Federal Financial Aid could be available to help you return to, or stay, in school. Our finance advisors can help you identify programs that might be right for you.
Grants
- Federal Pell Grant
- Academic Competitiveness Grant
- National Science and Math Access to Retain Talent (SMART) Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG) Grant
- Teacher Education Assistance for College and Higher Education (TEACH) Grant
Loans
- Federal Family Educational Loan
- William D. Ford Federal Direct Loan (Direct Loan)
- PLUS Loans
- Stafford subsidized or unsubsidized
- Federal Perkins Loan
Once you’ve been admitted to a degree or certificate program, we can assist in determining your eligibility. We’ll also need to have received the results of your Free Application for Federal Student Aid.
Apply Online for Federal Financial Aid
We provide a simple and convenient online application process for completing your financial- aid paperwork. The online application process includes all required financial aid forms, options for electronically signing your applications and links to complete the FAFSA (Free Application for Federal Student Aid) and Master Promissory Note. It eliminates the paperwork and reduces the processing time for receiving your financial aid funds. To submit your financial aid paperwork electronically, please contact your campus representative or visit the University of Phoenix Financial Aid Website.
Deferred Payment
It is possible to defer payment for your portion of tuition fees or requesting deferment until you receive tuition assistance or reimbursement from a third party such as an employer. However, certain conditions do apply. Under our Financial Aid Plan, at least 50 percent of your annual tuition must be funded through the federal financial aid benefits, and you must have:
- Completed a financial aid orientation or received a welcome call from your financial representative
- Completed an Entrance Interview Form
- Submitted a completed Financial Aid Packet (including all required paperwork and related documentation)
- Completed the Admissions Application
- Submitted all materials requested by your financial representative or the University of Phoenix Financial Aid Processing Center, Received an eligible Institutional Student Information Report (ISIR) from the U.S. Department of Education
- Paid all applicable fees
If the University determines you are not eligible to qualify for student financial aid and/or you do not provide all of the requested documentation to the University you will be immediately responsible for any outstanding balance and you will be required to comply with the terms and conditions of the Cash Plan. The cash plan requires that you pay all of your tuition and applicable fees prior to each course's start date. You may choose to have your tuition, electronic course fees automatically charged to your credit card. Automatic payments are charged according to the timelines set by the campus you are attending.
Students who are not in compliance with their Primary Financial option term may not be allowed to attend courses. The student’s eligibility to start or continue to attend courses is at the discretion of the University. A student may be administratively withdrawn for failure to make payment in a timely manner, preventing the student from attending future class sessions, until the amount owed is paid in full or satisfactory payment arrangements are made.
If you choose the cash plan, it is your responsibility to pay for each course prior to each course's start date. Invoices are not sent prior to the start of each course. Get in touch with an enrollment advisor if you have questions.
Reapply Annually
You must reapply for funding every academic year. Plan ahead so you can complete the reapplication process at least 60 days before your academic year ends. It is critical that you reapply for future loans or grants early to ensure that your educational program is not interrupted.
If you do not reapply for financial aid in a timely manner, you will no longer qualify for a financial aid deferment and you will be required to comply with the terms and conditions of the Cash Plan. Please refer to the Consumer Information Guide for more information related to this financial option.
Preferred Lenders
For your convenience, we have a Stafford Loan Preferred Lenders List and PLUS Loan Preferred Lenders List. These lenders meet or exceed minimum operational standards and offer additional borrower benefits. However, we will process loan applications with any lender who participates in the Title IV Federal Loan Programs. To help us expedite the process, you should confirm first that your selected lender does participate. Contact your financial aid advisor for more information.
Financial Aid Entrance and Exit Counseling
The University ensures an entrance/exit interview is conducted individually, in a group, or online, for federal financial aid borrowers. The interview includes an explanation of the use of an MPN, importance of repayment obligation, description of consequences of default, sample repayment schedules, information in reference to a borrower’s rights and responsibilities, and other terms and conditions. Loan exit counseling is provided at completion of program or withdrawal from the University.
Terms and Conditions
It’s not possible to cover every situation here. But please note that additional information is available, and that we recommend that you consider the following:
- You must attend continuously with no attendance breaks greater than 29 days to retain disbursed federal financial aid funds. If you require more than 29 days, please contact your finance advisor to request a Leave of Absence.
- Title IV Federal Financial Aid Programs are not offered at all University of Phoenix locations. Please check with your University of Phoenix finance advisor.
See our Financial Aid Orientation for a step-by-step overview that includes definitions of financial aid terms, eligibility information and more.
