Principles of Excellence Student Financial Services Guide for Those Using Military Benefits

2015-2016

argosy.edu

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Financial Aid Shopping Sheet

Financial Aid Information

Argosy University is committed to ensuring that military service members, veterans and their families are aware of the financial investment they are making in their education and, in accordance with the Principles of Excellence (Principles) outlined in Executive Order 13607, for veterans and those students using military benefits, has adopted the Financial Aid Shopping Sheet (Shopping Sheet) to assist in making an educated decision on where to attend a postsecondary educational institution. The Shopping Sheet, part of our commitment to increasing the quality of information for military students, will allow you to see simplified, personalized cost of attendance and financial aid information in a standardized format from all institutions of higher education that are adhering to the Principles.

The Shopping Sheet is completed with the school’s Student Financial Services Department prior to your enrollment. This will also provide you with an opportunity to discuss other financial aid options and you may elect to complete a Free Application for Federal Student Aid prior to enrollment.

The Shopping Sheet is a consumer tool that summarizes a prospective student’s total estimated cost of attendance for an educational program for an academic year, such as tuition and fees, housing and meals, books and supplies, transportation costs as well as other educational expenses. The Shopping Sheet outlines funding the student may be

eligible to receive from scholarships and grants, or financial aid that does not have to be repaid; provides a calculated net cost of attendance after scholarships and grants; and provides options available to the student to pay any net cost of attendance, including but not limited to work-study opportunities, payment plan offered by the school and private education student loans.

Please note that much but not all of your educational cost may be covered by military education benefits, so you may need to discuss other options with a financial aid advisor. Unless you apply for Federal aid by completing the Free Application for Federal Student Aid, the Shopping Sheet will not be able to display your estimated federal aid (if any).

The Shopping Sheet also provides performance data at the institution level and provides a comparison to national average performance data, including graduation and loan default rates, as well as information regarding the median amount of federal loans borrowed by enrolled students.

The Shopping Sheet is being provided to new and reentry students who are expected to receive military benefits and who will start courses on or after July 1, 2013. If you are a student receiving military benefits and started classes before July 1, 2013, please contact the school’s Student Financial Services Department to receive more information or for us to prepare a personalized Shopping Sheet.

Financial aid information is published online and in printed materials. In addition to the military benefit options listed below, military students may also be eligible for various federal, state, and institutional financial aid programs as described in Argosy University’s Financial Aid Guide. Your financial aid advisor can help you to navigate through your options and the application process.

U.S. Military Education Benefits If you served on Active Duty, you may be eligible for education benefits offered by the Department of Veterans Affairs. For example, the Post-9/11 GI Bill® provides financial support for educational and housing expenses to individuals with at least 90 days of aggregate service after September 10, 2001, or individuals discharged with a service-connected disability after 30 days. You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill®.

Active duty service members and their spouses who are using transferred Post-9/11 GI Bill® benefits are not eligible to receive the Monthly Housing Allowance (MHA).

If you are currently serving in the military, you may be eligible for funding offered through the Department of Defense Tuition Assistance program. Check your eligibility status and the amount for which you qualify with your Service prior to enrolling.

If you are the spouse or child of a service member who is serving on active duty Title 10 orders in the pay grades of E1-E5, O1-O2, or W1-W2, you may be eligible for financial assistance from the Department of Defense for education, training, and/or the occupational license and credentials necessary for a portable career.

If you are the spouse or child of a service member, you may be eligible for transfer of the service member’s Post-9/11 GI Bill® benefits to you. For more information on these benefits, visit http://benefits.va.gov/gibill/.

One of the requirements to maintain educational benefits is submitting official transcripts from all previous post-secondary institutions you have attended. It is the school’s policy that all transcripts are on file and all prior learning has been evaluated for transfer into the student’s educational program by the completion of two (2) academic semesters or twenty-four (24) weeks for non-term or non-standard terms (depending on the school’s academic calendar). Failure to have an evaluation completed by this timeframe will result in a suspension of the student’s certified attendance to the VA until an evaluation is complete. To learn more about educational benefits for military personnel and veterans, please begin with our military pages at https://www.argosy.edu/admissions/military-admissions.

In acknowledgement of your service to our country, there are special benefits and repayment options for your student loans available from the U.S. Department of Education and the U.S. Department of Defense. Contact your student loan servicer for additional information on these options, including eligibility information and what documentation you should provide to receive the benefit. Please refer to this document for a summary of these special benefits and repayment options for your federal student loans, https://www.navient.com/assets/loan-customers/for-military-personnel/Military-Student-Loan-Benefits.pdf.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at: www.benefits.va.gov/gibill.

Principles of Excellence—Student Financial Services Guide for Those Using Military Benefits

Program What is it? Who is Eligible? Benefit

Tuition Assistance Tuition Assistance is a military benefit that pays the cost of tuition and some fees.

Virtually all military service members are eligible. However, criteria for eligibility are determined by each branch.

Students using TA must maintain a cumulative grade point average (GPA) of 2.0 or higher after completing 15 semester hours, or equivalent, in undergraduate studies, or a GPA of 3.0 or higher after completing 6 semester hours, or equivalent, in graduate studies, on a 4.0 grading scale.

Reimbursement will be required from the Service member if a successful course completion is not obtained. For the purpose of reimbursement, a successful course completion is defined as a grade of ‘‘C’’ or higher for undergraduate courses, a ‘‘B’’ or higher for graduate courses and a ‘‘Pass’’ for ‘‘Pass/Fail’’ grades. Reimbursement will also be required from the Service member if he or she fails to make up a grade of ‘‘I’’ for incomplete within the time limits stipulated by the educational institution or 6 months after the completion of the class, whichever comes first.

Tuition Assistance covers up to 100% Tuition and Fees Not to exceed:

$250 @ Semester Credit Hour

$166 @ Quarter Credit Hour

$4,500 @ Fiscal Year

Note: Navy and Army have a 16 semester or 24 quarter credit hour annual limit.

Post-9/11 GI Bill The Post 9/11 GI Bill provides up to 36 months (4 regular school years) of education benefits to eligible service members and veterans for:

College, Business

Technical or Vocational Courses

Correspondence Courses

Apprenticeship/Job Training

Flight Training

Service members (Active Duty, Guard and Reserve) and Veterans who have served at least 90 days on active duty since 9/10/2001.

Paid Tuition and Fees, Living (Housing) Stipend and Book Stipend.

Benefits are tiered based on number of days on active duty.

Some limitations apply to those currently on active duty.

Benefits can be transferred to Spouse or Family member.

Montgomery GI Bill—Active Duty & Veteran

MGIB provides up to 36 months (4 regular school years) of education benefits to eligible veterans for:

College, Business

Technical or Vocational Courses

Correspondence Courses

Apprenticeship/Job Training

Flight Training

Active Duty members who have served at least two years on active duty.

Veterans—there are four categories of Veteran eligibility depending on when you enlisted and how long you served on active duty.

Payments are issued to the student each month and based on the level of enrollment.

The VA evaluates rates on a yearly basis and updates are made effective each October 1. Rates for current and prior years can be found on the GI Bill website.

Veterans Affairs Rates Tables

Montgomery GI Bill—Selected Reserves

Same as MGIB-AD at reduced rates.

Six-year obligation to serve in the Selected Reserve.

Officers must agree to serve six years in addition to their original obligation.

High school diploma/GED.

Maintain Selected Reserve Status.

Payments are issued to the student each month and based on the level of enrollment.

The VA evaluates rates on a yearly basis and updates are made effective each October 1. Rates for current and prior years can be found on the GI Bill website.

Veterans Affairs Rates Tables

Reserve Education Assistance Program (REAP)

Same as MGIB-AD at reduced rates.

At least 90 days on active duty since 9/10/2001. 40%, 60%, or 80% of the MGIB payment rate as determined by total length of active duty time.

Continued on next page

Summary of Military Education Benefits1 The following table is a brief summary of each of the major education benefits offered to service members, veterans and in some cases their families

1 Reference chart and materials: http://www.military.com/education/money-for-school/education-benefits-in-the-military.html http://www.gibill.va.gov/resources/

Veterans Affairs Rates Tables: http://www.benefits.va.gov/gibill/resources/benefits_resources/rate_tables.asp

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Program What is it? Who is Eligible? Benefit

Tuition Assistance “Top-Up” Program

An additional benefit intended to supplement other tuition assistance programs such as the GI Bill. The benefit is available for all courses that began on or after October 30, 2000.

To be eligible for the Top-up benefit, the person must be approved for federal Tuition Assistance by a military department and be eligible for MGIB-Active Duty benefits.

The amount of the benefit is limited to the amount that the person would receive for the same course if regular MGIB benefits were being paid.

Regular MGIB benefits will be reduced.

Veterans Educational Assistance Program (VEAP)

Available if you elected to make contributions from your military pay to participate. For degree, certificate, correspondence, apprenticeship/on-the-job training programs, and vocational flight training programs. Remedial, deficiency, and refresher training may also be available.

Meet all requirements:

Entered service for the first time between January 1, 1977, and June 30, 1985

Opened a contribution account before April 1, 1987

Contributed $25-$2,700

Completed 1st period of service

Discharge/release was not dishonorable.

Your contributions are matched on a $2 for $1 basis by the Government.

Survivors’ and Dependents’ Educational Assistance Program (DEA)

Education and training opportunities to eligible dependents of certain veterans. May be used for degree and certificate programs, apprenticeship, and on-the-job training.

You must be the son, daughter, or spouse of a service member who died, is missing, or was permanently disabled while on duty or as a result of a service-related condition.

DEA reduces your tuition amount—you may pay three months’, instead of six months’ tuition, for example.

Work-Study Program

If you’re a full-time or 3/4-time student in a college degree program, or a vocational or professional program, you can “earn while you learn” with a VA work-study allowance.

The VA work-study allowance is available to persons training under one of the VA benefit programs:

GI Bill

Vocational Rehabilitation (for Veterans)

VEAP

DEA

Dependents may also be eligible

You’ll earn an hourly wage equal to the Federal minimum wage or your State minimum wage, whichever is greater.

Tutorial Assistance Program

Tutorial assistance for programs you are having difficulty with.

If you have questions on this program please contact the toll-free number 1-888-442-4551.

If you are receiving VA benefits at a half-time or more rate, you are eligible.

VA may provide you with a tutor or with information for finding one.

Vocational Rehabilitation and Employment (VR&E) – Chapter 31

VR&E provides services to eligible Service members and Veterans with service-connected disabilities to help them prepare for, obtain, and maintain suitable employment or achieve independence in daily living. Visit http://www.vba.va.gov/bln/vre/ for more information on how to apply and set up a meeting with a Vocational Rehabilitation Counselor (VRC).

Veterans may be eligible if they:

Have received, or will receive, a discharge that is other than dishonorable.

Have a service-connected disability rating of at least 10%, or a memorandum rating of 20% or more from the Department of Veteran Affairs (VA).

Apply for Vocational Rehabilitation and Employment (VR&E) services.

A Vocational Rehabilitation Counselor (VRC) works with the Veteran to determine if an employment handicap exists. An employment handicap exists if a Veteran’s service- connected disability impairs his/her ability to prepare for, obtain, and maintain suitable career employment

Summary of Military Education Benefits, continued

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Principles of Excellence—Student Financial Services Guide for Those Using Military Benefits

Financial Aid Changes Every year, many of the federal aid policies, practices, and awards are

up for review and approval by the federal government. The government

also maintains the right to modify all federal aid policies at any time

during the year should there be budgetary or regulation issues that need

to be addressed immediately. The school’s Student Financial Services

Department will be able to answer any specific questions regarding

how these changes may or may not affect you and your financial aid

award for the coming school year; we will also review information about

the maximum annual and aggregate amounts of federal aid that may

be available to you. For additional information, please also refer to the

Federal Student Aid office of the U.S. Department of Education website,

http://studentaid.ed.gov/, or the U.S. Department of Education Guide

to Federal Student Aid from this same website for a summary.

Private Education Loans Private alternative education loans are offered by private lending

institutions and are not subsidized by a government agency. Alternative

education loans are not to be used as a substitution for federal education

loans. They are intended to provide additional funding for your education

after all federal loans are sought; the terms and conditions of federal

education loans may be more favorable than the provisions of private

education loans. If you receive military education benefits, you may

not need to borrow funds. For more information, please refer to Argosy

University’s Student Consumer Information page, https://www.argosy.edu/student-consumer-information, or contact the Student Financial Services

Department directly. When visiting Student Consumer Information on

https://www.argosy.edu/student-consumer-information, you will need to

select the actual location that you plan on attending.

Resources and Tools Available to Use When Comparing SchoolsThe following are resources and tools provided by the Department of

Education (ED) and Consumer Financial Protection Bureau (CFPB) to

assist you in comparing institutions and making informed decisions about

where to attend school. Please speak with your financial aid advisor

directly for additional guidance regarding the usage of these tools.

(1) The College Scorecard which is a planning tool and resource to

assist prospective students and their families as they evaluate options in

selecting a school and is located at: http://collegecost.ed.gov/scorecard/.

(2) The College Navigator which is a consumer tool that provides school

information to include tuition and fees, retention and graduation rates,

use of financial aid, student loan default rates and features a cost

calculator and school comparison tool. The College Navigator is located

at: http://nces.ed.gov/collegenavigator/.

(3) The Financial Aid Shopping Sheet which is a model aid award letter

designed to simplify the information that prospective students receive

about costs and financial aid so they can easily compare institutions and

make informed decisions about where to attend school. The Shopping

Sheet can be accessed at: http://www2.ed.gov/policy/highered/guid/aid-offer/index.html.

(4) The “Paying for College” webpage which can be used by prospective

students to enter the names of up to three schools and receive detailed

financial information on each one and to enter actual financial aid award

information. The tool can be accessed at: http://www.consumerfinance.gov/paying-for-college/.

Refund Policy for Military Deployed StudentsThe add/drop and withdrawal policies for any student, including

veterans and those students receiving military benefits, are listed in

the school’s catalog. The catalog is available on the Student

Consumer Information web page which is on the school’s website,

https://www.argosy.edu/student-consumer-information. You will

need to select the actual location that you plan on attending, including

online.

The refund policies are provided in the school’s catalog and enrollment

agreement. Both the catalog and enrollment agreement are available on

the Student Consumer Information web page which is on the school’s

website, https://argosy.edu/student-consumer-information within the

Academics section. You will need to select the actual location that you

plan on attending.

For students who withdraw due to a qualified military deployment, any

remaining balance that is owed for the term or course of withdrawal will

be forgiven after the consideration of the refund calculation.

Upon re-entry into school to the same program, for the first academic

year in which the student returns, the student will return with the

same tuition and fee charges that the student was or would have been

assessed for the academic year during which the student left school.

If the student is admitted to a different program and for subsequent

academic years for a student admitted to the same program, the school

will assess no more than the tuition and fee charges that other students

in the program are assessed for that academic year.

Student Withdrawals who are Receiving Department of Defense Tuition AssistanceFor any student withdrawing from school who is receiving Tuition

Assistance (TA) from the Department of Defense, the school will return

any unearned TA funds on a proportional basis through the 60 percent

portion of the period for which the funds were provided. TA funds will be

earned proportionally during an enrollment period, with unearned funds

being returned based upon when a student stops attending school.

Potential Debts to Students with Military Education BenefitsTuition and Fees As a reminder to all of our students utilizing military education benefits,

changes in your enrollment with the school, especially those changes

occurring after the school’s schedule adjustment period, may cause

an overpayment requiring the student to repay the U.S. Department of

Veterans Affairs (VA) or the U. S. Department of Defense (DoD) some

or all of the benefits paid.

If the student decreases his/her training time (i.e. drop a course(s),

leave school, etc.) and the VA has already processed a payment for

tuition and fees, an overpayment may occur. In addition, non-attendance

of an individual course for two or three weeks may result in the VA

being notified that the student has ceased pursuit of that course; Argosy

University has a course pursuit policy for military students. The course

pursuit policy may be found in the school’s catalog or you may contact

the school registrar directly for more information. Not pursuing courses

as scheduled could result in the creation of a debt against the student

and/or non-payment or the reduction of monthly housing allowance

(MHA) and/or tuition and fees.

When the School Certifying Official (SCO) notifies the VA of a change, a

debt may be created against the student’s account. The school will issue

any refunds in accordance with its internal policy, which may not fully

cover the debt with the VA. If the amount refunded by the school does

not satisfy the debt, the student is responsible for the remainder.

• If the school refunds money directly to the VA, the VA will clear the

school’s debt and credit the student’s account any amount the

school refunds, but the student may still have a separate debt to

clear with the VA.

• If the school refunds money directly to the student, s/he must clear

the debt with the VA.

A decrease in credit hours by the student could also result in changes

to his/her housing allowance and books and supplies stipend. If the VA

has already issued the student a payment for the term, a debt may be

created on his/her account.

The student is responsible for keeping track of his/her tuition and fee

account balance and payments. The student should visit the school’s

financial office or his or her portal regularly to review his/her account,

ensure the charges are correct and that payments and refunds are

processed correctly. The student should contact the school’s SCO to

ensure the certification information s/he sends to the VA matches the

student’s schedule.

For students utilizing active-duty tuition assistance (TA), generally

students who do not successfully complete a class will be required

to repay the TA. While TA amounts or rules vary by branch and are

administered by the DoD, in general these agencies will not honor tuition

assistance if the course(s) are not approved by the agency prior to the

start of the term. Program requirements by branch may be found on the

DoD website, http://www.dodmou.com/.

VA Remedial Coursework The total number of actual credits that a student is attempting at the

school, based on the student’s schedule in a particular term, will be

reported and certified to the VA by the school. Reported credits must be

certified separately by the school into residence, distance, and remedial/

deficiency courses, if applicable. Only residence, or on-ground, remedial

courses can be certified for payment with the VA. Online remedial

courses cannot be certified for payment in any circumstance.

VA Housing Allowance Per the new GI Bill®, effective August 1, 2011, the amount payable for

the Monthly Housing Allowance (MHA)2 is:

• U.S. In-Residence: The applicable Basic Allowance for Housing

(BAH)3 rate will be multiplied by the rate of pursuit rounded to the

nearest multiple of 10 to determine the MHA. Students must have

a rate of pursuit greater than 50% to receive the MHA.

Continued on next page

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Potential Debts to Students with Military Education Benefits, continued

Students enrolled at more than half-time but less than full-time will

have their housing allowance prorated based on the number of classes

they are taking (also called rate of pursuit). This amount will be

rounded to the nearest tenth. For example, an individual at a rate

of pursuit of .54 will receive 50% of the applicable BAH rate while an

individual at a rate of pursuit of .85 will receive 90%. An individual

rate of pursuit of less than .50, or 50%, will not receive MHA.

• Basic eligibility requirements for MHA benefits (e.g. veterans with a

rate of pursuit >.50) remain unchanged.

• The amount payable for the MHA for any academic year (beginning

on August 1) will be based upon the BAH rates effective on January 1

of that year.

• The MHA is based on the BAH for an E-5 with dependents within the

zip code that the school is located.

If qualified, veteran student housing benefits are only available to

students when they are actively attending school and the student has

been deemed to be eligible for it by the VA. Housing benefits are not

paid for non-scheduled institutional breaks or periods when not

attending a course. Housing benefits may be prorated, or eliminated,

based on enrollment status and periods of non-attendance.

VA students attending on-ground courses must meet the VA requirements

to be eligible for the full housing allowance. The VA determines if you are

eligible, not the school. In order for the student to be eligible to receive

the maximum housing allowance, the student must be actively pursuing

each course, attend at least one on-ground course at the school, or

attend an alternate institution as a guest student, for the entire length of

the term and be enrolled at least full time for the entire length of the term.

The monthly housing allowance is not payable to individuals on active

duty, their spouses, or those attending or enrolled at half time enrollment

status or less. The housing allowance is subject to proration based

on the number of credits being taken and the number of months served

on active duty.

2 Monthly Housing Allowance (MHA) is generally the same as the military Basic Allowance for Housing (BAH) for an E-5 with dependents. Your MHA is based on the ZIP code for your school. The MHA payments you receive for the Post-9/11 GI Bill are based on the military’s Basic Allowance for Housing (BAH) rates for an E-5 with dependents. The Department of Defense adjusts the military BAH rate every calendar year (or January 1) based on changes to housing costs across the country. Rates can either go up or down.

3 Basic Allowance for Housing (BAH) is a United States military entitlement given to many military members. The Basic Allowance for Housing (BAH) is based on geographic duty location, pay grade, and dependency status. The intent of BAH is to provide uniformed service members accurate and equitable housing compensation based on housing costs in local civilian housing markets, and is payable when government quarters are not provided. Each year the BAH tables are released between December 15 and January 1.

VA Housing Allowance for Self-Paced, Mastery-Based Programs Self-paced, mastery-based programs allow students to work at their own

pace to complete the course. This model allows students to finish the

material as soon as they are able, including finishing prior to the end of

the term.

For students with VA benefits, it may not be in the student’s best financial

interest to finish a course early, as the last day of attendance in a course

is reported to the VA. Since the MHA is paid based on the reported

beginning and end dates of a class, this may lead to reduced MHA

benefits or no benefits depending on the student’s rate of pursuit for the

reporting period. Students receiving VA benefits should remain focused

on their learning and pace themselves to complete the coursework at the

end of the term so as not to experience this potential financial impact.

Other Reminders Students are responsible for monitoring their VA military educational

benefit eligibility as well as assuring their completion of an on-time

graduation. There are a fixed number of months that the student may

receive these benefits. Not taking a sufficient number of courses

(which may mean you must take more than a minimum full-time load),

withdrawing from a course or courses or failing a course or courses

due to ceasing attendance in the course may negatively impact the

student’s financial and academic situation. If ceasing attendance from

a course or courses will take the student down to half-time status, the

student will have to pay back some of the monthly housing allowance

received, either back to the day the student stopped attending the

course(s), or all the way back to the beginning of the term, depending

on the student’s circumstances. If the student will still be a full-time

student after withdrawal of the course or courses, the withdrawal of

course or courses may not affect the student’s MHA but may impact

Satisfactory Academic Progress.

Students should contact their school’s SCO to ensure the certification

information the school is providing to the VA matches with their schedule.

Principles of Excellence—Student Financial Services Guide for Those Using Military Benefits

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Readmissions from Military DeploymentArgosy University has a re-entry process for students wishing to return to

school after an interruption of their studies based on military deployment.

Upon return to school, the school will help you complete the necessary

steps to be reintegrated into class and campus.

Reinstatement for Military Students Students who are withdrawn from Argosy University for failing to remain

continuously registered may petition for reinstatement if the period of

absence is less than one year. If the petition for reinstatement is granted,

students will continue in their existing program of study unless changes

required by accrediting or regulatory bodies have been enacted during

the period of absence. In such cases, the student will be required to

complete the program with any such modifications.

Reinstatement after Administrative Withdrawal for Non-Continuous Enrollment for Military Students Students who are administratively withdrawn from Argosy University for

failing to remain continuously registered may petition for reinstatement

if the period of absence is less than one year. If the petition for

reinstatement is granted, students will continue in their existing program

of study unless changes required by accrediting or regulatory bodies have

been enacted during the period of absence. In such cases, the student

will be required to complete the program with any such modifications.

Campus-Based Programs for Military Students Students who must take time off will need to request temporary

withdrawal from Argosy University. Students seeking temporary

withdrawal status must provide an expected date of return and receive

approval from the Student Services department. Students approved for

temporary withdrawal may re-enter their program at any time prior to

the anticipated return date without approval. Failure to re-enter Argosy

University by the expected date of return will result in withdrawal from

Argosy University. Students are permitted to take up to three semesters

of temporary withdrawal. The three semesters may be taken either

consecutively or intermittently. Military students who are requesting

a temporary withdrawal due to military deployment will be allowed to

re-enter without approval regardless of their time off. Students using

federal financial aid need to consult their financial aid advisor prior to

seeking a temporary withdrawal from Argosy University.

Readmission Fees for Military Students Argosy University waives the application fee for Active Duty service

members and their spouses, Active and Drilling members of the

Reserve and National Guard and their spouses, Veteran personnel,

and dependents who are receiving Department of Veterans Affairs

education benefits.

Individual Education PlanEducational plans will be developed and reviewed with our military service

member and veteran students by the student’s academic advisor. The

initial educational plan provided prior to enrollment will detail how the

student will fulfill all of the requirements to graduate from the educational

program, as well as the expected timeline of program completion.

A second updated student educational plan will be provided to the student

within 60 days after full acceptance to the school or after all required

academic transcripts are received by the school or the student completes

6 semester or 9 quarter credit hours, whichever is achieved first.

A subsequent educational plan will be provided should the student change

programs or if anything changes to the student’s education goals. The plan

will be provided to the student within 60 days of the change occurring.

The student is responsible for keeping appointments with his/her

academic advisor to review this important information. Educational plans

are being provided to new and reentry students who are expected to

receive military benefits and who will start courses on or after July 1, 2013.

If you are a student receiving military benefits and started classes before

July 1, 2013, please contact your academic advisor to receive more

information or for the development of an educational plan.

Please be cognizant of the length of time it is expected for you to

complete the program as well as the remaining number of months you

may be eligible to receive military education benefits. You may need to

adjust the number of hours you schedule each term or period to assure

maximization of your education benefits.

Advising Point of ContactMilitary students are encouraged to ask about academic support,

financial aid advising, disability services or career counseling that is made

available on campus. Students should contact the Student Services

department on campus for further guidance and information. Online

students should request information from their Graduation Team.

Transfer of CreditArgosy University recognizes and uses the ACE Guide to the Evaluation

of Educational Experience in the Armed Services to determine the value

of learning acquired in military service. We award credit for appropriate

learning acquired in military service at levels consistent with ACE Guide

recommendations when applicable to a Service member’s program. In

addition, we utilize Joint Services Transcript or Community College of

the Air Force in our processing of prior learning experiences for possible

transfer credit.

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Other Important MattersArgosy University is owned by Education Management Corporation (EDMC),

which is among the largest providers of proprietary post-secondary education

in North America, with programs in psychology, counselor education,

marriage and family therapy, education, business, criminal justice, and

liberal arts operating at several locations and offers distance education.

Please note: When visiting any of sites below, you will need to select the

actual location that you plan on attending.

Argosy University is accredited by the Senior College and University

Commission of the Western Association of Schools and Colleges

(985 Atlantic Avenue, Suite 100, Alameda, CA 94501, wascsenior.org).

In addition, required programs are accredited by individual accrediting

bodies. For information and contact details regarding Argosy University’s

institutional accreditation, state licensing and programmatic accreditation,

program disclosures and Veterans Affairs statements, please refer to our

catalog or visit our on-campus locations web page at http://www.argosy.edu/about-us/accreditation-licensing.aspx.

Argosy University participates in many financial aid resources, including

programs under title IV of the Higher Education Act of 1965, available

to help students who qualify for financial aid to meet the costs of their

education. Every year many students and their families take advantage

of one or more of these resources. For a comprehensive listing of the

financial aid options available, please begin with our Financial Aid web

pages at https://www.argosy.edu/affordability. It is important to note that

this information is subject to change at any time.

For information regarding Argosy University locations’ and online

academic programs’ durations, tuition, fees, and other costs, median

debt, federal salary data, alumni success, and other important

information, please refer to Argosy University’s Gainful Employment

web page at https://www.argosy.edu/programs-info. Please select the

location and program of interest.

For information regarding Argosy University’s federal student loan cohort

default rate and student retention rate as defined by the Higher Education

Act of 1965, please refer to its Student Consumer Information, Student

Success web page for your location at https://www.argosy.edu/student-consumer-information.

For information regarding Argosy University’s transfer of credit policies as

well as total enrollment, please refer to the location’s Student Consumer

Information, within the Student Diversity section, Academics web page

at https://www.argosy.edu/student-consumer-information. You may

also find enrollment information for this institution at http://nces.ed.gov/collegenavigator/.

Argosy University provides students with academic support, career

counseling and job search advice as well as other support services.

For information regarding support services available to students, please

begin with our web page at https://www.argosy.edu/our-community, or

contact directly the location’s Student Services department or Graduation

Team for our online programs.

Please note: This military brochure may be updated at any time; the

most current version is maintained on the school’s website, and is also

available upon request.

For more information, please visit our Military Benefits Information web page at https://www.argosy.edu/admissions/military-admissions.

Satisfactory Academic and Financial Aid ProgressA student must demonstrate academic and financial aid progress

by successfully completing courses that are being attempted. This

requirement is referred to as satisfactory academic progress (SAP).

For more information regarding the school’s SAP policy, please refer

to its catalog or contact your location’s academic affairs representative

directly. Please note, while the school has an existing policy in place

by which our students must adhere, the Department of Veterans

Affairs and the Department of Defense may require the achievement

of other minimum standards in order to continue receiving these

education benefits.

Minimum Academic Achievement Standards for Students Receiving

Department of Defense Tuition Assistance:

The Department of Defense requires reimbursement from the Service

member if a successful course completion is not obtained. For the

purpose of reimbursement, a successful course completion is defined as

a grade of ‘‘C’’ or higher for undergraduate courses, a ‘‘B’’ or higher for

graduate courses and a ‘‘Pass’’ for ‘‘Pass/Fail’’ grades. Reimbursement

will also be required from the Service member if he or she fails to make

up a grade of ‘‘I’’ for incomplete within the time limits stipulated by the

educational institution or 6 months after the completion of the class,

whichever comes first. The Secretary of the Military Department will

establish recoupment processes for unsuccessful completion of courses.

Students using TA must maintain a cumulative grade point average

(GPA) of 2.0 or higher after completing 15 semester hours, or equivalent,

in undergraduate studies, or a GPA of 3.0 or higher after completing

6 semester hours, or equivalent, in graduate studies, on a 4.0 grading

scale. If the GPA for TA funded courses falls below these minimum

GPA limits, TA will not be authorized and Service members will use

alternative funding (such as financial aid or personal funds) to enroll in

courses to raise the cumulative GPA to 2.0 for undergraduate studies

or 3.0 for graduate studies.

Principles of Excellence—Student Financial Services Guide for Those Using Military Benefits

Argosy University online students, please apply at www.argosy.edu

Argosy University is accredited by the Senior College and University Commission of the Western Association of Schools and Colleges (985 Atlantic Avenue, Suite 100, Alameda, California, 94501, http://www.wascsenior.org).See auprograms.info for program duration, tuition, fees and other costs, median debt, federal salary data, alumni success, and other important information. Programs, credential levels, technology and scheduling options vary by campus and are subject to change. Administrative office: Argosy University, 333 City Boulevard West, Suite 1810, Orange, CA 92868 ©2015 Argosy University. AU-1518– 4/15

Argosy University, Atlanta980 Hammond DriveSuite 100Atlanta, GA 30328770.671.1200888.671.4777

Argosy University, Chicago225 North Michigan AvenueSuite 1300Chicago, IL 60601312.777.7600800.626.4123

Argosy University, Dallas5001 Lyndon B. Johnson FreewayHeritage SquareFarmers Branch, TX 75244214.890.9900866.954.9900

Argosy University, Denver7600 E. Eastman AvenueDenver, CO 80231303.923.4110866.431.5981

Argosy University, Hawai`i1001 Bishop StreetSuite 400Honolulu, HI 96813808.536.5555888.323.2777

Argosy University, Inland Empire3401 Centrelake DriveSuite 200Ontario, CA 91761909.472.0800866.217.9075

Argosy University, Los Angeles5230 Pacific ConcourseSuite 200Los Angeles, CA 90045310.866.4000866.505.0332

Argosy University, Nashville100 Centerview DriveSuite 225Nashville, TN 37214615.525.2800866.833.6598

Argosy University, Orange County601 South Lewis StreetOrange, CA 92868714.620.3700800.716.9598

Argosy University, Phoenix2233 West Dunlap AvenuePhoenix, AZ 85021602.216.2600866.216.2777

Argosy University, Salt Lake City121 Election RoadSuite 300Draper, UT 84020801.601.5000888.639.4756

Argosy University, San Diego1615 Murray Canyon RoadSuite 100San Diego, CA 92108619.321.3000866.505.0333

Argosy University, San Francisco Bay Area1005 Atlantic AvenueAlameda, CA 94501510.217.4700866.215.2777

Argosy University, Sarasota5250 17th StreetSarasota, FL 34235941.379.0404800.331.5995

Argosy University, Schaumburg999 North Plaza DriveSuite 111Schaumburg, IL 60173-5403847.969.4900866.290.2777

Argosy University, Seattle2601-A Elliott AvenueSeattle, WA 98121206.283.4500866.283.2777

Argosy University, Tampa1403 North Howard AvenueTampa, FL 33607 813.393.5290800.850.6488

Argosy University, Twin Cities1515 Central ParkwayEagan, MN 55121651.846.2882888.844.2004

Argosy University, Washington DC1550 Wilson BoulevardSuite 600Arlington, VA 22209 703.526.5800866.703.2777

The Art Institute of California —Hollywood, a campus of Argosy University 5250 Lankershim BoulevardNorth Hollywood, CA 916011.818.299.51001.877.468.6232

The Art Institute of California —Inland Empire, a campus of Argosy University 674 East Brier DriveSan Bernardino, CA 92408-28001.909.915.21001.800.353.0812

The Art Institute of California —Los Angeles, a campus of Argosy University 2900 31st StreetSanta Monica, CA 90405-30351.310.752.47001.888.646.4610

The Art Institute of California —Orange County, a campus of Argosy University 3601 West Sunflower AvenueSanta Ana, CA 92704-79311.714.830.02001.888.549.3055

The Art Institute of California —Sacramento, a campus of Argosy University 2850 Gateway Oaks DriveSuite #100Sacramento, CA 958331.916.830.63201.800.477.1957

The Art Institute of California —San Diego, a campus of Argosy University 7650 Mission Valley RoadSan Diego, CA 92108-44231.858.598.12001.866.275.2422

The Art Institute of California —San Francisco, a campus of Argosy University 1170 Market StreetSan Francisco, CA 94102-49281.415.865.01981.888.493.3261

The Art Institute of California —Silicon Valley, a campus of Argosy University 1120 Kifer RoadSunnyvale, CA 940861.408.962.64001.866.583.7961

Financing Your Argosy University Education Online Programs 2015-2016

argosy.edu

1

Applying for Financial Aid

Making Your Education Affordable

Are You Eligible for Financial Aid?

This guide has been designed to assist you in applying for financial aid for the 2015–2016 award year; which includes the following terms: Summer 2015, Fall 2015, and Spring 2016. Before completing your financial aid application, please continue to read through this guide. It has been written to address most of the questions students have about the financial aid process.

We are pleased you have chosen to pursue your education at Argosy University.

A college education is often one of the largest investments an individual will make.

Argosy University offers a number of financing options to help make your education affordable. Our campus staff is dedicated to helping you achieve your educational goals and will do everything we can to assist you along the way.

The key to successfully financing your education is planning. Establishing a budget to determine your direct and indirect educational costs for the academic year is extremely helpful. Direct costs are tuition, fees, books and supplies. Indirect costs are living expenses, transportation and personal expenses. Housing expenses may be considered a direct or indirect cost, depending on your living arrangements.

Next, determine the resources you have available to assist you in meeting your educational expenses. For example, your earnings from employment or savings may help offset some of the costs. If you’ll be in need of additional resources, apply for financial aid at least two months before the start of the term, or as soon as you are accepted. You can apply for aid online by filing out the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov.

Here are the general eligibility requirements for federal financial aid. Students must:1. be a U.S. citizen, U.S. national, or eligible non-citizen;2. have a valid Social Security Number;3. have a high school diploma, or a General Educational Development (GED) certificate;4. if male, be registered with the Selective Service;5. be enrolled at least half-time in an eligible degree program at a

school participating in federal financial aid programs (for most aid programs);

6. demonstrate financial need (except for some loan programs);7. make satisfactory academic progress, as determined by

the campus;8. sign a statement on the FAFSA certifying federal student aid

will be used only for educational purposes;9. not owe a refund on a federal student grant;10. not be in default on a federal student loan;11. not have borrowed in excess of the maximum allowed for federal loans;12. not have been convicted of certain drug offenses.

2

Please note: All students must complete a FAFSA each year in order to receive financial aid at Argosy University.

m1. Obtain an FSA ID from the U.S. Department of Education. Use your FSA ID when completing your FAFSA on the Web.

If you do not have an FSA ID, you can request one when completing your FAFSA at www.fafsa.ed.gov.

Parents of dependent students will also need to create an FSA ID.

m2. Complete your FAFSA online using FAFSA on the Web at www.fafsa.gov.

It takes approximately one week to process your FAFSA on the Web. The University will then receive an Institutional Student Information Report (ISIR) that contains your FAFSA information.

The FAFSA is used to collect personal and financial information. This information is used to calculate your need and determine your eligibility for financial aid.

You are required to submit this application to be considered for federal aid and for most state-funded aid. If you are an undergraduate, your eligibility for a Federal Pell Grant must be determined before you can be considered for a Federal Direct Loan. The FAFSA is used for that too.

You’ll need your 2014 1040 tax return and maybe your parents’ as well, but only if you’re considered to be a dependent student for purposes of federal financial aid. If eligible, and if you have already filed your taxes, you are encouraged to take advantage of the IRS Data Retrieval System when filing your FAFSA online.

Within four to six weeks (sooner if you use FAFSA on the Web), the Department of Education will send you a Student Aid Report (SAR). It will include your Expected Family Contribution and notify you of your eligibility for a Federal Pell Grant. (If you are eligible, the University will tell you the amount). Read all comments carefully.

If you are an undergraduate, dependent student your parent will need to complete information on the FAFSA.

Some students will need to provide additional information. Review Requested or Missing Documentation on the Student Portal and your SAR.

m3. If you are using Federal Financial Aid for the first time, you must complete a loan entrance interview and the student loan application.

You can complete the application online at the U.S. Department of Education’s Direct Loan website at www.studentloans.gov.

m4. The Office of Student Finance will use your ISIR to construct your financial aid package. This package will be explained in the Award Letter which will be posted on the Student Portal.

The Federal Direct Subsidized and Unsubsidized Direct Loans may be included as part of your Financial Aid Package.

You can complete it online at U.S. Department of Education’s Direct Loan website at www.studentloans.gov.

m5. If you are an undergraduate, dependent student your parent will need to complete information on the FAFSA.

m6. Some students will need to provide additional information. Review Requested or Missing Documentation on the Student Portal and your SAR.

Steps in Applying for Financial Aid3

School Code for use with the FAFSA: Argosy University

All locations—021799

The Award Letter will estimate the types and amount of financial aid for which you are determined eligible.

3

How is Financial Need Determined?Each college determines its own cost of attendance. To meet this cost, the school looks to students (and to parents of dependent students) to make an Expected Family Contribution (EFC). Your EFC normally remains the same, regardless of the school you attend.

The EFC is subtracted from the cost of attendance. The difference is your financial need, which is the amount of aid you are eligible to receive. Financial aid is available to those who qualify.

Your school’s financial aid coordinator puts together your financial aid package, which may include grants, loans, work-study, etc. This package is based on your EFC. Federal regulations permit us to utilize “professional judgments”, in the event of unique circumstances that would impact your financial need. These circumstances should be discussed with the Student Financial Services Department for consideration The financial aid officer may adjust your need analysis to reflect the exceptional circumstances with the appropriate documentation.

The Cost of Attendance budget, also referred to as the cost of education, is established by each institution. It is an estimate of the total amount of money it will cost a student to attend college in a particular year. It is determined using rules established by the U.S. Department of Education. The Cost of Attendance budget includes tuition and fees, books and supplies, loan fees, an allowance for food, housing and transportation, as well as miscellaneous or personal expenses.

Costs unrelated to the completion of a student’s course of study are not included in the student’s cost of attendance. Examples of expenses not considered are car payments, credit card bills, cell phone bills, etc.

The Cost of Attendance determines the maximum amount of aid a student can receive for a particular period of enrollment. Since federal aid is limited, many students do not qualify for enough federal aid to cover the cost of attendance; such students can take out private (also called alternative) loans if they need additional funding.

Cost of Attendance figures vary. They depend on the student’sprogram of study and the length of the period of enrollment.Student Consumer Information Guide for the current cost of attendance worksheet.

Students may receive additional resources to assist them with their educational expenses. These resources include, but are not limited to, tuition reimbursement from an employer, veteran’s benefits, scholarships, teaching assistantships, fellowships, or vocational rehabilitation. It is important to note that students cannot receive aid (including resources) in excess of their cost of attendance budget.

Cost of attendance budget* $25,000

Less Direct Loans –$10,500

Less private scholarship –$ 5,000

Eligibility for additional aid $9,500

Financing Your Argosy University Education

How Much Aid Can You Expect to Receive?

Resources

*Cost of attendance budget is an example budget only.

Direct loan amount example is for an independent second year student. Your loan amount may be different depending on your dependency status, grade level, and prior borrowing amounts.

4

The answer is “No.” The amount of loan money students can borrow is limited. In order to determine how much loan money you can borrow, the first step is to determine your dependency status. To determine dependency status see the FAFSA. Graduate students are always considered to be Independent. The second step is to determine your grade level. The Federal Direct loan program is limited to the amounts listed in the chart below.

Can Students Borrow as Much as They Want from Student Loans?

What Types of Financial Aid are Available?Grants and Scholarships These are awards which typically do not have to be repaid. Funds are provided by a variety of government, civic organizations, professional groups, etc., and by schools. Scholarships are based on academic excellence, personal skills, family affiliations, athletic ability, etc.

Federal Pell Grant This is the basic federal grant program for undergraduate students. Eligibility for the Pell Grant is based on financial need. Need is determined by the data submitted on your Free Application for Federal Student Aid (FAFSA).

(continued on page 5)

Note: These annual loan limit amounts are the maximum amounts you can borrow in both subsidized and unsubsidized loans in an academic year. You can have one type of loan or a combination of both. Because you can’t borrow more than your cost of attendance minus any other financial aid you’ll get, you may receive less than the annual maximum amounts.

The maximum annual and total loan limits include any Direct Loans you may have received under the FFEL Program.

Graduate and professional students enrolled in certain health profession programs may receive additional unsubsidized Direct Loan amounts each academic year beyond those shown above. For these students, there is also an increased aggregate loan limit of $224,000 (maximum $65,500 subsidized).

Year Dependent Undergraduate Student (except students whose parents are unable to obtain PLUS Loans)

Independent UndergraduateStudent (and dependent students whose parents areunable to obtain PLUS Loans)

Graduate and Professional Degree Student

First Year $5,500 — No more than $3,500 of this amount may be in subsidized loans.

$9,500 — No more than $3,500 of this amount may be in subsidized loans.

$20,500 — As of July 1, 2012,subsidized loans are no longeravailable to graduate and professional degree students.

Second Year $6,500—No more than $4,500 of this amount may be in subsidized loans.

$10,500 — No more than $4,500 of this amount may be in subsidized loans.

Maximum Total Debt fromDirect Loans when you graduate (aggregate loan limits)

$31,000 — No more than$23,000 of this amount may be in subsidized loans.

$57,500 — No more than$23,000 of this amount may be in subsidized loans.

$138,500 — No more than$65,500 of this amount may be in subsidized loans. The graduate debt limit includesDirect Loans received for undergraduate study.

Third Year and Beyond (each year)

$7,500 — No more than $5,500 of this amount may be in subsidized loans.

$12,500 — No more than $5,500 of this amount may be in subsidized loans.

5

Financing Your Argosy University Education

Grants for 2015–2016 for full-time, eligible students may be available up to $5,775 per academic year. Part-time students who are eligible for grants may receive smaller amounts. Please contact Student Financial Services for current Pell Grant ranges and to discuss your eligibility. Grants typically do not have to be repaid. As of July 1, 2012, Pell Grants are limited to six years of lifetime eligibility. To confirm your current status, please check your National Student Loan Data System (NSLDS) information.

How payments are made If we have a valid ISIR for you, we can receive your Pell Grant funds directly from the federal government. The credit is automatic as long as your financial paperwork is complete each year, you remain eligible for aid, and you officially register for classes each term. If you have a credit balance because you received a Pell grant, you will receive this credit balance within seven days of the start of the term in order to help provide access to your books.

Federal Supplemental Educational Opportunity Grant (FSEOG) Funds from this federal program are extremely limited, so it isimportant to apply as early as possible. Awards for undergraduate students may vary depending on availability of funds. Awards are based on need and, as withFederal Pell Grants, they are determined from the need analysisof your FAFSA form. Awards are given to students with the lowest EFC according to their FAFSA application. Average awards to eligible full time students are $500 per semester.

How payments are made If we have a valid ISIR for you, we can receive your FSEOG funds directly from the federal government. The credit is automatic as long as your financial paperwork is complete each year, you remain eligible for aid, and you officially register for classes each term. Federal Subsidized Direct Loan The interest rate on subsidized Direct Loans is determined each year on July 1. It is determined by the Treasury Bill rate as of June 1 combined with an additional add-on rate. Once established for that year, the loan maintains a fixed interest rate for the life of the loan. Please contact the Student Financial Services office for the current rate. Interest is subsidized while the student is enrolled at least half time and during the six month grace period. Payments on the principal may be deferred until you drop below half-time status. These loans are administered by the Department of Education, but your school must certify your eligibility for the amount you borrow. You will need to complete a Direct Loan Master Promissory Note (MPN). As of July 1, 2013, once a student has received subsidized loans for 150% of the published time of their academic program the student may not receive any additional subsidized loans. All remaining loan eligibility will be for unsubsidized loans.

Federal Unsubsidized Direct Loan Eligibility is not based on need, so the loan is available regardless of your own income or your family’s income. The amount you borrow must be certified by your school. The interest rate on unsubsidized Direct Loans is determined each year on July 1. It is determined by the Treasury Bill rate as of June 1 combined with an additional add-on rate. Once established for that year, the loan maintains a fixed interest rate for the life of the loan. Please contact the Student Financial Services office for the current rate. Interest is not subsidized while you are in school.

You don’t have to make payments while you are in school, but you are responsible for the interest that accrues on your loan during that time. You may pay the interest if you can afford it. Unpaid accrued interest will be capitalized (added to your loan amount) at repayment. You will then pay interest on a higher loan amount.

These loans are administered by The US Department of Education through the Direct Loan program. You will need to complete a Master Promissory Note (MPN).

An origination fee of is deducted from the amount borrowed for both Subsidized and Unsubsidized Federal Direct Student Loans. Maximum loan amounts may be reduced for loan periods less than an academic year and if the student has previous loans. Please contact Student Financial Services for the most current amounts.

How payments are made for Federal Subsidized and Unsubsisidized Direct Loans Federal Loans are sent directlyto the school. The loan funds are usually automatically creditedto your tuition account. See Student Financial Services for details. If your loan funds have not been received when you start class, we will defer payment for that portion of your school charges until the funds are received, as long as all of the paperwork has been completed. First time students will have their first loan disbursement delayed 30 days.

Federal Parent PLUS Loan Eligibility is not need based, but the amount borrowed must be certified by your school. This loan is for parents of dependent students. The parents must have a good credit history. The interest rate on the Parent PLUS Loan is determined each year on July 1. It is determined by the Treasury Bill rate as of June 1 combined with an additional add-on rate. Once established for that year, the loan maintains a fixed interest rate for the life of the loan. Please contact the Student Financial Services office for the current rate. The interest on this loan is not subsidized.

(continued on page 6)

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Monthly payments on the principal and interest must begin within 60 days of full disbursement. There is no deferment of principal or interest unless the parent also happens to be a student attending school at least half time. These loans are administered by the U.S. Department of Education through the Direct Loan program.

A parent may borrow an amount equal to the difference between a student’s educational costs and the total amount of other financial aid a student receives for each academic year. An origination fee will be deducted proportionately each time a loan disbursement is made.

How payments are made The U.S. Department of Educationelectronically transmits loan funds to the school. The loan proceeds will automatically be transferred to the student’s account; provided all paperwork has been accurately completed and submitted on time. See your Student Financial Aid Officer for more details.

Federal Grad PLUS Loan Eligibility is not need based, but the amount borrowed must be certified by your school. This loan is for graduate students. The student must have a good credit history. The interest rate on the Grad PLUS Loan is determined each year on July 1. It is determined by the Treasury Bill rate as of June 1 combined with an additional add-on rate. Once established for that year, the loan maintains a fixed interest rate for the life of the loan. Please contact the Student Financial Services office for the current rate. The interest on this loan is not subsidized.

Borrowing limits: Parents or graduate students may borrow up to the full cost of attendance minus any financial aid the student receives.

Additional Federal Unsubsidized Loan for Health Professions Full-time students pursuing a Doctoral Degree in Clinical Psychology at one of the campuses listed may qualify for the additional unsubsidized Direct loan up to $12,500 per academic year. The interest rate and repayment terms are the same as the Federal Unsubsidized Direct Loan.

Eligible campuses include Atlanta, Chicago, Hawai`i, Orange County, Phoenix, San Francisco, Schaumburg, Tampa, Twin Cities, and Washington, DC.

The Federal Student Aid Ombudsman Group of the U.S. Department of Education is dedicated to helping resolve disputes related to Direct Loans, Federal Family Education Loan (FFEL) Program loans, Guaranteed Student Loans, and Perkins Loans. The Ombudsman Group is a neutral, informal, and confidential resource to help resolve disputes about your federal student loans. You can contact the Ombudsman at: 877-557-2575 or 202-275-0549 U. S. Department of EducationFSA Ombudsman Group, 830 First Street, N. E., Mail Stop 5144Washington, D.C. 20202-5144 or online at http://studentaid.gov/repay-loans/disputes/prepare

State Aid Programs Many states offer student financial assistance to undergraduate residents with financial need, and some also give awards based on merit or achievement. Argosy University currently participates in grant programs in these states: Arizona, Florida, Georgia, Illinois, Minnesota. Check with your school’s student finance office for additional information.

Argosy University Scholarships and Grants There are alimited number of institutional scholarships and grants availablefor students who meet certain criteria. Many of the scholarships are intended to reduce overall indebtedness of the student and may be used to reduce outstanding balances and/or loan amounts. Please see the campus student finance or admissions office for more information. Due to the limited amount of Institutional funds, students may receive only one Argosy Scholarship at a time.

Financial aid is available to those who qualify.

Important: Please note that any or all federal financial aid programs may be modified or eliminated at any time at the discretion of the U.S. Congress. Please contact your Financial Aid Office for more information.

7

Minimizing Your Educational ExpensesEstablishing and abiding by a budget is essential for almost everyone, but particularly for students. Students should focus on ways to minimize expenses while they are in school. Finding a roommate to share housing expenses can result in significant savings. Car payments can add stress to an already tight budget so use public transportation when possible. Credit cards should be used only in emergency situations.

Above all, borrow only what you need and not necessarily the maximum loan amounts for which you are eligible. Student loans can add up quickly resulting in high payments over an extended period of time.

(See the repayment chart to give you an idea of your monthly loan payment after graduation.) Being frugal while in school can go a long way toward ensuring your future financial stability.

Monthly payment amount

is based on loan amounts

indicated at 6.8% interest

rate, no borrower benefits,

and a 10-year repayment

term with a standard repay-

ment account. Amounts are

rounded to the nearest dollar.

Financing Your Argosy University Education

Monthly Repayment ChartTotal Amount # of Monthly Monthly Total Interest Borrowed Payments Payment Paid

$5,000 120 $58 $1,905

$10,000 120 $115 $3,810

$15,000 120 $173 $5,715

$20,000 120 $230 $7,619

$25,000 120 $288 $9,524

$30,000 120 $345 $11,429

$35,000 120 $403 $13,334

$40,000 120 $460 $15,239

$45,000 120 $518 $17,144

$50,000 120 $575 $19,048

$60,000 120 $690 $22,858

$70,000 120 $806 $26,668

$80,000 120 $921 $32,877

$90,000 120 $1,036 $36,987

$100,000 120 $1,151 $38,097

$110,000 120 $1,266 $41,906

$120,000 120 $1,381 $45,716

$130,000 120 $1,496 $49,525

$140,000 120 $1,611 $53,335

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In addition to the loan limits by grade level, there is an overall maximum amount of Federal Direct loans students can borrow. This is known as the aggregate maximum. Generally, the total loan debt students can have from all Direct Loans combined is: • $31,000 as a dependent undergraduate (up to $23,000 may be subsidized). • $57,500 as an independent undergraduate (only $23,000 of this amount may be in subsidized loans). • $138,500 as a graduate student (only $65,500 of this amount may be in subsidized loans). The graduate debt limit includes any Direct loans received for undergraduate study. • $224,000 as a graduate student who also qualifies for the additional unsubsidized loan for health professions. (only 65,500 of this amount may be in subsidized loans). This limit includes all other undergraduate and graduate Direct loans.

Note: These aggregate maximums include all previously borrowed and still outstanding loans. Students should be aware of theiraggregate loan amount borrowed from all schools at all times.

The amount of the private loan cannot exceed the cost of attendance. A cosigner may be beneficial in helping to be approved for the loan or to help lower the interest rate.

Example:Cost of attendance budget $ 25,000Less Direct loan –$ 5,500Remaining eligibility for private loan $ 19,500

Students may choose to apply for any alternative loan that meets their need. Lenders reserve the right to choose the schools and borrowers that they will approve. We suggest exhausting all other forms of aid before applying for private loans.

Private or alternative loans are subject to credit checks.

The American Opportunity tax credits can help students and parents with expenses for higher education. For example, the Hope Scholarship Credit allows up to $2,500 to be subtracted from federal income taxes for tuition and required fees. This credit is available for the first two years of college for each student in the family.

The Lifetime Learning Credit allows up to $2,000 every year for tuition and required fees for any undergraduate, graduate or professional study. This tax credit is available for each family (not each student).

Your school should send form 1098-T with information needed to claim the Hope Scholarship and Lifetime Learning tax credits. You will need IRS form 8863 to file with your income tax return.

Aggregate Maximum of Federal Loans

The Student Loan Interest Deduction allows up to $2,500 to be deducted from the income on which taxes are paid.

Your lender should send form 1098-E with information needed to claim the student loan interest deduction. IRS forms 1040 and 1040A include an option to claim this deduction.

Note that neither your college nor your lender may provide all the information needed for you to claim these tax benefits. You will need to keep careful records of your educational expenses and how you paid for them. Your financial aid, student loan and academic documents also may be important to help you claim the tax benefits.

Caution: Income restrictions apply to these tax benefits, and other limitations may also apply. Please consult with your tax advisor or refer to IRS Publication 970, Tax Benefits for Education, for additional details.

Private Loans

Tax Benefits for Educational Expenses

9

Dependent and Independent Students See the FAFSA for current dependent/independent student definitions. Graduate students are always considered to be independent.

Cost of Attendance Also referred to as Cost of Education. This is an estimate of the total amount of money it will cost a student to go to school. It usually is expressed as a total for an academic year. It includes tuition and fees, books and supplies, loan fees, an allowance for housing and transportation as well as personal or miscellaneous expenses.

Need Analysis A Free Application for Federal Student Aid (FAFSA) is completed by the student and the parents of a dependent student. It is used to determine how much the student is expected to contribute toward the Cost of Attendance. (The criteria for need analysis are set by the federal government —ultimately by Congress.) The FAFSA is analyzed and the results are sent to you and up to six schools you choose. This form must be completed in order to receive most types of financial aid.

Student Aid Report (SAR) The SAR provides the results of your need analysis. It includes your Expected Family Contribution and notifies you of your eligibility for a Federal Pell Grant. Even if you are not eligible for a Federal Pell Grant, you may qualify for other forms of financial assistance.

Expected Family Contribution (EFC) The amount of money the student (and parents, if applicable) are expected to contribute toward the Cost of Attendance during a school year. The federal government believes that the student and family are primarily responsible for financing the student’s education.

It may be possible to borrow a Federal Direct Unsubsidized Loan, Federal Parent PLUS Loan or an alternative loan to assist in meeting this contribution.

Financial Aid Package An offer to the student from the school’s financial aid office. It contains various types of aid to pay the Cost of Attendance.

Verification Verification is the process by which the school is required to verify the information that students and parents provide on their FAFSA application in order to receive federal financial aid. Students are typically chosen by the government, either at random or due to something that they filed in their application. The school can also choose to verify a student’s record at their discretion. Not all students are chosen for verification. When chosen, students will be required to supply specific signed documentation that will be used to verify that the information supplied on the FAFSA application is accurate. If chosen, this information must be supplied and verified before federal aid can be disbursed to the students’ account..

For additional information, please refer to the federal information located at http://studentaid.ed.gov/resources.

Important Terms for Federal Direct and Plus LoansMaster Promissory Note (MPN) The MPN contains your promise to repay the loans you borrow with this Note. With the MPN you may borrow additional loans during the current year or in subsequent years—for up to 10 years. This means you don’t have to fill out new loan promissory notes each year to obtain Direct Loans.

Notice of Loan Guarantee and Disclosure Statement This is the official notification from the guarantor and lender that your loan is approved. It also contains essential information about the terms and conditions of the loan, including the interest rate, the net amount of the disbursements with the estimated dates they will be sent to your school, and any origination and default (previously called guarantee) fees that are deducted from the gross amount of the loan.

Financing Your Argosy University Education

Important Terms

10

Disbursement This is the transfer of funds from the lender to you, the borrower. Disbursements are sent in two or more transactions, and they are typically sent via Electronic Funds Transfer (EFT) directly to your school. When you accept the student loan funds, you accept the responsibility of repaying the loan.

Origination Fee This fee is deducted from the loan proceeds and goes to the U.S. Department of Education to help support the student loan program.

Default Fee This fee may also be deducted from the loan funds and goes to the state or independent agency (the guarantor) that insures your loan. If you default—fail to repay the loan—the guarantor pays off the loan and eventually collects the money from you.

Loan Period The range of dates which corresponds to your enrollment during the academic year.

Principal The amount borrowed plus the amount of interest capitalized.

Interest The cost of borrowing money. The interest rate is charged as a percentage of the principal.

Accrued Interest Interest that has accumulated on the unpaid principal balance of a loan.

Capitalizing Interest Accrued interest is added to the principal. When this is done, the borrower is paying interest on interest. Some lenders capitalize interest less often than others, which results in savings to the borrower.

Repayment Your monthly loan payments are set up on a schedule. There are several repayment plans available for federally backed student loans. Note that your credit rating may be adversely affected if your repayment schedule is not maintained. Keep in touch and notify your lender or servicer immediately in cases where your income or ability to pay is in jeopardy, for example, with an illness or loss of employment. Most lenders will make adjustments to the schedule when possible.

Payment Amount This is a combination of principal and interest due each month.

Multiple Loans It may be necessary to borrow more than one loan to meet your Cost of Attendance. You may be able to borrow from more than one loan program at the same time. Each program carries a minimum monthly payment, but you can investigate combined payments or Federal Consolidation Loans.

Selling and/or Servicing Your Loan Lenders have three options for handling your loan.

1. The lender keeps the loan and works directly with you until the loan is paid in full.

2. The lender keeps the loan but hires a company (servicer) to work directly with you.

3. If the loan is sold to another lender or secondary market, the may hire a servicer to work with you. If your loan is sold or transferred to another company, you will be notified. Be sure to inform your lender if you change addresses or phone numbers.

Default This is the failure to repay a student loan according to your promissory note. If you default on a student loan—before or after leaving school—the guarantor or federal government can take legal action to recover the money. Default will affect your credit rating, and you will not be able to receive additional federal financial aid for your education until you have taken certain steps toward repaying your loan.

Note: You are obligated to repay your loan even if: • you do not complete your educational program;• you are not satisfied with the education or other services you received from a school;• you cannot find employment (although you may apply to defer payment for a specified time).

Remember: The amount of money you borrow to pay for educational expenses can affect your borrowing power after completing school. Because you might need to borrow some money later on, borrow now only the minimum amount you need to cover your educational expenses.

11

All students, regardless of the financial option they choose, must select a payment plan and may be asked to sign a payment agreement.

Payment in Full Tuition and fees paid in full at registration.

Monthly Payment Arrangements Students may make payment options with their Finance Counselor. There are several flexible options available.

Financial Aid Students who apply for financial aid will access an award letter on the student portal describing the types and amounts of funds they can expect each term. Financial aid funds are usually sent directly to Argosy University. Students who receive aid in excess of their charges will be refunded the overage in the early part of the term. This overage, called a stipend, may be used to meet indirect educational expenses.

If financial aid is not sufficient to cover tuition and fees, the student must make arrangements to pay the difference in full.

Financing Your Argosy University Education

Access Your Financial Aid Information Anytime!

Argosy University’s Financing Options

• Do you want to know what funds you can expect to receive?• Do you need to know what documents you’re missing to complete your file?• Are you curious to know if your aid has been posted to your account?• Do you want to know your account balance?

Go to www.argosy.edu and click to enter secure area. You will have secure online access to financial aid forms in addition to all of your financial aid information any time of the day or night.

You need to reapply for financial aid each year. Even if you applied for aid the previous year, you must fill out a new FAFSA for each additional year you’re requesting aid. The Student Financial Aid Officers are ready to help you through the application process.

How to maintain my eligibility for financial aidThis is a key point! After you enroll at the school and accept financial aid, you agree to take on specific responsibilities and retain certain rights. Here are some pointers to help you maintain your eligibility for financial aid:

1. Take the full load of classes that are scheduled for you. Aid may be reduced or canceled if your class schedule is reduced.

2. Keep copies of tax returns and other records. Federal regulations require random verification of financial aid applications, so you and/or your parents may be asked to provide copies of your tax returns or to demonstrate that you were not required to file a return.

3. Maintain satisfactory academic progress toward your educational goals as defined in the school catalog and student handbook.

4. Notify Student Financial Services if you receive any financial assistance that is not reported on your student financial plan, including any outside scholarships and private loans. Be aware that when you apply for financial aid, the assistance offered is subject to final funding authorization established by the U.S. Congress and state legislatures.

5. Reapply on time, accurately, and complete all applications and forms that are requested.

6. Stay up to date! Regulatory changes may bring about new rules and eligibility for financial aid, which could change your awards. There are substantial changes to federal awards each year that affect yearly aid availability and eligibility, along with maximum and aggregate eligibility.

Important: Please note that any or all federal financial aid programs may be modified or eliminated at any time at the discretion of the U.S. Congress.

Maintaining Eligibility for Financial Aid

12

The following information is available at your request.

1. Institutional information regarding costs, refund policies, programs of study, transfer of credits, accrediting, approvals and licensing, special facilities and services for students with disabilities, and other information is available through the Campus Common, in the school catalog and in the enrollment agreement.

2. Family Educational Rights and Privacy Act (FERPA) — this act explains your rights and procedures regarding inspection and review of your education records, correction of inaccurate or misleading information, consent to disclose information, institutional criteria for who is a school official, what constitutes a legitimate educational interest, and filing complaints with the Department of Education. Information is available through the Admissions Office, in the school catalog and in the Student Handbook; it is also available to your parent on request, if they meet the definition of a parent under FERPA.

3. Financial Assistance Information — a description of all the financial assistance programs available to students is available in the Campus Common. The information available includes eligibility requirements, application procedures, forms and deadlines, criteria for receiving and continuing to receive financial assistance, student rights and responsibilities, criteria for satisfactory academic progress, terms of loans, terms of employment, frequency of and method by which aid is disbursed, entrance and exit counseling, terms of any loan repayment deferments for service.

4. Institutional security policies and crime statistics (called “Crime Report”) are available through the Campus Common. This includes a breakdown of crimes occurring on campus reported to local police agencies or to campus security. It also includes school policies and programs for reporting crimes, law enforcement and security on campus, drug and alcohol offenses, prevention of sex crimes, and other information related to campus crime and security.

5. Information on completion rates for first-time undergraduate students is available through the Campus Common. These rates are calculated according to guidelines in the “Student Right to Know” Act.

6. Drug and alcohol abuse prevention information is available in the Student Handbook and through the Campus Common.

7. A student who is convicted for any offense, during a period of enrollment for which the student was receiving Federal Title IV, HEA program funds, under any Federal or State law involving the possession or sale of illegal drugs will result in the loss of eligibility for any Federal Title IV, HEA grant, loan, or work-study assistance.

8. Borrowers of any Federal Student Loans will have their loan information reported to the National Student Loan Data System. The loan information will be accessible by guaranty agencies, lenders, and post-secondary institutions determined to be authorized users of the data system.

Note: It is the responsibility of each student to carefully review and understand all documentation, including but not limited to, their Enrollment Agreement, Application, Award Letter, Master Promissory Note, school catalog, Guide to Federal Financial Aid, and all loan disclosures, regarding their financial aid rights and responsibilities. Students are also required to know their current aggregate amounts borrowed under all loan programs and amounts received under the Pell Grant program. Changing programs, institutions, attendance level along with failing or dropping courses will directly impact SAP (Satisfactory Academic Progress - defined in school catalog) and financial aid eligibility and aggregate amounts. All students are encouraged to ask a Student Financial Services professional at the school for any guidance they might need or to access all federal resources previously listed in this guide.

FAFSA ON THE WEB www.fafsa.ed.gov

U.S. DEPARTMENT OF EDUCATION www.studentaid.ed.gov

STUDENT AID ALLIANCE www.StudentAidAlliance.org

FINANCIAL AID INFO/CALCULATOR www.collegeanswer.comwww.finaid.orgwww.edwise.org

FREE SCHOLARSHIP SEARCHES www.finaid.org/scholarshipswww.fastweb.comwww.collegeboard.orgwww.collegeplan.org

LOAN CALCULATORwww.finaid.org/calculators

LOAN AND PELL GRANT INFORMATIONwww.nslds.ed.gov

Financial Aid Websites

For More Information

Argosy University online students, please call (866) 427-4679.

Argosy University is accredited by the Senior College and University Commission of the Western Association of Schools and Colleges (985 Atlantic Avenue, Suite 100, Alameda, California, 94501, http://www.wascsenior.org). See auprograms.info for program duration, tuition, fees and other costs, median debt, federal salary data, alumni success, and other important information. Programs, credential levels, technology and scheduling options vary by campus and are subject to change. Administrative office: Argosy University, 333 City Boulevard West, Suite 1810, Orange, CA 92868 ©2015 Argosy University. AU-1532 6/15

ATLANTA980 Hammond DriveSuite 100Atlanta, GA 30328770.671.1200888.671.4777

CHICAGO225 North Michigan AvenueSuite 1300Chicago, IL 60601312.777.7600800.626.4123

DALLAS5001 Lyndon B. Johnson FreewayHeritage SquareFarmers Branch, TX 75244214.890.9900866.954.9900

DENVER7600 E. Eastman AvenueDenver, CO 80231303.923.4110866.431.5981

HAWAI`I1001 Bishop StreetSuite 400Honolulu, HI 96813808.536.5555888.323.2777

INLAND EMPIRE3401 Centrelake DriveSuite 200Ontario, CA 91761909.472.0800866.217.9075

LOS ANGELES5230 Pacific ConcourseSuite 200Los Angeles, CA 90045310.866.4000866.505.0332

NASHVILLE100 Centerview DriveSuite 225Nashville, TN 37214615.525.2800866.833.6598

ORANGE COUNTY601 South Lewis StreetOrange, CA 92868714.620.3700800.716.9598

PHOENIX2233 West Dunlap AvenuePhoenix, AZ 85021602.216.2600866.216.2777

SALT LAKE CITY121 Election RoadSuite 300Draper, UT 84020801.601.5000888.639.4756

SAN DIEGO1615 Murray Canyon RoadSuite 100San Diego, CA 92108619.321.3000866.505.0333

SAN FRANCISCO BAY AREA1005 Atlantic AvenueAlameda, CA 94501510.217.4700866.215.2777

SARASOTA5250 17th StreetSarasota, FL 34235941.379.0404800.331.5995

SCHAUMBURG999 North Plaza DriveSuite 111Schaumburg, IL 60173-5403847.969.4900866.290.2777

SEATTLE2601-A Elliott AvenueSeattle, WA 98121206.283.4500866.283.2777

TAMPA1403 North Howard AvenueTampa, FL 33607 813.393.5290800.850.6488

TWIN CITIES1515 Central ParkwayEagan, MN 55121651.846.2882888.844.2004

WASHINGTON DC1550 Wilson BoulevardSuite 600Arlington, VA 22209 703.526.5800866.703.2777

MM / DD / YYYY

University of the United States (UUS)Student Name, Identifier

Estimated Cost of Attendance $X,XXX / yr

$

Total Grants and Scholarships ("Gift" Aid; no repayment needed) $X,XXX / yr

$

Net Costs $X,XXX / yr

$

$

Family Contribution $X,XXX / yr

Payment plan offered by the institution

Parent or Graduate PLUS Loans

American Opportunity Tax Credit *

Military and/or National Service benefits

Non-Federal private education loan

Tuition and fees X,XXX

Housing and meals X,XXX

Books and supplies X,XXX

Transportation X,XXX

Other education costs X,XXX

Grants and scholarships from your school X,XXX

Federal Pell Grant X,XXX

Grants from your state X,XXX

Other scholarships you can use X,XXX

(Cost of attendance minus total grants and scholarships)

Options to pay net costs

Work-Study (Federal, state, or institutional) X,XXX

Federal Perkins Loan X,XXX

Federal Direct Subsidized Loan X,XXX

Federal Direct Unsubsidized Loan X,XXX

*Recommended amounts shown here. You may be eligible for a different amount. Contact your financial aid office.

(As calculated by the institution using information reported on the FAFSA or to your institution.)

*Parents or students may qualify to receive up to $2,500 by claiming the American Opportunity Tax Credit on their tax

return during the following calendar year.

Graduation Rate

Percentage of full-timestudents who graduatewithin 6 years

XX.X%

Loan Default Rate

Percentage of borrowersentering repayment anddefaulting on their loan

X.X%

This institution

X.X%

National

Median Borrowing

Students who borrow atUUS typically take out$X,XXX in Federal loansfor their undergraduatestudy. The Federal loanpayment over 10 years forthis amount isapproximately $X,XXX permonth. Your borrowing maybe different.

Repaying your loans

To learn about loan repayment choices

and work out your Federal Loan

monthly payment, go to:

http://studentaid.ed.gov/repay-

loans/understand/plans

For more information and next steps:

University of the United States (UUS)

Financial Aid Office

123 Main Street

Anytown, ST 12345

Telephone: (123) 456-7890

E-mail: financialaid@uus.edu

Customized information from UUS

Glossary

Cost of Attendance (COA): The total amount (not including grants and scholarships) that it will cost you to go to school during the 2015–16 school year.COA includes tuition and fees; housing and meals; and allowances for books, supplies, transportation, loan fees, and dependent care. It also includesmiscellaneous and personal expenses, such as an allowance for the rental or purchase of a personal computer; costs related to a disability; and reasonablecosts for eligible study-abroad programs. For students attending less than half-time, the COA includes tuition and fees; an allowance for books, supplies, andtransportation; and dependent care expenses.

Total Grants and Scholarships: Student aid funds that do not have to be repaid. Grants are often need-based, while scholarships are usually merit-based.Occasionally you might have to pay back part or all of a grant if, for example, you withdraw from school before finishing a semester.

Net Costs: An estimate of the actual costs that you or your family will need to pay during the 2015–16 school year to cover education expenses at a particularschool. Net costs are determined by taking the institution's cost of attendance and subtracting your grants and scholarships.

Work-Study: A federal student aid program that provides part-time employment while you are enrolled in school to help pay your education expenses.

Loans: Borrowed money that must be repaid with interest. Loans from the federal government typically have a lower interest rate than loans from privatelenders. Federal loans, listed from most advantageous to least advantageous, are called Federal Perkins Loans, Direct Subsidized Loans, Direct UnsubsidizedLoans, and Direct PLUS Loans. You can find more information about federal loans at StudentAid.gov.

Family Contribution (also referred to as Expected Family Contribution): A number used by a school to calculate how much financial aid you areeligible to receive, if any. It’s based on the financial information you provided in your Free Application for Federal Student Aid (FAFSA). It’s not the amount ofmoney your family will have to pay for college, nor is it the amount of federal student aid you will receive. The family contribution is reported to you on yourStudent Aid Report, also known as the SAR.

Graduation Rate: The percentage of students who graduate from an institution. This shows students who began their studies as first-time, full-time degree- orcertificate-seeking students and completed their degree or certificate within 150 percent of "normal time." For example, for a four-year school, the graduationrate would be the percentage of students who completed that program within six years or less.

Loan Default Rate: The percentage of student borrowers – undergraduate and graduate – who have failed to repay their federal loans within three years ofleaving a particular school. A low loan default rate could mean that the institution’s students are earning enough income after leaving school to successfullyrepay their loans.

Median Borrowing: The amount in federal loans the typical undergraduate student takes out at a particular institution. It also indicates the monthly paymentsthat an average student would pay on that amount using a 10-year repayment plan.

Customized information from UUS

Argosy University, Phoenix (AU)

Estimated Cost of Attendance $ 24,237.00 / yr

$

Total Grants and Scholarships ("Gift" Aid; no repayment needed) $ 0.00 / yr

$

Net Costs $ 24,237.00 / yr

$

$

Family Contribution N/A / yr

Payment plan offered by the institution

Parent or Graduate PLUS Loans

American Opportunity Tax Credit *

Military and/or National Service benefits

Non-Federal private education loan

Costs in the 2015-16 year

Tuition and fees 13,464.00

Housing and meals 6,300.00

Books and supplies 0.00

Transportation 990.00

Other education costs 3,483.00

Grants and scholarships to pay for college

Grants and scholarships from your school N/A

Federal Pell Grant N/A

Grants from your state N/A

Other scholarships you can use N/A

What will you pay for college

(Cost of attendance minus total grants and scholarships)

Options to pay net costs

Work options

Work-Study (Federal, state, or institutional) N/A

Loan Options*

Federal Perkins Loan 0.00

Federal Direct Subsidized Loan 0.00

Federal Direct Unsubsidized Loan 0.00

*Recommended amounts shown here. You may be eligible for a different amount. Contact your financial aid office.

Other options

(As calculated by the institution using information reported on the FAFSA or to your institution.)

*Parents or students may qualify to receive up to $2,500 by claiming the American Opportunity Tax Credit on their tax

return during the following calendar year.

Graduation Rate

This institution did notenroll full-time, first-time undergraduatestudents in the cohortyear 2006

Loan Default Rate

Percentage of borrowersentering repayment anddefaulting on their loan

19.4%

This institution

13.7%

National

Median Borrowing

Students who borrow atAU typically take out$12,955 in Federal loans fortheir undergraduate study.The Federal loan paymentover 10 years for thisamount is approximately$135.26 per month. Yourborrowing may be different.

Repaying your loans

To learn about loan repayment choices

and work out your Federal Loan

monthly payment, go to:

http://studentaid.ed.gov/repay-

loans/understand/plans

For more information and next steps:

Argosy University, Phoenix (AU)

Financial Aid Office

2233 W. Dunlap Avenue Suite 150

Phoenix , AZ 85021

Telephone: 1-866-4ARGOSY

E-mail: studentsupport@argosyu.edu

9/9/2015

Program of Study: Psychology (AA) - Non-Term Program Version

Glossary

Cost of Attendance (COA): The total amount (not including grants and scholarships) that it will cost you to go to school during the 2015-16 school year. COA

includes tuition and fees; housing and meals; and allowances for books, supplies, transportation, loan fees, and dependent care. It also includes miscellaneous

and personal expenses, such as an allowance for the rental or purchase of a personal computer; costs related to a disability; and reasonable costs for eligible

study-abroad programs. For students attending less than half-time, the COA includes tuition and fees; an allowance for books, supplies, and transportation; and

dependent care expenses.

Total Grants and Scholarships: Student aid funds that do not have to be repaid. Grants are often need-based, while scholarships are usually merit-based.

Occasionally you might have to pay back part or all of a grant if, for example, you withdraw from school before finishing a semester.

Net Costs: An estimate of the actual costs that you or your family will need to pay during the 2015-16 school year to cover education expenses at a particular

school. Net costs are determined by taking the institution's cost of attendance and subtracting your grants and scholarships.

Work-Study: A federal student aid program that provides part-time employment while you are enrolled in school to help pay your education expenses.

Loans: Borrowed money that must be repaid with interest. Loans from the federal government typically have a lower interest rate than loans from private

lenders. Federal loans, listed from most advantageous to least advantageous, are called Federal Perkins Loans, Direct Subsidized Loans, Direct Unsubsidized

Loans, and Direct PLUS Loans. You can find more information about federal loans at StudentAid.gov.

Family Contribution (also referred to as Expected Family Contribution): A number used by a school to calculate how much financial aid you are eligible

to receive, if any. It’s based on the financial information you provided in your Free Application for Federal Student Aid (FAFSA). It’s not the amount of money yourfamily will have to pay for college, nor is it the amount of federal student aid you will receive. The family contribution is reported to you on your Student Aid

Report, also known as the SAR.

Graduation Rate: The percentage of students who graduate from an institution. This shows students who began their studies as first-time, full-time degree- or

certificate-seeking students and completed their degree or certificate within 150 percent of "normal time." For example, for a four-year school, the graduation rate

would be the percentage of students who completed that program within six years or less.

Loan Default Rate: The percentage of student borrowers – undergraduate and graduate – who have failed to repay their federal loans within three years ofleaving a particular school. A low loan default rate could mean that the institution’s students are earning enough income after leaving school to successfully repaytheir loans.

Median Borrowing: The amount in federal loans the typical undergraduate student takes out at a particular institution. It also indicates the monthly payments that

an average student would pay on that amount using a 10-year repayment plan.

The Financial Aid Shopping Sheet (“Shopping Sheet”) is a consumer tool that is designed to simplify the information that prospective students receive about costsand financial aid, so that they can make informed decisions about which postsecondary institution to attend. The estimated cost of attendance is for one academic

year and is based on your indicated program of interest for a full-time and non-military student living off-campus. Your actual cost of attendance may differ.

Estimated financial aid amounts will be provided in an updated Shopping Sheet should you elect to apply for aid by filing a Free Application for Federal Student Aid

(FAFSA).

School Form: Argosy University

MILITARY AND VETERAN STUDENT INITIAL EDUCATIONAL PLAN

Student Name: _________________________________ Student ID Number: ______________

Major: __________________________________________ Degree: ___________________

Start Date: ________________________ Expected Graduation Date: __________________

Credits Needed to Graduate: _________ Remedial Credits Needed: _________

Transfer Credits Granted: ____________ Total Credits Needed to Graduate: __________

• Attached please find the student Degree Audit Plan. Contained in the Plan are all general education courses, required courses, elective courses, and other requirements for graduation.

• The school’s catalog can be found at the following link: ____________________________.

This link contains details regarding the minimum passing grade for each course as well as the Satisfactory Academic Progress Policy that dictates the minimum cumulative grade point average needed. Other academic graduation requirements such as comprehensive exams, dissertation, and/or portfolio are also described in the school catalog.

Student Signature: _____________________________________ Date of Plan: ____________________

Academic Advisor Signature: _________________________________________

A second updated student educational plan must be provided to the student within 60 days after full acceptance to school OR after all required academic transcripts are received by the school OR the student completes 6 semester/9 quarter credits WHICHEVER IS ACHIEVED FIRST.

School Form: Argosy University

MILITARY AND VETERAN STUDENT SECOND EDUCATIONAL PLAN

Student Name: ____________________________________ Student ID Number: ______________

Major: ___________________________________________ Degree: ___________________

Start Date: ________________________ Expected Graduation Date: __________________

Credits Needed to Graduate: _________ Remedial Credits Needed: _________

Transfer Credits Granted: ______________ Credits Earned since Initial Plan Meeting: __________

Total Credits Needed to Graduate: _____________

• Attached please find the student Degree Audit Plan. Contained in the Plan are all general education courses, required courses, elective courses, and other requirements for graduation.

Minimum Passing Grade per course: _______________ Required CGPA for Graduation: ____________

If a different minimum passing grade exists for certain courses, please indicate:

____________________________________________________________________________________

____________________________________________________________________________________

____________________________________________________________________________________

____________________________________________________________________________________

If academic requirements, outside of coursework, exist, please indicate:

____________________________________________________________________________________

____________________________________________________________________________________

____________________________________________________________________________________

____________________________________________________________________________________

Student Signature: _____________________________________ Date of Plan: ____________________

Academic Advisor Signature: _________________________________________

THE COLLEGE SCORECARDhttp://collegecost.ed.gov/scorecard/• The College Scorecard is a planning tool

and resource to assist prospective studentsand their families as they evaluate optionsin selecting a school.

• Each scorecard provides five key pieces ofinformation about a college: cost, graduationrate, loan default rate, median borrowing,and employment.

• Users may search for a school by name ornarrow the number of choices by selectingspecific criteria such as program majorsoffered by the school, location, institutionsize, etc.

THE COLLEGE NAV IGATOR http://nces.ed.gov/collegenavigator/• The College Navigator is a consumer tool

that provides school information to includetuition and fees, retention and graduationrates, use of financial aid, student loandefault rates and features a cost calculatorand school comparison tool.

• This tool is similar to the Scorecard.However, it provides further detailedinformation with the additional benefit ofbeing able to select institutions and comparethem side-by-side.

• By adding schools to “My Favorites,” youcan then select and compare them side-by-side.

The following are resources and tools provided by the Department of Education (ED) and the Consumer Financial Protection Bureau (CFPB) to assist you in comparing institutions and making informed decisions about where to attend school. Within this memo, please find instructions regarding the proper usage of these tools. Please speak with your Financial Counselor/ Financial Aid Officer directly for additional instructions or if you have questions regarding the information on the websites:

THE FINANCI AL AI D SHOPPING SHEET http://www2.ed.gov/policy/highered/guid/aid-offer/index.html • The Financial Aid Shopping Sheet is a

model aid award letter designed to simplifythe information that prospective studentsreceive about costs and financial aid so theycan easily compare institutions and makeinformed decisions about where to attendschool.

• The Shopping Sheet can provide estimatedcosts for the current academic year, but acomplete overview will not be able to beprovided until the institution has receivedthe results of the student’s FAFSA, if thestudent chooses to apply, and has evaluatedany additional aid and awards for which thestudent may be eligible.

• The most recent version (2015-2016) also provides a glossary of terms present on the Shopping Sheet for provide furtherclarification.

THE “PAYING FOR COLLEGE” WEBPAGEhttp://www.consumerfinance.gov/paying-for-college/• The “Paying for College” webpage can be

used by prospective students to enter thenames of up to three schools and receivedetailed financial information on each oneand to enter actual financial aid awardinformation.

• Ideally, this will be utilized after thestudent has received financial aid eligibilityinformation from each institution and cancompare them side-by-side.

AFFIRMATION OF RECEIPTAND UNDERSTANDING OF DISCLOSURES:I do affirm I have received and understand the contents of, including but not limited to, the following disclosures about this institution. I have been given the opportunity to ask questions and receive explanations of any parts of the disclosures that were not clear to me. I also understand who I may contact at the institution with any additional questions regarding the disclosures.

• A Student Financial Services Guide for those using Military Benefits

• A personalized Financial Aid Shopping Sheet;

• The institution’s Financial Aid Guide which includes valuable consumer information;

• The total cost of the educational program, including tuition and fees;

• The amount of that cost that will be covered by Federal educational benefits;

• The type and amount of financial aid the student may qualify for;

• The student’s estimated student loan debt upon graduation;

• Information and contact details regarding institutional accreditation, state licensing, programmaticaccreditation and veteran affairs statements;

• Gainful employment information regarding the institution’s academic program durations by location,tuition, fees and other costs, graduation rate, median debt, occupations related to programs, federalsalary data, placement, and other important information;

• Information regarding the institution’s Federal student loan cohort default rate and student retentionrate as defined by the Higher Education Act of 1965, and total enrollment;

• Information regarding the institution’s transfer of credit policies;

• Information regarding the policy for readmission from military deployment;

• Information regarding individual education plans developed and reviewed with students; and

• Provided with an advising point of contact for students regarding academic support, career counselingand job placement as well as other support services.

• If a Department of Defense Tuition Assistance beneficiary, information regarding the usage of consumerresources and tools provided by the Department of Education (ED) and the Consumer FinancialProtection Bureau (CFPB) when comparing schools.

_____________________________________________ ____________________________________Student Name (Print) Student ID # (If Applicable)

_____________________________________________Program of Study

_____________________________________________ ____________________________________Student Signature Date

V E R S I ON 9/1/2015 {D 0493498.DOC / 1 }