Estimated Cost of Attendance (COA): The total amount (not including grants and scholarships) that it may cost you to go to school during the 2021-2022 school year. COA includes tuition and fees; housing and meals; and estimates for books, supplies, transportation, loan fees, and dependent care. It also includes miscellaneous and personal expenses, such as the rental or purchase of a personal computer; costs related to a disability; and reasonable costs for eligible study abroad programs. For students attending less than half-time, the COA includes tuition and fees; an estimate for books, supplies, and transportation; and dependent care expenses. Estimates are calculated using the California Student Aid Commission’s expense budget worksheet, which is based upon average expenses reported by students at the University of California, California State University, California independent institutions, and California Community Colleges.
Total Grants and Scholarships: Student aid funds that do not have to be repaid. Grants are often need-based, while scholarships are usually merit-based. Occasionally you might have to pay back part or all grant if, for example, you withdraw from school before finishing a semester.
Net Costs: An estimate of the actual costs that you or your family will need to pay during the 2021-2022 school year to cover education expenses at a particular school. Net costs are determined by taking the institution's cost of attendance and subtracting your grants and scholarships.
Work-Study: A federal student aid program that provides part-time employment while you are enrolled in school to help pay your education expenses.
Loans: Borrowed money that must be repaid with interest. Loans from the federal government typically have a lower interest rate than loans from private lenders.
Federal loans, listed from most advantageous to least advantageous, are called Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.
You can find more information about federal loans at StudentAid.gov.
Family Contribution (also referred to as Expected Family Contribution): A number used by a school to calculate how much financial aid you are eligible to receive, if any. It is based on the financial information you provided in your Free Application for Federal Student Aid (FAFSA). It is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. The family contribution is reported to you on your Student Aid Report, also known as the SAR.
Bank Processing Fees: The distribution amount on all loans will be slightly lower than the stated award amount due to mandatory bank processing fees.
1. I understand the aid awarded is for one academic year only and I must reapply annually by completing the required forms.
2. I must meet the eligibility requirements mandated by the institution and government, which include, but not limited to maintaining satisfactory academic progress as defined by American Jewish University.
3. I understand that the financial aid offer may be adjusted due to the changes in funding, Congressional changes, or other events unknown at this time.
4. I understand that the eligibility for this package is based on the information I provided, and I shall notify the financial aid office in writing of any changes in my or my family’s financial situation as well as any aid that I receive from outside resources (other than those shown on the award letter). This may result in an adjustment to my financial aid.
Disbursements: All loans and grants administered by American Jewish University will be directed applied to student’s account in two or three equal disbursements.
These programs include Direct Subsidized Loan, Direct Unsubsidized Loan, Federal Direct PLUS Loan for Parents, Federal Direct Graduate PLUS Loan and Alternative/Private Loans. If you have exhausted all other financial aid options (scholarships, grants, federal loans, etc.) and still need money for college, you may want to apply for an alternative/private loan. These loans are not guaranteed by the federal government and are generally based on your credit worthiness rather than financial need.
Goldstine and Chairmen fellowships are an investment by the lay leadership of the Ziegler School to lighten the financial load by shouldering some of your burden so you can devote yourself wholeheartedly to the path of becoming a rabbi. In accepting this fellowship, you commit to rabbinic training full of excellence, openness, and responsiveness.
Refund policy: I understand that if I withdraw, take a leave of absence, fail, or am dismissed, any refund due must be returned to the financial aid programs according to federal and school regulations.
Federal work study (FWS): Students are paid by check at the end of each month for the hours worked per week.