Home | Sitemap | Search
General Information

 

          General Information 

          Tuition and Fees  

          Scholarship Information  

          Frequently Asked Questions  

          Links  

 

 

GENERAL INFORMATION

Phillips Graduate Institute offers financial assistance to eligible students through federal and private (alternative loan sources) programs. All financial assistance is coordinated through the Office of Financial Aid.

To download a PDF version of our Financial Aid Brochure, click here.

Financial Aid Eligibility
To be eligible for federal financial aid, a student must:

  • Be a U.S. citizen, permanent resident or eligible non-citizen and have a valid Id and Social Security card.
  • Be officially accepted for admission to Phillips Graduate Institute.
  • Be enrolled in good standing with at least half-time status.
  • Maintain satisfactory progress (attendance and academic).
  • Not be in default on any Title IV loan or owe a repayment on any Title IV grant.
  • Be registered with Selective Services. if applicable.

How to Apply for Financial Aid
There are three easy steps to follow when applying for financial aid for the 2008/2009 academic year.

*If you are applying for financial aid for SPRING 2008, do not fill out these forms; please contact the Office of Financial Aid to receive further instructions.

1. Complete the Free Application for Federal Student Aid (FAFSA) or a Renewal FAFSA. The FAFSA must be completed online at www.fafsa.ed.gov. Be sure to enter Phillips Federal School Code G22372.  Please be advised this is a FREE application.  You should NOT PAY to have your FAFSA completed.

2. Complete and submit a copy of Phillips Financial Aid Request Form. Click Here to download a copy.

3. Submit a copy of the previous year's federal income tax returns (1040, 1040A or 1040EZ - we DO NOT NEED your state 540 tax returns) 

4. If you are not filing a federal 1040 tax return you must complete a Non-Tax-Filer Verification Status Form.  Click Here to download a copy.

A copy of your drivers license and social security card; and, if applicable for permanent resident or eligible non-citizen status, both sides of form I-151 or I-551 Alien Registration card (green card), U.S. passport or certificate of naturalization will be need for identification purposes only.

If further documentation is required to complete the financial aid application process, the Office of Financial Aid will contact the applicant.  The financial aid office can be contacted at (818)386-5635 or at financialaid@pgi.edu.

Federal Loan Program
Phillips Graduate Institute participates in administering the federal Stafford Loan Program (Subsidized and Unsubsidized). The Subsidized Stafford Loan is awarded to students on the basis of financial need. The current maximum award, per academic year, is $8,500 and is interest-free while enrolled in the program with at least half-time units. The Unsubsidized Stafford Loan is awarded to students on a non-need basis. The current maximum award, per academic year, is $12,000 and is an interest-accruing loan upon origination. These two loans provide a total of $20,500 annually in federal student loans. Repayment for Stafford Loans begins six months after the last date of full-time attendance. Students must be officially accepted with Regular Admission Standing by the Office of Admissions before the loan process can be completed.


Federal Work Study
The Federal Work Study Program provides jobs for students with financial need, allowing them to earn money to help pay for education expenses. The total Federal Work Study award depends on when a student applies to the program, the level of need, and the funding level of Phillips. The amount a Federal Work Study student earns can't exceed the total Federal Work Study award. The Federal Work Study student's supervisor or the financial aid administrator will consider class schedules and individual academic progress when assigning work hours. This program also encourages students to participate in community service activities.


2007/2008 TUITION AND FEES

Tuition
(M.A.) Tuition per unit $820
(Psy.D.) Tuition per unit $858
Late registration fee $50 (If registering after the official registration period.)
Administration Fees
(M.A.) Administration Fee $300/semester
(Psy.D.) Administration Fee $300/semester
Doctoral Internship Fee
(Half-time) $2,000/semester
(Full-time) $3,000/semester


Veteran Benefits
Phillips is approved for Veteran Administration benefits. Contact the Office of Financial Aid at (818) 386-5635 for more information. 
Return to Top

FREQUENTLY ASKED QUESTIONS

How do I apply for Federal Student Aid?
Complete the Free Application for Federal Student Aid (FAFSA).
You can get a FAFSA:
online at www.fafsa.ed.gov;
from the Financial Aid Office, by calling (818) 386-5635;
from a local public library; or
from the Federal Student Aid Information Center
1-800-4-FED-AID (1-800-433-3243).

What is Phillips Graduate Institute's Federal School Code
G22372

What information do I need to complete a FAFSA accurately
First, read the instructions carefully. Most mistakes are made because applicants don't follow instructions. If you apply using FAFSA at www.fafsa.ed.gov, you can print a pre-application worksheet to practice filling out the form before submitting your information online. When you fill out your application, pay special attention to questions on income as most errors occur in this area. To help you with these questions, it helps to have your Federal Income Tax return on hand, as well as any W2s and the most current Bank Statement. Do not forget to sign your FAFSA.

What if I need help filling out my application?
When applying at www.fafsa.ed.gov, use the help feature that is built into the program.  You can also contact the Federal Student Aid Information Center at 1-800-4-FED-AID or contact the Phillips Financial Aid Office at (818) 386-5635.

How do I qualify for the Federal Stafford Loan?
You must be a U.S. Citizen or eligible resident, enrolled at least half-time with a satisfactory academic progress, and have no unresolved defaults on prior federal student loans.

Is there a credit check required to receive a Federal Stafford Loan?
No credit check is required to receive a Federal Stafford Loan.

How much can I borrow?

When using the loans available under the Federal Stafford Loan program, graduate students can borrow as follows:

·          Up to $8,500 per academic year when using the Federal Subsidized Stafford Loan

·          Up to $12,000 per academic year when using the Federal Unsubsidized Stafford Loan
Life-time loan limit $138,500


What is the difference between Subsidized Stafford Loan and the Unsubsidized Stafford Loan?
The Subsidized Stafford loan is awarded to students based on need; interest does not accrue on the principal of your loan while you are enrolled in school at least half-time. The Unsubsidized Stafford Loan is not need based, and interest accrues on the principal of your loan while in school.

What is a Grad Plus?
The Graduate/Professional PLUS loas is an option for student pursing a graduate or professional degree that can be used to help pay for tuition, fees, books, housing, food and even reasonable transportation and personal expenses.  Students are strongly encouraged to apply for both subsidizied and unsubsidized Federal Stafford loans before applying for a Grad PLUS.  You may borrow up to the total cost of attendance, minus the amount of your federal Stafford loans and other financial aid you receive.  You must meet credit eligibility requirements.  You cannot have any debts that are delinquent 90 days or more.  In addition, you cannot have any defaulted loans, outstanding tax liens, unpaid judgements, or any bankruptcy, foreclosure or wage garnishment within the past five years.  If you cannot meet the credit check, you may still receive a PLUS loan if you know someone who is willing to endorse your loan.

What is a Promissory Note?
Once signed, the Promissory Note is a binding legal document. Your signature indicates that you are agreeing to repay your loan under the certain terms designated. Be sure to read the note carefully and save a copy of it for your records.  Promissory notes are required for both Stafford and Grad PLUS loans.

How will I receive my student loan funds?
Student loan funds will be directly disbursed to your school via electronic funds transfer (EFT). Funds will be disbursed in two or more installments, usually at the beginning of the fall and spring semesters.

When do I pay back these loans?
After you graduate, leave school, or drop below half time enrollment, you have six months before you begin repayment on your Stafford loans. This period of time is called a grace period.  If you borrow a Grad PLUS you will need to start repaying your Grad PLUS loan within 60 days of the last disbursement, but you can postpone repayment while you're in school.

Is it ever possible to postpone repayment of my loan?

Yes, under certain conditions, you can receive a "deferment" or "forbearance" on your loan, as long as the loan isn't in default. A deferment allows you to temporarily postpone payment on your student loan. You may be eligible for a deferment if you are:

 

·          At least a half-time student at a postsecondary school;

·          In an approved rehabilitation training program for the disabled;

·          Unable to find full-time employment; or

·          Show economic hardship.


If you're temporarily unable to meet your repayment schedule, but you're not eligible for a deferment, your lender might grant you a forbearance for a limited and specified period. During a forbearance, your payments are postponed or reduced, or your repayment period might be extended. However, please note: whether your loans are subsidized or unsubsidized, you'll be charged interest during a period of forbearance.

You might be granted a forbearance if you are:

·          Unable to pay due to poor health or other unforeseen personal problems;

·          Serving in a medical or dental internship or residency;

·          Serving in a position under the National Community Service Trust Act of 1993; or

·          Obligated to make payments (on certain federal student loans) that are equal to or greater than 20 percent of your monthly gross income.

 

Deferments or forbearances are not automatic and you might have to provide documentation to support your request.

Therefore, it is suggested that you contact the lender or agency that holds your loan, the Financial Aid Office at the school you are currently attending, planning to attend or previously attended for assistance with this process.