Graduate Students

• Direct Loans
  • Graduate students borrowing from the Federal Direct Loan Program are only eligible for unsubsidized loans.​
  • Graduate students may borrow up to $20,500 in Federal Direct Loans each academic year, depending on their cost of attendance.
• Direct Loan Interest
  • Interest will accrue on the loan once it disburses to the student’s account. 
  • You have the option of paying the interest while enrolled in school at least half-time or allowing the interest to be added to the principal. 
  • If the interest is added to the principal, the overall loan amount will be higher upon repayment and interest will continue to accrue monthly.
  • The current interest rate for an unsubsidized loan is 5.31%.
• Direct Loan Eligibility
  • Complete the FAFSA.
  • Be enrolled at least half-time, which is 4.5 credit hours at the graduate (5000 or above) level.
  • Be enrolled in a degree seeking program or an approved graduate certificate program (See the Graduate School's website).
  • Graduate students cannot receive financial aid if you are taking undergraduate classes only.
• PLUS Loans
  • Graduate students are eligible for the Graduate PLUS loan after you have exhausted your Federal Direct Loans.

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Jobs

• Work-Study is not available for Graduate Students, however Graduate Assistantships are offered through the Graduate School.