PSP Tuition and Financial Aid

In the Professional Studies Program, we realize that working adults have many financial obligations to balance. That's why we keep tuition low and provide valuable assistance with financial aid.

Fees and Tuition for the Professional Studies Program for the 2014-15 Academic Year

 

General Education Courses

$ 800 per course

Prerequisite Courses

$1,200 per course

Core Courses

$1,800 per course

Concentration Courses

$1,800 per course

Full-Time Students    

A typical full-time PSP student takes 12 units per semester.

Financial Aid

The following financial aid programs are available to Professional Studies Program (PSP) students. Both grants (funds that do not need to be repaid) and loans (funds that need to be repaid) are available to those who qualify. Completion of the Free Application for Federal Student Aid (FAFSA) is required in order to be considered for financial aid.

Need-Based Grants

Federal Pell Grant

Individual awards depend upon enrollment status and Expected Family Contribution (EFC).

Cal Grants (A and B)

The California Student Aid Commission (CSAC) is the state agency that administers and awards the Cal Grants, which are a combination of need- and merit-based awards. California residents are required to file their FAFSA and GPA Verification Form before March 2nd in order to be considered for a Cal Grant for the subsequent academic year. CSAC notifies students of their eligibility or ineligibility, usually by the end of May. At least half-time enrollment (i.e., 6 units) is required to receive a Cal Grant. For students who have received a Cal Grant previously, please make sure that you contact CSAC at 1-888-CA-GRANTS to inform the agency that you will be attending Menlo College. CSAC will notify Menlo College if your Cal Grant can be renewed.

Federal Loans

The loans described here are government-supported, low-interest loans made through banks and other lending institutions. At least half-time enrollment (i.e., 6 units) is required in order to be eligible. For more detailed information please visit www.studentloans.gov.

Federal Direct Loans are available for eligible students. In addition to the Free Application for Federal Student Aid (FAFSA), students must complete a Master Promissory Note (MPN) to apply for these loans. There are two types of Stafford Loans available:

  • Subsidized Direct loans are need-based. The federal government pays the interest on the loan while you are in school, during the grace period before repayment begins, and during periods of approved deferment. Monthly payments begin six months after you graduate, drop below half-time, or withdraw from school. At least half-time enrollment is required.

  • Unsubsidized Direct loans may be taken out by all qualified students, regardless of their income or assets. You must meet the same requirements as those for subsidized Stafford loans, except you do not have to demonstrate financial need. Interest accrues from the time the loan is disbursed, and interest payments begin immediately but can be deferred. At least half-time enrollment is required.

There is a cap on the combined loan limits for subsidized and unsubsidized loans , depending upon a student's educational grade level and dependency status.

Parent PLUS loans enable parents or step-parents to borrow up to the total cost of attendance, minus any other aid their children may receive. PLUS loans are not based on a family's income or assets. These loans are always unsubsidized. Parents must go through a credit approval process to qualify. If a parent is not approved by a lender for the PLUS loan, the student may receive additional unsubsidized Stafford loans. At least half-time enrollment is required.

Employer Reimbursement

Students in the Professional Studies Program who are eligible for tuition assistance from their employer must submit a completed Deferred Payment Certification Form, available from the Finance Office.