Fund Your Undergraduate Degree

Fund Your Undergraduate Degree

Online Resources for Financial Aid Information

Scholarship Information

General Financial Aid Information

  • finaid.org: This has a lot of general information about federal financial aid.  There are also useful calculators to plan paying for college and repaying your loans.
  • StudentLoans.gov: Access America for students is the student gateway to the U.S. government. This site includes a multitude of financial aid resources and links, including scholarships and grants.
  • studentaid.ed.gov: Student gateway to the US government's federal financial aid site. Includes many financial aid resources and links.
  • studentloans.gov: Offers financial aid information from the Department of Education.

Financial Planning Information

  • AIE.org: This website information on planning for college, paying for college and managing your money. It also has Spanish-language content.
  • cashcourse.org: This is a free student financial planning website.
  • mint.com: Offers a free tool to help students manage their money.

Consumer Protection Information

Loan Forgiveness and Repayment Options

Loan Programs

Federal Direct Subsidized and Unsubsidized Loans

Federal Direct Loan eligibility requirements differ between students considered independent for federal student aid purposes and students considered dependent for aid eligibility. Dependent students are defined as currently under the age of 24 and single with no dependents. They are not veterans of the U.S. armed services and are not orphans or wards of the court.

  • Independent students may borrow up to $12,500 per academic year under the Federal Direct Loan program.
  • Dependent students may borrow $7,500 under the Federal Direct Loan program. At that point, parents of these students are expected to seek PLUS loans on behalf of the student (see below). However, if a parent is denied a PLUS loan—usually because of financial problems or unemployment—the dependent student is then eligible to borrow up to the $12,500 maximum.

Most undergraduate Federal Direct loan borrowers qualify on a need basis to have the first $5,500 of their Federal Direct Loan considered as a subsidized loan. The federal government pays the interest on the borrower's behalf during the time the student is in school.

Any amounts that do not qualify for subsidized loan status become unsubsidized Federal Direct Loans. The borrower can pay the interest on these loans while in school or can choose to let the interest accumulate and add it to the amount borrowed at the beginning of repayment. 

Interest rates on Stafford loans are set each July 1st. A list of current interest rates can be found at www.studentloans.gov.  There are origination fees that the Department of Education takes out of your loan.  You can find information about them at:  https://studentaid.ed.gov/sa/types/loans/interest-rates.

Federal Parent PLUS Loan

This loan enables parents with good credit histories to borrow funds to pay the educational expenses of each child who is a dependent undergraduate student. The yearly limit on a PLUS loan is equal to the student's cost of education minus any other financial aid received.

Interest rates on PLUS loans are set each July 1st. A list of current interest rates can be found at www.studentloans.gov. A parent may borrow up to the cost of education minus any other financial aid you receive. There are no annual or aggregate borrowing limits set by the federal government. There is a credit check requirement for the Direct PLUS loan.  Direct PLUS loans have higher origination fees than Stafford loans.  For more information, visit https://studentaid.ed.gov/sa/types/loans/interest-rates.

Private Student Loans

Private educational loans are also available for students who wish to receive additional resources to cover the gap in funding or to replace federal loans. It is the responsibility of the student to seek out a lender and apply for a private student loan. Private loans require a credit check and may require a co-signer. We encourage students to pay attention to interest rates, fees and repayment terms as these may be different than federal student loans. More information on private student loans can be found at https://choice.fastproducts.org/FastChoice/home/2242500/1.

Entrance and Exit Counseling

You are required to complete an online entrance counseling session at www.studentloans.gov prior to receiving any federal loans.  We also strongly encourage you to complete entrance counseling for private loans at https://choice.fastproducts.org/FastChoice/home/2242500/1, but it is not required.  Exit counseling for federal loans is required within 30 days of your graduation date (either 30 days before or 30 days after).  This is also an online session completed at www.studentloans.gov.  There is no exit counseling required for private loans.  You may also, at any time, make an appointment with someone in the financial aid office to discuss either federal or private loans.

Work-Study Program

The University's work-study program offers a wide variety of on-campus and off-campus jobs. These jobs provide learning and earning opportunities to help students meet their living costs. There is also a small international student work-study program. Undergraduate students are eligible for consideration for both the federal and state (Washington residents) work-study programs. The average annual work study award is $1,800.

For additional information about the work-study program, please contact our Work Study Coordinator, Susan Farley, at  (425) 602-3081. Or email her at sfarley@bastyr.edu.

Special Programs

Undergraduate students should inquire into possible financial aid programs sponsored by fraternal organizations, clubs, etc., in their home area. Alaska residents should ask about the Alaska Student Loan Program. Private educational loans are available for undergraduate students with an eligible co-signer. The interest rates on private educational loans are variable with no cap. You will need to check with the lender for information on interest rates and repayment terms. Canadian citizens can borrow under both the Canadian federal and provincial loan programs.

 

Grants & Scholarships for Undergraduate Students

Undergraduate students have access to the full range of federal and state student aid programs. While loan limits are lower than those set for graduate students, the combination of grant programs and loans can provide a substantial level of support for eligible undergraduate students. Single undergraduate students, under the age of 24 and without dependents, are considered dependent students for the purpose of financial aid. Parental income and resources as well as student resources determine financial aid eligibility for these students.

Grant Programs

  • The Federal Pell Grant program provides grants for lower income students. The maximum grant amount for a full-time student for 2018-2019 is $6,095.
  • The Federal Supplemental Educational Opportunity Grant offers $500 to $2,500 for exceptionally needy students who are also eligible for Pell Grants.
  • The Washington State Need Grant program provides grants to students who are Washington state residents with incomes below a set percentage of the state's median income, as set annually by the Washington Student Achievement Council. The maximum award for a full-time student for 2018-2019 is $9,739.

 

Scholarship Programs

  • Bastyr University Honors at Entrance Scholarships for all incoming undergraduate students are based on need and lower-division academic performance, designed to bridge the cost-resource gap. Students do not need to submit an application to be considered. The awards range from $1500 to $7,000, which will be credited to the recipient's student account during the student's first three quarters (excluding summer)  and can be used for any school-related expense, including, but not limited to, tuition, fees, books, supplies, room and board, transportation and utilities. To see an estimate of school-related expenses, see our Cost of Attendance.
  • Licensed Massage Therapists Scholarship: Licensed Massage Therapists may apply for the LMT scholarship. This $1,500 scholarship is renewable based on academic performance. All applicants must meet the normal requirements for the degree program, provide proof of graduation from a massage school accredited by the Commission on Massage Training Accreditation, and proof of current licensure. This scholarship is renewable and is contingent upon funding. Please apply each year through the financial aid scholarship process to secure funding. Annual deadlines are announced each year in March via all student email.
  • Phi Theta Kappa Scholarship is awarded to all admitted undergraduate students who are members of Phi Theta Kappa. All applicants must meet the normal academic requirements for the degree program and provide proof of membership in Phi Theta Kappa. Students who are members of Phi Beta Kappa are also eligible for this scholarship. This scholarship is not renewable and is contingent on funding. Please apply each year prior to March 1st to secure funding.
  • AmeriCorps/PeaceCorps Scholarship is awarded to qualified AmeriCorps or PeaceCorps alumni in recognition of academic potential in the field of Natural Health. This scholarship will provide $1,500 towards Cost of Attendance for any AmeriCorps or PeaceCorps student who is admitted to Bastyr University through the regular admissions process and provides proof of service. This scholarship is not renewable and is contingent upon funding. Please apply each year prior to March 1st to secure funding.

 

Veterans Benefits

Bastyr University works with veterans to access their Veterans Education Benefits. The Department of Veterans Affairs website provides information about all VA Educational Benefits Programs. You may also contact Michael Hall, Assistant Registrar, in the Office of the Registrar at mhall@bastyr.edu to inquire about benefits specific to programs offered at Bastyr.

Prepare to Meet the Costs of Your Education

There are a number of things prospective students can do to help themselves prepare financially to meet their educational costs. These include:

  • Apply early! Grant availability is dependent on an early application. Bastyr's priority deadline is March 1 of each year. Be sure to have your FAFSA and your Bastyr Financial Aid application in by that date.
  • Credit history. Check credit reports at www.AnnualCreditReport.com and repair adverse credit history. Parent PLUS and private student lenders review credit.
  • Reduce consumer debt. The financial aid budget does not provide funds for students to carry substantial consumer debt. If you have credit card debt or other consumer obligations, you will do better financially if you are able to eliminate or reduce these obligations before you begin at Bastyr.
  • If at all possible, have some funding set aside for emergencies. If you have savings, work with the financial aid advising staff to determine how best to plan for the use of your funds in conjunction with available financial aid.
  • Plan for federal funding. Independent undergraduate students may borrow up to $57,500 over their lifetime in federal student loans. Dependent students have a lifetime maximum of $31,000. Students may receive up to 600% of a full-time Pell Grant award over their lifetime. State Need Grant recipients may receive 15 quarters of a full-time award. It is the student's responsibility to review program length and track borrowing and grant limits. Note that federal loan lifetime limits increase for graduate students.
  • The Federal Government has a new website to help students manage their money. The web address is mymoney.gov. You can also get a "My Money" tool kit that has helpful publications on savings, investing and protecting your money.
  • Check out our Outside Scholarship Search brochure to help identify possible outside scholarships that you may qualify to receive. Also check out our Online Resources page for good scholarship search websites.

Applying for Financial Aid

To apply for financial aid at Bastyr University, there are two applications that you must complete and submit.

NOTE: Our priority deadline is March 1st each year.

Submit the Bastyr Financial Aid Application and any additional documentation to:

  • Email (preferred method):  finaid@bastyr.edu 
  • Address: Office of Financial Aid - Bastyr University, 14500 Juanita Drive N.E., Kenmore, WA 98028
  • Drop-Off: Student Services Reception, room 249, or in drop-box located outside the door of room 249 if we are closed
  • Fax: 425.602.3094

Once you have been admitted to Bastyr, you will receive an individualized award letter. However, below are “typical” award letters for planning purposes. 

To request the status of your application, or for questions, please contact us.

 

Fund Your Undergraduate Degrees | Bastyr University