GRADUATE FINANCIAL AID

The following are two requirements of the Department of Education that must be completed before the first disbursement of these federal loan:

• Master Promissory Note
• The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).

• Entrance Counseling
• Is a tool to help students understand what it means to take out federal student loans.

Graduate students are eligible to borrow under the PLUS loan program up to their cost of attendance minus other estimated financial assistance. Eligibility will be based upon a satisfactory credit check. Loans are not automatically renewed. Students must reapply annually. The financial aid department receives notification of the application results from the U.S. department of Education. If approved the loan will be added to the financial aid package.

To Apply: Complete the application on studentaid.gov. In addition, student must have completed a FAFSA. Our school code is 039413.

For more information on the federal student loans click here Federal Student Aid.

A student does not have to demonstrate financial need to receive this loan. You may borrow the cost of attendance minus all financial aid awarded and based on your academic level. Interest on this loan is not subsidized by the government. You can choose to pay the interest while you are enrolled, or it will accrue and be added to the principal of the loan that you owe. You begin repayment six months after you graduate or stop attending at least half-time.

To apply: Complete the “Free Application for Federal Student Aid” (FAFSA) on studentaid.gov. The application is available to students starting October 1st of each year for the following academic year. Our school code is 039413.