The Sofia University Financial Aid Office is here to assist with students' education by helping to apply for Federal Direct Stafford loans, Sofia University and outside scholarships. We want to make this process as easy as possible so you can concentrate on your studies.
There is also much useful information on the internet. Some sites you may want to explore are:
Student Aid on the Web U.S. Department of Education's page on Student Aid
Free Application for Federal Student Aid (FAFSA) A form required for all Federal aid
Great Lakes Financial Aid Help
FinAid.org Financial Aid Guide
FastWeb Financial Aid Search
Financial aid is available to all eligible students. There are several financial aid sources available to qualified students:
To apply for Title IV Aid Online:
When you apply for admission
Complete the FAFSA* on the Department of Education web site.
If additional living expenses are needed, please apply online through GradPlus (it is advised that you consult with Financial Aid for the loan amount prior to application).
Tools to find best student loan replayment plan
*All outside links will launch a new browser window.
Not all students will qualify for all aid programs.
Title IV Loans
The University participates in the Federal Student Financial Aid Program (Title IV) Stafford Loan Program. Aid received through this program is a loan that must be repaid with interest at the time of withdrawal or graduation from school.
The first step in applying for virtually every form of financial aid available at Sofia University is to complete the Free Application for Federal Student Financial Aid (FAFSA). Sofia University's identification number is G22676.
It is highly recommended that you complete the FAFSA online through the U.S. Department of Education web site.
To complete the FAFSA, you will need:
- your previous year's tax return (or W-2 forms if you are not required to file a return);
- W-2 forms and other records of money earned in the previous year;
- Records of untaxed income such as welfare, social security, AFDC or ADC, or veterans benefits;
- Current bank statements;
- Current mortgage information;
- Business and farm records;
- Records of stocks, bonds, and other investments;
- Driver's license and social security card.
A paper version of the application is also available; however, the online version includes a checking system which catches common errors. The turnaround time for the electronic version is also significantly faster.
Upon completing the FAFSA, a Student Aid Report (SAR) will be generated for you. Sofia University will draw down an electronic version of the SAR which will contain a figure called the EFC (Expected Family Contribution). This figure will be used to determine your eligibility for most forms of aid.
Direct Stafford Loans, from the William D. Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for eligible students to help cover the cost of education and the primary source of financial assistance available to Sofia students. The program was created by an act of Congress and is regulated by the U.S. Department of Education. It is open to all U.S. Citizens and Permanent Residents enrolled at least half time in the Residential or Global Programs.
Direct Unsubsidized Loans - you are not required to demonstrate financial need to receive a Direct Unsubsidized Loan. Interest accrues (accumulates) on an unsubsidized loan from the time it's first paid out. You can pay the interest while you are in school and during grace periods and deferment or forbearance periods, or you can allow it to accrue and be capitalized (that is, added to the principal amount of your loan). If you choose not to pay the interest as it accrues, this will increase the total amount you have to repay because you will be charged interest on a higher principal amount.
Additional loan types provided under the Direct Loan Program include Direct PLUS Loans (for parents and graduate and professional degree students) and Direct Consolidation Loans (to combine federal education loan debts into a single loan).
Note: Before July 1, 2010, Stafford, PLUS, and Consolidation Loans were also made by private lenders under the Federal Family Education Loan (FFELSM) Program. As a result of the Health Care and Education Reconciliation Act of 2010, no further loans will be made under the FFEL Program as of July 1, 2010. All new Stafford, PLUS, and Consolidation Loans come directly from the Department under the Direct Loan Program.
Applying for a Direct Stafford Loan takes approximately two months. Students should apply for financial aid at the earliest opportunity. Applications for financial aid may begin prior to acceptance to an Institute program.
Global students should submit the FAFSA and the Institute application at least two months prior to their expected start date. Residential students should submit all application materials no later than August 15th to receive funds by the start of the fall quarter. Applications received after the 15th will be processed as time permits; however, funds may not be available until after tuition is due.
Annual Loan Limits
Graduate students are eligible to borrow up to $20,500 through the Direct Stafford Loan program per year.
Deferral of Prior Student Loans
If you currently have outstanding student loans, consult your loan servicer to determine if you may defer payment while you are in school. Student enrollment status is reported regularly to the National Student Loan Database. Loan servicers collect information from this database; however, some require that you specifically request deferment. For more information and forms, read our Deferment and Forbearance section of the FAQ.
If you would like more information about the Direct Stafford program, you may request The Student Guide to Financial Aid from the Financial Aid Office or directly from the Department of Education web site, or call them at (800) 433-3243.
If you have served in the US armed forces at any time during your life, you may be eligible to receive education benefits.
Eligible veterans and eligible persons may receive benefits for work in degree programs:
- Doctor of Philosophy in Transpersonal Psychology
- Doctor of Philosophy in Clinical Psychology
- Doctor of Philosophy in Psychology with a concentration in Transpersonal Psychology
- Doctor of Psychology
- Master of Arts in Transpersonal Psychology
- Master of Arts in Counseling Psychology
- Master of Transpersonal Psychology
- Master of Arts in Transpersonal Studies
- Master of Arts in Women's Spirituality
- Master of Arts in Spiritual Guidance
Your eligibility will vary according to your period of enlistment, length of service and program in which you enroll. Students in both the Global and the Residential degree programs are eligible to receive VA benefits.
For more details about Veteran's Benefits, visit the Department of Veteran's Affairs web site or contact their Information Hotline at (800) 827-1000.
Sofia University has been determined to be an eligible institution of higher learning for government sponsored financial aid in all Canadian Provinces and Territories.
Eligible Canadian students should contact the Ministry of Education in their home Province for details concerning application procedures.
Where available, the provincial Ministry of Education link appears below.
Prince Edward Island
While the federal government is the primary source of educational funding in the US, a multitude of other resources exist. Some other areas to investigate for school funding include the following: religious, social and professional organizations. If you are a member of a religious organization (church, synagogue, mosque, etc.), a community organization (Rotary Club, Elks, Moose, etc.) or you have been a member of a professional organization, ask if they offer any student assistance programs and, if so, what are the award criteria.
Some companies offer tuition reimbursement for employees. Consult your Human Resources or Benefits Office to see what programs might be available to you.
Sofia University maintains a portfolio of alternate lending programs. These programs are offered through private lenders to students. Generally, the terms of these loans are not as favorable as the Direct Stafford Loan programs. Sofia University portfolio strives to maintain a diverse collection of the most favorable alternate sources for financial assistance. Consult the Sofia University Financial Aid Office for information about the availability of alternate lenders. Participation in an alternate loan program requires additional financial counseling. Alternate loan applications will not be processed without this debt counseling.
International students may apply for financial aid. For more information, please contact (650) 493-4430 or by email. There are other considerations, such as transcript evaluation, income, and the Test of English as a Foreign Language. Please click here to view a rundown of those requirements.
World Wide Web
While federal Title IV financial aid accounts for most student assistance, there are a wide variety of sources for students seeking financial aid. At times, the prospect of the search may seem overwhelming. The best place to begin is with a focused search emphasizing your own individual identity and experiences.
Effective July 1, 2008 a new repayment option is available to federal student loan borrowers. Income Based Repayment (IBR) will help borrowers keep their loan repayment payments manageable and affordable. The IBR repayment program caps loan payments at 15% of your adjusted annual gross income. Any remaining balance after 25 years of IBR is forgiven.
For additional information, please contact the Department of Education, your student loan lender or go to IBRinfo.org.
For a summary of the program details and qualifications you may also review this PDF document (PDF format, 69 kb).
Scholarship Search Services
Sofia University recommends against using any scholarship search service which charges a fee. It is our experience that these services generally do not provide any information which was not accessible to the student using other free sources.
Direct Stafford Loan Entrance Counseling
Students who borrow under the Federal Family Education Loan Program for the first time at Sofia University are required to complete counseling before their loan proceeds can be released.
You may complete your counseling requirements by clicking on the links below. If you have any questions as you complete the counseling requirements, you may contact the financial aid office at 650-493-4430 extension 241. Click below to enter your counseling session.
For Entrance Counseling: Entrance Counseling
For Exit Counseling: Exit Counseling