A private comprehensive liberal arts college in Salt Lake City, UT, offering undergraduate and graduate degrees in liberal arts and professional programs. Website
Financial Aid

Financing Guide for CRNA Students

Financial Aid Eligibility
To be considered for Financial Aid students need to complete the Free Application for Federal Student Aid (FAFSA) for each academic year they plan on attending. The FAFSA application is available online at
www.fafsa.gov. Westminster’s school code is 003681, and you can complete the FAFSA form any time after January 1st for the following academic year. Each student will need to electronically sign the FAFSA with their Federal PIN. If you do not already have one, a PIN can be obtained at www.pin.ed.gov. Our priority FAFSA filing deadline is April 15th of each year.


Once you have submitted your FAFSA and it’s been processed by the Department of Education, you will be sent a Student Aid Report (SAR). You will want to review your SAR for accuracy. If you need to make corrections to your SAR, follow the directions on the SAR and resubmit it to the federal processor. After your FAFSA is processed, Westminster will be sent the information electronically. Occasionally, you may be required to submit additional information to the Financial Aid Office. The Financial Aid Office will be in contact with you via mail if additional information is needed.


Once Westminster has received all necessary information to process your Financial Aid Awards, the Financial Aid Office will prepare and send a Financial Aid Award Notice. The award notice is year specific and states the amount of financial aid you are eligible for during the full academic year, and breaks down the amount of aid you are receiving for each semester. You must sign and accept (or refuse) your financial aid by returning a copy of your award letter to the Financial Aid Office along with any requested documents.
All graduate students qualify for Federal Unsubsidized Stafford Loans. The maximum amount of Stafford Loan funding a graduate student can receive per academic year is either $20,500 or their total cost of attendance, whichever is less. It carries a fixed interest rate of 6.8% and is subject to an origination fee of up to 1.5%. This fee is taken from the amount of the loan at the time it is disbursed to the school. Per government regulations, any aid you receive must be split equally over the semesters the student is attending, even if the charges or number of credit hours enrolled in each term are not equal.


In order for Stafford Loans to be sent to Westminster for first year CRNA students, you will also need to complete Stafford Loan entrance counseling and a Stafford Loan Master Promissory Note (MPN). Both the entrance counseling and the MPN are completed online at
www.studentloans.gov. Students will also need their Federal PIN to complete these documents. Once these steps have been completed Westminster will receive electronic confirmation within 48 hours.
Additional Funding


Some students find that they need additional funding beyond the $20,500 borrowed in Stafford Loans. Students typically take advantage of one of two options: a Federal Graduate PLUS loan or a private/alternative loan. Both the Graduate PLUS and private/alternative education loans allow graduate students to borrow additional funding up to their cost of attendance minus any other financial aid they are receiving for the academic year. Both loans, like the Unsubsidized Stafford Loan, are split equally over the semesters the student is attending during the academic year.
Graduate PLUS Loan


To be eligible for the Federal Graduate PLUS Loan, a credit check is required to determine that an applicant does not have any adverse credit history or bankruptcy. It carries a fixed interest rate of 7.9% and is subject to an origination fee up to 4.0%, taken from the amount of the loan at the time it is disbursed to the school. To apply for the Graduate PLUS Loan students must complete three steps. 1. The Graduate PLUS Loan application 2. Entrance counseling for graduate/professional students and 3. A Graduate PLUS Loan Master Promissory Note (MPN). All three steps are completed online at
www.studentloans.gov. Please note that students must request a specific dollar amount on the application in order for Westminster to certify the loan. Students will also need their Federal PIN to complete these documents.
Private/Alternative Student Loans


Alternative student loans are private loans offered to students to assist with educational expenses. Since the loans are privately funded, the terms and conditions will vary based on the lender. This also means that interest rates and fees are not federally regulated and are therefore set by the individual lenders. The interest rate is typically based off of the applicant’s credit history. Students are highly encouraged to carefully review the details of private loans before applying. Once the loan has been approved by the lender, Westminster’s Financial Aid Office will need to certify the loan amount. Students should contact the lender of their choice for application instructions. The majority of lenders have online applications. An up to date listing of lenders can be accessed here:
http://www.finaid.org/loans/privatestudentloans.phtml