Counseling Psychology: Cost and Financial Aid

Tuition: $18,240

Books & Supplies: $3,767
Laptop Computer: $2,000

The figures above approximate the need of a first year counseling psychology student for tuition, books and supplies for the 2008-2009 academic year.

The following sources of financial aid are available to counseling psychology students, though not all students will receive all types.

Federal Family Education Loan Program (FFELP) Stafford Loans

Masters students can borrow up to $20,400 in a combination of subsidized and unsubsidized loans. Funds from participating lenders and the interest rate is fixed at 6.8%.

Other Loan Resources

Alternative Loans: These are loans offered by lenders and institutions for educational expenses. These loans are not guaranteed student loans. Lenders and institutions have varying credit approval criteria that must be met by loan applicants. These loans have a variable interest rate.

Federal Graduate Plus Loans: These loans are also offered by lenders and institutions for educational expenses and have varying credit approval criteria that must be met by the loan applicants. These loans are fixed at 8.5%.

Questions?

If you have any questions about financial aid, budgeting, repayment, or other education-related financial concerns, please contact the Financial Aid Office:

FAFSA Info

FAFSA is the Free Application for Federal Student Aid.

It is very important that you submit this form to the federal government as soon as possible after January 1st.

Be sure to have a copy sent to Pacific University (Federal School Code 003212).

Do not wait to be accepted into a program to apply for financial aid and do not wait until you have filed your income tax returns with the IRS. You should either estimate your income - you will have a chance to correct errors later - or complete your tax returns early. If you wait, it will delay the processing.

You can also fill out a web-based version of the FAFSA at http://www.fafsa.ed.gov/ (step-by-step instructions are provided on this site).

Filling out the FAFSA online allows you to get your Student Aid Report (SAR) sooner than with the paper application, and your FAFSA will be more accurate, since the online form has built-in edit checks to catch simple errors.