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.

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.

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

The Financial Aid Office at Antioch University Santa Barbara provides a personal approach and help at every stage of the financial aid application process. We evaluate students’ eligibility for a wide variety of available student financial aid programs and make every effort to ensure that any student who is accepted can attend. We welcome you and look forward to helping you achieve your educational goals. If you ever have any questions, please don’t hesitate to contact us. Please allow 6 weeks before registration for processing, otherwise you will be asked for a minimum payment of 1/3 tuition at that time. Please don’t wait until you have been admitted to apply!

Important Notice: Beginning with the Summer Term for the 2010-2011 academic year, Antioch University will be using the Federal Direct Loan Program ONLY. Continuing Antioch University borrowers will be required to complete a new Master Promissory Note with Federal Direct Loans before any funds will be disbursed.

All Students New and Continuing MUST Complete:

1. Free Application for Federal Student Aid (FAFSA) 2010-2011
Be sure to include our school code (E00556) on your FAFSA. If you have questions about the FAFSA form, call the Department of Education at (800) 433-3243.

2. Financial Aid Request Form, 2010-2011

3. 2009 Federal Tax Return

Mail or fax a signed copy of your 2009 1040 (1040, 1040A, 1040EZ, 1040PC or Telefile) to our office. If you are Pell eligible (BA students only), you also need to submit a copy of your W2 form. A limited number of students may be selected for a process called verification. The Financial Aid Office will notify you if you have been selected and what additional materials may be requested.

4. Federal Direct Loan Master Promissory Note

5. First time Antioch Borrowers
First time Antioch Borrowers must complete the Direct Loan Entrance Counseling.

6. Admissions Application (New Students only)
Students must have submitted their Admission Application.

Cal Grant recipients (BA students only) will also need to provide a copy of their award letter (CAR) from the California Student Aid Commission.

Once we have received all of your required materials, you will be contacted to discuss your Financial Aid Award details.

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

Financial Aid Office
Antioch University Santa Barbara
801 Garden Street
Santa Barbara, CA 93101-1581

Board of Trustees Scholarship
Antioch University Santa Barbara has a strong commitment to assist students who plan for a future of service to their communities. The Board of Trustees Scholarship is awarded based on a student’s academic and service potential as well as financial need. It is a non-renewable award for incoming students, and the amount of the award varies.

Download application materials for the Board of Trustees scholarship.

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.

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.collageanswer.com
• 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.