2026–2027 Academic Year
At Warner University, we are committed to helping students responsibly finance their education while maintaining strong stewardship and compliance with federal regulations. You can learn more about federal financial aid at studentaid.gov.
Federal student loans and Federal Work-Study are available to eligible students who complete the Free Application for Federal Student Aid (FAFSA).
Complete your FAFSAFederal Direct Student Loans
Federal Direct Loans are funded by the U.S. Department of Education and must be repaid with interest.
Eligibility is determined using the student’s Student Aid Index (SAI) and enrollment status.
Students must be enrolled at least half-time to receive federal loan funds.
Direct Subsidized Loan (Undergraduate Only)
Available to undergraduate students who demonstrate financial need.
Key Features:
- Interest is paid by the federal government:
- While enrolled at least half-time
- During the 6-month grace period
- During approved deferment periods
- While enrolled at least half-time
- Subject to the 150% program length limit
- Must meet Satisfactory Academic Progress (SAP)
Direct Unsubsidized Loan
Available to undergraduate and graduate students.
Key Features:
- Not based on financial need
- Interest begins accruing at disbursement
- Students may:
- Pay interest while enrolled, or
- Allow interest to capitalize
- Pay interest while enrolled, or
Direct PLUS Loan (Parent or Graduate)
Available to:
- Parents of dependent undergraduate students
- Graduate or professional students
Key Features:
- Credit-based federal loan
- Separate application required at studentaid.gov
- Adverse credit history may require appeal or endorser
- Parent PLUS borrowers are legally responsible for repayment
2026–2027 Annual Federal Loan Limits (Undergraduate)
| Academic Level | Dependent Students | Independent Students |
| Freshman | $5,500 (up to $3,500 subsidized) | $9,500 (up to $3,500 subsidized) |
| Sophomore | $6,500 (up to $4,500 subsidized) | $10,500 (up to $4,500 subsidized) |
| Junior/Senior | $7,500 (up to $5,500 subsidized) | $12,500 (up to $5,500 subsidized) |
Aggregate Limits:
- Dependent: $31,000
- Independent: $57,500
- Graduate/Professional: $138,500
Graduate Student Loans
Graduate students at Warner University may qualify for:
🔹 Direct Unsubsidized Loan
- Annual limit: $20,500
- Interest accrues at disbursement
- Enrollment must be at least half-time
🔹 Graduate PLUS Loan
- May borrow up to Cost of Attendance minus other aid
- Credit-based approval
- Requires separate application and counseling
Graduate students are encouraged to borrow conservatively and consider long-term repayment obligations.
Apply for a PLUS LoanLoan Disbursement & Borrower Rights
In accordance with federal regulations:
✔ Loans are disbursed by payment period
✔ Funds may not be released earlier than 10 days before classes begin
✔ First-time, first-year borrowers may be subject to a 30-day delayed disbursement
✔ Students receive written notification of loan amounts and have the right to cancel all or part of the loan within required federal timeframes
Loan funds are first applied to:
- Tuition and mandatory fees
- Institutional housing (if applicable)
Any remaining credit balance is refunded within 14 days, unless authorization to hold funds has been provided.
Important 2026–2027 Federal Updates
Under recent federal FAFSA Simplification legislation:
- Expected Family Contribution (EFC) has been replaced by the Student Aid Index (SAI)
- Pell and loan coordination rules have been updated
- Disbursement timing and enrollment verification requirements have been strengthened
- Borrower disclosure and cancellation rights have expanded
Warner University complies fully with all federal Title IV regulations.
Federal Work-Study (FWS)
Federal Work-Study provides part-time employment opportunities for eligible students to earn money toward educational expenses.
Eligibility is determined through FAFSA and financial need.
Key Information:
- Students must apply and be hired for approved positions
- Students are paid for hours worked (earnings are not guaranteed)
- Wages are paid at least monthly
- Work-Study funds are not automatically applied to tuition unless written authorization is provided
Students must:
✔ Maintain Satisfactory Academic Progress
✔ Remain enrolled as required by federal guidelines
Responsible Borrowing
Warner University encourages students and families to:
- Borrow only what is necessary
- Monitor borrowing history at studentaid.gov
- Understand repayment terms before accepting loans
Our Student Financial Services team is available to provide counseling and guidance throughout the borrowing process.
Federal Student Loan Default
Borrowers are responsible for repaying all federal student loans according to the terms of their Master Promissory Note (MPN).
A federal student loan enters default if payments are not made for 270 days (approximately 9 months).
What Happens if a Loan Goes Into Default?
Default has serious financial consequences, including:
- Damage to credit score
- Collection fees added to the loan balance
- Wage garnishment
- Federal tax refund offset
- Loss of eligibility for additional federal student aid
- Possible legal action
The entire unpaid balance of the loan may become immediately due.
How to Avoid Default
Warner University strongly encourages borrowers to:
✔ Complete required Entrance and Exit Counseling
✔ Monitor loan balances at studentaid.gov
✔ Contact their loan servicer immediately if experiencing financial difficulty
✔ Explore available repayment options, including income-driven repayment plans
✔ Request deferment or forbearance if eligible
Borrowers who are struggling should act early — federal servicers offer assistance before default occurs.
If You Are in Default
Borrowers in default should contact the U.S. Department of Education’s Default Resolution Group or their assigned loan servicer immediately to discuss:
- Loan rehabilitation
- Loan consolidation
- Repayment arrangements
Default does not eliminate the obligation to repay the loan.
Learn More About Loan Delinquency and DefaultWarner University is committed to promoting responsible borrowing and financial stewardship in alignment with our institutional mission.
