Financing Your Graduate Study
Claremont Graduate University’s seasoned staff can help you navigate the financial aid process. The staff makes every effort to provide accurate, efficient, and timely assistance with your financial aid.
To successfully apply for financial aid, it is important to explore the variety of options available to you. It is recommended that you complete the Free Application for Federal Student Aid (FAFSA) at the same time you apply for admission to your academic program.
Students commonly finance their Claremont Graduate University education through one or more of the following options:
- Merit-based fellowships are awarded to students based on the recommendation of each academic department.
- Fellowships are offered based on enrollment in 12-16 units each semester. If enrollment changes, fellowships are adjusted.
- CGU is committed to honoring the awarded level of fellowship support throughout a student’s time in required coursework as long as Satisfactory Academic Progress is maintained.
- The Free Application for Federal Student Aid must be completed online to apply for federal financial aid. CGU’s school code is G01169.
- Federal Work Study
- Federal funds for students with high need that will provide part-time employment.
- Federal Teach Grant
- Grant funding for students who plan to teach in a high-need field and in a low-income area/school.
- Federal Direct Loans
- Every domestic student is eligible for a federal loan.
- These are low-interest loans with payments deferred until graduation.
How to Request
Students receiving complete or partial tuition support from their employer or third-party sponsor must submit a Financial Guarantee Letter to Third-Party Coordinator Amy Hernandez (email@example.com) as proof of their participation in a tuition support plan. It is the responsibility of the student to submit this Financial Guarantee Letter prior to registration. The Financial Guarantee Letter must be on appropriate letterhead; must be signed by an authorized member of the company or organization (other than the student); and must clearly state the terms and conditions of the tuition support benefit plan, including, but not limited to, the exact percentage and/or dollar amount of coverage, as well as the terms or academic years for which support will be provided.
The third-party coordinator will mail an invoice to the employer or sponsor after the add/drop period has taken place. The employer may then remit payment via credit card, check, money order, or wire transfer.
All sponsored students must notify the third-party coordinator if there is a change in registration after the add/drop period has passed.
The Payment Process
The student may defer the employer/third-party sponsor portion of payment for up to 60 days from the last day of the term, at no additional cost, with a valid Financial Guarantee Letter. After this point in time, late payment fees will accrue on the student account until payment is received. The tuition amount deferred is the anticipated payment that will be made by the company or third-party sponsor. If tuition support is less than 100 percent, regular due dates apply to the student’s personal contribution portion. Payment may be made in full at the beginning of the term or the student may elect to enroll in the monthly payment plan at mycgu.edu (log into the portal, select My Finances>My Account Information> Bill-Refund-Payment Plan>Installment Payment Plans).
The following due dates apply to the deferred portion of tuition support which a student expects to receive from their third-party sponsor:
- Fall: February 3
- Spring: July 3
- Summer: November 3
Questions regarding third-party sponsorship should be directed to the Third-Party Coordinator, Amy Hernandez, at firstname.lastname@example.org, 909-607-4561, Claremont Graduate University, Finance & Administration, 150 E. 10th St., Harper Hall 155, Claremont, CA 91711
CGU is an approved institution for in-service, off-duty educational benefits provided by the Veterans Administration. Students eligible for VA benefits should contact the Registrar’s Office prior to the first day of the semester to ensure funds are available.
Borrow From Private Lender
Students who have remaining eligibility within their cost of attendance and who meet the individual lenders’ requirements may be eligible to borrow a private loan. These loans are credit based and for education-related expenses.
International students may qualify for these types of loans; however, they must have a credit-worthy U.S. citizen or permanent resident co-borrower in order to be considered.