Eligibility for the following programs is based upon receipt and evaluation of the result of the Free Application for Federal Student Aid (FAFSA).
Federal Direct Loans
Eligibility for Federal Direct Loans is determined by the completion of the Free Application for Federal Student Aid (FAFSA). When a student or parent of a student receives a federal student loan, information about this loan will be submitted to the National Student Loan Data System (NSLDS), and it will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system. Borrowers may also access this information by going to www.nslds.ed.gov.
Students may receive loans for up to 150 percent of the time needed to complete an undergraduate degree.
Visit www.studentaid.gov for additional information on federal loans, including interest rates, origination fees, and repayment options.
Students with previous military experience may be eligible for certain benefits. Contact the Department of Veterans Affairs (VA) records center and obtain a certificate of eligibility before school begins. Bring the certification to the SWAU Department of Records. After registration, notification of enrollment will be sent to the VA.
If you're a veteran who qualifies for full benefits under the Veterans Administration Post-9/11 GI Bill®, the VA will cover the full cost of your tuition. You may also receive a housing allowance and money to purchase textbooks and class materials.
Steps for Receiving VA Benefits
Complete application via VONAPP at www.gibill.va.gov.
Submit the following: VA Certificate of Eligibility and DD-214 (either your own or the person who is transferring the benefits to you).
Register for classes.
SWAU will certify your enrollment via the VA-ONCE online system.
VA is responsible for processing certification and disbursing funds. Please note: VA processing may take over 30 days.
Education Programs for Veterans
A comprehensive comparison can be found on the GI Bill website.
Refer to the Guide to Online Military Student Resources for more information.
Code of Conduct
To comply with the 2008 Higher Education Opportunity Act, Southwestern Adventist University adopts the following Code of Conduct to provide guidance to University employees in ensuring the integrity of the student aid process and in ensuring ethical conduct of University employees in regard to student loan practices. Our officers, employees, trustees, and agents, including the alumni association and other organizations associated with Southwestern Adventist University, agree to the provisions of this Code of Conduct and will refrain from:
- Accepting philanthropic contributions from a lender, lender servicer, or guarantor that are related to the educational loans provided by the entity that is making the contribution.
- Serving on or otherwise participating as a member of an advisory council for a lender, lender affiliate, or lender servicer unless one would recuse themselves from decisions regarding private loans.
- Accepting from a lender or its affiliate any fee, payment, or other financial benefit as compensation for any type of consulting arrangement or other contract to provide education loan-related services to or on behalf of the lender.
In addition, Student Financial Services staff will refrain from:
- Accepting fees or other benefits in exchange for endorsing a lender or the lender's loan products.
- Requesting or accepting an offer of funds for private education loans from a lender, in exchange for our promise to provide the lender with placement on a preferred lender list, or a certain number of volume of private education loans.
- Refusing to certify or delay the certification of an education loan based on a borrower's choice of lender.
- Assigning a first-time borrower to a particular private education loan lender through the student's financial aid award or another means.
- Packaging a private education loan in a student's financial aid award, except when the student is ineligible for other financial aid, has exhausted his or her federal student aid eligibility, has not filed a Free Application for Federal Student Aid, or refuses to apply for a federal student loan.
- Accepting impermissible gifts, goods, or services from a lender, lender servicer, or guarantor. The institution may accept default prevention, financial literacy, or student aid-related educational services or materials, or other items of a nominal value.
- Receiving anything of value other than reimbursement of reasonable expenses while serving on an advisory board, commission, or group established by a lender or group of lenders.
Southwestern Adventist University is committed to providing the information and resources necessary to help every student achieve educational success. The financial aid staff will consider each student's needs to accomplish this goal.