Tuition & Financial Aid

Payment and Refund Policy

The CAAP Program commits faculty and University resources, so students are urged to understand the payment, refund, and cancellation policy before committing to the program. Students must make payment in full for all courses they wish to take.

Summer Program

For the Summer Program, bills will be available on May 1 and will be due May 21 unless you are accepted to the program after this date, in which case tuition is due upon acceptance. If you withdraw prior to the first day of your first course, you will receive a 100% tuition refund (less $200 non-refundable deposit). If you withdraw after the first class meeting, you will not be eligible for a refund for that class, but will be allowed to receive a 100% refund for any course that has not yet begun. There will be no refund provided for any course that has already begun.

Weekend Program

For the Weekend Program, bills will be available on August 1, December 1, and March 1, and will include tuition for classes in which you are enrolled in that quarter. Bills are due August 21, December 21, and March 21. If you withdraw prior to the first day of your first course, you will receive a 100% tuition refund (less $200 non-refundable deposit). If you withdraw after the first class meeting, you will not be eligible for a refund for that class, but will be allowed to receive a 100% refund for any course that has not yet begun. There will be no refund provided for any course that has already begun.

Summer Program

There are two federal student loan programs available for students enrolled in the Certificate of Advanced Accounting Proficiency program. If this federal aid is unavailable or insufficient, other loan options such as a private alternative loan can supplement the difference.

Unsubsidized - William D. Ford Federal Direct Loan

You must enroll at least half-time to be eligible for William D. Ford Federal Direct Loan. A maximum of $2,500 (for dependent students) and $4,166 (for independent students) is available.  William D. Ford Loan subsidized and/or William D. Ford Loan unsubsidized are for students who choose to complete the FAFSA (Free Application for Federal Student Aid) at www.fafsa.ed.gov.  When completing the FAFSA, it is critical that you answer as a “Fifth-Year Undergraduate” when asked about your grade level.  Any remaining funds needed to cover the cost of the program would come from a Private Alternative Loan.

Federal Direct Loans - loan funds from this option will be sent to Santa Clara University and credited to your student account after all loan documents have been completed.

NOTE: With the passage of the Student Loan Certainty Law of 2013, federal student loan interest rates are tied to the financial market.  Under this act, interest rates will be determined each spring for new loans made for the upcoming award year, which runs from July 1 to the following June 30.  Each loan will have a fixed interest rate for the life of the loan.     

Private Alternative Loan

Private Loans can help you pay your college expenses that may not be covered by federal loan programs or other financial aid.  Interest rates are generally variable for private alternative loans and are typically higher than federal loans.  In order to receive this loan, student must choose a lender, apply for the loan and complete the Master Promissory Note online using the lender’s website.  If you choose this option, the loan funds will be sent to Santa Clara University and credited to your student account after all loan documents have been completed.

Free Application for Federal Student Aid (FAFSA)

We recommend that you first complete a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov to determine federal eligibility.  The FAFSA should be completed at the time you are completing your admission application for the Certificate of Advanced Accounting Proficiency program.  When completing the FAFSA, it is critical that you answer as a “Fifth-Year Undergraduate” when asked about your grade level.

If you are a first-time recipient of a Federal Direct Loan, you must complete both entrance counseling and a Master Promissory Note (MPN) before you can receive your federal loans.

For additional information or for assistance with the financial aid process, students should contact the Enrollment Services Center at onestop@scu.edu or (408) 551-1000.

Note: Every effort has been made to ensure the accuracy of the information. However, since financial aid policy is subject to change, especially regulatory change, which occurs frequently at federal, state and University levels, the information contained herein is subject to change without notice. jsr REV 1-2015 

Weekend Program

Types of Loan Programs

There are two federal student loan programs available for students enrolled in the Certificate of Advanced Accounting Proficiency program.  If this federal aid is unavailable or insufficient, other loan options such as a private alternative loan can supplement the difference.

Free Application for Federal Student Aid (FAFSA)

We recommend that you first complete a Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov to determine federal eligibility.  The FAFSA should be completed at the time you are completing your admission application for the Certificate of Advanced Accounting Proficiency program. When completing the FAFSA, it is critical that you answer as a “Fifth-Year Undergraduate” when asked about your grade level.

Unsubsidized - William D. Ford Federal Direct Loan

You must enroll at least half-time to be eligible for William D. Ford Federal Direct Loan.  The maximum amount that a student can borrow each academic year is dependent on the program ($7,500 for dependent students, $12,500 for independent students). 

Federal Direct Loans - loan funds from this option will be sent to Santa Clara University and credited to your student account after all loan documents have been completed.

NOTE: With the passage of the Student Loan Certainty Law of 2013, federal student loan interest rates are tied to the financial market.  Under this act, interest rates will be determined each spring for new loans made for the upcoming award year, which runs from July 1 to the following June 30.  Each loan will have a fixed interest rate for the life of the loan.

Private Alternative Loan

Private Loans can help you pay your college expenses that may not be covered by federal loan programs or other financial aid.  Interest rates are generally variable for private alternative loans and are typically higher than federal loans.  In order to receive this loan, student must choose a lender, apply for the loan and complete the Master Promissory Note online using the lender’s website.  If you choose this option, the loan funds will be sent to Santa Clara University and credited to your student account after all loan documents have been completed.

For additional information or for assistance with the financial aid process, students should contact the Enrollment Services Center at onestop@scu.edu or (408) 551-1000. 

Note: Every effort has been made to ensure the accuracy of the information. However, since financial aid policy is subject to change, especially regulatory change, which occurs frequently at federal, state and University levels, the information contained herein is subject to change without notice. jsr REV 1-2015

To be awarded with federal loans, please begin by completing the FAFSA at www.fafsa.ed.gov. 

The FAFSA should be completed at the time you are completing your admissions application for the CAAP Program. When completing the FAFSA, it is critical that you choose "Fifth-Year Undergraduate" as your grade level on the application.

Once you have been admitted to the CAAP Program and the Financial Aid Office has received your FAFSA, we will generate an electronic financial aid award letter listing your federal student loan eligibility. Once you are awarded the federal loans maximum by the Financial Aid Office, please accept the loans on eCampus and complete the required Master Promissory Note (MPN) and Entrance Counseling Tutorial online at https://studentloans.gov/myDirectLoan/index.action. Your Federal Student Aid PIN is required to access this secure website. The loan funds will not disburse to your student account until both requirements have been completed. 

For Private Alternative Loans, please visit the Financial Aid Office's website at https://www.scu.edu/financialaid/types-of-aid/private-loans/ to obtain information on how to choose a lender and apply online for this loan. When completing the online application for a Private Alternative Loan using your lender's website, please specify your grade level as "Fifth-Year Undergraduate" or "undergraduate." The lenders will ask for your grade level on the loan application and it is critical that they understand you are not in a graduate program. 

Please contact the Enrollment Services Center at (408)-551-1000 or via e-mail at onestop@scu.edu with any questions throughout the financial aid application process.

In order to have your financial aid completed for payment deadlines, please begin the financial aid application process when you are applying to the CAAP Program. Once the FAFSA is submitted online and you have been admitted to the CAAP Program, you will receive an e-mail notification through SCU's e-mail system from the Financial Aid Office notifying you that your award letter is ready to view/accept/decline on eCampus.

For additional information or for assistance with the financial aid process, students should contact the Enrollment Services Center at onestop@scu.edu or (408) 551-1000.

If you received a financial aid e-mail award notification, you should log-on to the eCampus system to accept or decline your aid. In order to access eCampus you will need your Student ID number and password. 

• Sign into eCampus, under "Finances" select "View/Print Award Letter"
• Select the "View" link to access your award 
• Select the tab labeled "Accept/Decline Awards" at the bottom of the page
• Select the appropriate academic aid year 
• Read the Statement of Educational Purpose and select the "I Agree" tab 
• Check all aid which you wish to Accept or Decline and select the "Submit" tab 
• Select "Yes" to continue with submission 
• Select "OK" 

Once the Direct Student Loan(s) is/are accepted on eCampus, complete the required Master Promissory Note and Entrance Counseling Tutorial online at https://studentloans.gov/myDirectLoan/index.action. Your Federal Student Aid PIN is required to access this secure website. The loan funds will not disburse to your student account until both requirements have been completed. There are no exceptions to this federal requirement.