Loans and Work Study
Federal Perkins Loan
A low-interest (5%) loan available to full-time students demonstrating exceptional financial aid need. A FAFSA must be submitted by the Priority Deadline of March 2, 2009 to be considered for this program. Interest is deferred while the student is enrolled at least half time and repayment begins 9 months after graduation or the point at which the student drops below half-time enrollment. The maximum annual loan award will be $2,000. If you qualify for this loan, you must submit a Perkins Loan Master Promissory Note to the Financial Aid Office and complete Perkins Loan Entrance Counseling.
Federal Work Study
This program offers students an opportunity to earn wages to help meet the cost of education. Many jobs are located on campus. Students who wish to work on campus under this program are responsible to seek employment and may contact the Career Center for a list of available positions. Federal Work Study positions are also available off campus for students to be paid as reading tutors to local elementary schools through the America Reads Program. For more information regarding the America Reads Program, please contact the Student Employment Coordinator in Human Resources. The amount a student may earn will be determined by financial aid need and the actual hours and wage of the Federal Work Study position. A FAFSA must be submitted along with a Federal Work Study Application, which is available in the Financial Aid Office.
Stafford Loan Limits
| Grade Level | Dependent Students
(excluding students whose parents cannot borrow PLUS) | Independent Students
(including dependent students whose parents cannot borrow PLUS) |
| Freshman (0-26 units) | $3,500 + $2,000 additional Unsubsidized loan amount | $9,500 ($3,500 may be Subsidized) |
| Sophomore (27-56 units) | $4,500 + $2,000 additional Unsubsidized loan amount | $10,500 ($4,500 may be Subsidized) |
| Junior/Senior (57+ units) | $5,500 + $2,000 additional Unsubsidized loan amount | $12,500 ($5,500 may be Subsidized) |
| Credential | $5,500 | $12,500 ($5,500 may be Subsidized) |
| Graduate | | $20,500 ($8,500 may be Subsidized) |
Maximum Aggregate Borrowing Limits
Dependent Undergraduate Student | $31,000
(Maximum $23,000 Subsidized) |
Independent Undergraduate Student | $57,500
(Maximum $23,000 Subsidized) |
Graduate Student (including undergraduate loans) | $138,500 |
Loan Information
Due to changes in our processing, please select a link for the appropriate academic year.
09/10 Stafford, PLUS, and Private Loan Information
Code of Conduct
Vanguard University's Financial Aid professionals are expected to always maintain exemplary standards of professional conduct in all aspects of carrying out his or her responsibilities, specifically including all dealings with any entities involved in any manner in student Financial Aid, regardless of whether such entities are involved in a government sponsered, subsidized, or regulated activity.
Vanguard will not recommend a lender in exchange for the lender providing material benefits to the institution or Vanguard employees.
Vanguard will not accept gifts from lenders or servicers including gratuity, favor, discount, entertainment, hospitality, loan, or other item valued at more than a nominal amount. (Examples are gifts of services, transportation, lodging, or meals.) The term "gift" would not apply to informational material related to loans or financial literacy. Similarly, food, refreshments, training, or informational material that is an integral part of a training session designed to contribute to the professional development of Vanguard's employees would be permitted.
Entrance and exit counseling provided by lenders or servicers would be permitted, provided that a Vanguard staff member controls the counseling and that the counseling does not favor a single lender.
Vanguard employees will not accept a gift for themselves or a member of their family or friend from any business entity involved in any aspect of student Financial Aid.
Vanguard will not accept any private loan funds from a lender in exchange for our providing any concessions or promises to the lender.
Vanguard staff will not participate in any lender advisory councils. We may offer advice to lenders in order to improve their products and services for borrowers, as long as no compensation is provided.
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