Financial Information for 2014-2015
Financial Aid. Walla Walla University assumes that each graduate student has the primary obligation for his/her educational costs. For students unable to meet this obligation while attending Walla Walla University, financial aid is available in the form of student employment, long-term loans, grants, and scholarships. Interest rates for long-term loans are low and repayment does not begin until after a student leaves a full-time graduate program. In order to receive maximum financial assistance, students should plan their finances for the entire academic school year several months prior to the first quarter of enrollment. Financial counselors are available to provide help in financial planning, applying for financial aid, and in developing plans for payment. The Federal Government now requires that the college have a copy of the baccalaureate transcript prior to disbursements of financial aid to graduate students. Adding or dropping a class on or before the tenth day of the quarter may affect a student’s Financial Aid package.
Federal Direct Loan Program. Graduate students may borrow up to $20,500 per year. Interest rate on the Federal Direct Loan is determined by the federal government each year. Principal repayment begins six months after the student ceases to be enrolled at least half-time. Loan origination and guarantee insurance fees are deducted from the loan amount before funds are issued to WWU. The student is responsible for the interest and may either make payments on the interest or have it added to the principal of the loan. Students receiving a Federal Direct Loan will need to complete a separate application form, the FAFSA (Free Application for Federal Student Aid) via the internet at: www.fafsa.ed.gov. Graduate students applying for financial aid must also complete a WWU Graduate Financial Aid Application at: www.sfs.wallawalla.edu/application. Students sign an on-line Master Promissory Note when they first borrow under this program. No further promissory note is required for any additional loans taken out during the next 10 years. Borrowers must also complete the Entrance Loan Counseling on-line.
Graduate Tuition. Graduate tuition is $570 per quarter hour.
Payment Plans. The University is not able to finance student accounts. However, several payment plans are available and may be arranged through the Student Financial Services.
Books and School Supplies. Textbooks, school supplies, and other class materials are available at the University Shop. Students should plan on approximately $550 for such purchases each quarter.
Student Insurance. All enrolled, tuition-paying graduate students on the College Place campus, Missoula or Billings sites or Rosario campus are covered by WWU’s Student Accident Insurance Policy, with a maximum coverage of $3,000 per incident. In addition, WWU graduate students taking 6 or more credit hours per quarter may purchase and be covered under the Student Health Insurance Plan. For questions regarding coverage, claims or a brochure outlining the benefits, please contact Campus Health Services at 509/527-2425. WWU requires all international students to have the above medical insurance coverage.
Personal Property Insurance. WWU is not responsible for loss of personal property. Students are encouraged to carry their own insurance for coverage of personal belongings.
Last update on July 28, 2014