Think you can’t afford us? Think again!
We want you to know that a quality education is within your reach. Many families do not even consider a quality private education because they do not get beyond the “sticker shock”. Let us get you past the sticker shock.
You will find that the University of Jamestown is a significant savings compared to other private, four-year colleges. Take a look at our Academic Scholarship Calculator to get an idea of what your award might be when we factor in our generous academic scholarships.
Remember, there are also many merit awards available in addition to your academic award! Try out our Net Price Calculator, which includes an estimate of academic awards and federal aid opportunities.
With our generous financial aid packages, on average, our students graduate with less debt than many of their peers at North Dakota’s major public universities. Don’t be surprised if you find that the University of Jamestown is your best value! Nearly 100 percent of our students receive some form of financial aid including:
- Athletic Scholarships
- Fine Arts (Music, Theatre and Dance) Awards
- Legacy Awards
Our financial aid staff is available to answer your questions and help you through the financial aid application process.
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To be eligible, the graduate student must:
- Not be receiving aid as an undergraduate for the same period of enrollment.
- Have completed the equivalent of at least three academic years of full time study either before entrance into the program or as part of it.
- File Free Application for Federal Student Aid (FAFSA) if “Federal Direct” loan is desired (www.fafsa.ed.gov).
The following types of financial aid are available:
- Federal Work Study
- Federal Direct Loans
- $20,500/year unsubsidized (subject to Cost of Attendance)
- Graduate PLUS Loan
- Alternative educational loans
- Outside scholarships
Alternative / Private Education Loan Program
Private alternative loans should be utilized only after all other financial aid resources have been exhausted. Students have the right to select an eligible lender and the University of Jamestown will process the request in compliance with federal and institutional packaging guidelines. Students are encouraged to check the lender’s value and benefits, fees, interest rates, repayment options, and customer service. The University of Jamestown maintains a list of alternative/private educational loan lenders through which we have processed loans in the past five years and that are currently offering private educational loans. Students are free to select a private loan program that is not on this list. If a student chooses to borrow from a private loan program, the choice of a lender or loan program is entirely the choice of the student.
Financial Aid Policies, Disclosures & Guidelines
|Masters Return of Title IV Funds Policy & Disclosure Statement||Masters Satisfactory Academic Progress Guidelines|
Our financial aid department is staffed with experts who are eager to answer your questions and help you through the process. They can be reached at (701) 252-3467 ext. 5556.
Financial Aid for Doctor of Physical Therapy Program Students
- must not be receiving aid as undergraduate for same period of enrollment;
- must be enrolled in a program above the bachelor’s level or one leading to a first professional degree;
- must have completed equivalent of at least three academic years of full time study either before entrance into the Program or as part of it;
- must file Free Application for Federal Student Aid (FAFSA) if a Federal Direct Loan is desired. The website for FAFSA information is fafsa.gov.
U.S. Department of Education
The William D. Ford Federal Direct Loan Program is the largest federal student loan program. Under this program, the U.S. Department of Education is your lender. There are two types of Direct Loans available to graduate students.
Direct Unsubsidized Loans are loans made to eligible undergraduate, graduate, and professional students. The student does not have to demonstrate financial need to be eligible for the loan but must complete the Free Application for Federal Student Aid [commonly called the FAFSA] each year.
|Annual Limit:||$ 20,500 Direct Unsubsidized Loan|
|Aggregate Limit:||$138,500 Direct Loan|
|(No more than $65,500 of this amount may be in Direct Subsidized Loans. The graduate debt limit includes all federal loans received in undergraduate study.)|
Direct Grad PLUS Loans are loans made to graduate or professional students to help pay for education expenses not covered by other financial aid.
There are no fixed annual or aggregate loan limits for PLUS Loans. A graduate or professional student may be awarded a Grad PLUS Loan up to the student’s cost of attendance.
Alternative or Private Education Loan Programs
Students have the right to select any eligible lender under the Alternative/Private Education Loan Program and the University of Jamestown will process the request in compliance with federal and institutional packaging guidelines. It is, however, crucial that you consider your options when choosing an alternative student loan. Choose a lender that demonstrates a strong commitment to students and their education. Further, be sure to check the lender’s value and benefits, fees, interest rates, repayment options, and customer service. You will find a list of lenders used by the University of Jamestown students for Alternative/Private Education Loans on the University of Jamestown website under financial aid.
The University of Jamestown does not endorse or accept incentives from any lender nor does it promote any specific lender. The Alternative/Private Education Loan lender list is provided as a courtesy and should not be interpreted as a requirement to use any of the lenders listed. The University of Jamestown will process an Alternative/Private Education Loan from any participating lender that requires school certification.
Assistance for Financial Aid
Students accepted for the Physical Therapy Program may apply for financial aid through the University of Jamestown. All students must complete the Free Application for Federal Student Aid (FAFSA) every year to be considered for federal financial aid, including student loans. The FAFSA and renewal FAFSA can be completed online at www.FAFSA.gov. Students will be notified of their financial aid awards through email or postal mail. A representative of the Financial Aid Office will visit the Fargo campus at the beginning of the fall semester to answer questions and discuss financial aid directly with students.
Students may contact the financial aid office at any time with questions regarding financial aid. Questions may be directed to the Office of Financial Aid at 701-252-3467, ext. 5556 or by emailing a financial aid staff member.
Return of Title IV Funds Policy
Federal Title IV Funds include but are not limited to Pell Grants, Federal Supplemental Education Opportunity Grants, Direct Loans, Perkins Loans and parent and graduate PLUS Loans.
For Return of Title IV Funds and institutional purposes, a student is considered enrolled until he or she has completed and submitted an official University of Jamestown Withdrawal Form or until the end of the semester has been reached, whichever is first. Non-attendance of classes does not constitute an official withdrawal.
Return of Title IV Fund Calculation
The amount of federal Title IV aid earned is based upon the percentage of a period of enrollment completed. The percentage is computed by dividing the number of days completed (as of the date the student officially withdraws) by the total number of days in the term as determined by the Financial Aid Office in compliance with federal guidelines. The percentage is then applied to the aid received to determine earned and unearned aid. If and when any aid is determined to be unearned, it must be returned to the appropriate financial aid program(s). The amount returned cannot exceed the amount the student received from that program. Returns to the financial aid programs must be made in the following order: Unsubsidized Direct Loan, Federal Perkins Loan, and Federal Grad PLUS Loan. A student withdrawing after the 60% point is considered to have earned 100% of his or her aid and no adjustment to charges or aid is made. Additional details may be obtained from the Financial Aid Office.
Application of Repayments to Title IV Funds
For the payment period in which the student withdrew, it will be determined whether the student received an overpayment of financial aid funds for non-institutional expenses. The overpayment is the difference between the amount received by the student as cash disbursements and the amount earned for non-institutional costs during the portion of the payment period that the student was actually enrolled. (Federal Direct Loans and Perkins Loans are excluded from repayment since the student is already obliged to repay the funds to the lender.) The overpayment will be calculated according to the federal Return of Title IV Funds Policy. The University of Jamestown is NOT liable for the amount of repayment owed by the student.
Important: This policy refers to withdrawal from the University of Jamestown, not to withdrawal from an individual course.
- A student must be officially admitted to a degree-granting program at the University of Jamestown and making Satisfactory Academic Progress (as defined by the U.S. Department of Education) to receive federal financial aid through the University of Jamestown. (Satisfactory Academic Progress details are available in the university catalog, on the university website and from the Financial Aid Office.)
- No aid may be disbursed to a student if he or she is in default on any federal/state aid program.
- All financial aid is awarded based upon application documents, verification of information, anticipated cost of attendance, university enrollment, grade level, academic progress and other known resources. Any changes in these items may result in an award revision.
- Funds must be used solely for education related expenses as defined by the U.S. Department of Education.
- All male students applying for any federal and/or state financial aid must attest to Selective Service status before funds will be disbursed.
- In general, financial aid will be awarded to students on a prorated basis of one third each term (fall, spring, and summer) and the student’s account will be credited accordingly.
- Any balance due on the student’s account after applying all anticipated financial aid and other credits is payable by the first day of the semester (unless prior arrangements have been made with the Business Office).
- A student must report all outside scholarships, grants, work stipends, or other education benefits to the Financial Aid Office. Certain military benefits are not considered resources in determining a student’s financial aid eligibility.
- The Financial Aid Office is required to make adjustments to ensure that aid does not exceed the university approved student budget (cost of attendance).
- No federal or state aid will be disbursed to the student’s account until all necessary documents have been submitted to the Financial Aid Office by the stated deadline. If selected for the verification process, recipients of any federal aid must submit student (and spouse, if applicable) prior year’s U.S. IRS tax transcript. If no tax return was filed, the student must mark and sign the non-file affidavit on the Verification Worksheet. In addition, no federal or state aid will be disbursed to a student’s account if selected for verification and the student refuses to complete the verification process.
- To be eligible for full-time financial aid, a student must carry a minimum of 12 credits per semester. A student taking fewer than 12 credits may be eligible for some federal aid programs on a prorated basis.
- All Direct, Perkins, Grad PLUS and Alternative loan funds are first applied to outstanding direct education costs, such as tuition and fees at date of receipt.
- If a student withdraws from the University of Jamestown or drops below full-time status prior to the end of the semester, he or she may be required to repay federal grant and/or loans to the associated programs in accordance with the Return of Title IV Fund Policy.
- All students have the right to review and amend their Family Educational Rights and Privacy Act (FERPA) information at any time. The most common changes are those necessary on the Student Authorization to Release Information form. Details are available in the Financial Aid Office.
- Additional Consumer Information is available on the University of Jamestown website.
Satisfactory Academic Progress – Guidelines for Financial Aid Purposes
Satisfactory Academic Progress is language set forth in the federal guidelines [34 CFR 668.34] that specifies the minimum academic progress required of a student to avoid termination of funding provided by federal and state governments.
To demonstrate Satisfactory Academic Progress for financial aid purposes, all students must comply with the following three components:
- Qualitative: Students must maintain a minimum cumulative grade point average (GPA) of 3.00 on a 4.00 scale.
- Pace or Quantitative: All grade levels must successfully complete at least 67% of all attempted credits.
- Maximum Timeframe or 150% Rule: The maximum timeframe is measured in credit hours and is a period that is no longer than 150% of the published length of the educational program. The number of credit hours required for completion of the Doctor of Physical Therapy Program at the University of Jamestown is 118. A student becomes ineligible for federal aid when he or she reaches 177 attempted credits.
The University of Jamestown monitors student progress after every payment period (semester). Summer is considered a payment period and, consequently, progress will be monitored after the summer session as well.
Possible statuses are good standing, warning, probation, academic plan or suspension, as described in the glossary below.
Students will be notified of changes in status by email (University of Jamestown email address) and letter. If appropriate, requirements necessary to regain eligibility for financial aid will be included.
To be considered, appeals must be submitted to the Financial Aid Office on an official Financial Aid Appeal Form (which can be found on the University of Jamestown website under Current Students/Financial Aid) by the stated deadline.
Glossary for Financial Aid
ACADEMIC PLAN: The status of ACADEMIC PLAN is assigned when a student’s appeal has been granted but the status of PROBATION is not a viable option. An ACADEMIC PLAN will be created by the Financial Aid Committee using a standard format to determine how many semesters it would reasonably take any student to regain compliance both quantitatively and qualitatively. There is no set length for an ACADEMIC PLAN. Once a student is in compliance, s/he is again considered to be in GOOD STANDING. The personalized ACADEMIC PLAN will be monitored by the Registrar and the Director and/or Assistant Director of Financial Aid each semester for compliance.
APPEAL: Should a student fail to make progress after a semester on WARNING, an APPEAL is required for possible reinstatement to financial aid privileges. The APPEAL must be submitted by the published deadline on an official Financial Aid Appeal Form (which can be found on the University of Jamestown website under Current Students/Financial Aid). Students have the right to appeal action taken with regard to the University’s Satisfactory Academic Progress policies. However, for any given circumstance, a student may only appeal once.
APPEAL DENIED: If a student’s appeal is denied, he or she is no longer eligible to receive financial aid until such time as compliance has been regained.
APPEAL GRANTED: If a student’s appeal is granted, he or she is eligible to receive financial aid for the following semester, after which the transcript will be reviewed.
ATTEMPTED CREDITS: All courses taken for which a student receives a ‘W’ or grade on the transcript are counted. Attempted credits also include those taken during terms in which the student receives no aid as well as repeated courses and credits transferred into the University of Jamestown from other institutions.
GOOD STANDING: All three compliance factors are being met or surpassed. Student is eligible for financial aid.
INCOMPLETES: A grade of Incomplete may be granted when a student is temporarily unable to complete course requirements or take a final examination due to unusual personal circumstances. Incompletes in classroom courses must be finished within four weeks of the beginning of the next semester unless there is an extenuating circumstance that has been discussed with the faculty member and Director of the Physical Therapy Program. Incompletes in clinical courses are outlined in the Clinical Education Handbook.
PACE: The quantitative component for all grade levels, calculated to ensure that the students successfully complete at least 67% of all (cumulative) attempted credits.
PROBATION: The status of PROBATION is assigned when a student has appealed SUSPENSION, the APPEAL has been granted, and the student can mathematically regain compliance within one semester.
REPEATED CREDITS: Credits earned from a repeated course will be counted only once for total number of credits completed. However, both sets of credits will be counted toward the 150% Rule. The highest course grade will be used in determining GPA compliance.
SUSPENSION: Should a student be determined to be in noncompliance with any of the three components of Satisfactory Academic Progress and has not successfully appealed, he or she is no longer eligible to receive assistance under financial aid programs at the University of Jamestown. Any charges that the student incurs during this period of SUSPENSION from financial aid privileges are the responsibility of the student.
WARNING: The first semester that a student fails to make satisfactory academic progress by either qualitative or pace calculation, he or she is assigned the status of WARNING. This is an automatic action and no appeal is required by the student. The otherwise eligible student will be entitled to financial aid for one additional semester.
- Only official forms will be accepted for appeals. They may be found on the University of Jamestown website and are available in the Financial Aid Office.
- The Financial Aid Committee will strictly adhere to the stated deadline for appeal.
- The Financial Aid Office reserves the right to adjust Satisfactory Academic Progress verbiage as deemed appropriate and necessary at any time.