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Types of Graduate Financial Aid

Student Aid Program
Type of Aid
Program Details
Annual Award Amount
Direct Unsubsidized Federal Student Loan Loan must be repaid; must be at least a half time student Unsubsidized: Borrower is responsible for interest during life of the loan; financial need is not a requirement Up to $20,500 - Annual loan limits apply
Graduate Assistantship Stipend and/or reduction in tuition Graduate Assistantships provide financial assistance for graduate students, in return for work performed within the department.  A seperate application is required and available at the Graduate Studies webpage.  Award amounts are determined by the awarding department
Federal Work-Study Loan must be repaid; must be at least a half time student For undergraduate and graduate students; jobs are on campus; students are paid at least minimum wage  No annual minimum or maximum award amounts 
Direct Federal Graduate PLUS Loans  Loan must be repaid; must be at least a half time student enrolled in a graduate degree program of study  For graduate/professional; Based on borrower credit history; Repayment begins 60 days from date of full disbursement (deferments available); U.S. Citizen or national; U.S. Permanent Resident or eligible non-citizen; FAFSA required; Recommend students apply for Direct Student Loans prior to receiving Grad/PLUS loans, must not be in default on any student loans or owe refund on any educational grants  Up to unmet cost of attendance for graduate students 
Private Loans  Loan must be repaid Private (Alternative) loans can only be used to pay for educational expenses, such as tuition and fees, room and board, books and supplies, and transportation. Up to unmet cost of attendance for graduate students
  • Check with the lender for details and conditions regarding eligibility for special benefits or incentives.
  • If you default on your loan and it is purchased by the guarantor, any interest rate reductions will no longer be applicable.
  • Interest rates referred to herein may vary. Please contact the college or university directly for updated information or visit the websites referred to above for additional rate and disclosure information, including Annual Percentage Rates (APR) examples.