Financial Resources Guide - Saybrook University

Section V:
Other Resources
HIGHER EDUCATION PROVISIONS IN
THE TAX RELIEF ACT OF 1997
U.S. graduate students may claim the Lifetime Learning
Credit, deduct student loan interest, make penalty-free
withdrawals from IRAs or utilize the Education IRA. For
further information, consult IRS publication 970, Tax
Benefits for Higher Education.
Continuing students (students in the second and subsequent
years) in either the PHS or MBM Colleges meeting the
following requirements are eligible for tuition assistance
grants from those Colleges for the following year (two
semesters). To be eligible, a student must:
• Have a financial need,
• Be in good standing academically and fiscally,
• Meet the University’s academic progress requirements,
• Have completed at least 12 credits of work during the
previous year.
Employees of Saybrook University or any of its Colleges who
are eligible for employee benefits and are students at
Saybrook University or any of its Colleges are not eligible for
tuition assistance.
Students must apply a annually for consideration for an
assistance grant or its extension. Subsequent grants or
AMERICORPS PROGRAM
AmeriCorps is a network of national service programs that
engage more than 50,000 Americans each year in intensive
service to meet critical needs in education, public safety,
health, and the environment. AmeriCorps members serve
through more than 2,100 nonprofit, public agencies, and
faith-based organizations. To learn more visit the Americorps
website: http://www.americorps.gov
Section VI:
Saybrook University Tuition Assistance
Tuition payment plans are available through the Saybrook
Business Office and include deferred payment options.
Deferred payment plans are subject to administrative fees.
Payment of tuition by check or credit card is permitted, and
Saybrook accepts Visa, Master Card, Discover and American
Express.
renewal of a previous grant are possible, but students must
continue to demonstrate need, and while receiving tuition
assistance, students must complete seven to eight units per
semester, 15 credits of work per annum, in a satisfactory
manner for such grants to be extended or renewed.
Students are required to complete a FAFSA.
Students who are about to complete their masters program
at Saybrook University and intend to continue
toward completing a doctoral degree at PHS College are
eligible for tuition assistance grants and may apply when
applying to be admitted to the PhD program. Tuition
assistance grants will be identified after a student is accepted
into the degree program. Such tuition assistance grants will
commence at the beginning of the first official semester of
their doctoral degree program.
Section VII:
Saybrook University Payment Options
SECTIONS V, VI, VII
Students may choose to make a full payment of any tuition
and fees due or opt for a monthly payment plan. The
monthly payment plan is generally spread out over four
months. To avoid administrative fees, this option must be
selected on the Tuition Payment Option Agreement (TPOA)
before the start of the semester.
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