Untitled Document
GRADUATE STUDENT LOANS
  General Eligibility Requirements
  Application procedures
      For first-time borrowers
      All PLUS borrowers
  Summer Loans
       
General Eligibility Requirements
To be eligible for the loan programs listed below, a graduate student must:
  •  
  • Be a U.S. Citizen or eligible non-citizen
       
  •  
  • Have a valid Social Security Number
       
  •  
  • Not be in default of a loan and/or owe a refund
       
  •  
  • Must be enrolled at least half-time and make satisfactory progress toward a degree or certificate in an eligible program
       
  •  
  • If required, the student must also be registered with the Selective Service.
    Back to top
           
    APPLICATION PROCEDURES
    First-time and repeat borrowers: In order to be considered for any federal loan programs, a student must complete a Free Application for Federal Student Aid (FAFSA).
           
    First-time borrowers
  •  
  • Must also complete Entrance Counseling. "Financial Awareness Counseling" provides tools and information to help students understand financial aid and manage their finances. Completing the "Financial Awareness Counseling" does not meet the federal requirements for completing the Entrance Counseling.
       
  •  
  • If awarded Federal Direct Unsubsidized Stafford loans, you must submit a signed Master Promissory Note (MPN) for the appropriate loan.
       
  •  
  • For the campus-based Federal Perkins and Nursing Loan programs, students are required to sign a promissory note (PM), otherwise the loans will not be disbursed. Students awarded a Federal Perkins Loan will receive an e-mail notification every year before classes begin. Students may sign their Perkins electronically.
       
  •  
  • Additional information can be obtained at the Office of Student Account Services located in room 158 of the Ashe Building.
           
    All PLUS Borrowers
      A Federal Graduate PLUS is a loan in the graduate student's name enrolled at least half time in a degree seeking program.  The Graduate PLUS Loan is a non-need based loan with the benefit of having a fixed interest rate.   The borrower should apply for the Subsidized and Unsubsidized Stafford Loan before applying for a Graduate PLUS Loan.  A credit check is required.
       
      If you would like to request a PLUS loan, complete a Master Promissory Note and submit a Federal Direct PLUS Loan application.    
    Back to top
           
    SUMMER LOANS
    To be eligible for loans for the summer sessions, students must be enrolled at least half-time. An undergraduate student needs to be enrolled during Summer I and/or Summer II with a minimum of 6 credits and a graduate student needs at least 2 credits.
           
    To apply, students must:
      1. File a 2013-2014 FAFSA
      2. Have a completed Federal Direct Master Promissory Note(s)
      3. Have completed Entrance Counseling
           
    After these steps are completed, please complete and submit an online request form to the Office of Financial Assistance.
    Back to top
           


    askUM icon