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Scholarships and Financial Aid

DULA is approved to offer Title IV Federal Student Aid, a part of the U.S. Department of Education. Federal Student Aid is the largest provider of student financial aid in the nation and is responsible for managing the student financial assistance programs authorized under Title IV of the Higher Education Act of 1965. These programs include the Free Application for Federal Student Aid (FAFSA®) and offer free assistance to students throughout the entire financial aid process.

Currently, financial aid is available for our MSOM and DATM programs. For more information or to schedule an appointment, please contact the Financial Aid Officer at (213) 487-0110. For additional details about Financial Aid, please refer to the Student Program Catalog & Handbook in the publication page.

HOW TO APPLY and ELIGIBILITY

Students wishing to obtain a Federal Direct Student Loan must complete the following steps:

  1. Apply for an FSA ID. To create an FSA ID, go to www.studentaid.gov. Click on the “Create an FSA ID” link. After filling in the required information, please make sure to confirm your email address.
  2. Complete and submit the latest FAFSA application at www.studentaid.gov DULA’s school code is 031095
  3. Complete Online Entrance Counseling. This is required of first-time borrowers. Go to StudentLoans.gov, sign in, and go to Counseling  →  Entrance Counseling.
  4. Complete and sign your Electronic Master Promissory Note (MPN). To do this, go to StudentLoans.gov, login, and go to Complete New MPN for Student Loans → Subsidized/Unsubsidized. You must complete this MPN all at once. If you exit prior to completing it, your changes will not be saved. Make sure you have your FSA ID available, as well as two references (names, addresses, and phone numbers). These should be people who have known you for at least one year (preferably relatives) and who live at different addresses.
  5. Complete your DULA Financial Aid Application packet, including:
  6. Financial Aid Application
  7. Disbursement of Federal Funds and Credit Balances
  8. Federal Student Aid Policy
  9. Bring the following required documents to the Financial Aid Office:
    Driver’s License
    Social Security Card (if applicable)
    INS Documentation (if applicable). For citizens: Passport, Naturalization Certificate, or birth certificate. For eligible non-citizens: Green Card

For more information on financial aid, or to schedule an appointment (this is applicable once you have been admitted and have entered into a DULA Enrollment Agreement), please contact the Financial Aid Officer at (213) 487-0110.

Please note: As mentioned above, and notwithstanding the immediate foregoing statement, all students, including those receiving financial aid, must comply with the University’s Leave of Absence Policy and Satisfactory Academic Progress Policy. These policies are detailed more fully under the appropriate headings elsewhere in the program catalog.

Additionally, Financial Aid personnel are professionally and ethically bound by Federal government regulations. Therefore, they may use their professional judgment to either deny certain Federal Financial Aid or refuse to certify a student’s loan application.

Students wishing to obtain financial aid must meet the following requirements:
  1. The student must be a citizen or an eligible non-citizen of the United States of America.
  2. The students must be enrolled on at least a half-time basis (6 units) for each quarter for which they would like to receive financial aid.
  3. A male student between the ages of 18-25 must be registered with the Selective Service.
  4. Older students must have been registered during this age period.
  5. Females and students born before 1960 are exempt from this requirement.
  6. The student must maintain SAP (satisfactory academic progress) as defined by school policy while in attendance.
  7. The student must complete verification if required, prior to funds being disbursed.
  8. Not owe any refunds on a Pell Grant or other awards received and not be in default on repayment on any type of student loan.

Types of Financial Aid

Types of Financial Aid Available to DULA Students

1. Federal Direct Unsubsidized Stafford Loan

Non-need-based loans with fixed, low interest rates are available exclusively to independent undergraduate and graduate students. Repayment begins six months after graduation, or six months from the time the student drops below half-time enrollment or withdraws from school. The government does not pay the interest while the student is attending school, nor during the grace period; therefore, the responsibility for interest payments falls on the student.

For more information, please refer to the Student Loan Repayment section. Interest starts accruing when the loan funds are disbursed. Students may choose to pay the interest while attending school, or have the interest capitalized (added to the principal loan amount) when the loan enters repayment.

Loan amounts: The maximum annual loan amount is US $20,500 (unsubsidized only) depending on remaining aggregate eligibility.

2. Federal PLUS (Parent Loan for Undergraduate Students) Loan

Non-need-based, fixed-rate loans are available to graduate students and parents of dependent undergraduate students. These loans are issued based on the creditworthiness of the parent or graduate student. Interest begins accruing as soon as the loan funds have been disbursed. The loan enters repayment once it has been fully disbursed. For graduate students, the loan is automatically placed in deferment status if the student is enrolled at least half-time, and this deferment continues for an additional six months after they are no longer enrolled or attend on a less than half-time basis. The PLUS loan amount is determined by the student’s cost of attendance, minus any other financial aid the student is receiving.

3. DULA Scholarships

Please refer to our institution’s scholarship page for more information. Scholarships are primarily awarded based on financial need, academic merit, and the strength of the essay. For additional information, contact the Office of the Dean of Academic Affairs at [email protected].