Dominican University of California is committed to helping each and every one of our students to earn a Dominican undergraduate degree and we make available a large array of scholarships, grants, work study and loan programs to provide financial support to our students and their families.
We understand that sometimes the programs that are readily available to our students and families do not meet every need; especially when economic circumstances make it difficult to qualify for a student or parent loan. For this reason, we have created the Dominican Loan program.
The Dominican Loan is available to fund the portion of tuition, fees and room and board not covered from all other available sources. To qualify a student must be in good academic standing, show a commitment to completing their degree at Dominican, have accepted and completed the requirements for all other types of financial aid offered by Dominican and been denied a private student loan.
Students wishing to apply for the Dominican Loan may pick up an application in the office of financial aid. Applicants must submit the required documentation including a brief essay and letter of recommendation from a Dominican faculty or staff member.
The loan is interest free while enrolled at Dominican and repayment begins one month after the last day of the month the student ceases to be enrolled half time. The interest rate is 5% and repayment will be for a period of ten years.