Payment Options & Loans

Financial assistance Options

Westcliff University offers scholarships, veteran’s benefits and referrals to institutions assisting with loans to help finance the students education. Students have the option to pay in full but for those who cannot pay the entire amount, there are still various plans available that allow the student to graduate without any debt.

• Payment Plan Options and Policy

  Semester-Based Payment

  Tuition payment is due 30 days prior to the beginning of each semester.

   

  Two Installment Deferred Payment Plan: $50 administrative fee

  This Westcliff University Auto-Debit Payment Plan is available to assist with tuition and certain fees. There is a $50.00 Processing Fee that is charged per payment plan each semester.

  The first payment required to be completed will be a 40% down payment of their current tuition along with the $50.00 processing fee. Students Remaining Balance will then be equally split into the appropriate amounts and dates that will be discussed with a Student accounts Representative and must enroll using the Paypal Auto-Debit Subscription. To request more information or to be enrolled into this payment plan please email the Student Accounts department prior to the start date of the Semester.

   

  Three Installment Deferred Payment Plan: $50 administrative fee

  This Westcliff University Auto-Debit Payment Plan is available to assist with tuition and certain fees.There is a $50.00 Processing Fee that is charged per payment plan each semester.

  The first payment required to be completed will be a 40% down payment of their current tuition along with the $50.00 processing fee. Students Remaining Balance will then be equally split into the appropriate amounts and dates that will be discussed with a Student accounts Representative and must enroll using the Paypal Auto-Debit Subscription. To request more information or to be enrolled into this payment plan please email the Student Accounts department prior to the start date of the Semester.

• Federal Student Loans

  WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM

  • The William D. Ford Federal Direct Loan program is available to students based on financial aid eligibility.
  • There are three types of Direct Loans available to undergraduate students: subsidized, unsubsidized and PLUS.
  • The application for a Direct Loan will not be processed through a bank, but rather through Westcliff University and the U.S. Department of Education.
  • If you have borrowed both subsidized and unsubsidized William D. Ford Direct loans, you may have a single repayment schedule.
  • The U.S. Department of Education Student Loan Support Center will send correspondence for all activity on your loan. If you have additional questions you may contact them at 1-800-557-7394 or visit the Direct Loan Servicers webpage.

  Federal Direct Subsidized Loans

  • Subsidized loans are only available to students who demonstrate financial need.
  • The federal government will pay the interest on this loan while you are enrolled in college at least half-time.
  • Repayment on your loan begins six months after you leave school or drop below half-time (below 6 units).
  • Interest rates are available at Studentaid.gov.
  • Annual loan limits are available at: Studentaid.gov/
  • If you advance a grade level during the academic year you may be eligible for a higher maximum annual loan limit. Otherwise, you must wait until the period of time equal to an academic year elapses to borrow again under the William D. Ford Federal Direct Student Loan Programs (subsidized and unsubsidized).
  • If you are a first-time borrower, you must complete an online entrance counseling quiz and the master promissory note before you can receive your loan funds.
  • For first-time borrowers borrowing on or after July 1, 2013, there is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program.

  Federal Direct Unsubsidized Loans

  • This loan is not based on financial need.
  • Loans that are identified as "replacing Expected Family Share" are offered to you as an option to replace the contribution expected from you or your family.
  • Loans that are identified as "replacing need" are offered to you to help meet your financial need.
  • This loan is unsubsidized, which means that you pay the interest while in school.
  • You may choose to defer any payments while you are enrolled in college at least half-time and during your six-month grace period before repayment. All unpaid accrued interest will be capitalized and added to the outstanding principal balance.
  • Repayment on your loan begins six months after you leave school or drop below half-time (below 6 units).
  • Interest rates are available at Studentaid.gov.
  • Annual loan limits are available at: Studentaid.gov/sa/types/loans/
  • If you advance a grade level during the academic year, you may be eligible for a higher maximum annual loan limit. Otherwise, you must wait until the period of time equal to an academic year elapses to borrow again under the William D. Ford Federal Direct Student Loan Programs (subsidized and unsubsidized).
  • If you are a first-time borrower you must complete an online entrance counseling quiz and the master promissory note before you can receive your loan funds.

  Disbursement

  A loan fee will be deducted proportionally from the loan amount prior to each disbursement. Loan fees are available at Studentaid.gov.

  Your loan proceeds will be divided by the number of terms you attend and will be credited to your Westcliff University student account. Once your fees have been paid any remaining funds will be disbursed via paper check or mailed to you, as you indicated.

  Repayment Options

  The Federal Direct Loan Program offers a variety of different repayment plans. Information on the various plans is available from the U.S. Department of Education's Repayment Plans page.

• Private Loans

  When it comes to the total cost of college, a private student loan can help fill in the gaps that other forms of financial aid do not cover. 

   

  

  ElmSelect is a complimentary service to find and compare private loan options for your specific school and degree.

  • Undergraduate
  • Graduate
  • International
  • MBA

  To learn more about private loan options you may visit www.elmselect.com and search for Westcliff University, or contact the financial aid office.

   

  About Private Loan Options

  • Loan applicants may require a cosigner with a positive established credit history and stable income. 
  • Cosigners agree to share responsibility for the loan with the student borrower. 
  • The stronger the cosigner’s creditworthiness, the more likely the individual can help secure a lower interest rate, which will directly affect the total amount of money repaid on the loan.

  Lenders are recommended based upon their historical lending with our students or are based upon the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so.

   

  The State of California requires that you be told the following:

  Students considering student loans need to be aware of the differences between federal student loans and private student loans.

  • Federal student loans are required by law to provide a range of flexible repayment options including, but not limited to, income-based and income-contingent repayment plans, as well as loan forgiveness benefits that private lenders are not required to provide.
  • Federal direct loans are available to most students regardless of income. Other qualification criteria do apply. For more information, please visit http://studentaid.ed.gov/eligibility.
  • Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions.
  • The interest rate on a private loan may depend on the borrower's and/or cosigner's credit rating.
  • Private student loans have a range of interest rates and fees and students should determine the interest rate of, and any fees associated with, the private student loan included in their financial aid award package before accepting the loan. Students should contact the lender of the private student loan or Westcliff University’s financial aid office if they have any questions about a private student loan.

   

• Veteran's Education Benefits

  Westcliff University proudly supports America’s veterans and active duty military personnel. We are committed to serving you with the same integrity with which you served your country. Our goal is to provide you with the education you need to help you to pursue and achieve the success you deserve. Below is a summary of the veteran’s education benefits that are currently available to eligible service members. Westcliff University participates in the Yellow Ribbon program.

  Enrollment Certifications for Veteran’s Educational Benefits

  Questions about your enrollment certifications may be directed to the campus Financial Aid Office. Questions regarding your specific eligibility for education benefits should be directed to your VA Regional Office.

  VA Office and Resources

  The VA Regional Processing Office for California is in Muskogee, OK (PO Box 8888, Muskogee, OK 74402-8888. A detailed list of all benefit offices including addresses and phone numbers may be found at http://www.va.gov/directory/guide/allstate.asp?dnum=3&isFlash=0

  Post 9/11 GI Bill® – Chapter 33

  This program is for student-veterans who have served at least 90 aggregate days on active duty beginning on or after Sept. 11, 2001, or who were honorably discharged from active duty due to a service-related disability after serving 30 continuous days beginning on or after Sept. 11, 2001. Active duty time will determine tuition percentage benefit eligibility that expires 15 years after separation. Additional benefits include tuition and fee payment to school of choice and a book stipend of up to $1,000 per year. VA pays school directly.

  Montgomery GI Bill® (MGIB) – Chapter 30

  Under Chapter 30, active-duty members enroll and pay $100 per month for 12 months. They are then entitled to receive a monthly education benefit once they have completed a minimum service obligation. Eligible veterans have 10 years after leaving the military to use this benefit. Student pays tuition.

  Montgomery GI Bill® for Reservists (MGIB-SR) – Chapter 1606

  A reservist solider must be actively training and have a six-year obligation in the reserve unit to be eligible for this program. This benefit is based on the student’s enrolled credit status, meaning full time, part time, or less have prorated amounts paid out to the soldier’s direct deposit. Student pays tuition.

  Reserve Educational Assistance Program (REAP) – Chapter 1607

  For a reservist activated for more than 90 days after Sept. 11, 2001, the monthly benefit will reflect the length of title 10 orders. This benefit is based on the student’s enrolled credit status, meaning full time, part time, or less have prorated amounts paid out to the soldier’s direct deposit. Student pays tuition.

  Survivors and Dependents Education Assistance (DEA) – Chapter 35

  Dependents educational assistance provides education and training opportunities to eligible dependents of certain veterans. Review education benefits information and application on our website: www.tri-c.edu/gi-bill. VA pays school directly.

  Veteran Readiness and Employment - Chapter 31

  Veterans with a service-related disability rating of at least 20 percent are eligible. VA pays costs such as tuition and fees, books, supplies and equipment. VA will also pay a monthly benefit to help with living expenses. VA pays school directly.

  U.S. Department of Veteran’s Affairs website: http://www.va.gov/

  VA healthcare information: http://www.va.gov/healthbenefits/

  VA career support and information: http://www.va.gov/jobs/

  VA National Resource Directory: Connecting Wounded Warriors, Service Members, Veterans, Their Families and Caregivers with Those Who Support Them: https://nrd.gov/

• International Students

  We Make Scholars:

  WeMakeScholars has the largest database of external scholarships which can be useful for students from all nationalities. In addition, it offers valuable assistance to Indian students looking to finance their education via education loans. This organization, backed by the IT Ministry, Government of India, has successfully helped some of our students secure education loans from Indian banks. As a processing partner for 15+ banks, they can identify the best loan options that align with your profile. Plus, their services are free of cost, as they come under the Digital India initiative.

   

  To get in touch, you may call their Support team at +91-8341124424 or email hello@wemakescholars.com