Tuition and Financial Aid
Program Costs for 2011-2012
Tuition per course for summer 2010 $3,635
Tuition per course, per semester
(Fall, spring, or summer 2012): $3,770
Laboratory fee $50 per course
Activity fee $25 per semester
Application fee $50
There is a non-refundable deposit of $500 for accepted students to enroll in the postbac program, which is credited toward your tuition.
Students in our program are able to apply for loans for both tuition and living expenses. There are different types of loans available, including Federal Stafford Loans. This means if you borrow a federal loan you are borrowing directly from the Department of Education (DOE). Loans made through this program include the Direct Subsidized Stafford, Unsubsidized Stafford, and Direct Consolidation Loans. The Direct Stafford loan limits for the academic year are as is follows:
To apply for a Federal Stafford Loan, you must file a Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov and list Bryn Mawr’s federal code number, 003237, on the applications. Once the completed application is processed, they will send to the Student Financial Services at Bryn Mawr your information, and the Student Financial Services will send you a financial aid award letter. This award letter will list your maximum subsidized and unsubsidized eligibility and will provide you with information about alternative loans.
Private Alternative Loans For Postbaccalaureate Students
Private loans are non-federal education loans offered by a lender such as a bank or credit union. Postbaccalaureate students should consider applying for a private loan only after exhausting all other possible sources of funds. Private loans often have variable interest rates, require a credit check, and may have less attractive repayment plans than federal loans. Many lenders require a credit-worthy co-signer. In general, students may borrow up to the cost of education minus all other financial aid received.
Below are questions you should consider before applying for an alternative loan.
Have you maximized your Federal Student Loans? Alternative loans may carry higher and more malleable (variable) interest rates than federal loans. Some interest rates can change as frequently as once a month on alternative loans, whereas a federal loan has a fixed interest rate.
Dependent Students: Have your parents considered taking out a Federal PLUS Loan? A PLUS loan, has a fixed interest rate and payment can be deferred Were your parents denied a PLUS loan? If your parents apply for a PLUS loanand are denied, you may be eligible for an increased amount of Unsubsidized Federal Stafford Loan. See Loan Limits and Terms.
If you choose to borrow an alternative loan to pay for college, then make sure you are well prepared. Below are a few questions to consider when choosing an alternative lender:
What is the interest rate? Keep in mind that this can change.
Is a co-signer/co-borrower required? Even if one is not, having someone such as a parent co-sign/co-borrow your loan with you can lower interest rates and application fees.
Are there application fees?
If you have decided on taking out an alternative loan and have prepared questions, the next step is to choose a lender. Below you will find a list of lenders used by Bryn Mawr students over the past three years:
Deferment of Undergraduate Loans
You will be able to defer payments on federal student loans obtained as an undergraduate once you are matriculated in our program.
Monthly Payment Plan
Through Tuition Management Systems (TMS), students may make equal monthly payments for the amount due to Bryn Mawr College.
student Financial service
We realize that every student’s situation is unique and you may have questions about your specific situation. Felicia Rivera, Senior Assistant Director in Student Financial Services, is available to assist students enrolled in the Postbaccalaureate Premedical Program. Felicia Rivera can be reached at 610.526.5245 or firstname.lastname@example.org.