Financial Aid

Office of Financial Aid

The mission of the financial aid office is to help remove financial barriers and to assist students in meeting the cost of attendance at HPU. The role of our office is to help fill the gap that exists between the cost of attendance and funds available from your family, savings, and other resources. As you complete your admissions process and prepare to attend HPU, we would like to offer you some important information on financial aid. We strive to maintain good communication with our students and are always looking for better ways to share critical information. Applying for aid can feel like a daunting process, but we are here to assist you and help you make informed decisions. We encourage you to read through the financial aid website thoroughly, it has all the details on the application and awarding process. 

Students who file the Free Application for Student Aid (FAFSA) may be eligible for Federal Stafford Loans. Graduate students may borrow up to $20,500 each year in Stafford Loans depending on Cost of Attendance and any outside or institutional awards you may have. Your Cost of Attendance (budget) will vary depending on your status as a fulltime or part time student, and on the graduate program in which you are enrolled.

To be eligible for Federal Direct Stafford Loans, graduate students must be accepted and enrolled in at least 5 credits in an eligible degree program. CAPSTONE CLASSES LESS THAN 5 CREDITS AND CERTIFICATE PROGRAMS DO NOT QUALIFY FOR FEDERAL AID.

 In addition to Federal Direct Stafford Loans, graduate students are also eligible to apply for Graduate PLUS loans. The Federal Graduate PLUS Loan (Grad PLUS Loan) enables eligible graduate students with good credit histories to borrow funds in addition to their Stafford loans up to their Cost of Attendance. The Federal Direct Graduate PLUS Loan is a low interest loan program that enables graduate students to borrow directly from the U.S. Department of Education to help pay for their educational expenses. Those interested in applying for a Graduate PLUS loan should first complete the FAFSA application. Students are encouraged to exhaust their subsidized/unsubsidized Stafford loan eligibility before seeking a Graduate PLUS loan. Loan payments can be deferred while in school at least half time and the loan has flexible repayment options.

Military campus programs are assigned for military active duty members, their spouses and, children.

 

HOW TO APPLY?

File the Free Application for Federal Student Aid (FAFSA) any time after January 1st for the next school year. The priority deadline for the upcoming school year is March 1st. You may still file the FAFSA anytime during the year, however, you need to complete your application and documents at least two months before the start of your first term in order to have funds available to you for the beginning of the term. The deadline or final day to process aid for any particular term is 3 weeks prior to the last day of the term.

 

ELIGIBILITY

Students must be enrolled in a degree seeking program and must take at least 6 credits in order to be eligible for federal loans. Students must take at least 12 degree applicable credits to be considered full-time for financial aid purposes. Students attending 8B classes may not receive all of their financial aid until the start of the 8B session. MIL and AIR classes for ROTC students will not be included for financial aid purposes unless they satisfy a degree requirement as verified by an academic advisor. Also, certificate and repeat coursework will not qualify for financial aid. Please contact the Office of Financial Aid for more information.

 

CHANGE OF STATUS

If you change your status (Full time to Part time and vice versa) you must contact the financial aid office as the change may affect your financial aid.

 

DISBURSEMENT OF FUNDS

Students enrolled in courses less than the full 15-week semester (enrolled in 8B 8-week term) may not receive their full aid until later in the term, and may be subject to reduction or repayment of aid for courses dropped, or otherwise not completed, after aid has been disbursed. Pell eligible students will not receive the full distribution of the Pell Grant awarded amount until they have begun attendance in all courses for which they are enrolled (beginning of 8B term if applicable). Call the Financial Aid Office for details on your specific situation.

SUMMER

Summer financial aid eligibility will vary by student. In general, students who have not used all of their Stafford Loan eligibility for the current school year may apply to use their remaining eligibility. Pell eligible students can also request that they be reviewed for additional Pell grant eligibility. ALL students may apply for credit based alternative/private loans, graduate students may apply for Graduate PLUS loans, and dependent students may have parents apply for additional Parent PLUS loans. Students who are interested in receiving loans must be registered for a minimum of 6 credits over the combined three summer terms and be making satisfactory academic progress. Please complete a Summer Request Form and submit it to the Financial Aid Office along with a copy of your summer course schedules. The deadline to process summer aid is July 15th of the same year.

 

WINTER

The Office of Financial Aid does not process any federal aid for the Winter term. Students will be responsible for all winter balances.