Graduate Students
Financial Aid Process
In order to start the financial aid process please be sure to complete your FAFSA, and be sure to complete the forms below. Please see the loan programs page for information on available aid programs for graduate students. Please visit My Stetson for detailed information about your financial aid award and to accept or decline the aid that has been offered to you.
General Information
Summer Aid Options
Important Federal Loan Update
Notice Regarding Congressional Changes to the Direct Loan Program
The U.S. Congress has enacted a number of legislative changes during the past year that will affect the federal loan programs beginning in fall 2012. The Budget Control Act of 2011, signed into federal law in August, 2011, includes the following:
Elimination of Loan Interest Subsidy for Graduate Studies
Effective July 1, the Subsidized Direct Loan will no longer be available to graduate and professional students for loan periods beginning on or after July 1, 2012. The graduate Stafford loan program will become entirely unsubsidized, which means that the borrowed amount will accrue interest while the student is in school. The annual and aggregate borrowing limits will not be affected (the maximum amount a student can borrow in the Direct loan program will remain at $20,500 per academic year), and all students are automatically evaluated for loan eligibility.
Elimination of Loan Fees Rebate
Currently, there is a one percent origination fee on the Direct loan, but a portion of the fee (0.5 percent) is refunded to the borrower at the time of disbursement. Effective July 1, 2012 the rebate will be eliminated and the full fee will be charged to students.
Elimination of Grace Period Interest Subsidy
Effective July 1, 2012, for new Subsidized Direct Loans, the interest subsidy during the six-month grace period has been eliminated for students who fall below half-time status.
Elimination of Loan Fees Rebate
Currently, there is a four percent origination fee on the PLUS loan, but a portion of the fee (1.5 percent) is refunded to the borrower at the time of disbursement. Effective July 1, 2012 the rebate will be eliminated and the full fee will be charged to parents and students.