The Master’s University & Seminary participates in the Federal Direct Loan Student Program (FDSLP) which began with the 2010-2011 school year. In this program, the federal government acts as the lender referred to as “Direct Loans,” and the Stafford Loans are serviced by familiar agencies such as Sallie Mae, Great Lakes, PHEAA, and Nelnet.

Federal Direct Stafford Loans

Eligibility

Minimum half-time enrollment.

Required Documents
  1. FAFSA

  2. Entrance Counseling

  3. Master Promissory Note

Interest & Fees

Interest Rate: 5.05% & 1.062% Origination Fee

Amount
Grade Level Base SUB Stafford Dependent Unsub Stafford Independent Unsub Stafford
FR (0-29 units) $3,500 $2,000 $6,000
SO (30-59 units) $4,500 $2,000 $6,000
JR (60-89 units) $5,500 $2,000 $7,000
SR (90+ units) $5,500 $2,000 $7,000

Direct Parent PLUS Loans

Direct Parent PLUS Loan The Federal Direct Parent PLUS Loan is available to parents of dependent undergraduate students. The student must be enrolled in at least six units and the loan is limited to the cost of attendance.

Eligibility

Parents must be US Citizen, or eligible non-citizens with US Address. Student must be half time.

Required Steps
  1. Apply – Apps are processed through www.studentloans.gov. Parent logs in with FSA ID

  2. Complete Parent Master Promissory Note – This is the parent contract on the loan. This is found at www.studentloans.gov

  3. Send TMU a PLUS Loan Amount Request form – 2018-2019 Plus Loan Request Form. You can upload this document to www.masters.edu/upload

Interest and Fees

Interest Rate: 7.6%

Origination Fee: 4.248%

Amount

Up to cost of attendance

Private Loans - View our page


Post Graduation

Exit Loan Counseling

Prior to graduating or leaving college, borrowers are required to complete an exit counseling session. This online exit counseling session has been created to ensure you understand your rights and responsibilities as a Stafford Loan borrower. The session will take about 30-40 min. to complete on www.studentloans.gov.

Loan Servicer

Your Loan servicer can be found by logging into the NSLDS website. Contact your servicer to review and schedule your repayment options.

Contact Info

The Master’s University
Financial Aid Office
21726 Placerita Canyon Rd
Santa Clarita, CA 91321

Email: financialaid@masters.edu

Phone: 1-800-568-6248
or 661-362-2290

Fax: 661-362-2693

Hours

Monday - Friday
8:30 am - 5:00 pm

Closed on school holidays

Federal School Code: 001220

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