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Master’s Degree Financial Aid


Federal Student Aid
Federal Student Aid

Federal Student Aid

Financial aid can come from a variety of sources, including federal loans and grants, and state loans and grants. Determine your eligibility for federal student aid with the Free Application for Federal Student Aid (FAFSA).

Federal Student Aid programs are the largest source of student aid in America. These programs provide over $60 billion a year in grants and loans. (www.studentaid.ed.gov)

FAFSA

The Free Application for Federal Student Aid is used to apply for federal student financial aid, including grants, loans and work-study. Federal Student Aid programs are the largest source of student aid in America, providing over $60 billion a year in assistance. Take advantage of this opportunity by determining your eligibility today.

Federal Direct Loans

Federal Direct Loans must be repaid and are available to graduate students. Graduate students are eligible for loans up to $20,500.

Example of a Typical Yearly Direct Loan Academic Year Loan Range*:

Class Standing Subsidized Unsubsidized Total Amount
Graduate $8,500 $12,000 $20,500

*Maximum annual loan limits for graduate students are listed above. As of July 1, 2012, subsidized loans are no longer available to graduate students. Federal Student Aid, updated May 2012. Visit www.direct.ed.gov for details.

Perkins Loans are low-interest loans that must be repaid; the maximum annual loan amount is $6,000 for graduate students.

For more in depth information about Financial Aid from the U.S. Department of Education, please click here for the Student Guide.