Grants and Loans

Grants and Loans

UnderGRADUATE STUDENTS

New incoming freshmen and transfer students are required to submit their FAFSA for need-based awards as well as federal grants, and federal and private educational loan options. Undergraduate students have various grant and loan options available through the federal government that can help cover your cost of attendance outside any institutional awards you may have. 

 

Graduate Students

Students who file the Free Application for Student Aid (FAFSA) may be eligible for Federal Stafford Loans. Graduate students may borrow up to $20,500 each year in Stafford Loans depending on Cost of Attendance and any outside or institutional awards you may have.  Your Cost of Attendance (budget) will vary depending on your status as a fulltime or part time student, and on the graduate program in which you are enrolled. To be eligible for Federal Direct Stafford Loans, graduate students must be accepted and enrolled in at least 5 credits in an eligible degree program. Capstone classes less than 5 credits and certificate programs do not qualify for federal aid.

In addition to Federal Direct Stafford Loans, graduate students are also eligible to apply for Graduate PLUS loans.  The Federal Graduate PLUS Loan (Grad PLUS Loan) enables eligible graduate students with good credit histories to borrow funds in addition to their Stafford loans up to their Cost of Attendance.