Graduate Financial Aid Terms & Conditions
To be eligible for Federal Financial Aid, you must be:
- Classified as a degree-seeking student at Point Loma Nazarene University
- Fully admitted by Admissions to the University and to your program.
- Enrolled at least half-time (3 credit hours) per semester
- Maintaining Satisfactory Academic Progress
Unclassified students, non-degree-seeking students and provisionally-admitted students are not eligible for federal financial aid.
You must be a U.S. citizen or eligible non-citizen. Your financial assistance is awarded based on merit and/or calculated need as determined from the information provided on your FAFSA.
To be eligible for most types of Institutional Aid, you must have full-time enrollment (6 or more units) per semester.
Financial Aid Award
If requested, you must provide documents to Graduate Student Financial Services (GSFS) in order to verify the accuracy of information reported on the FAFSA before financial aid can be awarded and/or disbursed. Students must re-file the FAFSA each year for the upcoming academic year.
Federal Direct and/or PLUS loan funds can be credited against your charges after you complete the online processes at www.studentloans.gov, which include:
- loan entrance counseling
- the Master Promissory Note (MPN
- and the application (Grad PLUS only
Funds will not be credited until these items have been received and continued eligibility has been verified.
Financial Aid is funded in one installment each semester approximately two weeks after classes begin, unless otherwise noted. Students who are only registered in Quad II classes, will have their Financial Aid funded during the second week of Quad II. Review your loan(s) on your student portal (my.pointloma.edu) to see the amount scheduled for each term. Financial Aid funding is made directly to your student account. Any Federal funds in excess of your charges will be refunded to you within 14 days of the disbursement.
If you receive any financial assistance from an outside source (e.g., a private scholarship, employer reimbursement) that is not included on your Award Letter, you must inform GSFS.
Revision or Cancellation of Financial Aid Award
All of the following could result in a revision to or cancellation of your financial aid award:
- Changes in financial, marital, enrollment or academic status
- Changes of academic program
- Change of residence (with parent to off campus)
- Changes in laws, regulations, appropriations
- Failure to comply with program guidelines and regulations
You will be responsible for repaying any funds you receive that exceed your financial need, or if for any reason, you become ineligible for the financial aid. If you drop classes, withdraw, or make other academic changes, your financial aid awards may be adjusted and repayment may be required. Please contact the GSFS office prior to dropping or withdrawing from the university. It may impact your current or future aid eligibility.
You must notify the Office of Records if you withdraw from the University or plan to take a semester off. If you stop attending classes without officially withdrawing or completing a Leave of Absence, your financial aid awards may be adjusted and repayment may be required.
PLNU reserves the right to release to the U.S. Department of Education and state agencies, scholarship donors, and college scholarship selection committees any information requested pertinent to your awards (i.e. enrollment status, address, GPA and financial need). However, the University believes the application for and the receipt of financial aid is a confidential matter; information will not be released (other than to these offices/ committees above) without the student’s written permission. You can update your information releases through your student portal.