Types of Aid – Graduate

The following information cites the most common financial aid awarded to our graduate students.

For more details on the types of aid listed, please refer to the Understanding Your Offer of Financial Aid publication mailed with your initial award letter packet.

Federal Aid

Unsubsidized Stafford Loan

The federal government offers an unsubsidized Stafford Loan Program to help fund graduate studies. Students are eligible for up to $20,500 in Stafford loans every academic year.  Students must complete the Free Application for Federal Student Aid (i.e., the FAFSA) prior to the start of each new school year to qualify. 

Grad PLUS Loan

The Grad PLUS Loan is a loan for which graduate students can apply to help cover a remaining balance not covered by other funding sources.  This loan type requires a separate, online application process through the U.S. Department of Education.

Federal Work Study

Work Study is also available for graduate students. Unlike a grant, scholarship or loan, Work Study is a job, and earnings are paid directly by your employer. Please visit the Work Study page for more information regarding Work Study.

Alternative Financial Resources

Alternative Loans

There are lenders that offer educational loans for graduate students. Eligibility is usually based on credit scores, and maximum amounts are based on a student’s total budget minus other awarded aid. Visit your personal bank or credit union’s website for more information or to apply for an education loan.  Alternative loans, like federal loans, are disbursed one semester at a time to the student’s account.  Refund checks, if applicable, are then determined and mailed to the student.

Outside Scholarships

Often clubs, unions, churches, and employers will have scholarships available to their members and family of members. It is a good idea to check with these places first for scholarships.  Otherwise, there are many other organizations that have funds to award in scholarship money. To find some of these sources, please visit our Outside Scholarships page.  Click Here to view scholarships specific to Graduate Studies.