Cost, Scholarships and Financial Aid | Master of Fine Arts in Writing
|MFA Program Tuition and Fees for 2020-2021|
|Tuition for the academic year||$19,660|
|Residency room fees and selected meals||$1,800|
|Books and supplies||$800 (estimate)|
Students are responsible for their own transportation costs. Residency fees cover room, lunches, and two dinners for the two 10-day residency periods, one in January and one in June. A laptop computer is helpful during the residencies.
|Residency Writers Conference Tuition and Fees for 2020-2021|
|Tuition, no academic credit||$1,800|
|Tuition, four academic credits||$2,600|
|Residency room fees and selected meals||$900|
The Residency Writers Conference is for non-degree-seeking students. For more information, see Residency Writers Conference.
Please note that all costs are subject to change.
Each year Pacific offers partial scholarships to selected students entering the MFA program. All scholarships are based on the quality of the creative manuscript and supporting application materials and are awarded at the time of acceptance. No additional application is required. These include a limited number of MFA Merit Scholarships and The Pearl Scholarship, which are awarded to exceptional students in any genre; The Mapmakers Scholarship, awarded to exceptional students of color; and The Katherine Dunn Scholarship, awarded to any exceptional female student who demonstrates financial need.
A typical MFA financial aid package will be a combination of loans that should meet 100% of your cost of attendance. Cost of attendance includes tuition, residency room and board, room and board for home residence, books, laptop, transportation, and miscellaneous expenses. MFA students can borrow up to $20,500 (estimate) per year in the Federal Unsubsidized Loan. If students have a need beyond the Federal Unsubsidized Loan, the Direct Lending Program offers Graduate PLUS loans or students can consider private loans from various lenders.
Federal loans are available to United States citizens and eligible noncitizens who are enrolled at least half-time in a degree program at Pacific University. Eligibility is determined by the information you provide on the FAFSA. A Repayment Estimator is available at studentaid.gov.
Subsidized Federal Direct Loan
Eligibility for the subsidized Federal Direct Loan is based on financial need, as determined by the information submitted on the FAFSA. The loan principal is deferred, and the government pays the interest on the loan while borrowers are enrolled at least half-time.
Unsubsidized Federal Direct Loan
The unsubsidized Federal Direct Loan is available to students who file the FAFSA and meet general federal student aid eligibility requirements, regardless of financial need. The loan principal may be deferred, but interest accrues once the loan is disbursed.
Interest Rate, Fees & Repayment
- The new interest rates starting on July 1, 2020 are the following for each loan type:
- Direct Subsidized Loans and Direct Unsubsidized Loans (Undergraduate Borrower) - 2.75%
- Direct Unsubsidized Loans (Graduate Borrower) - 4.30%
- Direct PLUS Loans (Parent/Graduate Borrowers) - 5.30%
- Fixed interest rate
- Interest paid may be tax-deductible
- Fees of 1.069% are deducted from the loan when disbursed to the school.
- Standard 10-year repayment begins six months after graduation, or ceasing to be enrolled at least half-time. Other repayment options may be available and are described at studentaid.gov.
- Deferment, cancellation, forbearance, forgiveness, and discharge information is available at studentaid.gov.
How to Apply for Loans
Students applying to the MFA program should fill out a Free Application for Federal Student Aid (FAFSA) and submit this form to the federal government as soon as possible. Be sure to have a copy sent to Pacific University (Federal School Code: 003212). Do not wait to be accepted into the MFA program to apply for financial aid, and do not wait until you have filed your income tax return with the IRS.
FAFSA forms are available online at fafsa.ed.gov, or by calling 1-800-4-FED-AID. We strongly encourage completing your FAFSA online. This enables you to get your Student Aid Report (SAR) sooner than with the paper application, and the online form has built-in edits to catch simple errors.
Types of Loans
Federal Stafford Loans
Pacific University participates in the Federal Direct Lending Program. This program offers incoming MFA students unsubsidized loans. These loans begin accruing interest when they are disbursed. The interest rate is a fixed 6.08%.
Federal Direct Graduate PLUS Loans
These loans are fixed at 7.08% and applicants must meet credit approval.
These variable interest rate loans are 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.
Additional Financial Resources