Understanding Your 2023-24 Financial Aid Offer: Information for Master in Teaching Students
We are pleased to offer you a financial aid offer for your new opportunity here at Whitworth University. In addition to your award, you may have a missing information notification; please respond to the requested items/processes as soon as possible.
Financial Aid Timeline
To qualify for federal financial aid, a graduate student must be fully admitted into a graduate degree program, be attending at least half-time and have completed a Free Application for Federal Student Aid (FAFSA). The online link is studentaid.gov.
Please refer to the steps below:
- Apply for admissions – be accepted
- Apply for financial aid with FAFSA at studentaid.gov.
- Note: Students will need to complete the 2023-24 FAFSA
- Receive a financial aid award
- Complete financial aid file – including online processes
- Refer to the financial aid checklist on Self Service
- Register for classes – make sure financial aid award is consistent with academic plans (credit load)
- Receive financial aid funds on your student account the week classes start
Billing Information
Students will receive information regarding payment options from the Whitworth Student Accounting Services Office prior to the start of each term. For billing questions, please contact the office at stuaccts@whitworth.edu.
Disbursement Information
For each semester, students can anticipate receiving their first disbursement after they have attended their first class. Funds can only be disbursed if the student's financial aid file is complete. To view disbursement requirements and disbursement dates, visit www.whitworth.edu/disbursement.
Cost Calculation
It is important that students know how their financial aid and tuition costs will change each semester. Your federal student loans are split equally each semester, though your costs change. Below is an example of how that looks for some students. Please take the time to compare your financial aid to your tuition costs to ensure you have enough funds each semester.
Elementary Program
| Term | Credits | Cost per Credit | Total Term Cost | Federal Unsub. Loan* | Total Aid | Cost Minus Aid |
|---|---|---|---|---|---|---|
| Summer 2023 | 14 | $650 | $9,100 | $10,142 | -$1,042 | |
| Fall 2023 | 18 | $650 | $11,700 | $10,142 | Fed loan + scholarship | $1,558 |
| Spring 2024 | 20 | $650 | $13,000 | $10,142 | Fed loan + scholarship | $2,858 |
| Summer 2024 | 8 | $650 | $5,200 | $10,142 | -$4,942 |
Secondary Program
| Term | Credits | Cost per Credit | Total Term Cost | Federal Unsub. Loan* | Total Aid | Cost Minus Aid |
|---|---|---|---|---|---|---|
| Summer 2023 | 9 | $650 | $5,850 | $10,142 | -$4,292 | |
| Fall 2023 | 15 | $650 | $9,750 | $10,142 | Fed loan + scholarship | -$392 |
| Spring 2024 | 20 | $650 | $13,000 | $10,142 | Fed loan + scholarship | $2,858 |
| Summer 2024 | 6 | $650 | $3,900 | $10,142 | -$6,242 |
*This accounts for the origination fee that is charged by the Federal Department of Education to process and service the loan. The fee decreases for disbursements first made after October.
Federal Direct Unsubsidized Student Loan
Federal Direct Unsubsidized Student Loans are federally insured loans available to help cover the cost of higher education. Students are responsible for the interest which accrues on the loan starting from the time in which it first disburses onto the student account. To be eligible, students must complete the FAFSA. For more information about the Federal Direct Unsubsidized Student Loan program, please go to: https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized.
Credit-Based Loans
If you still need additional financial aid on top of what you have been granted through the Federal Direct Unsubsidized Student Loan program, you may consider applying for a credit-based loan. Students who are interested should apply for either a Federal Graduate PLUS Loan or a private student loan. Before applying, please contact the financial aid office to discuss your eligibility.
TEACH Grant
The Teacher Education Assistance for College and Higher Education (TEACH) Grant provides up to $4,000 per year in grants for graduate and undergraduate students who intend to teach full time in high-need subject areas for at least four years at schools that serve students of low-income families. However, if a student accepts this grant and does not meet the above conditions, there are serious repercussions. If you receive a TEACH Grant and do not complete the four-year teaching obligation as specified by the grant within eight years of completing or ceasing your program of study, the grant converts to a Federal Direct Unsubsidized Student Loan, which means that you will need to repay the grant with interest, including the interest that has accrued from the time that the funds were originally disbursed. For more information, please contact your financial aid counselor.
Financial Aid Policies and Consumer Information: To view our financial aid policies and consumer information, including your rights and responsibilities and satisfactory progress requirements, visit www.whitworth.edu/financialaid.
The Whitworth Financial Aid Office staff welcomes your questions and can be reached at 509.777.3215 or 800.533.4668. Our office hours are Monday-Friday, 9 a.m.-4 p.m. We are open during the lunch hour.
Whitworth University
Financial Aid Office
300 W. Hawthorne Road
Spokane, WA 99251
509.777.3215
509.777.4601 (fax)
finaid@whitworth.edu