Graduate Types of Aid
Grant and Scholarship Opportunities
Institutional grants and scholarships are awards that are funded by the university to help students meet the challenge of funding their education at Soka University of America. All grants and scholarships listed on this page are awards that are gifted to the student and do not need to be paid back to Soka. These awards may be merit-based or need-based. They carry with them specific criteria and terms and conditions for renewal.
Soka University is very fortunate to have had the opportunity this year to provide all of our graduate students with at least one institutional grant or scholarship.
Soka University scholarships are available to all domestic, international, and Dreamer students who qualify. Eligibility requirements for outside scholarships vary, please check with each outside scholarship for criteria.
The Graduate Merit Scholarship is awarded based on admission information.
The Soka Graduate Grant is awarded based on the Financial Aid Application or FAFSA.
Graduate Loan Opportunities
“How to fund education” is often the first major financial decision a student will make. With or without the help of family and friends, deciding whether or not to borrow student loans and in what amounts, can be a difficult and stressful process.
Student loans are funds that must be repaid over a period of time. They are offered to cover educational costs that are not covered by scholarships or grants. Student loans are funds that are applied to direct and indirect educational costs. The lender may be the US government, Soka University of America, or a private lending institution such as a bank. You may choose whether or not to borrow or decline your loans.
The Office of Financial Aid at Soka offers full counseling to students who have completed a financial aid application or a FAFSA. We encourage students to review their financial aid package as a whole and determine how much they can afford to pay out of pocket, how much can be paid with a payment plan and lastly, how much they will be able to afford to pay back in the future if they decides to borrow funds now. We are here to help students make sound financial decisions even before they decide to attend Soka.
Soka University of America participates in the William D. Ford Federal Direct Loan program, in which borrowers obtain loan funds directly from the US Department of Education. These loans are available through the US government and are only available to eligible US citizens or eligible permanent residents. The unsubsidized loan is guaranteed by the US government without the consideration of a credit check. These loans are commonly referred to as Stafford Loans. Stafford Loans have both annual and yearly limits.
Unsubsidized Loan—available to students regardless of income and assets, and has no interest subsidy. Interest will accrue from the time of disbursement.
For the most current information on eligibility, interest rates, repayment options, etc. please visit the Federal Student Aid website.
Soka University of America participates in the William D. Ford Federal Direct Loan program, in which borrowers obtain loan funds directly from the US Department of Education. These loans are available through the US government and are only available to eligible US citizens or eligible permanent residents. The loans are guaranteed by the US government and require the consideration of a credit check.
These loans are government-insured loans that are made through a lender to the parents of dependent students. Graduate students may borrow PLUS loans up to the cost of attendance minus any other financial aid awarded. There is no interest subsidy for this loan and interest will begin at the time of disbursement. The standard repayment period for this loan is 10 years.
For the most current information on eligibility, interest rates, repayment options, etc., please visit the Federal Student Aid website.
International and Dreamer students interested in applying for a Soka loan will be required to annually submit financial documents for review by the Office of Financial Aid. Soka loans, if granted, will not exceed the cost of attendance minus other aid for a single academic year. Student eligibility is determined by the International Student Financial Aid Application.
- Lender: Soka University of America
- Loan servicer: Heartland Campus Solutions - Educational Computer Systems, Incorporated (ECSI)
- Interest rate is set each July by the Office of Financial Aid
- The interest rate varies by year
- Interest does not accrue while in school or during the grace period
- No loan fee.
- Dependent students may borrow up to $20,000 or up to cost of attendance minus other financial aid (whichever is less) per year
- Independent students may borrow up to the cost of attendance minus other financial aid (whichever is less) per year
- Must complete Entrance Counseling, Master Promissory Note, and Self-Certification Form
- Three loan disclosures are sent to the student prior to disbursement
- Six-month grace period
- The grace period begins after you graduate, withdraw, or enroll below half-time (6 units)
- Repayment begins on the day after your grace period ends
- 10 Year Standard Repayment Plan
- The minimum payment is $50 per month
- The monthly payment amount is based on the total loan borrowed
- The maximum repayment period is 10 years
- Not required to make loan payments while you are in school and in your grace period
- Can prepay some or all of your loans without any penalty
- Late charges will be applied to late payments
Office of Financial Aid
1 University Drive
Aliso Viejo, CA 92656
(949) 480-4342 | firstname.lastname@example.org
We are open from 9:00 a.m. to 5:00 p.m., Monday through Friday. Our offices are located on the second floor of Founders Hall. To schedule an appointment, please email email@example.com.