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Tuition Costs
(commuting students) for the 2009-2010 academic year:
| Tuition
2009-2010: Didactic Year |
$35,860 |
| Fall |
Spring |
Summer |
Fall |
| $8,965 |
$8,965 |
$8,965 |
$8,965 |
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| Tuition
2010-2011: Clinical Year |
$26,895 |
| Spring |
Summer |
Fall |
| $8,965 |
$8,965 |
$8,965 |
| TOTAL |
$62,755 |
Residential PA Students will incur additional charges
for meals and room rent, as specified in the regular tuition section.
Additional Expenses for the Physician Assistant Program:
Major additional costs for the PA program will include the purchase of medical
textbooks (for both the didactic and clinical years), medical equipment (such
as a quality stethoscope, otoscope, ophthalmoscope, sphygmomanometer, lab coats,
patches, name tags, etc.), and living expenses. Medical equipment and textbooks
are estimated to be close to $2,000 each. Living expenses such as rent, travel
expenses, clothing, etc. will vary from individual to individual.
Application
To be considered for most federal and alternative loans, applicants must first
complete the Free Application for Federal Student Aid (FAFSA). The FAFSA form
is available online at www.fafsa.ed.gov
after January 1. If you do not have Internet access contact our Financial Aid
Office (1-800-488-7110) to request a paper application. The Methodist University
Title IV School Code is 002946.
Eligibility for graduate students
Graduate students at Methodist University are eligible to borrow two main loans,
in addition to alternative loans. Please see below:
1. Federal Stafford Loan
What is a Federal Stafford Loan?
A Federal Stafford Loan is a long term, low-interest loan that assists students
with college expenses. It is the most widely used loan in the student education
program. Stafford Loans may be subsidized or unsubsidized. A subsidized loan
means the Federal government is responsible for the interest while you are enrolled
in school. An unsubsidized loan means you, rather than the Federal government,
will be responsible for the interest while you are enrolled in school. To be
considered for either type of Stafford Loan, you must first file the Free Application
for Federal Student Aid (FAFSA). Stafford Loans can be FFELP (Federal Family
Education Loan Program) or Direct. FFELP means borrowing from a private lender.
Direct means borrowing from the Federal government. Methodist participates in
the FFELP.
Who is Eligible?
You (the student) may apply for a Federal Stafford Loan if you are:
- An undergraduate or graduate student.
- A U.S. citizen, U.S. national, U.S. permanent resident or an eligible non-citizen.
- Enrolled or accepted for enrollment in a degree, certificate, or other
eligible program.
- Currently enrolled in an eligible college or university, and maintaining
satisfactory academic progress.
- Enrolled for at least one-half the normal full academic workload during
the loan period.
- Not in default on a previous Stafford, Perkins or Direct Loan.
When parents do not qualify for a Parent PLUS Loan, the student may be able
to borrow an additional Unsubsidized Stafford Loan. Students may also apply
for an alternative loan (pending credit approval) if additional funds are needed.
2. Grad PLUS loan
What is a Federal PLUS Loan for Graduate Students?
The PLUS Loan is a low-interest federally insured loan specifically for graduate
students to pay college costs after you have maximum your Stafford Loan eligibility.
Approval for the loan is based on the borrower's credit, not assets. This fact
makes PLUS Loans unique.
A graduate student may apply for a Grad PLUS Loan if he/she is:
- a U.S. citizen or permanent resident alien
- making satisfactory progress
- in a graduate degree-seeking status
- attending school at least half-time
- applying for the maximum Stafford Loan
3. Alternative Loans
What are alternative student loans?
Alternative student loans are offered by banks or lending institutions to help
students and parents bridge the gap between the cost of education and the amount
of financial aid received. These are alternative supplemental loans that are
NOT guaranteed by the federal government. Terms and conditions can vary according
to specific lender guidelines.
Who can apply for an alternative student loan?
Students can apply for alternative student loans as a supplement to traditional
federal and state sources of financial aid. Methodist University encourages
all students to apply first for federal and state financial aid. Alternative
loans may provide the resources for educational expenses not covered by received
federal and state aid.
How much can a person borrow?
The actual amount varies according to each student's individual financial circumstance.
Other variables include the cost of attendance, financial aid resources and
loan limits imposed by the lender.
Questions regarding loans for graduate students may be directed to our Financial
Aid Office by calling (910) 630-7192 or visiting their website
and scrolling down to the “Loans for Education” bullet.
Resources for PA Students
The MU PA Program currently does not offer specific scholarships through our
program. However, we do encourage applicants to search for outside scholarships.
A great resource strictly for PA Students is the American Academy of Physician
Assistants (AAPA/ www.aapa.org).
Their Financial Aid link is helpful in providing information and links to scholarships
for PA students.
Students interested in obtaining more information for assistance through the
Armed Services should contact the following individuals/offices:
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