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Financial Aid Information for Parents and Families

We understand the importance of providing support and information for parents during the financial aid process, navigating each step alongside their student. Explore the information below geared specifically to parents or search our quick links to find information regarding scholarships, grants, work-study and loans for your student. Together, we’ll help you confidently guide your student towards a transformative and enriching educational experience at Regis.


Completing a Free Application for Federal Student Aid (FAFSA)

As a parent, you are considered a “contributor” on your student’s FAFSA effective the 2024-25 application. Your student will log in to complete their section of their FAFSA and then they will invite you to complete your section by including your name, email, social security number and date of birth. Make sure you keep an eye out for that email invitation to help your student complete their FAFSA as quickly as possible.

Dependency Status

Students who are considered dependent for FAFSA (Free Application for Federal Student Aid) purposes must provide parent information on their FAFSA. So, how does the Federal Government define a dependent student?

Independent student: if they can answer YES to ANY of the questions below

Dependent student: if they answer NO to ALL of the questions below

  • Will you be 24 or older by Jan. 1 of the school year for which you are applying for financial aid?
  • Are you married or separated but not divorced?
  • Will you be working toward a master’s or doctorate degree (such as M.A., MBA, M.D., J.D., Ph.D., Ed.D., etc.)?
  • Do you have children who receive more than half of their support from you?
  • Do you have dependents (other than children or a spouse) who live with you and receive more than half of their support from you?
  • Are you a veteran of the U.S. armed forces?
  • Are you currently serving on active duty in the U.S. armed forces for purposes other than training?
  • At any time since you turned age 13, were both of your parents deceased, were you in foster care, or were you a ward or dependent of the court?
  • Are you an emancipated minor or are you in a legal guardianship as determined by a court?
  • Are you an unaccompanied youth who is homeless or self-supporting and at risk of being homeless?

By providing your information on the FAFSA for your dependent student, you are not responsible for your student’s financial obligations to the University; the student is the holder of their own account. Of course, many parents are helping financially, but by signing the FAFSA, you are not agreeing to any kind of payment or payment plan to Regis University on behalf of your student.



Payment Plans

Our flexible payment plans can break down the cost of tuition and related expenses into manageable monthly installments, alleviating the financial burden on students and their families.

Explore Payment Plans


Parent PLUS Loan

The Federal Direct Parent Loan for Undergraduate Students (Parent PLUS loan) is a credit-based loan available to parents of dependent undergraduate students. Students will not have this loan included in their financial aid offer. After the student completes their FAFSA, parents must apply separately for this loan via StudentAid.gov and may borrow up to the student's total cost of attendance, minus all other financial aid.

The Parent PLUS loan is available to credit-worthy parents of dependent undergraduate students who have submitted a FAFSA, regardless of financial need. The parent must be one of the parents on record on the FAFSA or must be the biological parent of the student. If the biological parent applying for the loan on behalf of the student is not on the FAFSA, our office may reach out for additional information. To be approved, the parent must not have an adverse credit history.

Conditions that result in an adverse credit history include:

  • One or more debts with a total combined outstanding balance greater than $2,085 that are 90 or more days delinquent or that have been placed in collection or charged-off (written off) during the two years preceding the date of the credit report.
  • Having been subject to any of the following conditions during the five years preceding the date of the credit report:
    • Default determination
    • Discharge of debts in bankruptcy
    • Foreclosure
    • Repossession
    • Tax lien
    • Wage garnishment
    • Write-off of a federal student aid debt

If you are denied a Parent PLUS loan because of adverse credit, you may ...

  • Reapply with a credit-worthy cosigner.
  • Appeal the denial with the Department of Education if there are extenuating circumstances related to your credit history that you can document.
  • Contact us. Your student may be eligible for an additional Federal Direct Unsubsidized loan

Up to your student’s total cost of attendance, minus all other financial aid.

Parent PLUS loans offer interest rates that remain fixed for the life of the loan.

  • For loans borrowed during the 2023-24 academic year: 8.05%

Interest accrues while the student is in school, during any grace period, and during repayment. You can pay the interest as it accrues if you wish. If not paid, interest will be capitalized when repayment begins.

A loan origination fee is deducted at the disbursement of each installment of the loan. For loans with a first disbursement on or after Oct. 1, 2020, and before Oct. 1, 2023, the fee is 4.228%.

You (the parent) must sign in to StudentAid.gov using your own FSA ID, request a PLUS loan, and complete a Master Promissory Note (MPN).

A credit check will be conducted once you begin the loan application process. If you were initially denied the Parent PLUS loan but have since qualified by obtaining an endorser or documenting extenuating circumstances, you will also be required to complete PLUS Counseling. This can be completed through StudentAid.gov as well.

Once you're approved, the Department of Education will send us confirmation of your loan approval and the details of the requested amount. The loan will be added to your student's financial aid offer after processing.

You must reapply every year you wish to borrow a Parent PLUS Loan.

Repayment begins 60 days after the last disbursement of the loan. However, repayment can be deferred while the student is enrolled at least half-time and for an additional six-month grace period after the student graduates. Payments are made to your Direct Loan Servicer each month. The minimum payment is $50, but that amount will likely be higher depending on the total amount borrowed.

The standard repayment period is 10 years but can be as long as 25 years depending on total borrowing and chosen repayment plan.

Appeals

Sometimes, after your student receives their financial aid offer, your family may experience an unexpected change to your financial situation. In these special circumstances, you may appeal for a re-evaluation of your student’s aid. All appeals must be reviewed by the Financial Aid Appeals Committee and appeals are processed only after we’ve received your student’s FAFSA and the initial financial aid offer is issued. You can find more information regarding financial aid appeals on our Financial Aid Appeals page.


Family Educational Rights and Privacy Act (FERPA)

FERPA is a federal law that protects the privacy of student records. Generally speaking, we communicate with your student directly, and once your student begins classes at Regis University, we are limited by law in the information we can provide you regarding their student file. Your student may elect to grant you proxy access through the Ranger Portal for their financial or academic records. We encourage you to discuss this option with your student if you anticipate communicating with our office.