive brochures and applications for these programs by contacting the respective armed forces recruiter.

Free scholarship search web sites

CollegeBoard.com--Paying for college

Finaid--The Smart Student Guide to Financial Aid

FastWeb--free scholarship searches

Scholarships.com--free scholarship searches

Student Aid on the Web Scholarship Search

CollegeNet Mach25 database-free scholarship searches

Federal Work-Study (FWS)

The Federal Work-Study program is a federally-funded employment program. Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.

Here’s a quick overview of Federal Work-Study:

  • It provides part-time employment while you are enrolled in school.
  • It is available to undergraduate, graduate, and professional students with demonstrated financial need.
  • It is a need-based award, and is part of your financial aid package.
  • It is available to full-time or part-time students.
  • Funding is limited; apply early if you wish to be considered for FWS.

You will earn at least the current federal or state minimum wage, whichever is higher. Your pay rate will be set by the employing department and will depend on the type of work you do and the skills required for the position. If you are an undergraduate student, you will be paid by the hour. If you are a graduate or professional student, you may be paid hourly or salary, depending on the position and the work assigned to you. Students will be paid at least once a month. The student is paid directly through the payroll department, either by check or direct deposit into the student’s bank account.

Loans

Federal Direct Stafford Loans – Subsidized and Unsubsidized

Direct Subsidized Loans:

  • Direct Subsidized Loans are available to undergraduate students with financial need.
  • The Office of Financial Aid determines the amount you can borrow, and the amount may not exceed your financial need.
  • The U.S. Department of Education pays the interest on a Direct Subsidized loan while you are in school at least half-time, for the first six months after you leave school (referred to as a grace period), and during a period of deferment (a postponement of loan payments).

Direct Unsubsidized Loans:

  • Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need.
  • The Office of Financial Aid determines the amount you can borrow based on your cost of attendance and other financial aid you receive.
  • You are responsible for paying the interest on a Direct Unsubsidized Loan 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).

Annual Loan Limits

Year

Dependent Students (except students whose parents are unable to obtain PLUS Loans)

Independent Students (and dependent undergraduate students whose parents are unable to obtain PLUS Loans)

First-Year Undergraduate Annual Loan Limit

$5,500—No more than $3,500 of this amount may be in subsidized loans.

$9,500—No more than $3,500 of this amount may be in subsidized loans.

Second-Year Undergraduate Annual Loan Limit

$6,500—No more than $4,500 of this amount may be in subsidized loans.

$10,500—No more than $4,500 of this amount may be in subsidized loans.

Third-Year and Beyond Undergraduate Annual Loan Limit

$7,500—No more than $5,500 of this amount may be in subsidized loans.

$12,500—No more than $5,500 of this amount may be in subsidized loans.

Graduate or Professional Students Annual Loan Limit

Not Applicable (all graduate and professional students are considered independent)

$20,500 (unsubsidized only)

 

 

Subsidized and Unsubsidized Aggregate Loan Limit

 

 

$31,000—No more than $23,000 of this amount may be in subsidized loans.

$57,500 for undergraduates—No more than $23,000 of this amount may be in subsidized loans.

$138,500 for graduate or professional students—No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.

Interest Rate

Loan Type

Borrower Type

Loans first disbursed on or after 7/1/18 and before 7/1/19

Loans first disbursed on or after 7/1/17 and before 7/1/18

Direct Subsidized Loans

Undergraduate

5.045%

4.45%

Direct Unsubsidized Loans

Undergraduate

5.045%

4.45%

Direct Unsubsidized Loans

Graduate or Professional

6.595%

6%

Loan Fees

Loan Fees for Direct Subsidized Loans and Direct Unsubsidized Loans

First Disbursement Date

Loan Fee

On or after Oct. 1, 2018, and before Oct. 1, 2019

1.062%

On or after Oct. 1, 2017, and before Oct. 1, 2018

1.066%

Federal Direct PLUS Loans

Direct PLUS Loans:

  • New student and parent borrowers must apply and complete the Master Promissory Note (MPN) and Entrance Counseling before a PLUS loan can be added to the financial aid award. The PLUS loan will be automatically added to the financial aid award for borrowers with a previous PLUS loan.
  • The borrower must not have an adverse credit history.    Note:  PLUS loans which are approved through the reconsideration process or require an endorser due to adverse credit history, require special loan counseling that is available on the Department of Education’s website; StudentLoans.gov. This requirement applies to both graduate students and parent(s) of a dependent student.
  • The maximum loan amount is the student’s cost of attendance (determined by the school) minus any other financial aid received.

To receive a Direct PLUS Loan, you must

  • be a graduate or professional degree student enrolled at least half-time at an eligible school in a program leading to a degree or certificate, or be the parent (biological, adoptive, or in some cases, stepparent) of a dependent undergraduate student enrolled at least half-time at a participating school; and
  • meet the general eligibility requirements for federal student aid. If you are borrowing on behalf of your child, your child must also meet these requirements.

Interest Rates - These are fixed interest rates for the life of the loan.

Interest Rate for Direct PLUS Loans

First Disbursement Date

Interest Rate

On or after July 1, 2018, and before July 1, 2019

7.595%

On or after July 1, 2017, and before July 1, 2018

7%

Loan Fees

Loan Fees for Direct PLUS Loans

First Disbursement Date

Loan Fee

On or after Oct. 1, 2018, and before Oct. 1, 2019

4.248%

On or after Oct. 1, 2017, and before Oct. 1, 2018

4.264%

Direct loan requirements, MPN, Entrance Counseling and Endorser Addendum, must be completed on line at StudentLoan.gov before the funds can be disbursed.

Entrance Counseling

The goal of entrance counseling is to help you understand what it means to take out a federal student loan and the seriousness and importance of repaying the loan. The U.S. Department of Education requires entrance counseling for all students taking a Direct Loan.

You must complete entrance counseling before the first disbursement of your loan. Direct Loan entrance counseling may be completed online at http://www.studentloans.gov/.

Loma Linda University Institutional Loans

Loma Linda University has various types of Institutional Loans which are available to both undergraduate and graduate students. The majority of the loans are awarded based on financial need and submission of all student requirements.  Additional requirements may be needed before the loans can be awarded.  Check student requirements periodically to confirm no additional documents are needed. 

Additional Loan Requirements:

  • No loan defaults
  • Must be enrolled at least half time each quarter for disbursement (some loans may require full time enrollment)
  • Enrolled in an accredited degree or certificate program
  • Completed promissory note

Loma Linda University Institutional Loans

Loan Name

Loan Rate

Grace Period

School specific loans

A range of 5% to 9% depending on the specific loan

A range of 3 to 12 months depending on the specific loan

Example: LLU Nursing General Loan

8%

6 months

Private Loans

The choice of a lender for your private student loan is yours. Private loans are funded through banks and other private lending institutions. We recommend you only consider private loans after maximizing any federal student loans for which you may already qualify. Federal student loans, unlike private loans, are required by law to provide a range of flexible repayment options including, but not limited to, income-based and income-contingent repayment plans, as well as loan forgiveness benefits, that other student loans are not required to provide.

Since the Department of Education does not regulate private student loans, their terms and conditions can vary widely. Private loans typically also require a credit-worthy co-signer. The LLU Office of Financial Aid has opted to use FASTChoice, a loan comparison service, offered free of charge to schools and lenders, by the Great Lakes Higher Education Corporation. FASTChoice helps you determine your best loan option(s) by providing detailed information on the various loans, as well as the terms and benefits offered by different lenders.

Go to FASTChoice to search and compare private loan options.

Should you decide to apply for a private loan, be patient and respond quickly to all requests from your lender to ensure prompt receipt of your funds. After your loan is approved, the lender will contact us to certify the loan. Once we confirm your eligibility, we will certify the amount of your loan and return an electronic response to your lender. After final loan approval, your lender will send funds to us for disbursement to your student account.

We attempt to process private loans as quickly as possible, but we must allow for the "right to cancel" period to expire. In accordance with the Higher Education Opportunity Act, you have three days to cancel your loan after you receive your final disclosure. Please allow for those three days, plus up to seven additional days for processing.