Financial Aid
At Dongguk University Los Angeles (DULA), we are committed to helping students finance their education through various financial aid options. These include federal aid, state aid, loans, work-study programs, and institutional aid. Below, you’ll find detailed information on the types of federal financial aid available to our students.
For more detailed information, please refer to the DULA Catalog and Student Handbook, page 117.
How to Apply for Financial Aid
To apply for federal financial aid, admitted students who have entered into an enrollment agreement with DULA must complete the following steps:
- Apply for an FSA ID: Create an FSA ID at Create FSA ID.
- Complete the FAFSA: Submit the Free Application for Federal Student Aid (FAFSA) annually at Complete FAFSA. DULA’s school code is 031095.
- Complete Entrance Counseling: Required for first-time borrowers. Complete it at Entrance Counseling.
- Sign the Master Promissory Note (MPN): Complete and sign your MPN at MPN for Student Loans.
- Submit DULA Financial Aid Application Packet: Include all required documents such as your driver’s license, social security card, and citizenship documentation.
- Schedule an Appointment: After completing your financial aid packet, schedule an appointment with the Financial Aid Officer.
For more information or assistance, contact our Financial Aid Office:
- Email: [email protected]
- Phone: (213) 487-0110 ext. 110 or (213) 841-4802
Federal Student Financial Aid Program
The Federal Student Financial Aid Program provides financial support to students who may not be able to meet educational costs at DULA without assistance. This aid can cover tuition, fees, books, supplies, and a reasonable living allowance during the academic year.
Financial aid awards are granted for one academic year at a time, and students must reapply each year to continue receiving aid.
To be eligible for federal financial aid, students must meet the following criteria:
- Be a U.S. citizen or eligible non-citizen.
- Be enrolled at least half-time (6 units) each quarter.
- Male students aged 18-25 must be registered with the Selective Service (unless exempt).
- Maintain Satisfactory Academic Progress (SAP) as defined by DULA.
- Complete all required verification processes before funds are disbursed.
- Not owe a refund on a federal grant or be in default on a federal student loan.
- Loan Type: Non-need-based, fixed interest rate loan available to independent undergraduate and graduate students.
- Repayment: Begins six months after graduation or after the student drops below half-time enrollment. Interest accrues from the time the loan funds are disbursed. Students can either pay the interest while attending school or have it capitalized (added to the principal amount).
- Loan Amount: The maximum annual loan amount is $20,500, depending on remaining aggregate eligibility.
- Loan Type: Non-need-based, fixed interest rate loan available to graduate students and parents of dependent undergraduate students.
- Eligibility: Based on the creditworthiness of the parent or graduate student. Interest begins accruing once the loan is disbursed.
- Repayment: The loan enters repayment immediately upon full disbursement, but graduate students may have it deferred while enrolled at least half-time and for six months after dropping below half-time status.
- Loan Amount: Determined by the student’s cost of attendance, minus any other financial aid received.
State Aid Program
For California residents, the state offers additional financial aid options such as:
State-funded grants that do not need to be repaid, awarded based on financial need and academic performance.
Frequently Asked Questions
FAFSA is the Free Application for Federal Student Aid, used to determine eligibility for federal, state, and institutional aid.
Typically, you’ll need your Social Security number, tax returns, W-2 forms, and bank statements.
Federal FAFSA deadlines are June 30 each year. However, state and institutional deadlines may vary.
Important Federal Financial Aid Policies
Students receiving federal financial aid at DULA must comply with the following policies:
- Satisfactory Academic Progress (SAP): Must be maintained to remain eligible for financial aid.
- Federal Return of Title IV Funds Regulations: Applies if you withdraw from DULA after classes have begun.
- Loan Repayment: If a student obtains a loan, they are responsible for repaying the full amount plus interest.