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If you're interested in PNWU, you probably know that there won't be financial aid in place until after school starts, and that's pretty much all they have to say about it yet.
Well, hopefully PNWU is learning how UW (the one in Seattle, not Madison) manages this every year. UW runs 1st year out of 5 sites, and the Seattle site controls financial aid. Seattle starts in late August, but the other sites start in early August. So the non-Seattle site students don't get any federal financial aid until about a month after school starts.
What UW does for the other-site students is front an $8500 loan to be repaid by March of the following year. If I remember right, there's no interest charged if it's repaid on schedule. I would assume that this is UW's money being spent, not federal funds. It's not handled willy-nilly: students who want this money have to file FAFSA and go through channels.
So, if you're interviewing at PNWU, do us all a favor and ask if PNWU is going to cover its ass-- I mean support its first year students-- in such a fashion. It adds up to PNWU finding a lender to fork out a short-term institutional loan, versus all the students having to scramble for funds individually. I know it's not a simple task, but come ON, be a REAL school. At the very least, tuition and fees should NOT be due before financial aid is available.
Well, hopefully PNWU is learning how UW (the one in Seattle, not Madison) manages this every year. UW runs 1st year out of 5 sites, and the Seattle site controls financial aid. Seattle starts in late August, but the other sites start in early August. So the non-Seattle site students don't get any federal financial aid until about a month after school starts.
What UW does for the other-site students is front an $8500 loan to be repaid by March of the following year. If I remember right, there's no interest charged if it's repaid on schedule. I would assume that this is UW's money being spent, not federal funds. It's not handled willy-nilly: students who want this money have to file FAFSA and go through channels.
So, if you're interviewing at PNWU, do us all a favor and ask if PNWU is going to cover its ass-- I mean support its first year students-- in such a fashion. It adds up to PNWU finding a lender to fork out a short-term institutional loan, versus all the students having to scramble for funds individually. I know it's not a simple task, but come ON, be a REAL school. At the very least, tuition and fees should NOT be due before financial aid is available.
