Welcome to MU online!
The information provided here pertains to undergraduate students enrolling in Multnomah University’s online courses for the first time in Fall 2018 or Spring 2019.
You must be enrolled in at least half-time (6+ credits) to receive a Federal Stafford Loan. Priority consideration is given to students who are admitted and have a valid FAFSA on file by August 1.
FEDERAL FINANCIAL AID
|Type of Aid||Amount||Intended For||Details||Deadline|
|Federal Pell Grant||Up to $6,095||Students with high need according to FAFSA||FAFSA is required to determine Pell eligibility. Complete financial aid process as soon as possible.||ASAP|
|Supplemental Educational Opportunity Grant||Up to $500||Full-time students who are eligible for Pell Grant||FAFSA is required to determine FSEOG eligibility. Complete financial aid process as soon as possible.||ASAP|
|Federal Work-Study||$1,500||Students with need according to FAFSA||FAFSA is required to determine Federal Work Study eligibility. Earnings through work are paid directly to student; allows for more on- and off-campus job opportunities.||ASAP|
|Stafford Loans - Subsidized||Up to $5,500||Students enrolled at least half-time; restrictions apply||FAFSA required. No interest while enrolled at least half-time; based on need according to FAFSA.||ASAP|
|Stafford Loans - Unsubsidized||Up to $2,000||Students enrolled at least half-time||FAFSA required. Accrues interest at rate of 4.45%.||ASAP|
|Stafford Loans - Additional Unsubsidized||Up to $5,000||Students who are enrolled at least half-time; must be independent, or a dependent with parent denied PLUS||FAFSA required. Accrues interest at rate of 4.45%.||ASAP|
|Parent PLUS Loans||Varies||Dependent student whose parent is approved by a basic credit check||FAFSA and PLUS Loan Application required. To apply, complete the paper application or apply online. Amount varies based on student financial aid budget; accrues interest at rate of 7.0%; loan is taken by parent.||ASAP|
|Alternative Loans||Varies||Student who needs additional funds for school-related expenses||Amount varies based on credit; accrues interest at a variable rate set by lender.||ASAP|
|Veterans' Benefits||Varies||Veterans of the U.S. Armed Forces||Contact Financial Aid to coordinate funds.||ASAP|
2018-19 ONLINE TUITION & FEES
|Online College Courses||$465/credit|