Understanding Your 2023-24 Financial Aid Offer: Information for MSAT 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 509.777.4495 or 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. In the cost calculation, a negative number in the last column means that your aid exceeds your billable costs and indicates the amount that can be refunded to you. Also, the cost calculation does not include any scholarships that you may receive, which would lower your billiable costs.
| Term | Credits | Cost Per Credit | Total Term Cost | Federal Unsub. Loan* | Total Aid | Cost Minus Aid |
|---|---|---|---|---|---|---|
| Summer 2023 | 4 | $665 | $2,660 | $10,142 | -$7,482 | |
| Fall 2023 | 13 | $665 | $8,645 | $10,142 | federal loan + scholarship/grant | -$1,497 |
| Spring 2024 | 18 | $665 | $11,970 | $10,142 | federal loan + scholarship/grant | $1,828 |
| Summer 2024 | 3 | $665 | $1,995 | $10,142 | -$8,147 |
*This accounts for the origination fee that is charged by the Federal Department of Education to process and service the loan.
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.
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