The Arizona Board of Regents reserves the right to change fees and charges without notice. The current semester Schedule of Classes generally reflects up-to-date fee amounts.
The following fees apply to both credit and noncredit (audit) registrations and are subject to change.
DEFINITIONS
Resident tuition refers to the charge assessed to all resident students who register for classes at ASU. Nonresident tuition refers to the charge assessed to nonresident students, as established in Arizona Board of Regents’ Policy 4–102. - Back to Top
ACADEMIC YEAR TUITION
The resident and nonresident tuition for fall and spring semesters is shown in the “1998–99 Resident and Nonresident Tuition” table below. The amounts listed are per semester hour each academic term. For more information on classification for fee status, see “Residency Classification Procedures and Policies.”
Students registered for seven or more hours are considered full-time for tuition payment purposes. See “Enrollment Verification Guidelines.”
Note: The rate for one hour is charged if the student is registered for only a zero-hour class.
College of Business Fee. Beginning with the 1997–98 academic year, an annual program fee will be assessed for resident and nonresident M.B.A. and select professional business master’s degree students who begin their first year in the programs in the fall of 1997 or thereafter (i.e., 1997–98 academic year, $1,000.00; 1998–99 academic year, $2,000.00). Contact the College of Business for more information.
College of Law Fee. Effective fall 1998, rates for admitted full-time law students will be $1,187.50 more per semester than standard resident or nonresident rates. In fall 1999, those rates will increase to $1,375.00 more per semester. See the current semester Schedule of Classes for fee amounts.
College of Nursing Fee. Effective summer 1998, a one-time program fee of $6,300.00 will be assessed for students admitted into the off-campus Post-Master’s Family Nurse Practitioner program. Contact the College of Nursing for more information.
Off-Campus and Independent Learning Courses. For information on fees for off-campus and independent learning courses, see the “College of Extended Education.”
Summer Sessions Fees. The 1998 registration fee per semester hour is $105.00 except for law students. The registration fee per semester hour for law students is $209.00. For more information on the summer sessions, see “Summer Sessions” and the Summer Sessions Bulletin..
1998–99 Resident and Nonresident Tuition
| Semester Hours | Resident Tuition* | Nonresident Tuition* | |
| 1 | $ 110.00 | $ 377.00 | |
| 2 | 220.00 | 754.00 | |
| 3 | 330.00 | 1,131.00 | |
| 4 | 440.00 | 1,508.00 | |
| 5 | 550.00 | 1,885.00 | |
| 6 | 660.00 | 2,262.00 | |
| 7 | 1,044.00 | 2,639.00 | |
| 8 | 1,044.00 | 3,016.00 | |
| 9 | 1,044.00 | 3,393.00 | |
| 10 | 1,044.00 | 3,770.00 | |
| 11 | 1,044.00 | 4,147.00 | |
| 12 | or more | 1,044.00 | 4,520.00 |
| * | In addition to tuition, students are charged other fees (e.g., the Student Recreation Complex fee and financial aid trust fee). Specialized fees adopted by the Arizona Board of Regents for selected graduate professional programs apply to students in the colleges of Business, Law, and Nursing (see above). - Back to Top |
OTHER FEES, DEPOSITS, AND CHARGES
Special Class Fees and Deposits. Certain university classes require payment of fees or deposits for materials, breakage, and rentals. These fees and deposits are listed in the Schedule of Classes for each semester. See the “Special Class Fees and Deposits” table.
Student Recreation Complex Fee. All students (except university employees) who take at least one class at ASU Main must pay a mandatory Student Recreation Complex fee. Full-time (seven or more hours) students are charged $25.00 per semester. Part-time students pay $12.00 per semester, and summer students pay a per semester hour fee. See the current semester Schedule of Classes for more information.
Financial Aid Trust Fee. All students must pay a financial aid trust fee. Full-time (seven or more hours) students are charged no more than one percent of the current tuition. The fee for students enrolled six or fewer hours is half that charged full-time students. The total summer sessions fee does not exceed the amount for a full-time student. Fees collected from students are matched by the State of Arizona and used to create a Financial Aid Trust Fund, from which student grants are awarded under the usual financial aid eligibility criteria available at the ASU Student Financial Assistance office in the Student Services Building.
Arizona Students’ Association (ASA) Fee. The ASA is a nonprofit lobbying organization that represents Arizona’s public university students to the Arizona Board of Regents, State Legislature, and U.S. Congress. During 1997, students at the state universities voted to change the mechanism for funding the ASA. A $1.00 fee will be charged to each student each semester. Any refunds for this fee will be provided through the ASA Central Office at 602/966–6358.
| Late Registration | |
| Fee assessed on registrations beginning with the first day of each session | $35.00 |
| A $35 late fee is also assessed on registration payments received after the fee payment deadline but processed before the class enrollment purge. | |
| Transcripts | |
| Official transcripts for currently enrolled students | $1.00 each |
| Official transcripts for nonenrolled students | $5.00/copy |
| Additional copies ordered at the same time are $1 each. Requests for official transcripts should be made at least two weeks in advance of the time desired. | |
| Copies of Educational Records Other Than ASU Transcripts | |
| Number of Pages | Total Charge |
| 1 to 5 | free |
| 6 to 10 | $2.00 |
| 11 to 15 | $3.00 |
| Copies of additional pages cost $1.00 per each five pages copied. | |
| Graduation Application or Reapplication.
| |
| Undergraduate | $12.00 |
| Graduate | $17.00 |
| A late fee of $5.00 is added to the charge noted above if not paid on or before the deadlines shown in the “University Calendar.” | |
| Comprehensive Examination. This fee is paid by all students seeking to establish credit by examination and is $7.50 per semester hour. | |
| Private Music Instruction | |
| One-half hour of instruction weekly | $40.00 |
| One hour of instruction weekly | $60.00 |
| More than one hour of instruction weekly—music majors only | $60.00 |
| Musical Instrument Rental Charge | |
| Charge for use of university-owned musical instruments | $25.00 |
| Consult the School of Music for specific information. | |
| Binding and Microfilm Fees | |
| Binding fee for thesis or dissertation | $17.00 per copy |
| This fee is subject to change. Additional charges may be required depending on the size and nature of the document. | |
| Dissertation microfilming fee | $50.00 |
| This fee is subject to change. | |
| Sun Card/ID Card | |
| Replacement fee | $10.00 |
Parking Decals. A parking decal must be purchased, in person or by using the Park Smart touch-tone telephone system 602/921–PARK (7275), for motor vehicles parked on campus except in areas where metered parking or visitor lots are available. Photo identification is required. Annual decals range from $50.00 to $129.00 for controlled access parking. For more decal sales information, call 602/965–6124.
Each vehicle registered at ASU Parking and Transit Services must comply with Arizona emission standards (A.R.S. § 15–1627G) during the entire registration period. The fee for this emission inspection is $10.00 to $20.00 per vehicle.
Everyone is encouraged to support travel reduction measures by using mass transit, the university shuttle bus, carpooling, bicycling, or walking whenever possible. See “Transportation” for more information.
Parking Violations. Due to high demand, parking regulations are strictly enforced. Fines range from $10.00 to $50.00. Appeals to parking citations may be filed within 14 calendar days to Parking and Transit Services and, after payment, may be further appealed to the Parking Citation Appeals Board. Unpaid parking citations are delinquent financial obligations subject to provisions of the “Delinquent Financial Obligations” section. Any person owing three or more unpaid parking citations or $100.00 in unpaid parking citations is subject to impoundment. A $85.00 minimum fee is assessed if impoundment is required. For more information, call 602/965–4527.
Returned Checks. Checks returned by a bank are assessed a $10.00 service charge with repayment needed within five business days of notification. A second $10.00 service charge is made if the returned check is not repaid within this five-day period. Repayment of a returned check must typically be in cash.
The university may have arrangements with its bank to redeposit automatically for a second time checks for which there are insufficient funds. No service charge is assessed by ASU until a check is returned to ASU; however, the payer may be assessed a service charge by the payer’s financial institution.
Students paying registration fees and tuition with a check that is subsequently not honored by a financial institution are subject to involuntary withdrawal from the university if repayment is not made. All students involuntarily withdrawn are charged tuition and/or registration fees according to the standard refund schedule as of the involuntary withdrawal date, as determined by the university.
On-Campus Housing. The cost of Main campus housing varies. In 1997–98 the most typical cost is $2,730.00 per academic year. Meal plans are purchased separately. For more information, see “Residential Life” or call 602/965–3515.
TRANSPORTATION
To reduce air pollution and traffic congestion, students are encouraged to travel to and from campus by means other than automobile. Nearby on-campus automobile parking space is limited and tightly controlled.
Alternative transportation modes are used by thousands of ASU students. ASU is served by a Phoenix-area regional bus service; monthly and reduced-fare semester passes are available on campus. In addition, an inexpensive express shuttle runs between ASU Main in Tempe and ASU West in northwest Phoenix; another shuttle runs among ASU Main, Mesa Community College, and ASU East in Mesa; and a Free Local Area Shuttle (FLASH) is available around the periphery of ASU Main.
Bicycle ridership at ASU is estimated to be more than 15,000 students daily. Ample racks in many locations enable the parking and securing of bicycles. Bicycle use is restricted only in those areas of campus where pedestrian traffic is sufficiently heavy to make such use a hazard. The Bike Co-op Repair Service provides assistance with bicycle maintenance.
Also, careful class scheduling, when possible, can reduce a student’s transportation needs. For more information on commute alternatives, call 602/965–1072. - Back to Top
PAYMENT METHODS AND DEADLINES
InTouch. The InTouch system, at 602/350–1500, allows students to register for classes, to drop/add, and to make fee payment from any touch-tone phone. Fees can be paid from any touch-tone phone with available financial aid, debit cards, VISA, and MasterCard. Refer to the Schedule of Classes for available dates and times and more information about the InTouch system.
Debit/Credit Cards. ASU accepts debit cards, VISA, and MasterCard. Debit/credit card payments through InTouch are processed online with the bank. See the Schedule of Classes for information about using debit/credit cards by mail or campus payment boxes.
Check. Checks payable for the exact amount of charges and without a restrictive endorsement are generally acceptable, except for students on check use suspension due to a previously returned check.
Financial Aid. Students receiving financial aid may use their expected aid to pay university charges, including tuition and fees. Students who wish to do so must follow specified procedures. See the current semester Schedule of Classes for more information.
Veterans Deferred Payment. The Veterans Readjustment Assistance Act allows veterans to apply for deferred payment of registration fees. A Certificate of Eligibility must be presented. Contact the Veterans Services Section for information on meeting the necessary requirements at SSV B117 or call 602/965–7723. The university may deny this privilege to students with previous delinquent obligations.
Payment Deadlines. Fees must be paid by the deadline dates and times indicated or the registration is voided. A fee payment deadline is printed on all Schedule/Billing Statements and in the Schedule of Classes. - Back to Top
REFUNDS
Academic Year Resident and Nonresident Tuition. Students withdrawing from school or individual classes receive a refund as follows:
| Withdrawal Date | Refund |
| Before first day of the semester | 100% less $10.00 |
| One through 7 calendar days | 80% |
| 8 through 14 calendar days | 60% |
| 15 through 21 calendar days | 40% |
| 22 through 28 calendar days | 20% |
| After the 28th calendar day | No refund |
The university provides a prorated refund for first-time students receiving financial aid; therefore, the refund schedule is the minimum amount refundable to these students.
Withdrawal occurs on the calendar day that withdrawal is requested, either in person at a registrar site or by phone using InTouch, the ASU touch-tone telephone system for registration and fee payment. Students withdrawing for medical or other extenuating circumstances may contact the Comptroller’s Office Student Fee Payment Section, SSV B235, for refunds that may be available under these circumstances.
Summer Sessions Fees. Students withdrawing from any summer session or individual classes receive a refund as follows:
| Withdrawal Date | Refund |
| Before first day of session | 100%* |
| First and second days of session | 80%* |
| Third day of session | 60%* |
| Fourth day of session | 40%* |
| Fifth day of session | 20%* |
| After fifth day of session | No refund |
| * | A $10.00 processing fee is subtracted per session. |
Refunds are based on the session days and not the class meeting dates for any particular class.
Special Class Fees and Deposits. Refunds, if any, are determined by the department offering the course. Refund determination is based on withdrawal date, type of activity, and costs already assessed by the department.
Private Music Instruction. If a student must drop a music course because of illness or other emergency beyond the student’s control, not more than half of the instruction charge may be refunded, as determined by the School of Music.
Late Registration. This fee is not refundable.
Student Recreation Complex Fee. This fee is refundable only upon complete withdrawal in percentage increments per the refund schedule.
Financial Aid Trust Fee. This fee is not refundable.
Official Transcripts. Overpayments by mail of $5.00 or less are only refunded by specific request.
Graduation Fee. Overpayments by mail of $5.00 or less are refunded only by specific request.
Residence Halls. Refunds to students departing from ASU Main residence halls before the end of the academic year are computed on the following basis.
Charges and Deposits. Housing payments and deposits are refunded as prescribed by the Residential Life License Agreement that students sign when they apply for residence hall accommodations. Students should refer to this document for specific information on refunds.
Other University Charges. Other university charges are normally not refundable, except for individual circumstances.
Payment of Refunds. Refunds require student identification and are made for the net of amounts due the university. When the last day of a refund period falls on a weekend or holiday, a withdrawal form must be submitted to one of the registrar sites during operating hours on the workday preceding the weekend or holiday. Refunds are normally paid by check and are mailed to the student’s local address.
Parking Decals. Prorated refunds are available through the last business day in April.
Forfeiture of Refunds. Refunds are subject to forfeiture unless obtained within 90 days of the last class day of the semester for which the fees were originally paid. - Back to Top
DELINQUENT FINANCIAL OBLIGATIONS
Arizona Board of Regents’ Policy 4–103B, which applies to ASU, states the following:
A late charge of $10.00 is made for any balances due the university not paid within 30 days of the initial due date, with a second $10.00 late charge being made if these amounts are not paid within 30 days of the first late charge. Procedures to be followed for disputed charges are available from the Accounts Receivable Section of the Business Services Office, located in ADM A109. - Back to Top
RESIDENCY CLASSIFICATION PROCEDURES AND POLICIES
The Arizona Board of Regents is required by law to establish uniform guidelines and criteria for classifying students’ residency to determine those students who must pay nonresident tuition. The following is a summary of the general guidelines used to determine residency for tuition purposes. All of the evidence is weighed under the presumption that a nonresident student’s presence in Arizona is primarily for the purpose of education and not to establish domicile and that decisions of an individual about the intent to establish domicile are generally made after the completion of an education and not before.
To obtain resident status for tuition purposes, independent students must establish their residence in Arizona at least one year immediately before the last day of regular registration for the semester in which they propose to attend ASU. Arizona residence is generally established when individuals are physically present in the state with the intention of making Arizona their permanent home.
Mere physical presence in Arizona for one year does not automatically establish residency for tuition purposes. Adult students and emancipated minors must combine physical presence in Arizona for one year with objective evidence of their intent to make Arizona their permanent home. If these steps are delayed, the one-year period is extended until both presence and intent have been demonstrated for one full year. In addition to physical presence and intent, the student must demonstrate financial independence for the two tax years immediately preceding the request for resident classification. The student must demonstrate objective evidence of self-support and that he or she was not claimed as an income tax deduction by his or her parents or any other individual for two years. An adult student is defined as being at least 18 years of age at the beginning of the domicile year. For a complete definition of an emancipated minor, refer to the Arizona Board of Regents’ residency classification policies, available in the Residency Classification Section, SSV B115.
No person is considered to have gained or lost resident status merely by attending an out-of-state educational institution.
Aliens. Students who are aliens are subject to the same requirements for resident status as are U.S. citizens. In establishing domicile, aliens must not hold a visa that prohibits establishing domicile in Arizona.
Refugees. Refugees may qualify as resident students by virtue of having been granted refugee status in accordance with all applicable laws of the United States and having met all other requirements for residence in Arizona.
Exceptions to the General Residency Rule
Students may be eligible for resident status for tuition purposes if they can meet one of the following criteria on or before the last day of regular registration.
Legal Dependents. If a student and his or her parents are domiciled in Arizona and have not met the one-year residency requirement but the parents are entitled to claim the student as a dependent for federal and state tax purposes, the student may be eligible for resident status for tuition purposes.
Transferred Employees. If students are domiciled in Arizona and have not met the one-year residency requirement but are employees or spouses of employees who have been transferred to Arizona by their employers for employment purposes, the students may be eligible for resident status for tuition purposes.
Members of the Military. If students are not domiciled in Arizona but are members of the U.S. Armed Forces stationed in Arizona or are the spouses or dependent children of a member (as defined in A.R.S. § 43–1001), the students may be eligible for resident status for tuition purposes. If military service is concluded while they are enrolled, students do not lose resident status while they are continuously enrolled in a degree program. If individuals are domiciled in Arizona immediately before becoming members of the U.S. Armed Forces, they do not lose resident status because of their absence while on active duty with the military as long as they maintain Arizona affiliations and file Arizona state tax.
Native Americans. Students who are members of a Native American tribe whose reservation lies both in Arizona and an adjacent state and who are residents of that reservation may be eligible for resident status for tuition purposes.
Procedures for Establishing Residency Status
All students are responsible for obtaining residency classification for tuition purposes before registering and paying their fees. This procedure requires students to complete and file a domicile affidavit form. This form is required of all new and returning students as part of the admission or readmission process. Students classified as nonresidents who believe they may qualify for resident status must file a petition with the Residency Classification Section. This petition must be filed by the last day of regular registration. A student seeking resident status must also file supporting documentation necessary to provide a basis for resident classification (source[s] of support, driver’s license, voter’s registration, vehicle registration, etc.). Students whose residency petitions are in process at the fee payment deadline are responsible for paying nonresident tuition and fees. However, an appropriate refund is issued if residency is later granted for that semester.
Any student found to have made a false or misleading statement concerning residency or tuition status is subject to dismissal from the university.
Failure to file a timely written petition for reclassification of residency status for tuition purposes constitutes a waiver of the student’s right to apply for the given semester. Petition deadlines are published each semester in the Schedule of Classes.
Residency classification is an extremely complex issue. The information presented here is a summary and does not address each individual’s situation; therefore, students are encouraged to make a personal visit to the Residency Classification Section to discuss their individual circumstances as soon as possible. Guidelines for determination of residency for tuition purposes are subject to review and change without notice. For more information, call the Residency Classification Section at 602/965–7712. - Back to Top
1997–98 Typical Student Budgets
| Item | Dependent on-campus | Dependent off-campus | Dependent with parents | Independent |
| Rent | $02,700 | $03,600 | $0,0900 | $04,600 |
| Food | $01,800 | $01,800 | $01,800 | $02,125 |
| Personal (including loan fees) | $02,500 | $02,500 | $02,500 | $03,000 |
| Total living | $07,000 | $07,900 | $05,200 | $09,725 |
| Tuition | $01,988 | $01,988 | $01,988 | $01,988 |
| Special fees | $0,0071 | $0,0071 | $0,0071 | $0,0071 |
| Books | $0,0700 | $0,0700 | $0,0700 | $0,0700 |
| Resident total | $09,759 | $10,659 | $07,959 | $12,484 |
| Nonresident tuition | $08,640 | $08,640 | $08,640 | $08,640 |
| Nonresident total | $16,411 | $17,311 | $14,611 | $19,136 |
Financial Aid
The primary responsibility for financing a college education belongs to students and their families. Student Financial Assistance helps students meet this responsibility by evaluating applications through the use of a standard financial need analysis system. Student Financial Assistance determines the cost of a student’s attendance as well as how much students and their families can afford to contribute toward that cost. It is the student’s responsibility to complete all applications in an accurate and timely manner and to notify Student Financial Assistance of any changes in circumstances that might affect eligibility (e.g., loss of parent’s income or change in residency classification). Financial assistance is available as scholarships, grants, loans, and employment. This aid has been made available collectively by the university, alumni, private foundations, civic groups, individuals, and state and federal governments.
To be considered for financial aid, all students must complete an application separate from the admission application. The Free Application for Federal Student Aid (FAFSA) is the only required application. It is not necessary to complete any other application that may require an application fee. The form should be completed in January or February preceding the academic year the student anticipates attending ASU. The priority date for applying is March 1. Applications completed by this date are considered for all grant funds. Applications completed after this date are processed; however, they are considered late applications. Late applications may receive limited grant dollars and a higher proportion of loan or work dollars.
A statement-of-need letter is sent to all applicants. This letter estimates expenses and contribution for the school year and specifies the amount of the applicant’s financial need. Students are notified by mail regarding any additional items or documents needed to complete their applications. These items may include copies of federal tax returns, proof of valid visa, and proof of registration with the Selective Service. Students receive a separate Financial Aid Notification. This letter informs them of the types and amounts of aid they are eligible to receive through ASU. Applicants should read carefully all correspondence received from Student Financial Assistance.
Students receiving aid from Student Financial Assistance are required to meet minimum standards of satisfactory academic progress. In addition to maintaining the minimum GPA defined for good academic standing, undergraduate students awarded on a full-time basis must complete a minimum of 24 semester hours within the academic year. Failure to meet these standards results in the suspension of aid funds for subsequent semesters until the deficiency is satisfied.
Students can access personal information regarding financial aid through the Financial Aid Services Through Technology (FASTT) phone system at 602/968–4400 or on the FASTT Web site at www.asu.edu/fastt. Students can check on
For help on how to use the Web, contact ISURF at 602/965–2410.
Types of Financial Aid and Major Programs
More than 30,000 students receive financial aid resources that total more than $225 million. There are four categories of financial aid: scholarships, grants, loans, and employment.
Scholarships
There are two sources of scholarships at ASU: university-funded scholarships and private donor scholarships. Many scholarships are offered on the basis of academic merit. However, financial need criteria may also be included in the selection of recipients. Other considerations are GPA, leadership qualities, and community service.
The Scholarship Office coordinates all scholarship programs. High school students should contact their high school counselors to determine the appropriate process for obtaining a variety of scholarships available to entering freshmen. Other undergraduate students may contact the Scholarship Office. In addition, many academic units provide scholarship funding and select students based on a variety of criteria, which include artistic talent, musical ability, and athletic performance.
Private Donor Scholarships. More than 6,200 students at ASU receive private donor scholarships. Most of these scholarship funds are provided by employers, private individuals, organizations, and corporations. In most cases, the private donor specifies the criteria used by the Scholarship Office to identify candidates for a particular scholarship.
University Scholarships. More than 5,400 ASU students receive a scholarship from university sources that is generally in the value of tuition and/or fees. The largest source for university scholarships is the waiver program authorized by the Arizona Board of Regents. In addition, many scholarships are funded from a general endowment fund. Some of the typical areas targeted for these scholarships are top academic seniors in Arizona high schools, underrepresented minority students, students who demonstrate leadership, students who demonstrate scholastic or scientific abilities, students with disabilities, and nontraditional students.
Grants
Like scholarships, grants are provided to students without repayment or service obligation. However, the criterion to receive a grant is generally a calculation of financial need. More than 12,000 ASU students receive some form of a grant.
Federal Pell Grant. The Federal Pell Grant program is funded by the federal government and is a basic financial resource to low- and moderate-income students. Eligibility is determined through the financial aid application process by the federal government. Under this program, the university converts entitlements to cash grant payments. A student may be eligible for a maximum grant of $2,700.00 per year.
Federal Supplemental Educational Opportunity Grant. Funds are received from the federal government by the university, which is required to match the funds. Student Financial Assistance then determines the eligibility of a student based on a specific calculation of exceptional financial need. Generally, recipients of the Federal Pell Grant are eligible to receive a Federal Supplemental Educational Opportunity Grant. Maximum grants are $800.00.
Arizona State Grant. This program is a three-partner program of federal, state, and university funding. Students with a high financial need may receive this particular form of funding. It is restricted to residents of Arizona. Maximum grants are $1,500.00.
Arizona Trust Fund. This grant source is provided in partnership between ASU students and the state legislature. These funds are provided primarily to resident, undergraduate, or underrepresented students with a high financial need. Maximum grants are $1,500.00.
University Grant. University Grants are generally reserved as the last financial aid program to be used to resolve a student’s need. Grants range from $200.00 to $2,000.00.
Loans
About 19,000 students borrow approximately $124 million annually. A variety of loan programs provide assistance to students and, in some cases, parents in the financing of a university education.
William D. Ford Direct Student Loan. Through the William D. Ford Direct Student Loan program, the federal government loans money to students based on the university’s determination of the student’s financial need and cost of education, and the student does not begin repayment until after graduation. Under this program students have two loan options: subsidized and unsubsidized. With a Subsidized Direct Student Loan, the federal government pays the interest on the loan principle during the student’s in-school status, grace, and other authorized periods of deferment. The school bases eligibility for a subsidized loan on the student’s financial need which is determined by subtracting the expected family contribution from the cost of education. The school may determine the student to have eligibility for an Unsubsidized Direct Student Loan. In this program, the federal government does not pay the interest during the student’s in-school status, grace, or other authorized periods of deferment; thus, as the student proceeds through school interest will accrue and will be added once the student enters repayment. Otherwise, conditions and terms for the two programs are the same.
There is a variable interest rate that is adjusted every July 1. Interest cannot exceed 8.25%. The federal government provides several options for repayment once the student has left school. For students who are considered dependent based on their financial aid application, the following total annual loan limits for subsidized and unsubsidized apply: freshman may borrow up to $2,625.00 per year; sophomores, up to $3,500.00 per year; and juniors and seniors, up to $5,500.00 per year. For students who are considered independent, the following annual loan limits apply: freshman may borrow up to $6,625.00, of which only $2,625.00 can be subsidized; sophomores, up to $7,500.00 of which only $3,500.00 can be subsidized; and juniors and seniors, up to $10,500.00, of which only $5,500.00 can be subsidized.
Federal Perkins Loan. The Federal Perkins Loan program is funded by the federal government; the school is the actual lender, and repayments after graduation are made to the university at a 5% interest rate. Like the Subsidized Student Loan, no interest accrues on the Perkins Loan during the enrollment period. ASU students could be awarded a maximum loan of $3,000.00. If funding is available, deferment and cancellation provisions may apply to graduates working in community service, qualifying law enforcement, and teaching occupations.
Federal Direct Parent Loan for Undergraduate Students. Under the Federal Direct Parent Loan for Undergraduate Students (PLUS), parents may borrow money from the federal government on behalf of their dependent students. With this loan, interest is not deferred and repayment begins 60 days after disbursement of the loan to the parent. The PLUS approval is based on the parent’s credit history. If parents are determined ineligible for a PLUS and students need additional funds, they should contact the Student Financial Assistance office for their eligibility for an Unsubsidized Direct Student Loan. The interest rate for the PLUS loan is variable, but cannot exceed 9% through July 1, 1998. The maximum loan amount is determined by subtracting all other financial aid from the student’s cost of education.
Employment
Approximately 7,000 students earn $26 million from on-campus part-time student employment programs.
Federal Work-Study. Funds for this program are provided on a matching basis by the federal government and the university. Students employed under this program receive the same pay rates as other students being employed at the university. In this program, students must demonstrate a financial need. Employers are encouraged to hire minority and needy students.
University Hourly. The university, with its own resources, hires many students on a part-time basis. Although the jobs are similar to those under the Federal Work-Study Program, the university provides the entire amount of the student’s wage.
Part-Time Off-Campus. The university receives requests for assistance from many agencies and corporations throughout the area to help them recruit and hire students on a part-time basis. The referral service at the university provides opportunities for students not only to earn funds to support their education but to gain experience in the areas of their majors or career interests.
Taxability of Financial Aid Programs
Scholarships, grants, fellowships, and stipends (but not loan funds) are taxable income to the recipient, except for the portion of these funds used for tuition, registration, and other university fees, or books, supplies, and equipment required for the courses being taken. Special tax regulations also apply to nonresident alien students and may require withholding of taxes at the time of aid disbursements to these individuals. Information on the taxability of scholarships can be obtained from the following Internal Revenue Service (IRS) publications and forms: Publication 4—Student’s Guide to Federal Income Tax; Publication 519—U.S. Tax Guide for Aliens; Publication 520—Scholarships and Fellowships; Form 1040EZ and Instructions—Income Tax Return for Single and Joint Filers with no dependents; and Form 1040NR and Instructions—U.S. Nonresident Alien Income Tax Return.
These publications and forms can be obtained from the IRS at its toll-free number 1–800–829–FORM (3676). These publications and forms can also be accessed online at www.irs.ustreas.gov/prod/forms_pubs.
1998–99 General Catalog Table of Contents
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