Types of Aid

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 2012-2013 the interest rate for undergraduates students is fixed at 3.4% for the subsidized loan and 6.8% for the unsubsidized loan.

Federal 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 and First Five.

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 2012-2013 for graduate students is fixed at 6.8% for unsubsidized loans.

Federal 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.