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Financial Aid


Quick Links:
Student Eligibility  |  Procedures & Forms  |  Cost of Attendance  |  Tuition Overview
Financial Aid Calculator (Main Campus, Los Angeles)  |  Financial Aid Calculator (Van Nuys Campus)
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Eligibility
Marian College, Marian Health Careers Center participates in the following Federal Financial Aid Programs:
  • Federal Pell Grants
  • Federal Direct Stafford Subsidized Loans
  • Federal Direct Stafford Unsubsidized Loans
  • Federal Direct Parent Loans for Undergraduate Students (PLUS)
To receive aid from any of the federal student aid programs offered at Marian College, Marian Health Careers Center, a student must meet all of the following criteria:
  • Demonstrate financial need, except for certain loan programs
  • Provide proof of completing at least U.S. high school or equivalent, or a General Educational Development (GED) ® certificate
  • Be enrolled or accepted for enrollment as a regular student in an eligible program
  • Be a U.S. citizen or eligible non-citizen
  • Have a valid social security number
  • Meet satisfactory academic progress standards set forth by the College
  • Certify that he or she will use federal student aid funds only for educational purposes
  • Certify that he or she is not in default on a federal student loan and does not owe money on a federal student grant
  • Register with Selective Service, if required
  • If the applicant is male, 18 through 25 years of age and have not yet registered with Selective Service, he can give the Selective Service permission to register him by checking a box on the FAFSA.
  • Submit all documentation required throughout the enrollment period
The law suspends aid eligibility for students convicted under federal or state law of sale or possession of illegal drugs. The period of ineligibility for each student continues until the eligibility date arrives or the student completes an acceptable drug rehabilitation program.

If you have a conviction or convictions for these offenses, call 1-800-4-FED-AID (1-800-433-3243) to find out how, or if, this law applies to you. If a student leaves the question on drug convictions in the FAFSA blank, he or she will automatically become ineligible for federal student aid.



Procedures and Forms for Financial Aid Application
The first step in applying for financial aid is to fill up the Free Application for Federal Student Aid (FAFSA)and submitting it to the Financial Aid Office. An electronic FAFSA may also be filed at www.fafsa.ed.gov. This application will be processed by the U.S. Department of Education and the students will be notified of their eligibility for financial aid programs in the Student Aid Report (SAR).

Additional documents may be requested to complete processing of the aid request. Notification of these additional documents are sent to students through a Missing Document Letter. Additional information may include, but is not limited to, the following:
  • Proof of citizenship or permanent resident status
  • Proof of Selective Service registration
  • Marriage Certificate
  • Verification Form (independent and dependent students)
  • Tax Returns (student and parent or spouse)
  • Statement of non-tax filer (student and parent of spouse)
  • Student Aid Report (SAR)
  • Admission Status
  • Student Certifications
  • Employment Verification
  • Verification of marital status
The Federal Privacy Act of 1974 requires that students be notified that the disclosure of his or her social security number is mandatory. The social security number is used to verify students' identities, to process the awarding and collection of funds, and the tracing of individuals who have borrowed funds from federal, state, or private programs. Students receive notice of financial aid via an award letter. Students are required to accept or decline each award by signing on the award letter (blank responses are considered acceptances).

Before a first disbursement may be made to a first-time Direct Loan Subsidized/Unsubsidized borrower, the student take the Direct Loan Entrance Counseling at the Direct Loan Website, www.dl.ed.gov. After completing the Direct Loan Entrance Counseling session on line, the student must print his or her test results and submit it to the Financial Aid Office.

Upon termination or graduation, the student must complete the Direct Loan Exit Counseling Session online through the Direct Loan Website, www.dl.ed.gov.

Financial aid funds are paid co-payable to the student and the College. Students must sign their checks for proper credit to their account. Financial aid funds are awarded to pay for tuition and other institutional charges. If all of these charges have been paid, any excess is paid out to the student.

Financial Need
A student must have financial need to receive all federal financial aid funds except for unsubsidized Stafford loans and PLUS.

Financial need is defined as the difference between the student's cost of attendance (COA) and the family's ability to pay these costs, the expected family contribution (EFC). For the Stafford loan programs, other aid received by the student including estimated financial assistance is also subtracted from the cost of attendance to determine financial need.



Cost of Attendance
The components of the cost of attendance (COA) are the same for all federal financial aid programs, as specified in the law. However, in the case of programs of study or enrollment periods that are less than or greater than the School's academic year, the cost for purposes of loans differs from the cost of the Pell Grant Program.

Pell costs are always prorated to the costs for a full-time student for a full academic year, but the cost of attendance for the other programs is based on the student's actual cost for the period for which need is being analyzed.

A student's cost of attendance, based on the annual budgets published by the California Student Aid Commission, is generally the sum of the following:
  • Tuition and Fees
  • Books, Supplies, Transportation, Miscellaneous Personal Expenses
  • Room and Board
  • Cost of Dependent Care
  • Expenses Related to Student's Disability - includes special services, personal assistance, transportation, equipment, and supplies.
  • Loan Fees
Expected Family Contribution
The Expected Family Contribution (EFC) is a measure of how much the student and his or her family can be expected to contribute to the cost of the student's education. All data used to calculate the EFC come from the information the student provides on the Free Application for Federal Student Aid (FAFSA).

The Central Processing Center of the U.S. Department of Education analyzes the information from the FAFSA and calculates the EFC. The EFC formula also takes into account the family's expenses relative to the number of persons in the household and how many of them will be attending college during the award year.

Rights and Responsibilities of Students on Financial Aid

Students have the right to know the:
  • Financial aid programs available at Marian College, Marian Health Careers Center.
  • Application process which must be followed to be considered for aid.
  • Criteria used to select recipients and calculate need.
  • Marian College, Marian Health Careers Center refund and repayment policy.
  • Financial Aid Office policies surrounding satisfactory academic progress.
Students are responsible for:
  • Completing all forms accurately and by the published deadlines.
  • Submitting information requested by Financial Aid Office staff in a timely manner.
  • Keeping the Financial Aid Office informed of any changes in address, name, marital status, financial situation, or any change in student status.
  • Reporting to the Financial Aid Office any additional assistance from sources such as scholarships, loans, fellowships, and educational benefits outside of Marian College, Marian Health Careers Center.
  • Notifying the Financial Aid Office of a change in enrollment status.


Important links for Federal Student Aid

Student Guide
http://studentaid.ed.gov/students/publications/student_guide/index.html

Direct Loan Basics for Students PDF [includes correction to print version]
Explains subsidized and unsubsidized Direct Stafford loans for students.
http://www2.ed.gov/offices/OSFAP/DirectLoan/pubs/studentbasics.pdf

Direct Loan Basics for Parents PDF Explains Direct PLUS loans for parents.
http://www2.ed.gov/offices/OSFAP/DirectLoan/pubs/parentbasics.pdf


ERLINK - http://www2.ed.gov/offices/OSFAP/DirectLoan/pubs/parentbasicsspanish.pd

Spanish version PDF [3MB]
http://www2.ed.gov/offices/OSFAP/DirectLoan/pubs/parentbasicsspanish.pdf

FAFSA: Free Application for Federal Student Aid

FAFSA on the Web
http://www.fafsa.ed.gov/

2013-14 FAFSA English PDF
http://www.fafsa.ed.gov/fotw1314/pdf/PdfFafsa13-14.pdf

2013-14 FAFSA Spanish PDF
http://ifap.ed.gov/eannouncements/attachments/20132014FAFSASpanish.pdf

2013-14 Student Aid Eligibility Drug Conviction worksheet for question 23 English
http://ifap.ed.gov/eannouncements/attachments/StudentAidEligibilityW orksheetEng1314.pdf

2013-14 Student aid eligibility Drug Conviction worksheet for question 23 Spanish
http://ifap.ed.gov/eannouncements/attachments/StudentAidEligibilityW orksheetSp1314.pdf

2013-14 Pell full time payment schedule http://ifap.ed.gov/dpcletters/attachments/201314PellGrantPaymentandDisbursementSchedules.pdf

Direct Loan Links

General information
General and important information to the student about the Federal Direct Loan can be found at the following URL
http://studentaid.ed.gov/types/loans
http://www2.ed.gov/offices/OSFAP/DirectLoan/index.html

Federal Direct Loan Promissory Note
Information about the Federal Direct Loan promissory note may be located at the following URL

http://www2.ed.gov/offices/OSFAP/DirectLoan/mpn.html

Federal Direct Loan Entrance and Exit Interviews
All student borrowers are required to complete an entrance interview before a first loan disbursement is made and an exit interview prior to leaving the school.

https://studentloans.gov/myDirectLoan/index.action

For More Information on Direct Loans

https://studentloans.gov/myDirectLoan/index.action available in English and Spanish