Federal Financial Assistance For Graduate Students
A graduate student must be enrolled half-time as a regular student in a degree program and must be a U.S. citizen or an eligible non-citizen to qualify for federal financial aid. Although applications are accepted throughout the year, graduate students are encouraged to file before March 20 to ensure timely processing. Students must reapply each year and maintain satisfactory academic progress as defined by the financial aid office to continue receiving federal assistance.
Federal Direct Unsubsidized Stafford Student Loan
Students are responsible for all interest that accrues on the unsubsidized Stafford loan while in school, but payment is not required during this time.
Federal Direct Graduate PLUS Loan
A federal loan program for credit-worthy graduate students, intended to supplement the Federal Stafford Loan. A credit-worthy graduate student may borrow the complete cost of attendance minus other financial aid. The interest rate is fixed annually at the 10-year Treasury Note Index plus 4.6 percent. Payments can be deferred till after graduation, but interest accrues while the student is in school. Graduate students must be U.S. citizens or eligible non-citizens to be eligible. Students must enroll for a minimum of five credit hours per semester (at least half-time) to be eligible .