Financing Your Education

Sofia University's financial aid office is here to help you get the financial assistance you need throughout your time here at the university. This may come in the form of scholarships, student loans, or other federal assistance. We strive to make this process as easy as possible for you. See the side menu for scholarships, undergraduate students, graduate students, or repayment to see more information about the financial aid that is available to you. Click here to access a list of financial aid forms. Financial aid is available to all eligible students. However, not all students will qualify for all aid programs. Here are some special situations:

Are you a veteran? We support "Forever GI Bill"!

We support "Forever GI Bill"! If you served in the U.S. armed forces at any time, you may be eligible to receive education benefits. Your eligibility will vary according to your period of enlistment, length of service and program in which you enroll. Students in all our degree programs are eligible to receive VA benefits. For information on veteran’s benefits, visit the Department of Veteran's Affairs website or call their information hotline at (800) 827-1000.

Are you a Canadian? Eligible for Canadian Government FA.

Sofia University is 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 application procedures.

Are you from outside of USA or Canada?

International students may not apply for U.S. financial aid. For more information, please contact our financial aid office. There are other considerations, such as transcript evaluation, income, and the Test of English as a Foreign Language (TOEFL). Please refer to International Student Application Requirements.

Please explore the How to Apply, Undergraduate, Graduate, Scholarships, or Repayment pages of our website for additional information, or contact us at:

Financial Aid
financial_aid@sofia.edu
650-493-4430 Ext. 10904

Tuition Calculator

The Tuition Cost Calculator provides an estimate of the tuition and fees for undergraduate, graduate, or professional studies. Use the link below to calculate to see how much college will cost by the time you enroll.

Directions:

Enter estimated amounts in all of the fields that apply to you. Round up to the nearest dollar and don't use commas.

Financial Planning Resources

Financial planning helps you to determine your resources and expenses to estimate your budget. Click below to get started

Scholarships

For over 40 years the experiences and education we have offered our students have transformed them and thereby countless clients and others with whom they live and work. Sofia University is pleased to offer scholarships to support entering and continuing students who can demonstrate financial need, will contribute meaningfully to the diversity of the transpersonal community, and possess high potential to thrive within the Sofia community. Scholarships can be combined with financial aid, depending upon eligibility. Since July 1st, 2014, we have given the following amount of scholarships:

  • Through the Sofia University Fund: $170, 158.00
  • Through the ITP Foundation Restricted Fund: $21,000.00

We currently offer the scholarships listed below.

Moving Humanity Forward Scholarship

We believe that every student who enrolls at Sofia University has the ability to be a ripple in the wave of humanity’s evolution. This scholarship asks you to consider your own personal contribution to this amazing effort. Whether you see yourself as a ripple within your own personal home community, within a larger organization, or as an international change maker, we would like to know how you envision your education at Sofia University will help you move humanity forward.

The Moving Humanity Forward Scholarship is for students new to the University who have never attended before.

Award amount: $2000 for the first (4) quarters of enrollment which will be a $500 credit for each quarter.

Application Due Dates :

  • Winter 2019 – November 1, 2018
  • Spring 2019 – February 1, 2019

Winner Notifications :

  • Winter 2019 – December 1, 2018
  • Spring 2019 – March 1, 2019

Eligibility: Applicants must be new students who have never attended Sofia University or ITP in the past, enrolling in a Bachelor’s, Master’s or Doctoral program. Domestic and international students may apply.

Scholarship Details

This scholarship has no cash value which means that it cannot be refunded or exchanged for cash. In addition, this scholarship cannot be transferred to another school or be used by another student. Only the scholarship recipient can use the tuition credit which is applied to the student's 1st four quarters of study at the University. Sofia University retains the right to terminate this offer at any time for any reason.

Winner Responsibilities and Obligations

Winning essays are the property of the university and some content may be featured in university advertising such as website features, blogs, social media outlets, etc. for promotional purposes. Winners may be asked to represent the school as ambassadors for the university in their first year, sharing their experiences with prospective students by phone or email, or through attendance at Sofia sponsored events. Suggested hours for giving back each quarter will be no less than 5 and no more than 10 hours.

Application Instructions:

How to Apply for Financial Aid at Sofia University

Steps

  1. Complete the Free Application for Federal Student Aid (FAFSA) form at www.fafsa.ed.gov. Our school code is G22676.
  2. Fill out the Sofia University Financial Aid Institutional Form.
  3. The financial aid application will be processed within four to six weeks after receipt of the form.
  4. Complete the Entrance Interview and Master Promissory Note (MPN) at www.studentloans.gov.

For students who wish to apply for a Federal Graduate PLUS loan, go to www.studentloans.gov to apply and to complete an MPN.

Apply for a PIN online

You can apply for a PIN online at www.pin.ed.gov. A PIN is (almost always) a four-digit number that is used in combination with your social security number, name, and date of birth to identify you as someone who has the right to access your own personal information on Federal Student Aid websites such as the Free Application for Federal Student Aid (FAFSA) site. If you are a parent of a dependent student, you will need your own PIN if you want to sign your child’s FAFSA electronically. If you have more than one child attending college, you can use the same PIN to sign all of their applications.

*Your PIN is used to sign legally binding documents electronically. It has the same legal status as a written signature. Don’t give your PIN to anyone—not even to someone helping you fill out the FAFSA. Sharing your PIN could put you at risk of identity theft!

You’ll get a password

When you fill out your FAFSA, you’ll create a password. The password is not the same as your PIN; you’ll use the password only if you start your FAFSA, save it without finishing it, log out, and then want to log back in again later to finish it.

What’s next?

When the processed FAFSA is received, you will be required to complete the Financial Aid Institutional Form. When the form is received, your file will be reviewed. You must complete an Entrance Interview and Master Promissory Note at www.studentloans.gov.

You will receive your financial aid award letter via email. After you have completed the initial part of the financial aid application process, your funds will be scheduled to come to school. Your loan funds will be applied towards your tuition and fee.

*If you have any excess funds, a refund check will be created and sent to you. If you have any questions regarding your refund amount, contact the accounting office at sofia_accounting@sofia.edu or by phone at (650) 493-4430, ext. 10372.

Contact the financial aid office if you have questions at (650) 493-4430, ext. 10904 or by email at financial_aid@sofia.edu.

Undergraduate Students

There are a variety of scholarships, grants and loans available for our undergraduate students here at Sofia University.

Grants

Federal Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor's or a professional degree.

The maximum Federal Pell Grant award is $6,095 for the 2018–19 award year (July 1, 2018 to June 30, 2019). The amount you get, though, will depend on the following criteria:

  • your financial need,
  • your cost of attendance,
  • your status as a full- or part-time student, and
  • your plans to attend school for a full academic year or less.

You may not receive Federal Pell Grant funds from more than one school at a time. If you’re eligible for a Federal Pell Grant, you’ll receive the full amount you qualify for—each school participating in the program receives enough funds each year from the U.S. Department of Education to pay the Federal Pell Grant amounts for all its eligible students. The amount of any other student aid for which you might qualify does not affect the amount of your Federal Pell Grant.

Loans

Federal Direct Subsidized and Unsubsidized Loans

Federal Direct Subsidized and Unsubsidized loans are federal student loans which are available to eligible students to help cover the cost of higher education at Sofia University. These loans are provided by the U.S. Department of Education.

Federal Direct Subsidized Loans:

  • Direct Subsidized Loans are available to undergraduate students with financial need.
  • Sofia University’s financial aid office determines the amount you can borrow, and the amount may not exceed your financial need.
  • For a subsidized loan, the U.S. Department of Education pays for the interest
    • while you’re in school at least half-time
    • for the first six months after you leave school (referred to as a grace period*)
    • during a period of deferment (a postponement of loan payments)

*Note: If you receive a Direct Subsidized Loan that is first disbursed between July 1, 2018, and July 1, 2019, you will be responsible for paying any interest that accrues during your grace period. The interest rate for loans first disbursed in this period is 5.05%. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.

Federal Direct Unsubsidized Loans

  • Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need.
  • Sofia University determines the amount you can borrow by considering the cost of attendance and other financial aid you receive.
  • For an unsubsidized loan, you are responsible for paying the interest during all periods.
  • If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).
  • The current interest rate for direct unsubsidized loans first disbursed between July 1, 2018, and June 30, 2019 is at 5.05% for undergraduates and 6.6% for graduates.
The following chart provides maximum annual and total loan limits for subsidized and unsubsidized loans.
Year Dependent Students (except students whose parents are unable to obtain PLUS Loans) Independent Students (and dependent undergraduate students whose parents are unable to obtain PLUS Loans)
First-Year Undergraduate Annual Loan Limit $5,500 - No more than $3,500 of this amount may be subsidized in loans $9,500 - No more than $3,500 of this amount may be ini subsidized loans.
Second-Year Undergraduate Annual Loan Limit $6,500 - No more than $4,500 of this amount may be in subsidized loans. $10,500 - No more than $4,500 of this amount may be in subsidized loan.
Third-Year $7,500 - No more than $5,500 of this amount may be in subsidized loans. $12,500 - No more than $5,500 of this amount may be in subsidized loans.
Graduate or Professional Students Annual Loan Limit Not applicable (all graduate and professional students are considered independent). $20,500 (unsubsidized only).
Subsidized and Unsubsidized Aggregate Loan Limit $31,500 - No more than $23,000 of this amount may be in subsidized loans. $57,500 for undergraduates - No more than $23,000 of this amount may be in subsidized loans.

$138,500 for graduate or professional students - No more than $65,000 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.
Loan Fees for Direct Subsidized Loans and Direct Unsubsidized Loans Loan Fee
On or after Oct. 1, 2017, and before Oct. 1, 2018 1.066%
On or after Oct. 1, 2018, and before Oct. 1, 2019 1.062%
Loans first disbursed prior to Oct. 1, 2017 have different loan fees.

Federal Direct PLUS Loan

Federal Direct PLUS loans are federal loans that graduate or professional degree students and parents of dependent undergraduate students can use to help pay education expenses at Sofia University.

A credit check will be performed during the application process. If you have an adverse credit history, you may still receive a Direct PLUS Loan by obtaining an endorser who does not have an adverse credit history or documenting to the U.S. Department of Education’s satisfaction extenuating circumstances relating to your adverse credit history. If you are a parent borrower, the endorser cannot be the child on whose behalf you are borrowing.

If a parent borrower is unable to secure a PLUS loan, the undergraduate dependent student may be eligible for additional unsubsidized loans to help pay for his or her education. The dependent student should contact Sofia University’s financial aid office for more information.

Here’s a quick overview of Direct PLUS Loans:

  • The U.S. Department of Education is the lender.
  • The borrower must not have an adverse credit history.
  • For Direct Plus Loans first disbursed on or after July 1, 2018, and before July 1, 2019, the interest rate is 7.6%..
  • The maximum loan amount is the student’s cost of attendance (determined by Sofia University) minus any other financial aid received.
  • The current loan origination fees are as follows:
    - On or after Oct. 1, 2017 and before Oct. 1, 2018 is 4.264%
    - On or after Oct. 1 2018 and before Oct. 1, 2019 is 4.248%.
    - Loans first disbursed prior to Oct. 1, 2017, have different loan fees.
Work Study

Federal Work-Study Program

The Federal Work-Study Program provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay for their education expenses. This program is a need-based federally funded financial aid program offered to eligible U.S. citizens and permanent residents of the U.S.

Federal Work-Study Program award students can reasonably expect to earn $5,000 to $10,000 per year through work study funding and the FWS hourly wage range during the 2013-2014 academic year is $8 to $15. Students must have applied for financial aid and have been awarded FWS funds as part of their financial aid award package to be eligible for a FWS position. FWS employers pay a percentage of a student's wages; the federal government pays the remainder.

There are numerous opportunities for FWS positions both at the university and off campus. Students frequently work in jobs connected with their research or career goals – and will seek those positions once they’ve arrived on campus. The Federal Work-Study Program award funds on a first come, first served basis.

Students may work no more than two jobs, provided their total earnings through work study do not exceed the amount of their total FWS award. The award amount acts as the maximum gross amount the student may earn at their particular position. Students are required to monitor their earnings to be sure they do not exceed their ceilings.

For information related to the Federal Work-Study Program, visit the U.S. Department of Education website.

Alternate Resources

There are a variety of other resources available for financial aid which includes the possibility of seeking assistance from community organizations and employers as well as loans from private lenders.

Religious, Social and Professional Organizations

Many religious organizations (church, synagogue, mosque, etc.), community organizations (Rotary Club, Elks, Moose, etc.) and professional organizations often provide student assistance programs in the forms of grants or scholarships. If you are a member of a group or organization, ask if they offer any student assistance programs and, if so, ask them what the award criteria are.

Employer

Some companies offer tuition reimbursement for their employees. Consult your Human Resources or Benefits Office to see what programs might be available to you.

Alternate Loans

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. Contact 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.

Graduate Students

Loans

You may be offered loans as part of your financial aid offer. A loan is money you borrow and must pay back with interest.The U.S. Department of Education offers two types of federal student loan programs however here at Sofia University, we only offer the Federal Direct Loan Program. The federal direct program is the largest federal student loan program and under this program, the U.S. Department of Education is your lender.

Federal Direct Unsubsidized Loans

Students can borrow up to $20,500 each year in direct unsubsidized loans.

The maximum total debt from subsidized and unsubsidized loans is $138,500 for graduate or professional students— no more than $65,500 of this amount may be in subsidized loans. The graduate debt limit includes all federal loans received for undergraduate study. The current interest rates for loans first disbursed between July 1, 2014, and June 30, 2015 is 6.21%.

Direct unsubsidized loans:

  • Available to undergraduate and graduate students
  • No requirement to demonstrate financial need
  • Your school determines the amount you can borrow by considering the cost of attendance and other financial aid you receive.

Unsubsidized loans:

  • You are responsible for paying the interest during all periods.
  • If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).
  • The remainder of your college costs not covered by other financial aid in Direct PLUS Loans. Note: A credit check is required for a PLUS loan.

*PhD dissertation students can only have financial aid for their normal 18 units (6 quarters), the extra 4 units(4 quarters) offered by DCE cannot applied for financial aid. See detailed explaination in FAQ section.

*Remember, you can borrow less than your school offers you. You should only borrow what you need.

Federal Direct Graduate PLUS Loans

Federal Direct Graduate PLUS loans are federal loans that graduate or professional degree students and parents of dependent undergraduate students can use to help pay education expenses. The U.S. Department of Education provides the loans only to borrowers through schools participating in the Direct Loan Program.

Overview of Direct PLUS Loans:

  • The U.S. Department of Education is the lender.
  • The borrower must not have an adverse credit history.
  • Loans have a fixed interest rate of 7.21%.
  • The maximum loan amount is the student’s cost of attendance (determined by the school) minus any other financial aid received.

*PhD dissertation students can only have financial aid for their normal 18 units (6 quarters), the extra 4 units(4 quarters) offered by DCE cannot applied for financial aid. See detailed explaination in FAQ section.

Origination fees
Most federal student loans have loan fees that are deducted proportionately from each loan disbursement you receive. This means the money you receive will be less than the amount you actually borrow. You're responsible for repaying the entire amount you borrowed and not just the amount you received. Current loan fees for federal student loans: 1.072% for Direct Subsidized Loans and Direct Unsubsidized Loans; 4.288% for Direct PLUS Loans.

Work Study

Federal Work-Study Program

The Federal Work-Study Program provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay for their education expenses. This program is a need-based federally funded financial aid program offered to eligible U.S. citizens and permanent residents of the U.S.

Federal Work-Study Program award students can reasonably expect to earn $5,000 to $10,000 per year through work-study funding and the FWS hourly wage range during the 2018-2019 academic year is $8 to $15. Students must have applied for financial aid and have been awarded FWS funds as part of their financial aid award package to be eligible for a FWS position. FWS employers pay a percentage of a student's wages; the federal government pays the remainder.

There are numerous opportunities for FWS positions both at the university and off campus. Students frequently work in jobs connected with their research or career goals – and will seek those positions once they’ve arrived on campus. The Federal Work-Study Program award funds on a first come, first served basis.

Students may work no more than two jobs, provided their total earnings through work study do not exceed the amount of their total FWS award. The award amount acts as the maximum gross amount the student may earn at their particular position. Students are required to monitor their earnings to be sure they do not exceed their ceilings.

For information related to the Federal Work-Study Program, visit the U.S. Department of Education website.

Alternate Resources

There are a variety of other resources available for financial aid which includes the possibility of seeking assistance from community organizations and employers as well as loans from private lenders.

Religious, Social and Professional Organizations

Many religious organizations (church, synagogue, mosque, etc.), community organizations (Rotary Club, Elks, Moose, etc.) and professional organizations often provide student assistance programs in the forms of grants or scholarships. If you are a member of a group or organization, ask if they offer any student assistance programs and, if so, ask them what the award criteria are.

Employer

Some companies offer tuition reimbursement for their employees. Consult your Human Resources or Benefits Office to see what programs might be available to you.

Alternate Loans

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. Contact 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.

Questions? Contact the financial aid office at financial_aid@sofia.edu or by calling (650) 493-4430, ext. 712.

Repayment

When it comes to repaying your federal student loan, understanding the details of repayment can save you time and money. Find out when repayment starts, how to make your payment, repayment plan options, and more. Click the links below to see repayment plan options:

Consolidate Your Loans If you have multiple federal student loans, you can consolidate them into a single Direct Consolidation Loan. This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make. There may be tradeoffs, however, so you'll want to learn about the advantages and possible disadvantages of consolidation before you consolidate.

Financial Aid Forms

 

Financial Aid FAQ

How can I apply for a Direct Graduate PLUS (GRAD PLUS) Loan and complete a Master Promissory Note (MPN)?

*You must follow both steps!

STEP 1 - Log into https://studentloans.gov Sign in and click on “Request a PLUS loan”, select the type of loan “Graduate PLUS Loan” and follow the instructions.

STEP 2 - Log into https://studentloans.gov Sign in and click on “Complete Master Promissory Note”, select the type of loan “Graduate Plus Loan” and follow the instructions Note: GRAD PLUS LOAN approval is based on credit history.

Can I still receive a Direct PLUS Loan if I have an adverse credit history?

A credit check will be performed during the application process. If you have an adverse credit history, you may still receive a Direct PLUS Loan by obtaining an endorser who does not have an adverse credit history or documenting to the U.S. Department of Education’s satisfaction extenuating circumstances relating to your adverse credit history.

Why should I take out federal student loans?

Federal student loans are an investment in your future. You should not be afraid to take out federal student loans, but you should be smart about it.

Federal student loans offer many benefits including:

The interest rate on federal student loans is almost always lower than that on private loans—and much lower than that on a credit card.

  • You don’t need a credit check or a cosigner to get most federal student loans.
  • You don’t have to begin repaying your federal student loans until after you leave college or drop below half-time.
  • Federal student loans offer flexible repayment plans and options to postpone your loan payments if you’re having trouble making payments.
  • If you work in certain jobs, you may be eligible to have a portion of your federal student loans forgiven if you meet certain conditions.
What should I consider when taking out federal student loans?
  • Before you take out a loan, it’s important to understand that a loan is a legal obligation that you will be responsible for repaying with interest. You may not have to begin repaying your federal student loans right away, but you don’t have to wait to understand your responsibilities as a borrower. Be a responsible borrower.
  • Keep track of how much you’re borrowing. Think about how the amount of your loans will affect your future finances, and how much you can afford to repay. Your student loan payments should be only a small percentage of your salary after you graduate, so it’s important not to borrow more than you need for your school-related expenses.
  • Understand the terms of your loan and keep copies of your loan documents. When you sign your promissory note, you are agreeing to repay the loan according to the terms of the note even if you don’t complete your education, can’t get a job after you complete the program, or you didn’t like the education you received.
  • Make payments on time. You are required to make payments on time even if you don’t receive a bill, repayment notice, or a reminder. You must pay the full amount required by your repayment plan, as partial payments do not fulfill your obligation to repay your student loan on time.
  • Keep in touch with your loan servicer. Notify your loan servicer when you graduate; withdraw from school; drop below half-time status; transfer to another school; or change your name, address, or social security number. You also should contact your servicer if you’re having trouble making your scheduled loan payments. Your servicer has several options available to help you keep your loan in good standing.
When do I begin repaying my federal student loan?

You don’t have to begin repaying most federal student loans until after you leave college or drop below half-time enrollment. However, PLUS loans enter repayment once your loan is fully disbursed (paid out).

Your loan servicer or lender must provide you with a loan repayment schedule that states when your first payment is due, the number and frequency of payments, and the amount of each payment. Keep in mind that your loan may have a grace period.

What’s a grace period?

The grace period is a set period of time after you graduate, leave school, or drop below half-time enrollment before you must begin repayment on your loan. The grace period gives you time to get financially settled and to select your repayment plan. Not all federal student loans have a grace period. Note that for most loans, interest will accrue during your grace period.

  • Direct Subsidized Loans, Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, and Unsubsidized Federal Stafford Loans have a six-month grace period before payments are due.
  • deferment Contact your loan servicer for more information.
  • check with the school where you received your loan.
How much will I need to pay?

Your bill will tell you how much to pay. Your payment (usually made monthly) depends on

:
  • the type of loan you received,
  • how much money you borrowed,
  • the interest rate on your loan, and
  • the repayment plan you choose.
How do I make my payments?

The U.S. Department of Education uses several loan servicers to handle the billing and other services on loans for the William D. Ford Federal Direct Loan Program and for loans that were made under the Federal Family Education Loan (FFEL) Program and that the department of education later purchased. You’ll tell your loan servicer which repayment plan you’d like to choose.

Can I pay more than my required monthly payment?

You can make payments before they are due or pay more than the amount due each month. Contact your loan servicer to make sure the money is applied to your principal balance. Interest is charged on this amount. Paying a little extra each month can reduce the interest you pay and reduce your total cost of your loan over time.

Financial Aid for PhD dissertation students

Dissertation Completion Enrollment (DCE)

Enrolled Ph.D. students have a maximum of 6 quarters (18 units) to complete their dissertation work.

  • The normal completion time is expected to be within 6 quarters or 1.5 years of dissertation work. Students who have not completed their dissertation within the normal time period (6 quarters or 18 units) have the opportunity to be enrolled for up to four additional quarters (4-units total) in Dissertation Continuation Enrollment (DCE) status
  • During these additional quarters, the student enrolls in 1-unit of continuation work per quarter, up to 4 quarters. DCE status ends:
    • When a student completes their dissertation;
    • When a student chooses not to reenroll in the continuation class;
    • When the four-quarter limit of DCE eligibility has expired;
    • When a student does not maintain continuous enrollment or does not make degree progress.

DCE status was instituted to help students finish the Ph.D. by allowing them to remain in an enrolled status while they finish their degree requirements. To qualify for DCE status, students must have made satisfactory academic progress on their dissertation. Financial Aid is only available for the normal dissertation completion time (6 quarters) and is not available to students who enter into DCE status.