Financial Aid: 8475864503 Business Office: 8777013800 Date: 4/20/2019 Kaitlyn Abrahams Student ID: 28116057 Bachelor of Science in Criminal Justice 18 Rights and Responsibilities Direct Subsidized Stafford Loan $4,455.00* Direct Unsubsidized Stafford Loan $1,979.00* Direct PLUS Loan $7,254.00* Institutional Costs for the Academic Year 5/1/2019 12/10/2019 $13,688.00 Expenses based on your expected enrollment status for the academic year: Tuition and fees $13,688.00 Estimated Grant and Scholarship “GIFT” Aid $0.00 Based on the information you provided on your FAFSA you do not qualify for grants or scholarships. To learn more about federal, state and/ or institutional gift aid, please contact your Financial Aid Representative. Remaining Academic Year Institutional Costs $13,688.00 Academic year institutional costs minus estimated gift aid: $13,688.00 Estimated Sources To Pay Remaining Costs $13,688.00 Federal Direct Loans: Disbursement 1 on 5/20/2019 for $1,485.00 Disbursement 2 on 8/5/2019 for $1,485.00 Disbursement 3 on 10/14/2019 for $1,485.00 Disbursement 1 on 5/20/2019 for $660.00 Disbursement 2 on 8/5/2019 for $660.00 Disbursement 3 on 10/14/2019 for $659.00 Disbursement 1 on 5/20/2019 for $2,418.00 Disbursement 2 on 8/5/2019 for $2,418.00 Disbursement 3 on 10/14/2019 for $2,418.00 *The net amounts shown are based on the amounts you requested. To learn more about your Loan options contact your Financial Aid Representative. $ 15.6% Comparable Institution Average % Median Borrowing Students who complete Bachelor of Science in Criminal Justice 18 typically borrow $40,777.00 in Federal Stafford loans. Based on a 5.05% interest rate, the federal loan payment over 10 years is approximately $433.50/mo. Aggregate Limit A student’s eligibility to borrow from the Federal Direct loan program is capped at the aggregate loan limit set by the Department of Education. It is important to monitor your borrowing in relationship to your limits. Federal Aggregate Limits Combined Subsidized and Unsubsidized Subsidized Stafford Dependent Undergraduate Independent Undergraduate $31,000.00 $57,500.00 $23,000.00 Your Loans Total Loans $0.00 $0.00 Your loan totals above include previous loans borrowed as of 4/23/2018. For a current aggregate amount; any loans scheduled to be disbursed at our institution after 4/23/2018 (including the amounts shown on this letter) should be added to that figure. If you would like to reduce or cancel your loan amounts, please contact the Financial Aid Office. Upon your loan disbursements, you will also receive notification of your right to cancel or reduce your loans. These figures are estimates based on the information we have available. For more detailed information be sure to view your borrowing history using the NSLDS link below. Student Loan Default Rate for 2015 Percentage of borrowers who entered repayment and then defaulted on their loan within three years. 19.8% AIU ONLINE Average Is Borrowing Right for You? It’s important for loan borrowers to fully understand their rights, responsibilities and financial obligations. To learn more about borrowing and repayment choic Loan Repayment Options:
Is Borrowing Right for You?
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- Fall '19
- Debt, Federal Stafford Loans