AFFORDING A REDLANDS EDUCATION - YOUR GUIDE TO FINANCIAL AID 2022-2023 - UNIVERSITY OF REDLANDS
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UNIVERSITY OF REDLANDS
AFFORDING
A REDLANDS
EDUCATION
YOUR GUIDE TO FINANCIAL AID
2022–2023
WELCOME YOUR
→ C
ongratulations on your decision to invest INSIDE
in a quality education at University of Important Dates → 4
Redlands! Student Financial Services (SFS) Financial Aid Journey Checklist → 5
Financial Aid Eligibility → 6
is here to assist you in reaching your goals
NEXT CHAPTER
Estimating Your Bill → 7
by providing financial aid opportunities Financial Aid Programs → 8
Grants → 8
and financing options to make a Redlands Scholarships → 8
education more affordable. Work Awards → 8
Loans → 9
Financial Aid Policies → 10
Frequently Asked Questions → 11
Resources → Back Cover
CONTACT SFS
www.redlands.edu/sfs
sfs@redlands.edu
909-748-8047
909-335-5399
Willis Center
1200 E. Colton Avenue
Redlands, CA 92373
SCHOLARSHIPS AND FINANCIAL AID
↓
$49,600 REDLANDS PROMISE $34,600 OVER OF UNIVERSITY OF REDLANDS UNDERGRADUATE STUDENTS
AVERAGE FINANCIAL AID
PACKAGE
AFFORDABLE AND ATTAINABLE
DEGREE IN FOUR YEARS
AVERAGE LOANS
BORROWED TO COMPLETE
UNDERGRADUATE STUDY
90% RECEIVED SOME FORM OF FINANCIAL ASSISTANCE
DURING THE 2021–2022 ACADEMIC YEAR
POSITIVE OUTCOMES GUARANTEED
↓
NEARLY 90% TOP 16% RANKED BY PRINCETON REVIEW TOP 4% 2020 COLLEGE OF DISTINCTION
DESIGNATED BY COLLEGES OF DISTINCTION,
OF RECENT GRADS WERE EMPLOYED BEST UNIVERSITIES, AS ONE OF THE AMONG REGIONAL BASED ON ENGAGED STUDENTS,
OR PURSING AN ADVANCED DEGREE BACHELOR'S DEGREE BEST 385 COLLEGES UNIVERSITIES IN THE WEST GREAT TEACHING, VIBRANT COMMUNITY,
ONE YEAR AFTER GRADUATION PAYSCALE.COM BY U.S.NEWS & WORLD REPORT AND SUCCESSFUL OUTCOMES
2 3
IMPORTANT DATES 2022
EARLY SUMMER AUGUST 8 FINANCIAL AID JOURNEY CHECKLIST
First-time borrowers will receive an email with Fall semester charges are due; late fees are
instructions to complete the Federal Direct assessed to past due balances FILL OUT FAFSA CLASSES START IN SEPTEMBER
Loan Master Promissory Note (MPN) and
Free Application for Federal Student Aid Must be enrolled in 12+ units
entrance counseling online. SEPTEMBER 6 and include our school code: 001322.
Fall semester begins Available October 1–March 2
S TUDENT ACCOUNT CREDITS REFUNDED
MAY 13
If you have a credit, a refund will be sent 1-2
All verification and missing information MID NOVEMBER SUBMIT MISSING INFORMATION weeks after classes start.
documents must be submitted to allow If applicable, you will be notified via email.
sufficient time for processing before billing due The University issues the first billing
e-statement for the spring semester
REAPPLY FOR FINANCIAL AID BY MARCH 2
date RECEIVE FINANCIAL AID OFFER LETTER For information on financial aid in subsequest
JUNE 17 DECEMBER 9 years, see page 11.
SUBMIT YOUR DEPOSIT BY MAY 1
Students must sign the Federal Direct Loan ll supplemental loans for spring semester
A
For questions concerning your student account,
Master Promissory Note (MPN) and complete must be applied for and approved by the lender
ACCEPT YOUR FINANCIAL AID financial aid, bills, fees, or other expenses, email
entrance counseling by this date for loan funds by this date in order to allow sufficient time for
Student Financial Services at sfs@redlands.edu
to show as a credit on the July e-statement. processing before billing due date Complete loan documents—instructions for
electronic process will be emailed in May.
EARLY JULY MID DECEMBER
BILLING FOR FALL 2022
T he University issues the first billing pring semester charges are due; late fees are
S
assessed to past due balances You will be notified via email early July.
e-statement for the fall semester
FALL 2022 BALANCE DUE
JULY 25 DATES AND REQUIREMENTS
August 8
All supplemental loans for fall semester must
ARE SUBJECT TO CHANGE
be applied for and approved by the lender by Please be sure to review all University
this date in order to allow sufficient time for correspondence sent to your Redlands email
processing before billing due date for additional requirements and deadlines.
Updated deadlines can be found at:
www.redlands.edu/sfs/importantdates
4 5
FINANCIAL AID
ELIGIBILITY ESTIMATING YOUR BILL
FALL SPRING
CHARGES SEMESTER SEMESTER
ANNUAL TOTAL
Tuition $27,664 $27,664 $55,328
Associated Students of the University of Redlands (ASUR) Fee $175 $175 $350
Room* $6,065 $6,065 $12,130
Board* $2,226 $2,226 $4,452
Matriculation Fee (first-time U of R students only) $150 $0 $150
Total Costs $36,280 $36,130 $72,410
AFFORDING A REDLANDS EDUCATION FINANCIAL AID
Student eligibility for various types of financial aid at the University of Redlands
is determined based on the following criteria: University Merit or Talent Awards $
→ Merit Based: Determined by a holistic review of the student’s admissions University Grant $
application. Some factors considered: Academic GPA, participation in
extracurricular activities or organizations, and test scores (if applicable). On Campus Grant $
No FAFSA required.
Cal Grant $
→ Need-Based: Determined by your family’s financial information;
requires submission of a FAFSA Federal Pell Grant $
Your eligibility for federal and university need-based aid is based on two factors: Federal Supplemental Educational Opportunity Grant (FSEOG) $
the Cost of Attendance (COA) and your Expected Family Contribution (EFC).
Outside Funding $
Redlands Loan $
Subsidized Federal Direct Loan** $
Unsubsidized Federal Direct Loan** $
Total Financial Aid $
Cost of Expected Family TOTAL BALANCE DUE Total Charges - Total Financial Aid = $
Attendance (COA) Contribution (EFC) Financial Need*
* Rate listed is an estimated cost for a double occupancy room and standard meal plan for fall, spring, and may terms.
Includes tuition, fees, Determined by Your EFC is Final prices for room and meal plan subject to change.
housing, meals, books and data submitted on subtracted from ** Multiply by .989 to account for fees.
supplies, transportation, the FAFSA the COA
and personal expenses
OTHER INDIRECT COSTS
*W hile you and your parents have the primary responsibility for paying for When planning your finances each year, you will want to account for additional
college, financial aid can help bridge the gap between the total cost and your indirect costs including books (approximately $825 – $1,000 per semester),
ability to pay out of pocket. University of Redlands endeavors to meet 100% health insurance (approximately $1,750 per year) and other miscellaneous
of financial need, however this is not possible in all cases. Outside funding personal costs. These costs are not included in the billing estimate because
sources are available to assist families with meeting all financial need. For more they vary per student.
information on outside funding sources, see “Outside Scholarships” on page 8.
6 7
9
FINANCIAL AID PROGRAMS
GRANTS point average. When you file a FAFSA
or Dream Application and a California
Theatre Awards are determined
by departmental review of the
WORK AWARDS Source: University of Redlands;
funding is limited.
Repayment: Repayment of Federal
Direct Student Loans begins six
University Grants are awarded GPA Verification form by March 2, University admission essay and The University of Redlands offers months after a student graduates,
Eligibility: Demonstrated financial
to qualified undergraduates who you are automatically considered theatre résumé. a robust work-study program. To withdraws, leaves school,
need, institutional awarding policy.
meet all filing deadlines. Awards are for a Cal Grant. CSAC makes all final participate, students must first or drops below half-time. To learn
*Please note that you must major Next Steps: Complete the online
based on financial need, academic Cal Grant decisions. Check your be awarded either a University about loan repayment options or to
in the departments listed above if entrance interview and e-sign the
standing, availability of funds, eligibility status online at http:// or Federal Work-Study Award as work out your federal loan monthly
selected for the scholarship. Master Promissory Note (MPN)
and/or academic achievement. mygrantinfo.csac.ca.gov. part of a financial aid package. In payment, go to www.studentaid.
University grants go toward addition to financial assistance, and Truth in Lending Act (TILA). ed.gov/repay-loans.
OUTSIDE SCHOLARSHIPS
tuition expenses only. University
grant eligibility is determined by
SCHOLARSHIPS Outside scholarships are available
the work-study program provides
students with practical skills and
Instructions will be sent to the
student’s University email address Source: U.S. Department of
University merit and talent from a number of benefactors in June. Education loan limits apply;
University policy and the student’s opportunities for personal and
scholarships are awarded to and are very helpful in assisting see www.redlands.edu/sfs/direct
financial need and is subject to career growth. While jobs are
incoming students based on students in paying for educational FEDERAL DIRECT STUDENT LOAN for more information.
change. See Reapplying for Financial not guaranteed, there are many
merit and/or talent. All entering expenses. Because scholarships Types: Eligibility: All Title IV-eligible
Aid on page 11 for additional opportunities on and off campus.
students are considered for merit are given by a variety of sponsors, (federal funding-eligible)
information. Students are permitted to work → S ubsidized: The federal
scholarships. Talent scholarships terms and conditions vary. undergraduate students.
On Campus Grants are awarded up to 10 hours per week and have government pays the interest
require submission of supplemental Students who are aware they will
to qualified undergraduates who an estimated Work Award limit on the loan until the student Next Steps: Federal regulations
materials via admissions portal. be receiving an outside scholarship
meet all filing deadlines. Awards of $4,400. Students with on- graduates (or is no longer require that first-time borrowers
Scholarships are available are responsible for communicating
are based on financial need and campus employment receive a enrolled in six or more units) and fill out the Federal Direct Loan
regardless of financial need. this information directly to Student
residential status. Students paycheck biweekly, and student during the grace period. Master Promissory Note (MPN)
Financial Services. For more
must live in University housing to employees working off campus are and complete entrance counseling
MERIT SCHOLARSHIPS information, visit www.redlands. → Unsubsidized: Interest is
qualify for the On Campus Grant. paid according to the employer’s to better understand the terms
Achievement Awards are granted edu/sfs/outsidescholarships charged from the time the loan
On Campus Grant eligibility is schedule. and conditions of the loan, as
by the Office of Admissions to is disbursed until it is paid in full.
determined by University policy and VETERANS BENEFITS well as the borrower’s rights and
the student’s financial need and is
incoming students who have
superior academic records and University of Redlands has been LOANS Interest Rate: Loan interest rates responsibilities. You can complete
subject to change. See Reapplying are determined by federal law and these requirements online at www.
who have demonstrated an designated by the Department
for Financial Aid on page 11 for REDLANDS LOAN are fixed for the life of the loan. redlands.edu/sfs/direct.
extraordinary degree of leadership of Veterans Affairs as one of the
additional information. Interest Rate: 5%, subsidized while Loans disbursed between July 1,
and accomplishment in school or qualified institutions that veterans
enrolled at Redlands. 2021 and June 30, 2022, have an ADDITIONAL LOAN OPTIONS
Federal Pell Grants are based on community activities. To renew the may attend and receive benefits.
interest rate of 3.73%. For more information on additional
financial need and are awarded award, students must maintain a The Office of Military and Veteran Fees: none.
Services at the University of Fees: Origination fees are financing options through
to undergraduate students who cumulative GPA of 3.0 at the end of Repayment: Begins six months after
Redlands can answer your questions determined by federal law. the Direct PLUS Loan and alternative
have not earned a bachelor’s their sophomore year. the student is no longer registered
and assist you in applying for your The origination fee is 1.057% for loan programs, see the enclosed
degree. When you file a FAFSA, you as an undergraduate student at
TALENT SCHOLARSHIPS military and veteran education loans disbursed between October 1, publication, “Paying Your Balance:
are automatically considered University of Redlands.
benefits. The determination of 2021 and September 30, 2022. Your Guide to Payment Options.”
for a Pell Grant. Art Awards are determined by
departmental review of sample eligibility for benefits is performed
Federal Supplemental Educational solely by the U.S. Department of
slides of student work.
Opportunity Grants (FSEOG) Veterans Affairs, and any questions
are awarded to Pell-eligible Creative Writing Awards are
determined by departmental review
regarding eligibility should be AFFORDABILITY AT-A-GLANCE
undergraduate students who directed to a local or regional office
demonstrate exceptional financial of student portfolios containing ↓
of the Department of Veterans
need. Funds in this program are various examples of short stories,
limited.
Cal Grants are funded by the State
essays, and literary journalism.
Music Awards are determined by
Affairs or by calling the National VA
Education Hotline, 888-442-4551.
The Office of Military and Veteran
74.1% 1.6%
of California and are administered departmental review based on Services can be contacted at 909- GRADUATION RATE LOAN DEFAULT RATE
by the California Student Aid auditions and the separate music 748-8478 or military@redlands.edu.
PERCENTAGE OF FIRST-TIME FULL-TIME STUDENTS PERCENTAGE OF REDLANDS BORROWERS
Commission (CSAC). Awards are application.
WHO GRADUATE WITHIN SIX YEARS ENTER REPAYMENT AND DEFAULT ON THEIR LOAN
based on financial need and grade
COMPARED TO THE NATIONAL AVERAGE OF 7.3%
8
11
FINANCIAL AID POLICIES
FREQUENTLY ASKED QUESTIONS
ENROLLMENT POLICY Your entire academic history is in certain cases, the information REAPPLYING FOR FINANCIAL AID
Students applying for financial aid considered when determining SAP listed on the FAFSA may not Students receiving a University O I HAVE TO REAPPLY FOR FINANCIAL AID EVERY YEAR?
D
are expected to be enrolled full-time status—not just semesters in which accurately represent your family’s grant or other federal and state
you receive financial aid. current financial circumstances. Yes! Student Financial Services depends on the timely completion of
(12 units or more) each semester financial assistance MUST reapply
your Free Application for Federal Student Aid (FAFSA) so that we may
during the academic year. Students Quantitative measure. As a full- Some examples of changes in for financial aid by completing
award you aid for each academic year. The deadline for receipt of the
enrolled less than full-time must time undergraduate student, you circumstance that may warrant a FAFSA each year by March 2.
FAFSA each year is March 2. You may complete your FAFSA online at
notify Student Financial Services. must complete a minimum of 12 a Special Circumstance Appeal are: Applications are available online
www.fafsa.gov beginning October 1.
Institutional aid is reserved for credits per semester after October 1 each year. It is
→ loss or change of job the student’s responsibility
full-time students only. Federal (24 credits per year). W ILL MY FINANCIAL AID AWARD CHANGE IN SUBSEQUENT YEARS?
→ reduction in work hours to reapply on time each year,
and state aid may be received by I f financial circumstances remain the same, students can expect a
Qualitative measure. You must → disability or illness listing the University of Redlands
students enrolled less than full-time similar level of grant assistance from the University. For additional
achieve a minimum 2.0 cumulative → legal separation or divorce school code (001322). Financial
but will be prorated according to → death of a family member information please review REAPPLYING FOR FINANCIAL AID above or at
GPA (or its equivalent for Johnston aid eligibility is reevaluated each
actual enrollment status. For more www.redlands.edu/sfs/policies.
students). Please note that merit Other circumstances, although year based on the family’s current
information on our enrollment policy
and talent scholarships carry higher affecting a family’s financial financial circumstances. If financial
please visit www.redlands.edu/sfs/ OW WILL MY FINANCIAL AID PACKAGE BE AFFECTED IF I LIVE/MOVE
H
GPA requirements (typically 3.0). To ability to contribute, cannot be used circumstances remain the same,
enrollment. OFF CAMPUS?
review the SAP policy in full, please to change eligibility. Some students can expect a similar
visit www.redlands.edu/sfs/SAP. of these are: level of grant assistance from the If you are awarded an On-Campus Grant in your financial aid package
WITHDRAWAL POLICY
University. The following factors, and you choose to move off campus, you will no longer qualify for
If you withdraw from the University VERIFICATION → E xcessive consumer/credit card that award.
of Redlands during a semester, debt however, can lead to a change in
Approximately 25% of students who eligibility and, subsequently, a
a review of your financial aid → C osts of private elementary/ HOW CAN I GET MONEY TO PAY FOR MY TEXTBOOKS?
complete a FAFSA are selected for change to the financial aid award
and charges will be completed. high school tuition T extbooks may be purchased via a number of retailers, and costs are
verification by the Department of package:
A calculation of “earned” versus not payable directly to the University. Most students who wish to pay
Education, which requires additional → P renuptial agreements stating
“unearned” federal aid must be → I f you submit applications or for textbooks with financial aid will apply for loans in excess of their
documentation to support the that a stepparent is not
determined, based on how much requested documents after the tuition and fees. Please keep in mind that refunds of credit balances
information entered on the FAFSA. responsible for a stepchild’s
time has elapsed in the term. published deadlines, sufficient are not available until the first week of each semester or as soon
If your FAFSA is selected, Student education. Federal regulations
If you receive federal, state, or funds may not be available to as we are in receipt of the funds. Students who need to purchase
Financial Services will let you do not recognize prenuptial
institutional financial aid, that consider you for University textbooks before that time will need to make separate arrangements
know what documents need to be agreements. If remarried,
aid may be reduced as a result of financial aid. until the credit is refunded to them.
submitted. Failure to complete information for both the
your withdrawal. To review our full → I f there is a change in
the required verification process parent and stepparent must be
withdraw policy for tuition and your family’s financial C AN YOU RELEASE MY STUDENT INFORMATION TO MY PARENTS?
will result in the postponement reported.
financial aid please visit www. circumstances, including ur office takes great care to safeguard your personal information
O
or cancellation of all nonmerit
redlands.edu/sfs/wdpolicy. → Parents’ refusal to contribute a change in the number of in accordance with the Family Educational Rights and Privacy Act
financial assistance. If verification
toward their child’s education. dependent siblings in college. (FERPA). We do not release protected personal information unless
SATISFACTORY ACADEMIC is not completed by the bill due
If the child has been determined specifically authorized to do so. All students who wish to have their
date, students must arrange → I f we discover information about
PROGRESS (SAP) POLICY to be dependent, the parental information accessible to parents or other designated persons
for alternative means to pay your circumstance that was not
Federal regulations require that contribution calculation should complete the Authorization for Release of Information form
for full semester charges until for all dependent students taken into account in previous
colleges and universities evaluate each year at www.redlands.edu/FERPA. Questions regarding this
the verification process can be measures parents’ ability, years.
satisfactory academic progress process should be directed to the Office of the Registrar at 909-748-
completed and eligibility has been not their willingness, to → I f there is a change in federal or
(SAP) at least once annually to 8019.
determined. For more information, contribute toward the student’s state law or in University policy.
determine your eligibility to receive please visit www.redlands.edu/
financial assistance. SAP standards educational expenses. → I f you fail to continue to I HAVE A CREDIT ON MY STUDENT ACCOUNT. WHEN WILL I RECEIVE
SFS/verification. THE FUNDS?
are defined using both quantitative To complete a Special Circumstances meet all general eligibility
and qualitative measures as well as SPECIAL CIRCUMSTANCES Appeal, access the form at www. requirements. I f the amount of your financial aid exceeds the amount of your
a maximum time frame. redlands.edu/sfs/sfsforms. tuition and fees, you will have a credit on your account. This credit
Your financial aid award is based
will be mailed to your campus mailbox or preferred mailing address
Evaluation periods. Student on the information provided by you Requests are reviewed by a financial
within 14 days of the disbursement of your federal financial aid
Financial Services monitors SAP and/or your parents at the time the aid committee, who may adjust your
funds. If the credit is due to a Direct PLUS Loan, the check will be
twice a year (after each term). FAFSA was filed. We are aware that, eligibility for aid.
sent to the person indicated on the PLUS application (student or
borrower). If the student holds a U.S. savings or checking account,
direct deposit may be set up through my.redlands.edu.
10
RESOURCES
UNIVERSITY OF REDLANDS STATE AND FEDERAL
STUDENT FINANCIAL SERVICES FAFSA ON THE WEB
909-748-8047 800-4-FEDAID | www.fafsa.gov
For questions concerning your student account, financial Submit your Free Application for Federal Student Aid online.
aid, monthly bills, fees, or other expenses.
CALIFORNIA STUDENT AID COMMISSION (CSAC)
OFFICE OF ADMISSIONS 888-CA-GRANT | https://mygrantinfo.csac.ca.gov
909-748-8074 Organization providing information and oversight for the
For questions concerning your admissions application. Cal Grant Program. CSAC customer service for students.
STUDENT EMPLOYMENT FEDERAL STUDENT AID: STUDENT LOAN OMBUDSMAN
909-748-8240 877-557-2575 | www.studentaid.gov
For questions regarding on- and off-campus employment. The ombudsman helps resolve student disputes and solve
other problems with the federal student loans program.
OFFICE OF THE REGISTRAR
909-748-8019 NATIONAL STUDENT LOAN DATA SYSTEM (NSLDS)
For questions from returning students concerning your 800-4-FEDAID | http://studentaid.gov
class schedule, add/drop issues, or transfer credits. Review the history of all of your federal student loans.
You’ll need the FSA ID/password from filling out the FAFSA.
STUDENT AFFAIRS
909-748-8053 U.S. DEPARTMENT OF EDUCATION
For questions concerning residence halls, meal plans www.ed.gov
or moving off campus, or to request a withdrawal or Comprehensive information regarding federal student aid
leave of absence. programs and other educational materials.
↓
CONNECT WITH STUDENT FINANCIAL SERVICES. Built on more than 100 years
of distinction, Redlands
909-748-8047
provides a strong liberal arts
www.redlands.edu/sfs foundation and combination
1200 E. Colton Avenue, Redlands, CA 92373 of resources for you to carve
out a successful path that's
entirely your own.
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