FAQ Friday - Financial Aid

Date: 
Friday, March 18, 2011

FAQ Friday - Financial Aid

1.    How much does it cost to attend PLNU?
          +    For the 2010-2011 school year, the total cost including tuition, fees, and room and board was $35,700
2.    How can I afford that???
          +    Point Loma is committed to offering you as much financial aid as possible, and our Student Financial Services employees are your advocates in making attending PLNU a reality!  We offer performance based scholarships (like athletics, music, speech and debate and more!) , merit based scholarships (based on GPA and test scores), need based grants (that require the FAFSA, but are awarded on different standards than a CalGrant!), and more.  We will work with you from the moment you become interested in PLNU—it’s never to early to start thinking about finances!
3.    How many students get financial aid?
          +    Most students—in fact, more than 90% of students get financial aid. 
4.    Can I use VA benefits?
          +    Definitely!  Veterans Administration (VA) benefits are awarded to veterans of the Armed Services and dependents who qualify, and Point Loma is a Yellow Ribbon institution. More info here!
5.    What scholarships are available?
          +    Point Loma is committed to offering you as much financial aid as possible, and our Student Financial Services employees are your advocates in making attending PLNU a reality!  We offer performance based scholarships (like athletics, music, speech and debate and more!) , merit based scholarships (based on GPA and test scores), need based grants (that require the FAFSA, but are awarded on different standards than a CalGrant!), and more. There are even some scholarships available based on your major.  Just get in touch with your Admissions Counselor
6.    How do I apply for scholarships?
          +    Applying for merit-based scholarships is easy—just apply to PLNU!  Your scholarship application is a part of your admissions application.  Need based aid requires that you apply to PLNU and that you file a FAFSA by March 2.  Involvement scholarships (like athletics, music, speech and debate and etc.) are awarded by those departments, and each have their own timelines.  Don’t wait until after you’ve been admitted to pursue those, though—the sooner you get on their radar, the better!  See Financial Aid FAQ #5 for more info!
7.    When will I hear about my scholarships?
          +    Point Loma wants to be sure that your first financial aid letter is your most accurate, so we don’t estimate aid.  That means that we wait for all of your financial aid information to come in BEFORE you get your first letter!  If you’ve been admitted to PLNU, you can expect to hear from Student Financial Services in March!
8.    I am not going to get a CalGrant…should I still file a FAFSA?
          +    We don’t require the FAFSA, but recommend that EVERYONE files one!  PLNU has our own need-based aid that is awarded differently than federal or state aid.  That means that even if you don’t qualify for a CalGrant, you may still qualify for a PLNU Need Grant…but the only way you can receive that is by filing that FAFSA!  Also, students can’t get federal loans (the best kind—many of them don’t accrue any interest the entire time you’re in school!) without a FAFSA.  Be sure to file by March 2!
9.    Are your scholarships need-based?
          +    Many are!  But don’t forget to file that FAFSA—that’s how we award need-based aid!
10.    What are you GPA and test score requirements?
          +    Our merit scholarships have certain GPA and test score minimums, and you have to meet both to qualify.  Click here for more info!
11.    What is your FAFSA/SAT/AP/ACT code?
          +    FAFSA: 001262
          +    SAT and AP: 4605
          +    ACT: 0370