Federal Student Aid

Advancing your professional education is an investment in your personal and professional development. William Howard Taft University makes every effort to make a post-graduate education an achievable goal for all qualified applicants. The Taft University System Financial Aid Office personnel work closely with students to verify financial aid eligibility. Many students will also qualify for Federal Income Tax Credits and Deductions which would reduce the net cost of tuition and fees.

Currently, the Master of Business Administration with a concentration in Professional Practice Management (MBA-PPM™) is the only William Howard Taft University program that is eligible for Title IV federal student financial aid. (Federal Direct Loans). Most students enrolled in the MBA-PPM™ Program will qualify for low-interest Federal Direct Loans in amounts sufficient to cover 100% of tuition, fees, books and related costs. William Howard Taft University students enrolled in programs other than the MBA-PPM™ are not eligible for Federal Direct Loans but may qualify for private loans, veterans educational benefits, military or employer tuition assistance, and/or Taft University System tuition payment plans and grants.

Federal Direct Loans are low-interest loans for students to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education rather than a bank or any other financial institution. They have distinct advantages over traditional consumer loans:

  • Repayment of loans received while attending William Howard Taft University may be deferred until six months after students have graduated or otherwise left school;
  • The credit history of the borrower is not a factor in the loan approval. A low FICO score, a bankruptcy, or a foreclosure will not disqualify a student from obtaining a federal student loan;
  • Interest rates are historically much lower than those of conventional lenders. These rates are set by the United States Congress. Please review the information posted on the United States Department of Education’s website to see the current rates.
Basic Eligibility Requirements for Federally Insured Student Loans

To be eligible for Federal Insured Student Loans during enrollment in the MBA-PPM™ program, an individual must:

  • Be approved for admission to William Howard Taft University’s Master of Business Administration with a concentration in Professional Practice Management program;
  • Be a U.S. citizen or an eligible non-citizen;
  • Have a high school diploma or GED;
  • Have a Social Security number;
  • Remain in good academic standing by meeting Satisfactory Academic Progress standards, as detailed in William Howard Taft University’s Student Handbook for the Program;
  • Not have borrowed more than the aggregate loan limits under Federal Regulations;
  • Certify that you are not in default on a federal student loan or owe money on a federal student grant;
  • Certify that they will use federal student aid for educational purposes only; and
  • Comply with Selective Service registration requirements (if the individual is male).
To expedite the processing of the Federal Direct Loan:
  • The name listed on all Taft enrollment and Financial Aid forms must match the name that appears on the applicant/student’s Social Security Card.
  • If an applicant does not already have a Federal Student Aid Personal Identification Number (PIN), the applicant can apply for one here.
  • Once the applicant has a PIN they may complete a Free Application for Federal Student Aid (FAFSA).

Click on “New FAFSA” if they did not complete one for the prior year. Click on “Renew” if one was completed for last year.

The Taft University System’s School Code: G41004.

Any questions or concerns should be directed to The Taft University System’s Financial Aid Office.

How to Apply for Federally Insured Student Loans

Step 1.

Complete and submit an Application for Admission to the University for the Master of Business Administration (with a concentration in Professional Practice Management) Program. This is the only William Howard Taft University program which has been approved for Federal Student Aid.

Step 2.

To apply for Federal Student Aid, the applicant must complete the online Free Application for Federal Student Aid (FAFSA). This application must be completed with extreme care and accuracy. In order to permit the Financial Aid Office to receive the applicant’s FAFSA information, it is important to enter the correct School Code for The Taft University System (G41004). Submitting a FAFSA through the Department of Education’s website, is free.

(Note that the website www.fafsa.com is not a government site. Do not complete the FAFSA through this website. There is no need to pay any fee in connection with the completion or submission of the FAFSA.)

Step 3.

After the University’s Application for Admission has been reviewed and approved, the enrollment instructions have been received, and the FAFSA information has been received by the Financial Aid Office from the Department of Education, the applicant will be contacted by a member the Financial Aid Office (normally via e-mail.) The Department of Education may or may not require additional information. Step three normally takes between five and ten business days. It is important to promptly respond to this e-mail.

Step 4.

When the FAFSA is complete, sign in using the PIN to complete a Master Promissory Note and Entrance Counseling here.

Step 5.

Request copies of official transcripts from all Law Schools attended.

Financial Aid Office business hours:
Monday – Friday 10:00 am to 4:00 pm Pacific Time.
E-mail: Financial_Aid@TaftU.edu
Phone: 888-748-1842

Frequently Asked Questions Regarding Federal Financial Aid

  • 1. What Programs are eligible for Federal Student Aid?
  • 2. Where can I find more information regarding Taft and the Federal Student Aid that is available at Taft?
  • 3. What is the cost of attendance for the MBA-PPM Program at Taft?
  • 4. How Much Financial Aid Can I Borrow If I’m an Independent Graduate Student?
  • 5. What other steps are required to complete the packaging of my Federal Student Aid?
  • 6. Where can I apply for Federal Student Aid to cover my tuition and fees at Taft?
  • 7. When will I get my Federal Student Aid money to cover my tuition, fees, and living expenses during my enrollment in the Program?
  • 8. Will I get reimbursed for my books and will I have to get all of them before I begin?
  • 9. When do you need my transcripts?
  • 10. Will I be able to defer my prior federal student loans?

1. What Programs are eligible for Federal Student Aid?

Only University students enrolled in the Master of Business Administration with a concentration in Professional Practice Management program may be eligible for receiving Federal Financial Aid student loans. If after reviewing the catalog and website information, an applicant believes they are a good candidate for this Program, they may list The Taft University System on the Free Application for Federal Student Aid (FAFSA) form. Students enrolled in other University programs (including other William Howard Taft University M.B.A. programs) are not eligible for Federally Insured Student Loans but may qualify for military or employer tuition assistance, and/or Taft University System grants.

2. Where can I find more information regarding Taft and the Federal Student Aid that is available at Taft?

William Howard Taft University through The Taft University System participates with Federal Direct Stafford Loans where the lender is the Department of Education. You should review the information posted on the United States Department of Education’s website to see the current rates. You should also review the Consumer Information Guide which is posted on our website. For more information please review the information on the Federal Student Aid website.

3. What is the cost of attendance for the MBA-PPM Program at Taft?

There are many factors that are required to determine what amount of Federal Student Aid an individual may be eligible to borrow. William Howard Taft University’s cost of attendance includes tuition and fees, books and supplies, Internet fees, and designated living expenses. William Howard Taft University recommends that students request Federal Student Aid that will cover only their direct cost of attendance. When it is time to package a student’s Federal Student Aid Loan Award, our Financial Aid Office will contact the student to discuss options, calculate specific need and award what is allowed under the Department of Education guidelines. All applicants should review the cost of attendance information listed under this Program in the Consumer Information Guide. The amount a student may borrow will be determined upon the Financial Aid Office’s review of a student’s application for admission and Free Application for Federal Student Aid (FAFSA) information.

4. How Much Financial Aid Can I Borrow If I’m an Independent Graduate Student?

Subject to the amount of any prior Federal Student Loans, a student may be eligible to borrow a maximum of $20,500 in Federal Direct Unsubsidized Loans per academic year (consisting of 2 semesters) and a prorated amount for the third semester.

5. What other steps are required to complete the packaging of my Federal Student Aid?

After the application for admission to Taft has been approved and the enrollment instructions have been received, the applicant will receive an e-mail from the Financial Aid Office with regards to the next steps. The Financial Aid Office will assist the applicant with determining their eligibility, entrance counseling, signing a master promissory note and the preparation of a packaged award. See: Financial Aid Processing Steps.

6. Where can I apply for Federal Student Aid to cover my tuition and fees at Taft?

You can apply for Federal Student Aid at the FAFSA website. The applicable School Code is G41004. You will need to complete and submit a current FAFSA form to the Department of Education. The Federal Award Year is from July 1st through June 30th. Select the appropriate FAFSA for the start date that is chosen. Once this is done, the student’s FAFSA information will be sent to The Taft University System’s electronic mailbox. This takes two to three days. The Financial Aid Office will need this information to begin the student’s Federal Student Aid process.

7. When will I get my Federal Student Aid money to cover my tuition, fees, and living expenses during my enrollment in the Program?

If approved by the U.S. Department of Education, funds from Federal Direct loans for the first and second semesters will be disbursed in one payment per semester. In the third and final semester the student will receive two disbursements.

The University cannot request any loan proceeds until all regulatory requirements have been met. Provided all regulatory requirements have been met, loan proceeds will be requested from the government approximately 30 days after the start of each semester. It takes the government approximately seven business days to process the loan request and transfer the funds to the University. If you request a loan greater than the amount payable to the University, the excess proceeds for the first and second semester disbursements will be sent to you approximately 40 days after the start of instruction of each semester.

In the third semester, you would receive two equal disbursements. The first disbursement will be processed approximately 40 days after the start of instruction and the second disbursement will be processed approximately 28 days after the first disbursement.

8. Will I get reimbursed for my books and will I have to get all of them before I begin?

Loans will not be funded prior to the time you will need books for your courses. You will need the required textbooks for the first semester courses at the start of the semester. The cost of new text books for first semester courses is expected to approximate $400.00. This cost can be reduced significantly by purchasing e-books, or used books when available.

9. When do you need my transcripts?

Official transcripts must be received by William Howard Taft University within 30 days of the date of enrollment however, it is recommended that students request official transcripts as soon as possible. Receipt of official transcripts is one of the requirements to receive a Federal Loan disbursement.

10. Will I be able to defer my prior federal student loans?

In most cases, after students commence study they will be able to obtain a deferment of their prior federal student loans. For more detailed information on the process, you may contact the Federal Student Aid Office.

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