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Tuition and Financial Aid
2014-2015 Academic Year (three semesters)
Tuition $908.00 (Per course)
TOTAL: $2,274.00 (Per two courses)
*Starting in Fall Semester 2014, the North Carolina Academy is charging Methodist University a usage
** Tuition and fees for the 2015-2016 Academic Year are subject to change.
Once a student who requires financial aid has been accepted to the MJA program, the student should begin the process to apply for financial aid. The financial aid application to apply for financial aid at Methodist University is the Free Application for Federal Student Aid (FAFSA). The FAFSA can be completed either by paper form or online. Completion of the FAFSA is required for consideration for federal or state financial aid at Methodist University.
The results of a student’s processed FAFSA (Student Aid Report (SAR) will be emailed to the student within two weeks: if corrections need to be made, the student should contact Methodist University’s Financial Aid Office. If a student lists Methodist University on his or her FAFSA, the school’s results (called ISIR) will be electronically transmitted to the Methodist University Financial Aid Office. Methodist University’s Title IV school code is 002946.
Financial aid for graduate students consists of loans (federal and alternative). Federal Stafford Loan eligibility for graduate students is $8500 subsidized and $10000 unsubsidized. For more information on subsidized/unsubsidized loans, click here. There is no credit check for a Stafford Loan. However, the student can not currently be in default on a federal loan. The Stafford Loan, with its lower interest rate, should be the first option. However, if additional money is needed beyond what the Stafford loan can cover, then an Alternative Loan would be the next option. Alternative Loans are based upon credit worthiness. Alternative Loans are also at a higher interest rate than the Stafford Loan. For more information about some of the Alternative Loans offered, click here. Once the Financial Aid Office has received all of the paperwork needed to determine loan eligibility, the student can then be awarded. Two copies of the award letter, a Master Promissory Note (MPN) to apply for the Stafford loan(s) as listed on the award letter, and an Alternative Loan Brochure is mailed to the student. Alternative Loans are not listed on the Award Letter since the student has to be approved (credit worthiness) by the lenders. It is the student’s responsibility to inquire about Alternative Loans. On the award letter, the Stafford Loan amount is divided and will be disbursed in three equal amounts to Methodist University. The student must sign and mail one copy of the award letter and completed MPN to the Financial Aid Office. Upon receipt of the Award Letter and MPN, the Financial Aid Office will process the Stafford Loan, which is processed electronically through elmresources.com. The student can check the status/disbursement dates through this website.
*Note: Students are encouraged to check with their employers/agency
to see if there are continuing education incentives offered.