Financial Aid Manager
The Financial Aid Manager counsels all students and perspective students about their financial options and helps develop a payment plan to meet personal needs of the student. The Financial Aid Manager is also available to discuss refinancing of a student's current loan in the event the personal needs of the student require modification of his/her original financial aid agreement. The office of the Financial Aid Manager is open Monday through Thursday from 10:00 a.m. to 7:00 p.m., Pacific Time. In the event s/he is not available at the time you call or stop by, you may arrange for an appointment through the Front Desk during regular business hours for her/him to meet with you or to call you at your earliest convenience to discuss your needs.
Financing Your Education
East West College is committed to helping you achieve your education goals. The following information will assist you in financing your education at East West College. There are several options available and contact information and instructions for applications are listed below. East West College is eligible to receive federal financial aid and is approved by the United States Department of Education and the Oregon State Education Department.
The Federal Financial Aid Programs available to students at East West College are the Federal Pell Grant Program and the Federal Family Education Loan Program. To apply for Federal Financial Aid students must complete the Free Application for Federal Student Aid (FAFSA) by either completing and mailing the paper application or applying online at www.fafsa.ed.gov. Applying online is easier, faster and highly recommended. Complete accuracy is necessary when filling out the FAFSA. If you are unsure and are having any difficulty, please contact our Financial Aid Department and someone will assist you in the proper completion of the application. The FAFSA application is used to determine your eligibility for the various financial aid programs.
Cash Payment
Students who want to pay their tuition in cash may do so by the cash payment method.
Students may make full payment of the tuition and fees for their program at the beginning of their programs. Student may also pay for school term by term. Payments for the term by term option are due and payable on the Friday preceding the start of classes.
Federal Grants And Loans
Federal Pell Grant Program
The Federal Pell Grant Program is available to students at the undergraduate level. Awards are based upon determination of eligibility and the cost and length of the program.
Federal Stafford Loan Program
Educational loans are offered through the Federal Stafford Loan Program and consist of two types - Subsidized and Unsubsidized student loans. Interest rates are variable, adjusted annually based on the 91-day Treasury bill plus 2.3%, and cannot exceed 8.25%. Please contact the Financial Aid office for the current annual in-school interest rate on Federal Stafford Subsidized and Unsubsidized Student Loans. Loan origination fees of 4% are deducted from the loans prior to their disbursement.
Students are not required to make payments on loans while enrolled at least half time as well as during their grace period. The grace period ends six months after graduation and automatically ceases if enrollment status is reduced to less than half time. Only one grace period is granted during the entire borrowing history of a student.
Subsidized Stafford Loans
Subsidized Stafford loans are given based on demonstrated financial need which can be determined by subtracting the expected family contribution from the estimated cost of attendance. Students who qualify for the Subsidized Stafford Loan will have all interest paid by the Federal Government as long as enrollment status remains at least half time.
Unsubsidized Stafford Loans
Different than the subsidized loan, the Unsubsidized Stafford Loan accrues interest while in school, and during the grace period. Students with an unsubsidized loan are offered two options for dealing with loan interest payments:
1. Paying only the interest while enrolled in school.
2. Capitalizing the interest by adding it to the principle amount of the loan rather than paying the interest while in school. No payments are due while enrolled in school.
Maximum unsubsidized loan amounts are determined by subtracting all financial aid received, including subsidized loans, from the estimated cost of attendance. This amount cannot exceed the federal annual limit for combined subsidized and unsubsidized loans.
Federal PLUS Loans
The PLUS loan is a low interest loan to parents of dependent students who want to borrow to help pay for their dependent student's education. The interest rate on the PLUS loan is variable, adjusted annually based on the 91 day Treasury Bill plus 3.10%, and cannot exceed 9%. The loan is a credit based loan and interest begins accruing immediately upon disbursement of funds. The repayment period begins on the date of the last disbursement and the first payment is due within 60 days after the loan is fully disbursed. Please contact the Financial Aid Office for the current interest rate on the PLUS loan.
