Financial Aid
Education You Can Afford
At University of the Potomac, it is one of our primary missions to make a post-secondary degree accessible to everyone. With that in mind, we offer numerous options for financing your education. The best way to find out what is right for you is to contact one of our Financial Aid Advisors.
Our financial aid staff can be reached by calling 888-635-1121 or by emailing us at studentfinancialservices@potomac.edu.
Federal Student Aid Options
After students have successfully completed the admission process, if desired, an appointment to meet with a Financial Aid Officer will be arranged. During the financial aid appointment, appropriate documents are completed to determine eligibility. Once eligibility has been determined students will receive an Estimated Award Letter and at this time will be given the opportunity to either accept or decline the award letter.
Subsidized Stafford Loans
Federal Direct Unsubsidized Stafford Loans are available to all qualified undergraduate students as a supplement to the Subsidized Stafford Student Loan programs. Repayment of principal plus interest begins six months after graduation, withdrawal from school, or dropping below half-time status, whichever comes first. Funds are transmitted electronically and credited to the student’s tuition account.
Unsubsidized Student Loans
Federal Direct Unsubsidized Stafford Loans are available to all qualified undergraduate students as a supplement to the Subsidized Stafford Student Loan programs. Repayment of principal plus interest begins six months after graduation, withdrawal from school, or dropping below half-time status, whichever comes first. Funds are transmitted electronically and credited to the student’s tuition account.
Federal Parent Loans for Undergraduate Students (PLUS)
Federal PLUS Loans are available to qualified parents with good credit histories of dependent students to help pay for their children’s education. PLUS Loans can be obtained through the Direct Loan Program. Borrowers must begin repayment of the principal and interest 60 days after the loan is fully disbursed.
Federal Work Study Program
The FWS program provides jobs for undergraduate students with a financial need, allowing them to earn money to help pay educational expenses. Some FWS students are required to participate in community service and in the America Reads program.
Federal Pell Grants
A Federal Pell Grant, unlike a loan, usually does not have to be repaid as long as the student remains in school for their estimated enrollment status and continues to make satisfactory progress. Pell Grants are awarded to eligible undergraduate students with an established need who have not earned a bachelor’s or professional degree.
Federal Supplemental Educational Opportunity Grants (FSEOG)
Available on a limited basis, FSEOG is awarded to students with an exceptional financial need. Awards amounts are determined not to exceed the program maximum and students must meet other criteria as determined by the institution.
Scholarships
Scholarships may be available to qualified students throughout the year from outside organizations. It is the responsibility of the student to seek and complete any required information for obtaining a scholarship. The Financial Aid Office at your campus will assist students in gathering required information or completing forms necessary to submit an application. It is also the student’s responsibility to notify the Financial Aid Office if a scholarship is awarded. See your Financial Aid Officer for more details.
Note: Students are eligible for only one Potomac institutional scholarship at a time. The University reserves the right to discontinue any or all scholarships without prior notice.
Multiple Family Member University of the Potomac Scholarship
University of the Potomac offers families with more than one member attending the University concurrently a scholarship equal to a 20% reduction in the credit hour tuition rate in effect at that time. To be eligible for the Multiple Family Member University of the Potomac Scholarship, candidates must:
Have two or more immediate family members enrolled in University of the Potomac during the same semester. For purposes of this scholarship family members are defined as spouses, children, siblings or grandchildren;
Both family members must complete the entire semester and maintain a 2.0 GPA;
No other University of the Potomac scholarships may be applied concurrently.
Students are encouraged to speak with the Admissions and/or Financial Aid Departments for more details
Good Hope Scholarship
The University of the Potomac believes in the value of education and that life goals should be accessible to anyone with the desire and will to achieve. We are pleased to announce the Good Hope Scholarship to support the educational aspirations of youth within the Washington Metropolitan Area.
This newly formed endeavor advocates affordable excellence and strives to bridge the educational achievement gap.
Scholarship recipients will receive $1,000 per year for their studies at the University of the Potomac toward costs not covered by other financial aid and the expected family contribution, as determined by the Free Application for Federal Student Aid (FAFSA). Contact admissions for application requirements.
Alumni Undergraduate International Student Scholarship – ESL to undergraduate
The scholarship is renewable each year provided students meet the requirements and conditions governing this scholarship program listed below.
- Maintain full-time status in the graduate degree program at the Washington, DC or Falls Church, VA campus.
- Must have completed the English as a Second Language (ESL) program at University of the Potomac.
- The scholarship is contingent upon satisfactory academic progress according to the UOTP catalog guidelines for the program and maintaining a minimum program required GPA of 2.0.
- The total program cost (tuition and fees) is $45,510.00 prorated over the duration of the program (based on 120 credits).
- The scholarship will be prorated for the total number of credits registered in each session and will be credited to the student’s account after the start of each semester.
- The scholarship applies to tuition charges and technology fees but cannot create a credit on the student’s account. If for any reason a credit is created, the scholarship award will be reduced by the credit amount.
Failure to meet the established academics guidelines will result in the removal of the scholarship. Taking a Leave of Absence (LOA) may affect eligibility which will be evaluated on a case-by-case basis.
Alumni Doctorate Student Scholarship
The scholarship is renewable each year provided students meet the requirements and conditions governing this scholarship program listed below:
- Maintain full-time status in the doctorate program.
- Must have completed a graduate degree program at University of the Potomac.
- The scholarship is contingent upon satisfactory academic progress according to the UOTP catalog guidelines for the program and maintaining a minimum program required GPA of 3.0.
- The total scholarship amount is $2000.00 over the duration of the program.
- Included in this scholarship is the waiver of technology fees for the duration of the program, $4,500.00 ($75.00 per credit).
- The scholarship will be prorated for the total number of credits registered in each session and will be credited to student’s account after the start of each semester.
- The scholarship applies to tuition charges and technology fees but cannot create a credit on the student’s account. If for any reason a credit is created, the scholarship award will be reduced by the credit amount.
Failure to meet the established academics guidelines will result in the removal of the scholarship. Taking a Leave of Absence (LOA) may affect eligibility which will be evaluated on a case-by-case basis.
Doctorate Student Scholarship for Veterans
The scholarship is renewable each year provided students meet the requirements and conditions governing this scholarship program listed below:
- Maintain full-time status in the doctorate program.
- The scholarship is contingent upon satisfactory academic progress according to the UOTP catalog guidelines for the program and maintaining a minimum program required GPA of 3.0.
- The total scholarship amount is $2000.00 over the duration of the program.
- Included in this scholarship is the waiver of technology fees for the duration of the program, $4500.00 ($75.00 per credit).
- The scholarship will be prorated for the total number of credits registered in each session and will be credited to the student’s account after the start of each semester.
- The scholarship applies tuition charges and technology fees but cannot create a credit on the student’s account. If for any reason a credit is created, the scholarship award will be reduced by the credit amount.
Failure to meet the established academics guidelines will result in the removal of the scholarship. Taking a Leave of Absence (LOA) may affect eligibility which will be evaluated on a case-by-case basis.
International Students Tuition Scholarship Program
The International Students Tuition Scholarship is open to new international student planning on full time enrollment at the University of the Potomac. The scholarship can cover up to 35% of the normal international student tuition cost. The scholarship is available to first time undergraduate and graduate students, and can be renewed provided the student maintains an acceptable academic record. This scholarship only covers tuition charges. The student is required to pay all entry and semester fees. The scholarship can be renewed on an annual basis, based on the student meeting the University’s academic criteria. The scholarship can also be used for year round study.
Alumni Graduate Student Scholarship
The scholarship is renewable each year provided students meet the requirements and conditions governing this scholarship program listed below.
Domestic students:
- Maintain a full-time status in the graduate degree program at the Washington, DC, Falls Church, VA, or online campus.
- Must have completed an undergraduate or graduate degree program at University of the Potomac and must enter a new graduate degree program (36 credits).
- The scholarship is contingent upon satisfactory academic progress according to the UOTP catalog guidelines for the program and maintaining a minimum program required GPA of 3.0.
- The total scholarship amount is $2000.00 for the duration of the program.
- The scholarship will be prorated for the total number of credits registered in each session and will be credited to the student’s account after the start of each semester.
- The scholarship applies to tuition charges and technology fees but cannot create a credit on the student’s account. If for any reason a credit is created, the scholarship award will be reduced by the credit amount.
International students – graduate and undergraduate
- Maintain full-time status in the graduate degree program at the Washington, DC or Falls Church, VA campus.
- Must have completed an undergraduate or graduate degree program at University of the Potomac and must enter a new graduate degree program (36 credits).
- The scholarship is contingent upon satisfactory academic progress according to the UOTP catalog guidelines for the program and maintaining a minimum program required GPA of 3.0.
- The total program cost (tuition and fees) is $18,000.00 prorated over the duration of the program (based on 36 credits).
- The scholarship will be prorated for the total number of credits registered in each session and will be credited to the student’s account after the start of each semester.
- The scholarship applies to tuition charges and technology fees but cannot create a credit on the student’s account. If for any reason a credit is created, the scholarship award will be reduced by the credit amount.
International students – ESL program completers
- Maintain full-time status in the graduate degree program at the Washington, DC, or Falls Church, VA campus.
- Must have completed the English as a Second Language (ESL) program at University of the Potomac.
- The scholarship is contingent upon satisfactory academic progress according to the UOTP catalog guidelines for the program and maintaining a minimum program required GPA of 3.0.
- The total program cost (tuition and fees) is $18,450.00 prorated over the duration of the program (based on 36 credits).
- The scholarship will be prorated for the total number of credits registered in each session and will be credited to the student’s account after the start of each semester.
- The scholarship applies to tuition charges and technology fees but cannot create a credit on the student’s account. If for any reason a credit is created, the scholarship award will be reduced by the credit amount.
Failure to meet the established academics guidelines will result in the removal of the scholarship. Taking a Leave of Absence (LOA) may affect eligibility which will be evaluated on a case-by-case basis.
Ciciley Allen is the Associate Director of Financial Aid and the School Certifying Official. She has a Bachelors in Business, a Master of Business Administration with a concentration in Management and is currently pursuing a Masters in Business Administration with concentration in Finance. Ms. Allen has more than 15 years experience in financial aid and 10 years experience as a military SCO. She has completed several Department of Education approved training, most recently the NASFAA Directors Training. As the Associate Director of Financial Aid and School Certifying Official, she understands the importance of serving the needs of students and remaining compliant with all regulatory agencies. She understands how the progress, conduct, registration, and attendance reporting can impact our students.
