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Tuition

Tuition 2008-2009

• BSOL: $505 per credit hour
• MSOL: $585 per credit hour
• MLFM: $585 per credit hour

Fees

• Matriculation fee (nonrefundable; charged to new students only) $45

Payment

• Tuition and fees must be paid in full by the third Friday of the Respective session
  
• Monthly payments may be arranged through the Business Office. Payments may be mailed to:
  
  Business Office
  Dominican University
  7900 W. Division
  River Forest, IL 60305

Financial Assistance

Loans

Dominican University participates in the Federal Perkins Loan and Federal Stafford Loan programs. Eligibility for these federal loans is based on a review of the Free Application for Federal Student Aid (FAFSA), which is available in the Financial Aid Office. Graduate students must be enrolled at least half-time to be eligible for federal loans.

The university also participates in the Federal Family Education Loan Program, which enables students enrolled at least half-time to borrow directly from private financial institutions.

Interest-subsidized Federal Stafford Loans up to the annual limit of $8,500 are available to graduate students who demonstrate need on the FAFSA. Repayment of principal and interest is deferred until after the borrower graduates or enrolls less than half-time.

Students who do not demonstrate need may borrow up to $8,500 annually under the unsubsidized Federal Stafford Loan Program. The variable interest rate is set each July. Students are required to pay interest on the loan while enrolled in classes. All graduate students may borrow an additional $10,000 annually under the unsubsidized Federal Stafford Loan Program. Therefore, Federal Stafford Loans for graduate students are limited to a maximum of $18,500 per year in any combination of subsidized and unsubsidized loans.

The Federal Perkins Loan Program provides low-interest loans to students who demonstrate need. Repayment, including five- percent interest on the unpaid balance, begins nine months after cessation of at least half-time study. Perkins Loans are available on a first-come, first-served basis.

Definitions of full-time and half time enrollments are important in determining both loan and deferment eligibility. To be considered full-time, a graduate student must be enrolled for nine credit hours per semester (three courses of three semester hours each). To be considered half-time, a student must be enrolled for at least one-half of the credit hours required for full-time attendance per semester (4.5 semester hours).

Applications for financial assistance of all types and information about interest rates and deferments for all loan programs are available from the financial aid office.

Additional Resources

The US Department of Education offers access through the World Wide Web to these federal publications:

The Student Guide: Financial Aid from the US Department of Education
http://www.studentaid.ed.gov/students/publications/student_guide/index.html.

The National Association of Student Financial Aid Administrators (NASFAA) sponsors FinAid, the Financial Aid Information Page, on the World Wide Web, http://www.finaid.org. The FinAid page is the most comprehensive free resource for student financial aid information on the Web. Features on the FinAid Page offerings include access to four databases of private sector scholarships, fellowships, grants and loans that you may search free of charge, several financial aid calculators, including those on loan repayment and estimated financial contribution, and a savings plan designer.

Students seeking off-campus employment are encouraged to visit the Dominican University e-Recruiting database at http://dominican.erecruiting.com.