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Federal Financial Assistance

The Department of Education regulations require the disclosure of general information to help students and families make better-informed decisions about higher education.  This page acts as a guide to sources of consumer information, college policies and disclosures as required under the Higher Education Opportunity Act and other legislation.

Method of Disclosure – Consumer Information

The Global Health College Financial Aid Office provides information through various channels, including the Financial Aid Section of Global Health Colleges website, Populi website, e-mails and catalogs (electronic and print).  The Global FAO e-mails a variety of important information to the students primary e-mail address.  The FAO will use this as the primary means of contacting the students.  The FAO will utilize the main Web site to notify students of any targeted or general announcements.  Students may find other consumer information topics throughout the Global.edu Web site.

Availability of Department of Education Forms and Instructions

The Free Application for Federal Student Aid (FAFSA) is available online. The Global Health College Financial Aid Office does not have any paper versions of the FAFSA. If you need a paper application, please contact the Department of Education directly at 1-800-4-FED-AID (800-433-3243). If you are hearing-impaired and need assistance, contact the Department of Education TTY line at 1-800-730-8913. You may obtain a PIN via the Department of Education online.

How to Apply for Aid

Applying for Financial Aid doesn’t need to be stressful.   Follow these tips to get most out of your experience.

  • Read all correspondence that the Financial Aid Office sends to you and respond immediately to any requests.
  • Keep all of your personal information up to date.  This includes your legal name, address, and telephone numbers.  If you move, you can submit a “address change” to the college
  • Apply early, For priority consideration of limited need-based federal funding, the FAFSA application should be filed by the established priority deadlines of April 1 (Summer), August 1 (Fall), and December 1(Spring)
  • Maintain a “Financial Aid” file and keep track of your submitted documents.

If you have any questions regarding your financial aid, please contact the Financial Aid Office below:

Office of Financial Aid
6101 Stevenson Avenue
Alexandria, VA 22304
P: (703) 212-7410
F: (703) 212-7414
Email Renee Clark at cclark@global.edu

Getting Started

How to Determine Your Financial Aid Eligibility

Eligibility for Federal Student Aid is determined on the basis of financial need and several other factors.  An eligible applicant must

  • Be a U.S. Citizen or eligible non-citizen
  • Have a Valid Social Security Number
  • Register with Selective Service (males between the ages of 18-25 and born 1960 or after)
  • Not have been convicted under Federal or state law for possession of drugs while receiving federal financial aid
  • Be enrolled and working toward a degree or eligible certificate
  • Possess a high school diploma or a General Education Certificate (GED)
  • Maintain Satisfactory Academic Progress (SAP) while in school.  Read the SAP Policy in the school catalog

How to Apply for Financial Aid

You will need to Establish a Personal Identification Number (PIN) in order to complete and sign your Free Application for Student Aid and your Master Promissory Note.

Apply for your PIN at PIN.ED.GOV

Complete a Free Application For Student Aid (FAFSA)

For Priority consideration, your FAFSA must be received by the established priority deadlines of April 1(summer), August 1(Fall), and December 1(spring)

Global Health College school code is 041400

Once you receive notification that your FAFSA has been processed (normally 2 days after submission), please contact the Financial Aid Office at 703-212-7410 to set an appointment to complete the Financial Aid process.  During this appointment, you will complete your Master Promissory Note and Virtual Financial Aid Interview.

Procedures and Forms Required to Apply for Financial Aid

Any students wishing to apply for federal aid must complete the FAFSA.  Students may be asked to submit documentation such as tax returns, birth certificates, citizenship documentation, Social Security cards and/or other items needed to verify financial or dependency status.

Students who do not wish to submit requested documents will not receive a financial aid award.  Students who are required to provide additional documentation will be notified via email or telephone.  You will be provided a deadline date to submit all required documentation.  If the documentation is not received by the deadline date, your financial aid application will be cancelled and your name will be forwarded to the Finance Department to collect on all monies owed.

Title IV Verification Policy

The Department of Education requires Global Health College to collect documentation to support/verify data the student entered on the FAFSA form.  The collected documentation is reviewed and compared to the FAFSA data.  Any conflicting information must be resolved.

Students are either selected for verification by the Central Processing System (CPS) or there is a reason to question the information that was provided on the FAFSA form.

Cost of Attendance

Global Health College estimates the Cost of Attendance (COA) and provides students with projected educational costs.  The COA is used by the Financial Aid Office to determine your financial aid need and financial aid eligibility.

The COA consists of both direct(fixed) costs such as tuition and fees, as well as indirect costs(variable) costs including books, transportation, loan fees, personal expenses, and room and board.  Each students COA will vary  depending on their academic program, actual course load, and living situation.

Financial Aid that Global Health College Offers:

Pell Grant

The Pell Grant is a need based award that does not have to be repaid.  Award amounts vary depending on the student’s enrollment status and need level.

Federal Loans

Federal Student loans are government-backed, or guaranteed. They are low-cost, fixed rate loans that may be subsidized(depending on need) or unsubsidized (not need based).  Both loans begin repayment beginning 6 months after the students last date of attendance or when a student drops below ½ time.  The subsidized Stafford loan does not begin accruing interest until 6 months after the students last date of attendance or when the student drops below ½ time enrollment.  While the unsubsidized Stafford loan accrues interest as soon as the loans is fully disbursed.  Award amounts are based on grade year classifications and vary each year.

Students must be enrolled at least half-time to be eligible to receive a direct loan disbursement.

Half time status at Global Health College is enrolled in at least 6 credits

Global Health College participates with the Federal Direct Loan program.

Return of Title IV Policy

Financial Aid is awarded to students under the assumption that they will be enrolled for the entire semester.   If a student withdraws, drops, or stops participating in all classes prior to the term/semester end date, Global Health College’s Financial Aid office must determine if the student remained enrolled long enough to have earned all financial aid disbursed.  If not, the Financial Aid Office must calculate how much of the awarded financial aid can be retained.

For more information, please review the Return of Title IV policy in the catalog.

Annual Loan Limit for Direct Loan Subsidized and Subsidized

Dependent Undergraduate

Subsidized Unsubsidized Total Subsidized & Unsubsidized
First Year   $3500 $2000 $5000
Second Year   $4500 $2000 $6500
Third Year and Beyond  $5500 $2000 $7500

 

Independent Graduate      
   Subsidized Unsubsidized Total Subsidized & Unsubsidized
 First Year  $3500 $6000 $9500
 Second Year $4500 $6000 $10500
 Third Year and Beyond $5500 $6000 $12500

 

What are the interest rates for federal student loans?

The following table provides interest rates for each type of federal student loan.

Loan Interest Rates by Disbursement Dates

Loan Type First Disbursed on or after 7/01/2015
Direct Subsidized Stafford Loans (Undergraduate Students)  Fixed at 4.45%
Direct Unsubsidized Stafford Loans (Undergraduate and Graduate or Professional Students)  Fixed at 6.00%
Direct PLUS Loans (Parents and Graduate or Professional Students)  Fixed at 7.00% 

 

Note: The interest rates for federal student loans are determined by federal law. If there are future changes to federal law that affect federal student loan interest rates, we will update this page to reflect those changes.

Interest rates effective 7/1/2016

How is interest calculated?

The amount of interest that accrues (accumulates) on your loan from month to month is determined by a simple daily interest formula. This formula consists of multiplying your loan balance by the number of days since the last payment times the interest rate factor.

Simple daily interest formula:

 Outstanding principal balance
x number of days since last payment
x interest rate factor
= interest amount

 



Global Health College

6101 Stevenson Avenue
Alexandria, VA 22304
Phone: 703.212.7410
Toll Free: 866.440.3535
Fax: 703.212.7414

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