Monthly Payment Plan
Aspen University’s Monthly Payment Plan is designed so students can build the cost of their degree into their monthly budget.
|Associate’s Degrees||$250 per month|
|Bachelor’s Degrees *||$250 per month|
|Master’s Degrees||$325 per month|
|Doctoral Degrees||$375 per month|
* The Bachelor of Science in Nursing (Pre-Licensure) program is not eligible for the Monthly Payment Plan.
Installment Payment Plan
The Installment Plan allows students to pay their course’s tuition in three equal installments.
|Associate’s Degrees||$450 / course||$150 / installment|
|Bachelor’s Degrees||$450 / course||$150 / installment|
|RN to BSN Program||$975 / course||$325 / installment|
|Masters Degrees||$975 / course||$325 / installment|
|Doctoral Degrees||$1,350 / course||$450 / installment|
Aspen University is approved by the U.S. Department of Education to offer federal student aid for all of our degree programs.
FEDERAL SCHOOL CODE
NET PRICE CALCULATOR
Aspen University provides a Net Price Calculator to help estimate educational costs.
A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants are only awarded to undergraduate students who have not earned a bachelor’s or professional degree and students who are enrolled in an eligible Post-baccalaureate teacher certification program if they meet certain requirements. Each student is entitled to apply for a Federal Pell Grant. Eligibility is determined by the student’s need, the cost of attendance, and the amount of money appropriated by Congress to fund the program. The amount of the grant is determined by a standard formula used by the Department of Education. The amount of the grant available to the student will depend on the Expected Family Contribution (EFC) and the cost of attendance.
William D. Ford Federal Direct Loan Program (Direct Loans)
Direct Loan programs are low-interest loans for eligible students to help cover the cost of education. Eligible students borrow directly from the U.S. Department of Education. The loan is then sent to the U.S. Department of Education’s Common Origination and Disbursement Center (COD) and disbursed to the school electronically through the G-5 website. The loans are serviced by the Direct Loan Servicing System. Direct loans include Direct Subsidized, Direct Unsubsidized and Direct PLUS loans.
Direct Subsidized Loans
Direct Subsidized Loans are loans available to students with financial need. Undergraduate students may borrow up to $3,500 for their first academic year, $4500 for their second academic year, and $5,500 for their third or fourth year at a fixed interest rate established annually by the U.S. Department of Education. The interest is paid by the federal government while students are in school and for six months after students cease their enrollment. As of 7/1/13, for “first time borrowers” there is a 150% loan limit provision. A first time borrower is an individual who doesn’t have an outstanding balance on a Direct Loan or a FFEL Program Loan on or after 7/1/13. This provision states that a student may not receive Direct Subsidized Loans for more than 150% of the published length of the student’s program of study.
Direct Unsubsidized Loans
Direct Unsubsidized Loan programs are available for students to borrow to help cover the additional education costs regardless of family income and for those who may not qualify in whole or in part, for a Subsidized Loan. A Unsubsidized Loan is not awarded based on financial need. The term “unsubsidized” means that interest is not paid for the student so the student is charged interest from the time the loan is disbursed until the loan is paid in full.
Direct Plus Loans
The Federal Direct PLUS loan is available to graduate or professional students enrolled at least half-time at an eligible school in a program leading to a graduate or professional degree or certificate or to parents of dependent students to help pay for the educational expenses of the student. PLUS loans are not based on need, but when combined with other resources, cannot exceed the students cost of education.
There may be an origination fee charged as an expense of borrowing one of these loans. The loan fee is a percentage of the amount of each loan the borrower receives, and is subtracted proportionately from each loan disbursement. This must be repaid. The loan interest rate is fixed and set on July 1st of each year.
Standard Payment students use a credit or debit card to pay their tuition and fees prior to enrolling in their course.
Tuition Deferment, Assistance and Discounts
Students receiving tuition reimbursement from their employer are eligible to defer their tuition payment until after the course has ended. While deferring tuition payments, students are required to pay a $200 deferment fee per course which can be applied towards their tuition payment. Students must pay any outstanding fees prior to being enrolled in their course. Aspen University will also accept payments directly from a student’s employer.
In addition, Aspen University maintains employee tuition discount partnerships with a large and growing number of organizations. Aspen University also extends this tuition discount to all VA Health Care System employees. To determine whether or not you qualify and to assure you receive your employee tuition discount, tell your advisor where you work and ask them to check for you prior to enrolling.
Military Payment Options
Aspen University’s degree programs are approved for Veterans Administration (VA) education benefits. Reserve and National Guard members may also be entitled to education benefits under the Montgomery GI Selected Reserve program. Please visit www.va.gov for more information. Active duty military personnel can apply for Tuition Assistance through their base’s education office.
Military Affiliation Award
In addition to participating in government education benefits, Aspen University also extends tuition benefits to those who have served in the United States Military and their spouses.
- Master’s Degree: $750 per course
- Doctoral Degree: $1,050 per course
- BSN (Pre-Licensure): 10% off per course
- Undergraduate Technology Fee (BSN Pre-Licensure excluded): $40 per course
- Graduate Technology Fee: $60 per course
- RN to BSN Completion Program Technology Fee: $60 per course
- Graduation Fee (BSN Pre-Licensure Excluded): $100
In order to receive Military Benefits, documentation must be provided to the Office of the Bursar, or your Advisor. Acceptable forms of documentation include:
- Military Transcripts
- DD-214 (Discharge of Duties)
- Letter from Commanding Officer
- VA Letter Certifying Military Service
- Benefit Documentation (TA form, COE, VA form 1905)
Spouses must provide either; A copy of your marriage license, your spouse’s military documentation.
DANTES: Defense Activity for Non-Traditional Education Support
Prospective students requesting Tuition Assistance can submit the DANTES Independent Study Form, signed by their Educational Services Specialist or Commanding Officer.