Antioch considers several factors for financial aid eligibility. To qualify, you must:

• Demonstrate financial need (except for certain loans).
• Be enrolled at least half time in a degree or certificate program.
• Be a U.S. citizen or eligible non-citizen.
• Have a valid Social Security Number (unless you're from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau)
• Register with the Selective Service if required. You can register at www.sss.gov, or you can call 1-847-688-6888.
• Maintain satisfactory academic progress once in school.
• Certify that you are not in default on a federal student loan and do not owe money on a federal student grant.
• Certify that you will use federal student aid only for educational purposes.

Failure to meet eligibility requirements usually results in drastic alteration of Financial Aid awards and possible requirement to refund a Financial Aid award.

Undergraduate Financial Aid:

Federal Pell Grant
Federal grant that need not be repaid (for Undergraduate students only); based on financial need.

Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal grant that need not be repaid (for Undergraduate students only); based on financial need.

Cal Grant
State grant that need not be repaid (for Undergraduate students only); based on financial need and grade point average. Cal Grant recipients will also need to provide a copy of their award letter (CAR) from the California Student Aid Commission.

Federal Work-Study Program (FWSP)
The Federal Work-Study program is a campus-based aid program, providing job opportunities on campus, for students who have established financial need through the submission of the FAFSA. Students must be enrolled at least half-time and maintain satisfactory academic progress.

Federal Perkins Loan
Low interest loan with delayed payback; based on financial need.

Federal Direct Loans
The interest rate is fixed each year. In 2010-2011 the interest rate for undergraduates students is fixed at 4.5% for the subsidized loan and 6.8% for the unsubsidized loan.

Parent PLUS loan
Parents of dependent students may apply for a Parent Plus loan, limited to the cost of attendance minus other financial aid received. Plus loans have an interest rate of 7.9%. Plus loan borrowers cannot have an adverse credit history (a credit check will be done). If you have an adverse credit history, you may still receive a Direct Plus loan is you obtain an endorser (someone who agrees to repay the loan if you do not). If you are a parent borrowing on behalf your dependent student, the endorser may not be the student on whose behalf the parent is applying for the loan.

Scholarships
Several AUSB institutional scholarships as well as external scholarship programs are available. Please click on the Scholarship tab for additional information.

Matching Grants
Antioch University Santa Barbara participates in several matching grant programs including, AmeriCorps, First Five, and the Yellow Ribbon program for Veterans.

Graduate Financial Aid:

Federal Work-Study Program (FWSP)
The Federal Work-Study program is a campus-based aid program, providing job opportunities on campus, for students who have established financial need through the submission of the FAFSA. Students must be enrolled at least half-time and maintain satisfactory academic progress.

Federal Perkins Loan
Low interest loan with delayed payback; based on financial need.

Federal Direct Loans
The interest rate in 2010-2011 for graduate students is fixed at 6.8% for both subsidized and unsubsidized loans.

Grad PLUS Loan
A Grad PLUS loan is an unsubsidized loan for graduate/professional students, limited to the cost of attendance minus other financial aid received. Plus loans have an interest rate of 7.9%. Plus loan borrowers cannot have an adverse credit history (a credit check will be done). If you have an adverse credit history, you may still receive a Direct Plus loan is you obtain an endorser (someone who agrees to repay the loan if you do not). In some cases, you may be able to obtain a Direct Plus loan if you document that there are extenuating circumstances related to your adverse credit history.

Scholarships
Several AUSB institutional scholarships as well as external scholarship programs are available. Please click on the Scholarship tab for additional information.

Matching Grants
Antioch University Santa Barbara participates in several matching grant programs including, AmeriCorps and First Five.

Financial Aid can be confusing – we urge you to contact the Office of Financial Aid so that we can help explain your options.

If you are applying for the Summer 2012, Fall 2012, Winter 2013 or Spring 2013 quarter, use the 2012-2013 Financial Aid Application Checklist below.

Financial Aid Application Checklist, 2011—2012

Before completing the checklist below, click here for general information on loans and determining your loan amount.

All Students New and Continuing MUST Complete:
1. Free Application for Federal Student Aid (FAFSA) 2011-2012
Be sure to include our school code (E00556) on your FAFSA.

2. Financial Aid Request Form 2011-12  [PDF]
This form must be completed to request any student financial aid including loans and work study. Mail or fax to our office.

3. A limited number of students may be selected for a process called verification. Those selected will need to submit the Verification Worksheet 2012-2013 as well as 2011 Income Tax returns. The Financial Aid Office will notify you if you have been selected.

First time Antioch University borrowers must complete the following two items:
1. Direct Loan Entrance Counseling.
2. Federal Direct Loan Master Promissory Note.

In most instances, students applying for loans only can complete the above application process 6 weeks prior to registration. Certain types of aid (Federal Work Study and Perkins loans, for example) are awarded on a first come, first serve basis.

Financial Aid applicants are awarded the maximum amount of their eligibility and will receive an Award Letter within 4-6 weeks after their file is complete showing the amount of their anticipated aid. This Award Letter must be signed and returned to the Financial Aid Office.

Priority Deadlines
Summer 2011 Quarter    April 15, 2011
Fall 2011 Quarter            Aug. 15, 2011
Winter 2012 Quarter       Nov. 15, 2011
Spring 2012 Quarter       Feb. 15, 2012

Financial Aid Requests will continue to be processed after the priority deadline, however certain types of aid (Federal Work Study and Perkins loans, for example) are awarded on a first come, first serve basis.

Items may be faxed to our attention at 805.962.4786 or mailed to the address below:

Antioch University Santa Barbara
Office of Financial Aid
602 Anacapa Street
Santa Barbara, CA  93101

Please contact us at 805.962.8179 x 5300 or by email at financialaid.ausb@antioch.edu if you have any questions

Financial Aid Application Checklist, 2012—2013

Before completing the checklist below, click here for general information on loans and determining your loan amount.

All Students New and Continuing MUST Complete:
1. Free Application for Federal Student Aid (FAFSA) 2011-2012
Be sure to include our school code (E00556) on your FAFSA.

Starting with the 2012-2013 FAFSA, there have been some changes. When filling out your 2012-13 FAFSA online at www.fafsa.ed.gov , students and parents of dependent students who indicate they filed federal income tax returns, are encouraged and advised to retrieve their IRS income data to populate the appropriate FAFSA field. The Department of Education has stated that if applicants choose not to use the IRS data retrieval process, before being allowed to proceed with completing the application, they will be informed that:

• Your application may be selected for verification
• If selected for verification, you will be asked to provide documentation obtained from the IRS – an IRS tax transcript will be required.

We advise students to first file their 2011 income tax returns and then wait two weeks before filing their 2012-13 FAFSA if they file their taxes electronically. If students file their tax return by paper, they should wait 6 to 8 weeks to file their FAFSA using the IRS data retrieval process.

Applicants who chose not to use the FAFSA –IRS Data Retrieval process, or who retrieve IRS data but subsequently change it, will be informed that they will need to explain to the financial aid office why information they provided is more accurate than the information that would have been obtained directly from the IRS and they may need to provide additional documentation.

2. Financial Aid Request Form 2012-13  [PDF]
This form must be completed to request any student financial aid including loans and work study. Mail or fax to our office.

3. A limited number of students may be selected for a process called verification. Those selected will need to submit the Verification Worksheet 2012-2013 as well as 2011 Income Tax returns. The Financial Aid Office will notify you if you have been selected.

First time Antioch University borrowers must complete the following two items:
1. Direct Loan Entrance Counseling.
2. Federal Direct Loan Master Promissory Note.

In most instances, students applying for loans only can complete the above application process 6 weeks prior to registration. Certain types of aid (Federal Work Study and Perkins loans, for example) are awarded on a first come, first serve basis.

Financial Aid applicants are awarded the maximum amount of their eligibility and will receive an Award Letter within 4-6 weeks after their file is complete showing the amount of their anticipated aid. This Award Letter must be signed and returned to the Financial Aid Office.

Priority Deadlines
Summer 2012 Quarter    April 15, 2012
Fall 2012 Quarter            Aug. 15, 2012
Winter 2013 Quarter       Nov. 15, 2012
Spring 2013 Quarter       Feb. 15, 2013

Financial Aid Requests will continue to be processed after the priority deadline, however certain types of aid (Federal Work Study and Perkins loans, for example) are awarded on a first come, first serve basis.

Items may be faxed to our attention at 805.962.4786 or mailed to the address below:

Antioch University Santa Barbara
Office of Financial Aid
602 Anacapa Street
Santa Barbara, CA  93101

Please contact us at 805.962.8179 x 5300 or by email at financialaid.ausb@antioch.edu if you have any questions

Federal Direct Loan Programs

Antioch University is approved to award Federal Direct Loan Programs. These include Subsidized and Unsubsidized loans for students in both undergraduate and graduate programs. We also participate in the Federal PLUS Loan program for parents with students enrolled in an undergraduate program (Parent PLUS Program) and for graduate students (Grad PLUS Program.) For more detailed information about these loan programs, you should go to the Department of Education’s website, https://studentloans.gov/ .

Undergraduate Loans

Federal Direct Loans
The interest rate is fixed each year. In 2010-2011 the interest rate for undergraduates students is fixed at 4.5% for the subsidized loan and 6.8% for the unsubsidized loan.

Parent PLUS loan
Parents of dependent students may apply for a Parent Plus loan, limited to the cost of attendance minus other financial aid received. Plus loans have an interest rate of 7.9%. Plus loan borrowers cannot have an adverse credit history (a credit check will be done). If you have an adverse credit history, you may still receive a Direct Plus loan is you obtain an endorser (someone who agrees to repay the loan if you do not). If you are a parent borrowing on behalf your dependent student, the endorser may not be the student on whose behalf the parent is applying for the loan.

Graduate Loans

Federal Direct Loans
The interest rate in 2010-2011 for graduate students is fixed at 6.8% for both subsidized and unsubsidized loans.

Grad PLUS Loan
A Grad PLUS loan is an unsubsidized loan for graduate/professional students, limited to the cost of attendance minus other financial aid received. Plus loans have an interest rate of 7.9%. Plus loan borrowers cannot have an adverse credit history (a credit check will be done). If you have an adverse credit history, you may still receive a Direct Plus loan is you obtain an endorser (someone who agrees to repay the loan if you do not). In some cases, you may be able to obtain a Direct Plus loan if you document that there are extenuating circumstances related to your adverse credit history.

How to Apply

First time Antioch University borrowers must complete Entranced Counseling and sign a Master Promissory Note (MPN) online. These items are required for both the Subsidized and Unsubsidized Direct Loans and Grad PLUS Loan

To complete your Entrance Counseling

Go to https://studentloans.gov and login using the pin number you used to electronically sign your FAFSA. Select “Complete Entrance Counseling” and continue. When you have completed the quiz, print out the completed Counseling Verification Page and submit it to the Financial Aid office at AUSB.

To complete your Complete Master Promissory Note (MPN)

Go to https://studentloans.gov and login using the pin number you used to electronically sign your FAFSA. Select “Complete Master Promissory Note” and then click on Subsidized/Unsubsidized. Follow the instructions and print the MPN to keep for your record. Note:, if you are a graduate student and whish to take out a Grad PLUS Loan, you will need to complete both the Request PLUS loan and the PLUS Loan Master Promissory Note (MPN). See below for additional information about applying or a PLUS Loan.

PLUS Loans

To apply for a PLUS loan, go to https://studentloans.gov and complete the Request PLUS Loan form regardless of whether you have already filled out the PLUS Loan MPN. The Request PLUS Loan is a 4-step process required to initiate a credit check for the PLUS loan. Login using your Federal Student Aid PIN (the number you used to electronically sign your FAFSA.) The four steps are:

1. Personal Information (if the borrower has a previous loan, many data fields will be pre-populated.)
2. Student and Loan Information
3. Review Application
4. Credit Check and Submit

In addition to providing basic demographic information and completing a credit check, the Request PLUS Loan allows for borrower to provide certain information to the school including:

• Credit Balance Option – Parent PLUS borrowers can indicate whether the want any remaining credit balance to be paid to the parent or to the student.
• Award Amount Information – Borrowers can request a specific amount they wish to borrow, or can request the school determine the maximum amount they are eligible to receive by selecting the Maximum Amount Indicator

You will receive the results of a borrower-initiated credit check immediately while you are online. I f approved, you will be advised to completer a PLUS Loan MPN (unless one is already on file.) If you are not approved, you will be asked how you want to proceed, such as not pursuing a PLUS Loan, obtaining an endorser (co-signer), or appealing the credit decision.

Students who wish to take out a PLUS Loan and have already completed the PLUS loan MPN, must still complete the Request PLUS Loan form to apply for a PLUS Loan.

Direct PLUS Loan borrowers with credit appeals or endorser questions can also call the US Department of Education at 800.557.7394.

David “Bud” Menkin Scholarship

The David “Bud” Menkin Scholarship has been established to honor and continue Mr. Menkin’s business legacy of motivating men and women to implement practices that promoted socially responsible and humanistic management. It is a non-renewable award for incoming and continuing students in the BA program with a business concentration.
Download application materials for the David "Bud" Menkin scholarship.

National and regional scholarships available to both undergraduate and graduate students. The web is your best resource for finding additional scholarship opportunities.

Private scholarships are offered by many organizations, including government, businesses, and private non-profits. They may be based on academic achievements, hobbies, talents, organizational affiliations, and career aspirations.

Here are a few websites to start your process:

• www.fastweb.com
• www.salliemae.com/scholarships
• www.finaid.org

A thorough online scholarship search can be successful if you start early, keep organized and search diligently.

AUSB has also compiled an extensive directory of private scholarships. Click here to download the AUSB Scholarship Directory.

Please contact the Office of Financial Aid with any questions at (805) 962-8179.

Glossary of Financial Aid Terms

Accrued interest
Interest calculated on the unpaid principal payable by the borrower or federal government.

Amortization
The gradual reduction of a loan debt by periodic installment (i.e. monthly) payments of principal and interest.

Cancellation
Discharge of a portion or the total loan.

Compounded interest
Unpaid interest added to the principal of a loan, increasing both the loan principal and monthly payments.

Cost of Attendance
The overall cost of attending Antioch including direct expenses (tuition and fees) and indirect expenses such as living expenses. The amount includes tuition, fees, books, transportation expenses, personal expenses and room and board. The fiscal year runs from July 1 to June 30 each year.

Default
Failure to meet the terms and conditions of your loan's promissory note. A default becomes part of your permanent credit record.

Deferment
An approved postponement of payment for a specified period to which the borrower is entitled.

Delinquent
Failure to make an installment payment when due, or to meet other terms of the Promissory Note.

Direct Subsidized Federal Loan
A federal loan awarded on the basis of need.  While you are attending school and during your six-month grace period, the federal government pays the interest for you.

Direct Unsubsidized Federal Loan
Financial need is not required to borrow an unsubsidized loan. Interest starts accruing as soon as disbursements are made. You may pay the interest as it accrues or delay paying it until your repayment begins. The interest will be added to your loan principal in you do not choose to pay it as it accrues.

Disbursement
Loan proceeds issued by the lender.

EFC (expected family contribution)
Derived from a formula used to evaluate your family's resources. The formula takes several variables into account including which version of the 1040 you file, your age, marital status, number of dependents, income, and assets. This information is collected on the FAFSA and reported on the SAR (Student Aid Report).

FAFSA (Free Application for Federal Student Aid)
The form which collects information to determine eligibility for federal student aid.

Forbearance
Agreement between the lender and the borrower to permit the temporary cessation of principal payments or to accept lower payments than those required in the terms of repayment.

Federal Work Study (FWS)
A Federal Title IV Program which allows students to earn funds based on eligibility.

Grace period
A period of time during which no payment is required.

Grant
Gift aid which does not have to be repaid.

Guarantee agency
A state or private non-profit entity that administers a student loan insurance program, i.e. NHHEAF or VSAC.

Insurance fee
A fee deducted from the principal which is sent to a guarantee agency or the government to offset processing costs.

Principal
The gross amount of the loan you borrow, and the amount upon which interest will be charged.

Promissory note
A legally binding contract setting both the terms and conditions under which you promise to repay your loan.

Repayment schedule
The schedule which sets your monthly payment amount (principal and interest) and the length of time allowed to repay your loan.

Servicer
An entity contracted to administer and collect your loan for the lender.

Student Aid Report (SAR)
The form which reports back to you the data you provided on the FAFSA and which calculates your EFC.