Tuition and Financial Aid
Program Costs for 2013-2014
|Tuition per course for summer 2013||$3950 plus $50 lab fee per course|
2013-2014 Academic Year
$24,730 (this includes all tuition costs and fees)
There is a non-refundable deposit of $500 for accepted students to enroll in the postbac program, which is credited toward your tuition.
Students in our program are able to apply for loans for both tuition and living expenses. There are different types of loans available, including Federal Stafford Loans. This means if you borrow a federal loan you are borrowing directly from the Department of Education (DOE). Loans made through this program include the Direct Subsidized Stafford and Direct Unsubsidized Stafford. The Direct Stafford loan limits for the academic year are as is follows:
Summer/Fall Term or Fall/Spring Term:
Borrower-Based Loans: Post Bac Borrower-Based Loans (PBB) are awarded to eligible students who start the academic year in the Summer. Two terms represent an annual loan period, therefore, a PBB loan includes the Summer and the Fall terms as one period, with the Spring term starting a new loan period. You are eligible for the full amount of $7,500 for dependent and $12,500 for independent in the spring term if you started the previous summer.
To apply for a Federal Stafford Loan, you must file a Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov and list Bryn Mawr’s federal code number, 003237 on the applications. Once Student Financial Services has received the results of your FAFSA from the federal processor, you will a receive an award letter. This award letter will list your maximum subsidized and unsubsidized eligibility and the Cost of Attendance.
Private Alternative Loans For Postbaccalaureate Students
Private loans are non-federal education loans offered by a lender such as a bank or credit union. Postbaccalaureate students should consider applying for a private loan only after exhausting all other possible sources of funds. Private loans often have variable interest rates, require a credit check, and may have less attractive repayment plans than federal loans. Many lenders require a credit-worthy co-signer. In general, students may borrow up to the cost of education minus all other financial aid received.
16% of postbaccalaureate students borrowed a private alternative loan for the 2012-2013 school year.
Below are questions you should consider before applying for an alternative loan.
Have you maximized your Federal Student Loans? Alternative loans may carry higher and more variable interest rates than federal loans. Some interest rates can change as frequently as once a month on alternative loans, whereas a federal loan has a fixed interest rate.
Dependent Students: Have your parents considered taking out a Federal PLUS Loan? A PLUS loan, has a fixed interest rate and payment can be deferred. If your parents apply for a PLUS loan and are denied, you may be eligible for an increased amount of Unsubsidized Federal Stafford Loan. See Loan Limits and Terms.
If you choose to borrow an alternative loan to pay for college, then make sure you are well prepared. Below are a few questions to consider when choosing an alternative lender:
What is the interest rate? Keep in mind that this can change.
Is a co-signer/co-borrower required? Even if one is not, having someone such as a parent co-sign/co-borrow your loan with you can lower interest rates and application fees.
Are there application fees?
If you have decided to borrow an alternative loan the next step is to choose a lender. Below you will find a list of lenders used by Bryn Mawr students over the past three years:
Deferment of Undergraduate Loans
You will be able to defer payments on federal student loans obtained as an undergraduate once you are matriculated in our program. Questions regarding deferment should be directed to the Bryn Mawr Registrar. firstname.lastname@example.org
student Financial services
We realize that every student’s situation is unique and you may have questions about your specific situation. Contact email@example.com or call 610-526-5245.