Students enrolled on at least a half-time basis (at least three credits) in an eligible program may apply for Federal Work Study, Federal Direct Stafford Student Loan and Direct Plus Loan for Graduate Students. Teaching fellowships, teaching assistantships and research assistantships are also available to graduate students. Application for assistantships must be made to the Graduate Office.
- Required Documents For Aid Applicants
- All graduate students applying for financial aid must complete the Free Application for Federal Student Aid (FAFSA). The University's Title IV School Code to be uses on the FAFSA is 003384.
- Grade Level and Loan Eligibility for Graduate Students
- The grade level maximum for Graduate students in the Direct Unsubsidized Stafford Loan is $20,500.
- Enrollment Status for Graduate Students
- Graduate students are considered to be full-time students if enrolled for a minimum of six credits per semester. Students who are enrolled for a minimum of three credits per semester or session are considered to be half-time students.
Employer reimbursement will be considered as a resource and will be counted toward Loan eligibility. Please notify the Financial Aid Office if you are receiving Employer Reimbursement.
Deferment of Tuition Payment for Students with Employer Tuition Reimbursement
In order to be eligible for deferment of student's tuition payment, students must complete the Deferment of Tuition Payment form for each term students are seeking tuition reimbursement. Forms must be submitted to the Bursar's Office no later than one week after the first day of classes for each term. Provide a copy of student's employer's tuition policy. Pay all tuition not covered by student's employer by the normal due date. Deferred tuition must be paid in full within 14 days after the relase of grades. Please visit the Bursar's website under common forms.
Graduate Teaching, Research, Fellowship Assistantships
The tuition scholarship covers either full or partial tuition and most fees associated with the graduate courses taken during the graduate assistantship contract period. The assistantship amount is taken into account when determining Financial Aid.
University of Scranton Tuition Payment Plan
The University of Scranton provides for a monthly installment payment plan that allows students to spread payments over a 10 to 12 month period offered through ECSI. This eliminates the need to make lump sum payments prior to the beginning of each term. Visit the Loans & Financing Options section on the Financial Aid website for more information.
Applicants interested in borrowing under the Federal Direct Stafford Loan program must complete the 2012-2013 Free Application for Federal Student Aid (FAFSA). The Federal Direct Stafford Unsubsidized Loan Program is the primary source of financial aid for many graduate students and requries a minimum half-time enrollment. For new Stafford Loan borrowers, you will be required to complete an electronic Federal Direct Stafford Loan Master Promissory Note (eMPN) and must complete Entrance Counseling requirements before receiving the loan funds. Visit the Loans & Financing Options section on the Financial Aid website for more information.
The Federal Direct Graduate PLUS Loan is available to credit-worthy Graduate students who have exhausted their Federal Direct Stafford Loan eligibility in an academic year. Graduate students are required to first utilize the Direct Stafford Loan Program prior to borrowing under the Direct PLUS Loan Program. The U.S. Department of Education will conduct the madatory credit check. Direct Graduate PLUS borrowers may borrow up to the cost of attendance for the period of enrollment, minus other estimated financial assistance received for the period. For Graduate PLUS borrowers, complete the online Univeristy of Scranton Federal Direct Graduate PLUS Loan Request Form and complete the Federal Direct PLUS Loan Master Promissory Note (eMPN). Visit the Loans & Financing Options section on the Financial Aid website for more information.
Alternative Loans should be a last option loan. The programs require a favorable credit rating. Students may borrow up to the cost of attendance for the period of enrollment, minus other estimated financial assistance received for that period. Visit the Loans & Financing Options section on the Financial Aid website for more information.