Payment Plans & Financial Aid
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Payment Plans & Employer Tuition Reimbursement | Federal Financial Aid
Tuition Payment Plans
For both the Independent Study and Directed Study programs, the University has established interest-free payment options to make tuition payments more accessible and affordable. In general, a student is required to pay 30% of the semester tuition at the start of the semester with three additional payments scheduled to cover the balance. A student must pay the cost of tuition for a semester prior to beginning the next semester.
Our Juris Doctor Executive Track program is structured into academic years, rather than being semester-based. For this program, we offer a payment plan where students generally pay 30% of the academic year’s tuition upfront, followed by 12 equal monthly payments over the duration of their academic year.
Employer Tuition Reimbursement
Students may also utilize employer tuition reimbursement options, if available. In this case, the University will work with the student to provide any necessary documentation required by the employer. Because each employer has different requirements, it is up to the student to discuss with their HR department about eligibility and requirements.
Federal Financial Aid
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Basic Eligibility Requirements for Federally Insured Student Loans
To be eligible for Federal Insured Student Loans during enrollment in one of the University’s programs, an individual must:
Be approved for admission to one of the University’s Directed Study programs or the Juris Doctor Executive Track program;
Be a U.S. citizen or an eligible non-citizen;
Have a high school diploma or GED;
Have a Social Security number;
Remain in good academic standing by meeting Satisfactory Academic Progress standards, as detailed in the University’s Academic Catalog;
Not have borrowed more than the aggregate loan limits under Federal Regulations;
Certify that you are not in default on a federal student loan or owe money on a federal student grant;
Certify that they will use federal student aid for educational purposes only; and
Comply with Selective Service registration requirements (if the individual is male).
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To Expedite the Processing of a Federal Direct Loan
The name listed on all Taft enrollment and Financial Aid forms must match the name that appears on the applicant/student’s Social Security Card.
If an applicant does not already have a Federal Student Aid Personal Identification Number (PIN), the applicant can apply for one here.
Once the applicant has a PIN they may complete a Free Application for Federal Student Aid (FAFSA).
Click on “New FAFSA” if they did not complete one for the prior year. Click on “Renew” if one was completed for last year.
The Taft University System’s School Code: G41004.
Any questions or concerns should be directed to The Taft University System’s Financial Aid Office.
Advancing your professional education is an investment in your personal and professional development. William Howard Taft University makes every effort to make a post-graduate education an achievable goal for all qualified applicants. The Taft University System Financial Aid Office personnel work closely with students to verify financial aid eligibility. Many students will also qualify for Federal Income Tax Credits and Deductions which would reduce the net cost of tuition and fees.
Directed Study or Independent Study Modality: Students enrolled in the Independent Study modality are not eligible for Federal Direct Loans. Students enrolled in the Directed Study modality may qualify for Federal Financial Aid. Students in either modality may qualify for veterans' educational benefits, military or employer tuition assistance, external grants, and/or Taft University System tuition payment plans.
Federal Direct Loans are low-interest loans for students to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education rather than a bank or any other financial institution. They have distinct advantages over traditional consumer loans:
Repayment of loans received while attending William Howard Taft University may be deferred until six months after students have graduated or otherwise left school;
The credit history of the borrower is not a factor in the loan approval. A low FICO score, a bankruptcy, or a foreclosure will not disqualify a student from obtaining a federal student loan;
Interest rates are historically much lower than those of conventional lenders. These rates are set by the United States Congress. Please review the information posted on the United States Department of Education’s website to see the current rates.
How to Apply for Federally Insured Student Loans
Complete and submit an Application for Admission to any of the University’s Directed Study programs.
To apply for Federal Student Aid, the applicant must complete the online Free Application for Federal Student Aid (FAFSA). This application must be completed with extreme care and accuracy. In order to permit the Financial Aid Office to receive the applicant’s FAFSA information, it is important to enter the correct School Code for The Taft University System (G41004). Submitting a FAFSA through the Department of Education’s website, is free.
(Note that the website www.fafsa.com is not a government site. Do not complete the FAFSA through this website. There is no need to pay any fee in connection with the completion or submission of the FAFSA.)
After the University’s Application for Admission has been reviewed and approved, the enrollment instructions have been received, and the FAFSA information has been received by the Financial Aid Office from the Department of Education, the applicant will be contacted by a member the Financial Aid Office (normally via e-mail.) The Department of Education may or may not require additional information. Step three normally takes between five and ten business days. It is important to promptly respond to this e-mail.
When the FAFSA is complete, sign in using the PIN to complete a Master Promissory Note and Entrance Counseling here.
Request copies of official transcripts from all relevant Degrees earned.
By using the William Howard Taft University Net Price Calculator you can estimate the cost of of attendance minus any grants and scholarships for which you may be eligible.
You can also estimate your eligibility for financial aid for to which you plan to apply and estimate your out-of-pocket expenses.
Please be aware that the Net Price Calculator is based on the Master of Business Administration program for its pricing. The costs for programs at William Howard Taft University may vary depending on the number of credits required, the cost per credit, and the price of textbooks.
Net Price Calculator
Tuition Refund Policy
The University has adopted a refund policy, which is believed to be fair, equitable, and in compliance with regulatory requirements. The University reserves the right to change this policy without notice to comply with any legislative or regulatory changes imposed by the government or accrediting agencies.
For the purposes of refunds, each 8-week session is considered independent of other session. If Student cancels enrollment within the first week of a session (first seven days), the University will refund all tuition paid by Student. If Student withdraws or is dismissed after seven days of the start of the session, Student shall be entitled to a prorated refund as outlined below.
The Chart below outlined tuition refunds based upon the date the University receives notification of intent to withdraw.
| Week | Day of Semester | % of Tuition Refund |
|---|---|---|
| First Week | Day 1 to 7 of the 8-week session | 100% tuition refund |
| Second Week | Day 8 to 14 of the 8-week session | 80% tuition refund |
| Third Week | Day 15 to 21 of the 8-week session | 60% tuition refund |
| Fourth Week | Day 22 to 28 of the 8-week session | 40% tuition refund |
| Fifth Week | Day 29 to 35 of the 8-week session | 20% tuition refund |
| Sixth Week | Day 36 or later | No Refund |
No refunds are payable after the start of Week 6 in the 8-week session. Refunds are not payable for completed courses. As an example of the refund policy, a student who withdraws the fourth week of the 8-week session (Day 25), having paid tuition in the amount of $1,000 would receive a refund of $400 ($1,000 multiplied by 40%).
For refund calculation purposes, any withdrawal shall be based on the date Student notifies the University with an intent to withdraw. Withdrawal does not relieve Student of the obligation to pay for charges incurred prior to the date of withdrawal. Unless otherwise noted in writing, University fees are non-refundable. The University will issue refunds pursuant to the above conditions within 30 days of notification.
Dismissals shall be effective on the date such action is taken by Administration or when Student fails to maintain the academic standards set forth in the Academic Catalog, whichever shall occur first. If a loan was obtained to pay for tuition, it is Student’s responsibility to repay the full amount of any loan plus any interest. Student is advised that some financial institutions require the University to repay any refunds due directly to the lender and Student expressly authorizes the University to comply with such requests.
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