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Financial Aid: Frequently Asked Questions
General
Yes. Living expenses are included in the Cost of Attendance calculation. You can borrow up to the Cost of Attendance.
All correspondence from the Office of Financial Aid will be sent to the student. If the parent or spouse of a student wants to recieve information about a student's financial aid package, it is the student's responsibility to forward that information to the appropriate parties.
For new students, who do not have access to the University network and a University email account, the office communicates via the email listed on the FAFSA (when available), paper and the postal service. For students who have network access and a University email account, the office communicates via email notifications and the Self-Serve Portal. It is important for students to check their University email account regularly - even over the summer and breaks - to be sure they recieve correspondence from the Office of Financial Aid.
All paper letters will be mailed to the permenant address in the University database for the student. It is important for you to update your address with the registrar's office to ensure correspondence is sent to the correct address.
There are many times throughout the academic year when information and announcements are sent through the Announcements Portal. All students with a UP email account have access to the Announcements Portal. It is the student's responsibility to check for financial aid information and announcements. The Office of Financial Aid attempts to communicate in multiple methods to students, however, some information will be sent only via email and some only via the US Postal Service.
Health Insurance
Contact the Office of Student Accounts for more information.
Loans
Federal loans disbursed after July 1, 2013, will be capped at: Federal loans disbursed after March 1, 2013, will have origination fees capped at: In most circumstances, yes. There is a good deal of flexibility in reinstating and declining the entire loan or portions of it. However, Nursing and Perkins loans have limited funding. If you decline one of these loans, the funds may be awarded to another student, making them unavailable to you. No. Only new borrowers will need to sign an MPN. Stafford and PLUS loan MPNs are good for up to 10 years. The exception to this is PLUS borrowers who use an endorser on the PLUS application will need to sign a new MPN every year.
Loan entrance counseling is required by federal regulations for all first-time borrowers at a school. The session gives an overview of the Federal loan program, discussing the types of loans, interest rates, borrower rights and responsibilities, etc.
Additionally, you will receive a Disclosure Statement from the Federal Direct Loan Program for each new loan. This statement provides comprehensive information about the loan type, the amount, loan period and expected disbursements. You can notify the Office of Financial Aid and complete a Direct Loan Confirmation form requesting additional loan funds based on the higher grade level. You will not need to sign another MPN for the increased amount. When the loan is processed it will credit your student account. You are not required to borrow Stafford or PLUS loans. However, if you wish to utilize these loans, the Direct Loan program is the only federal loan option available to students at the University of Portland. Per federal regulations, the only way to receive federal loan funds is to borrow directly from the US Department of Education.
All reinstatement requests must be made by the loan holder in writing.
Loan exit counseling is required when borrowers graduate or leaves college to make sure that you understand your rights and responsibilities as a borrower.
Satisfactory Academic Progress (SAP)
Financial aid recipients are required to maintain the following standards of Satisfactory Academic Progress: Financial Aid Suspension occurs when a student who is currently on Financial Aid Warning fails to meet Satisfactory Academic Progress requirements for a second consecutive semester. All financial aid is suspended. This includes all federal, state, and institutional aid including tuition remission and tuition exchange, and most outside scholarships. Financial Aid Suspension can also occur as a result of a student who is placed on disciplinary probation at the discretion of the Vice-President of Student Services or the student faculty court. The probationary student can lose all or part of the aid the student has been given from the date such action is taken. In such instances, the student will be required to make arrangements immediately with the director of the Office of Student Accounts for payment of any balance due the university. Students placed on Financial Aid Suspension status and denied financial aid have the right to appeal their status to the Director of Financial Aid. To appeal you must submit a written petition to the Director of Financial Aid within three weeks of the date of the suspension notification. The petition should include: Students who successfully appeal their suspension status may have their aid reinstated for one semester. During this probationary semester, students must meet all satisfactory academic progress requirements or follow their approved education plan in order to continue to receive aid beyond the probationary semester.
Scholarships
While your initial merit award will not increase if you do well at UP, you may be offered one of our privately-funded endowed and annual scholarships if you are successful academically. You may also be eligible for more private scholarships. Private scholarships are used to fill unmet need first. Then they are used to replace work study and loans. If you have been awarded an outside scholarship, please use the to report it to the Office of Financial Aid. Bring it to the Office of Financial Aid. If the check was made out directly to you, endorse the back as well. We will apply it to your financial aid package.
Special Circumstances
We realize that the FAFSA does not always capture the true picture of a family’s financial situation. The federal government allows us to consider certain special circumstances and/or expenses when determining a student’s aid eligibility. These include but are not limited to
We recognize that the current economic situation may be hitting some families rather unexpectedly. If your family is experiencing a hardship because of the current financial situation, let us know. While we cannot guarantee an increase in the financial aid package, we may be able to direct your family to other options for covering college expenses. We will review your special circumstances after all requested documentation is submitted. Files are reviewed in the order in which they are completed. The review process can take 6-8 weeks (longer during peak processing times, such as spring and summer).
If your family has a situation that you feel is not accurately reported on the FAFSA, let us know. Each family's situation is unique and will be evaluated on a case-by-case basis by a counselor.
Study Abroad
Federal Financial Aid is available for all study abroad programs at the University of Portland. Institutional aid is available for all UP study abroad programs and study abroad programs, such as IES, which are required by a student’s major and are approved by the director of the Studies Abroad Office. Please refer to the Studies Abroad website for details on whether a specific program is eligible for financial aid.
Tuition remission may be used for University of Portland Institutional study abroad programs, ILACA study abroad programs or an IES abroad program that is required for a student’s major and approved by the director of Studies Abroad. Tuition remission may only be used for studies abroad during the Fall and Spring terms. Summer studies abroad and E-scholars extra program changes are not eligible for tuition remission. Tuition remission for study abroad programs may only be used to cover tuition charges. Note that some study abroad programs have single changes that cover expenses beyond tuition. In such cases, tuition remission will cover only the portion of the charges that is derived from tuition expenses. Please contact Studies Abroad Office if you have questions about a program’s eligibility for tuition remission.
Tuition exchange may not be used for any study abroad programs regardless of the semester and also may not be used to cover E-Scholars extra program charges.
Institutional aid is not available for summer semester(s). Therefore, only federal aid such as federal loans and grants would be available to use for summer programs (with the exception of a limited number of Japan studies scholarships). Contact Financial Aid with questions about specific programs.
Your University of Portland financial aid can be refunded directly to IES once it is disbursed to your student account. For more information on the process please refer to Student Account's website, IES Refunds.
Verification
The Department of Education uses formulas based on common FAFSA errors to select students for verification. You may also be selected by the Office of Financial Aid. The verification process is required to receive all federal and state aid as well as some institutional aid. While verification is not mandatory to attend classes, it is required to receive most forms of financial aid. Failure to complete the process will result in cancellation of a large portion of your award. The verification process ensures that students and families receive all of the aid they are eligible for. Your aid may be adjusted, up or down, depending on the accuracy of the information reported on your FAFSA. If any discrepancies are uncovered during verification, the financial aid office may require additional information to clear up the discrepancies. Such discrepancies may cause your final financial aid package to be different from the initial package described on the award letter you received from the school. Once all forms have been completed and submitted to the Office of Financial Aid, verification can take 6-8 weeks (longer during peak processing times) to complete. Submitting incomplete or unsigned documents will delay the process.
Withdrawal and Refunds
Refunds are calculated from from the date attendance is discontinued. You need to process the appropriate course drop or withdrawal paperwork by the deadlines specified in order to be eligible for a refund. The withdraw process begins in the registrar’s office. That office will provide you with the application for withdrawal form. The institutional refund policy applies if you are doing a partial or complete withdrawal. The policy counts from the first day classes begin each semester and is applied as follows:
On-Campus Fall and Spring Semesters
On-Campus Summer Semester(s)
8-week Course
6-week Course
Courses shorter than 6 weeks
Off-Campus Med Program, Any Session
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