Financial Aid Overview: Doctoral Program
Two types of federal financial aid are available to Doctoral students.
- Stafford Unsubsidized* Loans through the Federal Direct Loan Program (6.21% interest rate)
- Federal Graduate PLUS loans (7.21% interest rate)
The Department of Education provides access to the Direct Loan Program website to students which provides informative publications, tools to help manage Direct Loans packages, and information for completing entrance and exit counseling. We encourage all students to take advantage of these valuable online resources.
DAOM Program Financial Aid Amounts:
Doctoral students are eligible for a maximum of $20,500 every 3 quarters (9 months) in Stafford Unsubsidized Loans.
Doctoral students are eligible for a maximum of $32,756 every 3 quarters (9 months) with the inclusion of Graduate PLUS Loans, or through the sole use of Graduate PLUS Loans.
The maximum aggregate loan limit for all outstanding educational loans is $138,500. If a student reaches their maximum aggregate loan limit, Stafford Unsubsidized Loans will no longer be available. Graduate PLUS Loans will remain available, based on good credit standing.
Emperor’s College has successfully maintained a very low loan default rate. Our graduates and former students are responsible borrowers who go on to successful careers in acupuncture and Oriental medicine and easily repay their federal educational loans in a timely manner.
The Financial Aid Office can be reached at 310-453-8300 ext123
* Beginning July 1, 2012, the Federal Direct Loan Program discontinued the award of subsidized loans for graduate students. This is a new federal regulation that applies to all institutions that administer federal title IV aid. Total loan amounts are not affected by this change. Here’s a helpful article for more information.